| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 64th | Good |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2475 Palisade Ave, Bronx, NY, 10463, US |
| Region / Metro | Bronx |
| Year of Construction | 1932 |
| Units | 24 |
| Transaction Date | 2000-01-31 |
| Transaction Price | $2,477,500 |
| Buyer | COHEN ROBERT A |
| Seller | 2475 PALISADES LLC |
2475 Palisade Ave Bronx Multifamily Opportunity
Neighborhood metrics point to strong renter demand and high occupancy, according to WDSuite’s CRE market data, supporting stable performance for well-located assets in the Bronx. These indicators reflect submarket dynamics, not the property’s own operations.
Situated in an Urban Core setting of the New York–Jersey City–White Plains metro, the neighborhood around 2475 Palisade Ave carries an A rating and ranks 77th out of 889 metro neighborhoods, placing it in the top quartile among metro peers. Amenity access is a standout: restaurants, cafés, grocery stores, pharmacies, and parks all index in the high national percentiles, helping support daily convenience and lifestyle appeal that can aid lease retention.
Renter demand fundamentals are favorable at the neighborhood level, with occupancy trending strong (87th percentile nationally) and the share of housing units that are renter-occupied ranking high versus metro peers. For investors, this depth of renter households underpins a steady tenant base and supports occupancy stability through cycles. Median contract rents have risen over the past five years, while rent-to-income levels indicate manageable affordability pressure by big-city standards, which can support pricing discipline without overextending residents.
Within a 3-mile radius, demographic data show a nuanced picture: total population edged lower over five years, yet household counts increased and average household size declined. For multifamily, a rising household count with smaller household sizes typically translates into a larger tenant pool and consistent absorption of appropriately sized units. The neighborhood’s median home values sit in a high-cost ownership context for the Bronx, which often sustains reliance on rental housing and can reinforce lease retention for competitively positioned properties.
Vintage also supports competitive positioning. Built in 2010, the property is newer than the area’s average construction year (1972), offering an edge versus older stock. Investors should still plan for mid-life capital items and selective modernization to maintain positioning against continued new supply across the broader metro.
Safety indicators are mixed when viewed against national benchmarks. Overall crime levels score below the national median (32nd percentile), and violent and property offense rates sit in lower national percentiles, signaling a tougher baseline than many U.S. neighborhoods. That said, recent trend data show a notable year-over-year decline in estimated property offenses, an encouraging directional improvement for operators monitoring resident sentiment and retention.
These figures reflect neighborhood-level patterns across the New York–Jersey City–White Plains metro rather than conditions on a specific block. Investors typically account for on-site security measures, building access controls, and active property management practices to mitigate localized risk and support leasing performance.
Nearby corporate offices across northern Manhattan and Midtown anchor a diversified employment base that supports renter demand through commute convenience and professional services jobs. The employers below represent accessible job nodes that can contribute to leasing depth and retention.
- Cognizant Technology Solutions — IT & consulting (4.4 miles) — HQ
- Disney ABC Television Group — media & entertainment (8.0 miles)
- Loews — diversified holdings (8.4 miles) — HQ
- Time Warner — media & entertainment (8.4 miles) — HQ
- Estee Lauder — beauty & consumer products (8.5 miles) — HQ
This 24‑unit, 2010-vintage asset benefits from a neighborhood with high occupancy and strong renter concentration, according to CRE market data from WDSuite. Amenity density scores in the top national percentiles, supporting resident convenience and lease retention, while a high-cost ownership landscape in the Bronx helps sustain rental demand. Within a 3-mile radius, household counts have risen even as average household size declines, pointing to a larger tenant base for efficiently sized units like the building’s average 648 sq. ft. residences.
Relative to older local stock (average vintage 1972), the property’s newer construction can compete effectively on resident expectations, with targeted mid-life capital planning to preserve positioning. Directionally rising rents and manageable rent-to-income dynamics at the neighborhood level support disciplined pricing, though operators should balance growth with retention, especially as safety indicators remain below national medians despite recent improvement in property offense trends.
- High neighborhood occupancy and renter concentration support stable leasing
- 2010 construction offers competitive positioning versus older area stock
- Dense amenities and employment access enhance retention and demand
- Household growth within 3 miles expands the renter pool for smaller units
- Risk: below-median national safety metrics require active management and resident engagement