| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 25th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2311 Beaumont Ave, Bronx, NY, 10458, US |
| Region / Metro | Bronx |
| Year of Construction | 1913 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2311 Beaumont Ave, Bronx — Multifamily Investment Thesis
Neighborhood occupancy remains solid and renter demand is deep, according to WDSuite’s CRE market data, positioning this asset for stable leasing in an Urban Core pocket of the Bronx. The investment angle centers on durable tenant demand supported by strong amenity density and a predominantly renter-occupied housing base.
The property sits in an Urban Core neighborhood of the Bronx with a B neighborhood rating that is competitive among 889 New York–Jersey City–White Plains metro neighborhoods. Amenity access is a clear strength: cafes, groceries, restaurants, parks, and pharmacies are abundant by national standards, supporting daily convenience and livability that help multifamily assets retain tenants.
Neighborhood occupancy is 94.3% and has been broadly stable in recent years at the neighborhood level. The share of housing units that are renter-occupied is very high, indicating a sizable tenant base and helping support leasing velocity and renewal prospects. Compared with older local housing stock (average build year 1966), 2311 Beaumont Ave’s 1992 vintage is newer than much of the immediate competitive set, suggesting relative competitiveness versus older buildings while still warranting periodic system upgrades to maintain appeal.
Within a 3-mile radius, recent demographic patterns show households increasing even as average household size edges lower — a combination that tends to expand the renter pool and support occupancy stability. Forward-looking projections indicate further household growth over the next five years alongside rising incomes, which can underpin rent performance and reduce turnover risk when paired with disciplined lease management. In a high-cost ownership context for the borough, elevated home values sustain renter reliance on multifamily housing, reinforcing depth of demand rather than competing directly with ownership options.
From an investor lens, NOI per unit in the neighborhood ranks strong nationally, aligning with the submarket’s amenity fundamentals and renter concentration. School quality trends are weaker than national averages, which may be a consideration for family-oriented demand, but proximity to jobs and services supports steady occupancy for workforce and convenience-driven renters. These dynamics, based on commercial real estate analysis from WDSuite, frame a durable demand backdrop for well-managed multifamily assets.
Safety outcomes in this Bronx neighborhood track below national benchmarks but are roughly around the metro middle of the pack among 889 neighborhoods. Recent data indicates year-over-year declines in both violent and property incidents, suggesting gradual improvement, yet overall levels remain elevated compared with many neighborhoods nationwide. Investors should underwrite with conservative assumptions for security posture and operating protocols, and monitor ongoing trend direction at the neighborhood level.
The area draws from a broad Midtown and Queens employment base that supports renter demand via short commutes to technology services, media, hospitality, and airline corporate offices. Nearby anchors include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and JetBlue Airways.
- Cognizant — technology services (6.5 miles)
- Cognizant Technology Solutions — technology services (6.5 miles) — HQ
- Disney ABC Television Group — media & broadcasting (7.4 miles)
- Loews — hospitality holding company (7.5 miles) — HQ
- Jetblue Airways — airline corporate offices (7.6 miles) — HQ
2311 Beaumont Ave is a 40-unit, 1992-vintage asset positioned in a renter-heavy Bronx neighborhood where amenity density and neighborhood occupancy support leasing durability. The asset’s vintage is newer than much of the local stock, offering relative competitive positioning versus older walk-ups while leaving room for targeted modernization to enhance rents and retention. Based on CRE market data from WDSuite, neighborhood occupancy remains healthy and renter concentration is high, reinforcing a deep tenant base.
Within a 3-mile radius, household counts have risen and are forecast to increase further as average household size trends lower, expanding the renter pool and supporting steady absorption. A high-cost ownership environment in the borough tends to sustain demand for rentals; however, income sensitivity and rent-to-income pressure require attentive pricing and renewal strategies. Safety metrics are improving but still lag national benchmarks, so underwriting should reflect ongoing investment in security and resident experience.
- Renter-heavy neighborhood and stable occupancy support leasing durability
- 1992 construction is newer than the area’s average stock, with value-add potential through targeted upgrades
- Amenity-rich Urban Core location aids tenant retention and day-to-day convenience
- 3-mile household growth and smaller household sizes expand the renter pool, supporting occupancy
- Risks: below-national safety benchmarks and affordability pressure call for prudent underwriting and proactive operations