| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 19th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2311 Tiebout Ave, Bronx, NY, 10458, US |
| Region / Metro | Bronx |
| Year of Construction | 2013 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2311 Tiebout Ave, Bronx — Multifamily Investment Position
Neighborhood fundamentals support stable renter demand, with high renter-occupied share and strong occupancy at the neighborhood level, according to WDSuite’s CRE market data. Newer construction relative to nearby stock positions this 20-unit asset competitively for retention and leasing.
Situated in the Urban Core of the Bronx within the New York–Jersey City–White Plains metro, the neighborhood rates a B and is competitive among 889 metro neighborhoods (ranked 398), per WDSuite. Retail and daily-needs access are a clear strength: grocery, restaurants, cafes, parks, and pharmacies all sit at the highest national percentiles, supporting convenience and day-to-day livability that helps leasing and renewal conversations.
At the neighborhood level, occupancy trends are favorable, with occupancy near the high end of metro performance and rising modestly over the last five years. The share of renter-occupied housing is very high, indicating depth in the tenant base for multifamily product and supporting demand stability. Home values are elevated (near the top nationally), signaling a high-cost ownership market that can reinforce reliance on rental housing and support pricing power for well-positioned units.
Demographic statistics aggregated within a 3-mile radius show households increasing even as average household size edges lower. This combination typically expands the renter pool and supports occupancy stability. Income measures in the radius are rising over time, and rents have advanced, though lease management should account for affordability pressure given neighborhood-level rent-to-income readings.
The property’s 2013 vintage is newer than the area’s older housing stock (average vintage mid-20th century), offering relative competitiveness versus legacy buildings while still warranting typical mid-life system maintenance planning over a hold. For investors conducting commercial real estate analysis, the amenity density and workforce proximity are tangible drivers of day-to-day demand.
Safety indicators sit below national medians for comparable urban neighborhoods, and the area ranks near the middle of the pack within the 889-neighborhood metro. Recent trends show year-over-year declines in both violent and property offense estimates, which is a constructive directional signal. Investors should underwrite security measures and tenant communication accordingly, while recognizing the improving momentum at the neighborhood level.
Proximity to major Midtown employment nodes supports commuter convenience and a broad renter base. Notable nearby employers include Cognizant Technology Solutions, Disney ABC Television Group, Loews, Ralph Lauren, and Est e9e Lauder.
- Cognizant Technology Solutions — corporate offices (5.85 miles) — HQ
- Disney ABC Television Group — media (7.24 miles)
- Loews — diversified holdings (7.45 miles) — HQ
- Ralph Lauren — apparel & lifestyle (7.51 miles) — HQ
- Estee Lauder — beauty & cosmetics (7.54 miles) — HQ
Built in 2013 with 20 units averaging roughly 481 square feet, the property offers a newer option in an older-housing Bronx submarket, supporting competitive positioning versus legacy assets. Neighborhood-level occupancy is strong and renter concentration is high, which together point to demand depth and leasing stability. Elevated ownership costs locally further sustain reliance on multifamily rentals.
Within a 3-mile radius, households are expanding and average household size is trending smaller, which typically enlarges the renter pool. Rents have moved upward alongside incomes, but rent-to-income levels suggest prudent lease management. According to CRE market data from WDSuite, amenity density and proximity to major employers underpin consistent renter demand, while recent crime trends have moved in a positive direction.
- Newer 2013 vintage versus older neighborhood stock supports competitive positioning and lower immediate capex needs.
- High neighborhood occupancy and strong renter-occupied share indicate depth of tenant demand and retention potential.
- Elevated ownership costs locally reinforce reliance on rentals and support pricing power for well-run assets.
- Amenity-rich urban core with access to major employers supports leasing and renewal activity.
- Risk: Affordability pressure and below-median safety metrics warrant conservative underwriting and active property management.