| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 64th | Good |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3044 Kingsbridge Ave, Bronx, NY, 10463, US |
| Region / Metro | Bronx |
| Year of Construction | 1973 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3044 Kingsbridge Ave, Bronx Multifamily Investment
Urban-core location with stable neighborhood occupancy and deep renter demand, according to WDSuite’s CRE market data. Proximity to daily amenities supports leasing durability for small-unit product in the Bronx.
The property sits in an Urban Core pocket of the Bronx rated A and ranked 77th out of 889 metro neighborhoods — a top quartile position that signals strong fundamentals for multifamily. Amenity access is a standout: dining, groceries, parks, pharmacies, and cafes score in the upper national percentiles, which typically helps support retention and everyday convenience.
Neighborhood occupancy is high and has trended up over the last five years, placing the area in the top quartile nationally for stability. Within a 3-mile radius, the renter-occupied share is very high, indicating a deep tenant base and steady demand for professionally managed units. Median contract rents in the neighborhood are above national norms while the rent-to-income profile suggests manageable affordability pressure, supporting lease performance.
Within a 3-mile radius, households have grown even as population has been roughly flat to slightly down, and forecasts point to modest population growth with a continued increase in households and smaller average household sizes. For investors, that implies a larger tenant pool over time and diversified demand across singles and small households, which aligns with efficiency-oriented product. These dynamics, paired with strong amenity density, are favorable in comparative commercial real estate analysis.
Ownership costs in the neighborhood are elevated relative to incomes, a common pattern in New York that sustains reliance on rental housing and can reinforce pricing power for well-managed assets. School ratings are weaker than national averages, which may be a consideration for family-oriented leasing strategies, but the area’s workforce orientation and access to services help underpin occupancy.
Safety metrics for the neighborhood sit below the metro average and are weaker than national benchmarks, based on WDSuite’s data. That said, recent trends show a notable year-over-year decline in property-related offenses, suggesting some improvement in conditions. As with most Urban Core areas, experiences can vary by block and time of day; investors typically underwrite enhanced on-site lighting, access controls, and active management to support resident comfort and retention.
- Cognizant — technology services (5.2 miles)
- Cognizant Technology Solutions — technology services (5.2 miles) — HQ
- Disney ABC Television Group — media (8.3 miles)
- Loews — hospitality & holdings (8.6 miles) — HQ
- Ralph Lauren — apparel & retail (8.6 miles) — HQ
Nearby corporate offices broaden the white-collar employment base and commuting options for residents, supporting weekday demand and lease retention. This list reflects technology services, media, hospitality, and apparel firms within a commutable radius.
3044 Kingsbridge Ave offers investors exposure to a top-quartile Bronx neighborhood with high occupancy, dense amenities, and a renter-driven housing stock. Elevated ownership costs in the area help sustain reliance on rentals, while rent-to-income dynamics point to manageable affordability pressure that can support lease retention. Based on CRE market data from WDSuite, neighborhood occupancy remains strong relative to national norms, and household formation within a 3-mile radius is expanding even as average household sizes decline—factors that typically broaden the tenant pool for smaller-format units.
The area’s extensive amenity access and proximity to major corporate offices across technology and media underpin weekday leasing stability. Investors should account for below-average school ratings and safety metrics by emphasizing professional management, security measures, and community features that resonate with workforce renters. Light modernization and operational focus can further differentiate the asset against older local stock.
- High neighborhood occupancy and deep renter concentration support demand stability.
- Amenity-rich Urban Core location aids retention and pricing power.
- Household growth within 3 miles and smaller household sizes expand the tenant base.
- Elevated ownership costs reinforce reliance on rentals relative to buying.
- Risks: below-average safety and school ratings warrant conservative underwriting and active management.