| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 25th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2134 Vyse Ave, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 1923 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2134 Vyse Ave, Bronx — Urban-Core Multifamily Demand
Neighborhood occupancy trends remain above national medians and renter concentration is very high, pointing to a deep tenant base, according to WDSuite’s CRE market data.
Situated in the Bronx Urban Core, the property benefits from a neighborhood rated B and ranked 348 of 889 within the New York–Jersey City–White Plains metro, making it competitive among metro neighborhoods. Amenity access is a clear strength: cafes, groceries, pharmacies, parks, and restaurants rank in the top percentile nationally, which typically supports leasing velocity and daily convenience valued by renters.
Occupancy in the surrounding neighborhood trends above national medians (67th percentile nationally), and the share of renter-occupied housing is very high at the neighborhood level (among the strongest nationally). For investors, that indicates durable multifamily demand and a large pool of prospective tenants, though lease management and renewal strategies should account for affordability pressure noted locally.
The average building vintage in the neighborhood skews older (mid-1960s). With a 1980 construction year, this asset is newer than the area’s typical stock, which can improve competitive positioning versus prewar and mid-century buildings while still leaving room for targeted modernization (systems, common areas, or unit finishes) to drive rent trade‑outs and retention.
Within a 3-mile radius, demographics show households increased even as population dipped modestly in the prior period, suggesting smaller household sizes and a broader renter pool. Projections point to meaningful growth in households through the forecast window, which supports occupancy stability and sustained demand for rental units. At the same time, elevated home values relative to income (above national medians) indicate a high-cost ownership market, reinforcing renter reliance on multifamily housing and supporting pricing power for competitive assets.
School ratings in the neighborhood trend below national averages, which may matter for family-oriented unit mixes, while housing metrics and NOI per unit performance are strong versus national benchmarks. Overall, this mix of dense amenities, high renter concentration, and relative vintage advantage supports the property’s investment appeal in a demand-rich, transit‑oriented urban context.
Safety indicators in the surrounding neighborhood track weaker than national norms overall, with crime metrics sitting below national percentiles. Within the metro, the neighborhood’s crime rank is around the middle of 889 neighborhoods, indicating conditions that are near the metro median rather than a clear outlier. Year over year, both violent and property offense estimates show declines, suggesting gradual improvement, though investors should still underwrite prudent security measures and tenant communication.
In practical terms, this means operators should plan for appropriate lighting, access controls, and coordination with local resources, balancing resident experience with operating costs. Comparative framing remains important: while national positioning is weaker, the metro-relative standing is closer to average, and recent trend direction has been improving.
The neighborhood’s renter base benefits from proximity to major corporate offices in Manhattan, supporting commute convenience and diversified employment demand from Cognizant, Cognizant Technology Solutions, JetBlue Airways, Disney ABC Television Group, and Loews.
- Cognizant — technology services (6.9 miles)
- Cognizant Technology Solutions — technology services (7.0 miles) — HQ
- Jetblue Airways — airline corporate offices (7.2 miles) — HQ
- Disney ABC Television Group — media & entertainment offices (7.2 miles)
- Loews — diversified holdings corporate offices (7.3 miles) — HQ
2134 Vyse Ave is a 38‑unit, 1980‑vintage asset with compact average floor plans (~575 sq. ft.) that align with renter preferences in dense, transit‑served Bronx submarkets. The surrounding neighborhood exhibits above‑median national occupancy and a very high share of renter‑occupied units, supporting depth of demand and potential lease‑up resilience. Elevated ownership costs relative to incomes sustain renter reliance on multifamily, while exceptional amenity density contributes to retention and day‑to‑day livability. According to CRE market data from WDSuite, the asset is newer than the area’s typical 1960s vintage, suggesting relative competitiveness with room for targeted value‑add to modernize systems and finishes.
Demographic data aggregated within a 3‑mile radius show a growing household base historically and projections for further household expansion, implying a larger tenant base over the medium term even as household sizes trend smaller. Investors should balance these positives against affordability pressure signaled by local rent-to-income dynamics and monitor neighborhood safety, which trends weaker than national averages but has been improving year over year.
- High renter concentration and above‑median national occupancy support demand stability
- 1980 vintage newer than neighborhood average, offering value‑add and modernization upside
- Dense amenity landscape and major employment access bolster leasing and retention
- Household growth within 3 miles points to a larger tenant base over time
- Risks: affordability pressure (rent‑to‑income), below‑average school ratings, and safety metrics require active management