| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 26th | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2269 Hampden Pl, Bronx, NY, 10468, US |
| Region / Metro | Bronx |
| Year of Construction | 1926 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2269 Hampden Pl, Bronx NY Multifamily Investment
Neighborhood occupancy trends sit in the top quartile nationally with a deep renter base, according to WDSuite’s CRE market data. This combination points to durable tenant demand and steady leasing for a 56‑unit asset in the Bronx.
Livability supports multifamily demand in this Urban Core location. Amenity access is a clear strength: neighborhood measures for restaurants, cafes, parks, groceries, and pharmacies place in the upper national percentiles, signaling daily‑needs convenience that helps retention and leasing velocity (based on CRE market data from WDSuite). Average school ratings trend below national norms, which may weigh more on family‑oriented product than on smaller unit mixes.
From an investment standpoint, occupancy for the neighborhood ranks 142 out of 889 metro neighborhoods, placing it in the top quartile nationally and above the metro median. That backdrop, coupled with a very high renter‑occupied share of housing units (around 87% in the neighborhood), indicates a broad tenant pool and supports income stability for professionally managed properties.
The property’s 1987 vintage is newer than the neighborhood’s older housing stock (average vintage around the early 1950s). That relative youth can be a competitive edge versus pre‑war buildings, though investors should still underwrite targeted system upgrades and modernization to meet current renter expectations.
Within a 3‑mile radius, demographics show households increasing while average household size trends lower. Even with relatively flat population, more households point to a larger renter base over time, which typically supports occupancy and reduces lease‑up risk for well‑positioned units. Neighborhood rents sit above national medians and have posted solid five‑year growth, while NOI per unit benchmarks are competitive among metro peers, reinforcing the area’s income profile for stabilized assets.
Safety indicators should be evaluated with care. Compared with neighborhoods nationwide, this area sits in lower national safety percentiles, and its overall crime rank is 411 out of 889 metro neighborhoods—below the metro median. For investors, this typically translates to heightened emphasis on on‑site management, access control, and partnership with local community resources.
Recent directionality is constructive: estimated violent and property offense rates have declined over the past year. While these are neighborhood‑level trends (not property‑specific), continued improvement can support resident retention and leasing, particularly when paired with standard multifamily safety measures.
Proximity to major Manhattan employment nodes supports commuter convenience and renter demand, with nearby offices spanning IT services, media, hospitality, and apparel. Key employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — IT services (5.0 miles)
- Cognizant Technology Solutions — consulting & technology (5.1 miles) — HQ
- Disney ABC Television Group — media (7.1 miles)
- Loews — hospitality (7.4 miles) — HQ
- Ralph Lauren — apparel (7.4 miles) — HQ
2269 Hampden Pl offers scale at 56 units with an average unit size oriented toward efficient layouts, aligning with renter demand in a neighborhood where occupancy ranks above the metro median and in the top quartile nationally. According to CRE market data from WDSuite, the surrounding area exhibits strong amenity access and a very high share of renter‑occupied housing units, reinforcing depth of the tenant base and supporting income stability for well‑managed assets.
The 1987 construction is newer than much of the local housing stock, suggesting relative competitiveness versus older buildings while still warranting targeted modernization to drive rents and retention. Within a 3‑mile radius, households are increasing and average household size is trending down, which typically expands the renter pool and supports occupancy. Elevated rent‑to‑income ratios in the neighborhood point to affordability pressure, making thoughtful lease management and value engineering important; at the same time, ownership costs remain high enough to sustain reliance on rental housing, supporting steady demand.
- Occupancy strength: neighborhood rank 142 of 889 places the area above the metro median and in the national top quartile.
- Deep renter pool: very high renter‑occupied share supports leasing velocity and renewal depth.
- Competitive positioning: 1987 vintage is newer than much of the local stock; targeted upgrades can unlock value.
- Amenity‑rich Urban Core: strong access to groceries, parks, cafes, and services aids retention.
- Risks: affordability pressure (high rent‑to‑income) and below‑average school ratings require careful lease management and product strategy.