| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 19th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2037 Webster Ave, Bronx, NY, 10457, US |
| Region / Metro | Bronx |
| Year of Construction | 1928 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2037 Webster Ave, Bronx — 32-Unit 2009 Multifamily
Urban Core Bronx location with high renter concentration and steady neighborhood occupancy, according to WDSuite's CRE market data, positions this asset for durable demand while pricing strategy should account for local affordability pressure.
Location fundamentals and renter demand
Situated in the Bronx Urban Core, the area offers dense, daily-needs convenience — grocery, pharmacy, cafes, restaurants, and parks cluster at levels that rank among the highest nationally. This walkable context supports day-to-day livability and helps sustain tenant retention.
Neighborhood occupancy measures in the top quartile nationally and have trended modestly higher in recent years (per WDSuite). Renter concentration is among the highest in the country, indicating a deep tenant base and consistent leasing pipelines for multifamily operators.
Within a 3-mile radius, households have increased even as population edged slightly lower, signaling smaller household sizes and a broader renter pool. Median contract rents have risen over the past five years, and forecasts point to continued growth, which supports revenue management while warranting close attention to affordability and lease retention.
Home values in the surrounding neighborhood are elevated relative to income levels, reinforcing reliance on multifamily rentals and supporting occupancy stability. School ratings trend below national averages; investors should calibrate amenities and services toward workforce-oriented renters rather than school-driven demand.
The property's 2009 vintage is newer than the neighborhood's predominantly mid-century housing stock. That relative youth can enhance competitive positioning versus older product, though investors should still budget for mid-life system upgrades and common-area refreshes as part of capital planning.
Context on safety and underwriting considerations
Neighborhood safety indicators sit below national benchmarks, with violent and property offense rates tracking in lower national percentiles. Within the New York–Jersey City–White Plains metro, the area performs in the less safe half of neighborhoods.
Recent trend data from WDSuite show year-over-year declines in both violent and property offenses, an encouraging directional improvement. Investors typically underwrite for enhanced lighting, access control, and on-site management practices to support resident experience and retention, and should align security measures to current operating standards.
Proximity to Manhattan's employment base supports renter demand, with access to IT services, media, and corporate headquarters within typical commuting range. The following nearby employers contribute to a diversified white-collar workforce relevant to leasing and retention:
- Cognizant — IT services (5.8 miles)
- Cognizant Technology Solutions — IT services (5.9 miles) — HQ
- Disney ABC Television Group — media (6.8 miles)
- Loews — conglomerate (7.0 miles) — HQ
- Ralph Lauren — apparel (7.1 miles) — HQ
Investment thesis
2037 Webster Ave brings 32 units built in 2009 to a Bronx Urban Core location characterized by high renter concentration and strong daily-needs amenities. Neighborhood occupancy trends rank well nationally, supporting income stability, while elevated ownership costs in the area reinforce reliance on rentals. According to WDSuite's commercial real estate analysis, this context favors consistent leasing with prudent attention to rent-to-income ratios and renewal management.
Within a 3-mile radius, households have been rising and are expected to continue increasing, pointing to a larger tenant base even as average household size declines. Relative to older neighborhood stock, the 2009 vintage offers competitive positioning and potential to command steady rents with targeted CapEx for mid-life systems and common areas. Key underwriting considerations include safety, school quality, and affordability pressure, which should be offset by strong amenity access and sustained renter demand.
- High renter concentration and strong neighborhood occupancy support leasing stability
- 2009 vintage competes well versus predominantly mid-century housing stock
- Dense amenity base (grocery, pharmacy, dining, parks) reinforces retention
- Expanding household counts within 3 miles point to a broader tenant base
- Risks: below-average safety, lower school ratings, and affordability pressure require active management