| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 28th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 218 E 165th St, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1926 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
218 E 165th St, Bronx NY Multifamily Investment
Positioned in an Urban Core neighborhood with durable renter demand and high occupancy, this 31-unit asset benefits from proximity to dense amenities and employment, according to WDSuite s CRE market data.
The property sits within a Bronx Urban Core setting that scores a B at the neighborhood level and ranks 378 out of 889 metro neighborhoods, indicating competitive standing within New York a Jersey City a White Plains. Amenity access is a clear strength: neighborhood measures for parks, groceries, pharmacies, cafes, and restaurants are in the top national percentiles, supporting daily convenience and walkable lifestyles that reinforce renter appeal.
From an income perspective, neighborhood operating performance indicators are favorable. Occupancy for the surrounding neighborhood is strong and in the top quartile nationally (90th percentile) and competitive among metro peers (ranked 110 of 889), pointing to leasing stability. The neighborhood also has a very high share of renter-occupied housing units (91.6%, ranked 10 of 889), which signals a deep tenant base for multifamily. Median contract rents in the area have risen over the last five years, while remaining anchored by local incomes, helping sustain absorption across smaller unit mixes.
Schools in the area trend below national averages (23rd percentile on average ratings), which may temper family-driven demand, yet abundant childcare availability (top national percentiles) partially offsets this for younger households. The building 019s 2003 vintage is newer than the neighborhood 019s average 1971 stock, offering competitive positioning versus older properties; investors should still plan for system updates as the asset continues to season.
Demographic statistics aggregated within a 3-mile radius show households have increased while average household size has edged down in recent years, implying more, smaller households entering the rental market. Forward-looking projections in the same radius indicate continued growth in households and rising median incomes, which supports a larger tenant base and rentability over time. In a high-amenity, transit-rich Bronx context, these dynamics collectively underpin occupancy stability for workforce-oriented units.
Safety conditions should be assessed carefully. Compared with neighborhoods nationwide, the area sits below average on safety measures (low national percentiles for both violent and property offenses), while its metro ranking is roughly mid-pack among 889 New York a Jersey City a White Plains neighborhoods. Recent trends show year-over-year improvement in violent-offense rates, which is a constructive signal, but investors should underwrite with prudent assumptions and consider on-site security, lighting, and access controls consistent with urban assets.
Nearby Manhattan-based employers provide a broad commuter base that supports renter demand and retention for Bronx apartments. The list below highlights prominent corporate offices within a roughly five-mile commute that align with media, consumer brands, and diversified holdings.
- Disney ABC Television Group d media (5.1 miles)
- Loews d diversified holdings (5.3 miles) d HQ
- Ralph Lauren d apparel & lifestyle (5.3 miles) d HQ
- Estee Lauder d beauty & consumer goods (5.4 miles) d HQ
- Icahn Enterprises d investment holding company (5.4 miles) d HQ
218 E 165th St offers a 2003-vintage, smaller-unit profile in a Bronx neighborhood characterized by durable renter concentration and high occupancy. The asset benefits from top-tier amenity density and access to major employment nodes, supporting steady leasing fundamentals. Based on CRE market data from WDSuite, the surrounding neighborhood 019s occupancy stands in the top quartile nationally and compares well within the metro, reinforcing an underwriting case for stabilized operations.
Investor considerations include affordability pressure relative to local incomes and below-average school ratings, as well as safety metrics that trail national benchmarks. However, 3-mile demographics point to more households and rising incomes over time, suggesting a broader tenant pool. The 2003 construction is newer than the area 019s average vintage, offering competitive positioning versus older stock, while leaving room for targeted upgrades to drive rentability and retention.
- High neighborhood occupancy and deep renter-occupied housing base support leasing stability.
- Newer 2003 vintage versus local 1970s stock provides competitive position with selective value-add potential.
- Dense amenities and proximity to major employers underpin tenant demand and retention.
- 3-mile radius shows increasing households and income growth, expanding the renter pool over time.
- Risks: affordability pressure relative to incomes, below-average school ratings, and safety metrics below national benchmarks.