| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 28th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 E 163rd St, Bronx, NY, 10451, US |
| Region / Metro | Bronx |
| Year of Construction | 1920 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 E 163rd St, Bronx Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with metrics reflecting conditions in the surrounding Bronx neighborhood rather than this specific property.
This Urban Core Bronx neighborhood rates a B overall and shows strong renter demand drivers. Neighborhood occupancy is high and above metro median (rank 110 of 889), placing the area in the top quartile nationally for stabilized occupancy. Renter-occupied share is also elevated, signaling deep tenant depth for smaller-unit product and supporting leasing durability for workforce-oriented assets.
Amenity access is a clear strength: groceries, pharmacies, restaurants, and childcare densities are each near the top of national comparisons (99th percentile for several categories). These day-to-day conveniences typically support retention and reduce friction in leasing decisions. School ratings trend below national norms, which may tilt the renter mix toward singles and small households rather than family-driven demand.
Within a 3-mile radius, recent years show modest population stability alongside an increase in households and a downward trend in average household size. Projections indicate further household growth and smaller household sizes, which generally expands the renter pool and supports occupancy stability. Median contract rents have risen over the last five years, and neighborhood NOI per unit has outperformed most U.S. neighborhoods (95th percentile), according to WDSuite’s CRE market data.
The average neighborhood building vintage skews older (1971 average), while this asset’s 1990 construction is newer than much of the surrounding stock. That relative positioning can help competitiveness versus aging buildings, though investors should still plan for ongoing modernization and system upgrades typical for properties of this era. Ownership costs in the area are mixed; while home values are relatively lower by national standards, the very high rent-to-income ratio indicates affordability pressure for renters, suggesting careful lease management and renewal strategies will be important to sustain pricing power without elevating turnover risk.
Safety trends are mixed relative to broader benchmarks. Overall crime compares below national norms (24th percentile), and the neighborhood ranks in the lower half within the New York metro (475 out of 889). Violent offense rates benchmark poorly on a national basis, but recent year-over-year data shows an improvement in violent incidents, while property offenses have ticked higher. Investors commonly account for these conditions through on-site security measures, lighting, and resident engagement, and should underwrite operational costs accordingly.
Proximity to Midtown corporate nodes supports commuter demand and leasing stability, with a concentration of media, consumer brands, and diversified holding companies shown below.
- Disney ABC Television Group — media & entertainment (5.0 miles)
- Loews — diversified holdings (5.2 miles) — HQ
- Ralph Lauren — apparel (5.2 miles) — HQ
- Estee Lauder — beauty & cosmetics (5.2 miles) — HQ
- Icahn Enterprises — investment holding company (5.2 miles) — HQ
For a 40-unit asset built in 1990, the investment case centers on durable renter demand, competitive positioning versus older neighborhood stock, and access to high-density amenities. Neighborhood occupancy trends are strong and above the metro median, and renter concentration is high, indicating a broad tenant base for smaller floor plans. Within a 3-mile radius, an increase in households alongside smaller average household size suggests a growing renter pool that can support leasing momentum. According to CRE market data from WDSuite, neighborhood-level NOI per unit ranks among the strongest nationally, reinforcing the area’s income-generation profile even as school ratings and safety indicators are mixed.
The 1990 vintage provides a relative edge against older buildings, yet investors should expect ongoing modernization work typical for properties of this age. Affordability pressure is notable given the high neighborhood rent-to-income ratio, making thoughtful renewals and amenity-light value-add strategies important to protect retention while capturing rent growth where justified by market depth.
- High neighborhood occupancy and deep renter concentration support leasing stability
- Amenity-dense Urban Core location near major employers aids retention
- 1990 construction offers competitive positioning versus older local stock with targeted modernization upside
- Neighborhood NOI per unit outperforms most U.S. areas, per WDSuite data
- Risks: below-average safety benchmarks, lower school ratings, and renter affordability pressure require active management