| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 43rd | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2260 Barker Ave, Bronx, NY, 10467, US |
| Region / Metro | Bronx |
| Year of Construction | 1997 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2260 Barker Ave Bronx Multifamily Investment Opportunity
The neighborhood’s high share of renter-occupied housing supports a durable tenant base and steady leasing, according to WDSuite’s CRE market data, aiding occupancy stability for this asset. With an urban core location and consistent renter demand, the property is positioned for reliable performance.
Located in the Urban Core of the Bronx, the neighborhood is competitive among New York–Jersey City–White Plains metro neighborhoods (ranked 325 out of 889) with a B+ neighborhood rating. Dense retail access stands out: grocery and pharmacy availability sits in the top national percentiles, reinforcing everyday convenience that supports renter retention and leasing velocity.
Amenity density is a strength, with restaurants and cafes ranking in the upper national percentiles and childcare access also strong. Park access is limited, and average school ratings trail national norms, which investors may weigh when considering family-oriented demand. Overall livability trends suggest service-rich urban living geared toward renters rather than single-family alternatives.
Rents and occupancy in the surrounding neighborhood have been above metro median tiers nationally, and the share of housing units that are renter-occupied is among the highest nationwide. For investors, that depth of renter demand supports leasing stability and a larger tenant pool. Median home values are elevated relative to local incomes (high value-to-income ratios), which generally sustains reliance on multifamily rentals and can support pricing power, while higher rent-to-income ratios warrant attentive lease management and renewal strategies.
Within a 3-mile radius, demographics show that population edged down over the last five years while households increased roughly 5%, indicating smaller household sizes and a broader base of renting households; forecasts point to modest population growth with continued household gains by 2028. These dynamics typically expand the renter pool and support occupancy resilience, based on CRE market data from WDSuite.
The property’s 1998 vintage is newer than much of the area’s older housing stock (many buildings date to mid-20th century), giving it competitive positioning versus legacy assets. Investors should still plan for system updates and selective renovations to keep finishes and building systems market-relevant.
Safety indicators are mixed relative to the region and nation. Compared with the metro (889 neighborhoods), the area sits slightly below the metro median on crime (rank 426 of 889, where lower ranks indicate more crime). Nationally, overall safety trends are below average, with violent offense metrics in weaker national percentiles. Investors should underwrite prudent security measures and tenant screening to manage risk.
A constructive note: estimated property offenses declined year over year, indicating some improvement in recent non-violent incident trends. As always, block-level conditions can vary within urban neighborhoods; investors may benefit from on-site observations and operating practices that emphasize lighting, access control, and responsive management.
Nearby employment anchors across media, technology, and air transportation provide a broad white-collar and operations-driven workforce, supporting renter demand and lease retention. Key employers within commuting range include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, JetBlue Airways, and Loews.
- Cognizant — technology services (7.2 miles)
- Cognizant Technology Solutions — technology services (7.3 miles) — HQ
- Disney ABC Television Group — media (8.3 miles)
- Jetblue Airways — air transportation (8.4 miles) — HQ
- Loews — diversified holdings (8.4 miles) — HQ
This 66-unit asset benefits from a renter-centric urban location with dense daily-needs amenities and a high neighborhood share of renter-occupied housing, supporting a deep tenant base and occupancy stability. Median home values relative to incomes point to a high-cost ownership landscape, which typically sustains multifamily demand and can support pricing discipline when paired with attentive lease management. Based on CRE market data from WDSuite, neighborhood occupancy and rent levels sit in healthy national tiers, reinforcing the case for durable operations.
The 1998 construction is newer than much of the local housing stock, offering competitive positioning versus older properties while leaving room for targeted value-add—modernizing interiors, common areas, and building systems to meet current renter preferences and reduce long-run CapEx volatility. Demographic trends within a 3-mile radius—household growth alongside smaller household sizes—suggest a larger tenant base over time, supporting lease-up and retention.
- Renter concentration and amenity-rich setting support occupancy stability and leasing velocity.
- Elevated ownership costs relative to incomes sustain multifamily demand and pricing power.
- 1998 vintage provides competitive positioning with value-add potential via targeted modernization.
- Household growth and smaller household sizes within 3 miles expand the renter pool.
- Risks: below-average safety metrics and higher rent-to-income ratios require attentive operations and renewal strategies.