| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 19th | Poor |
| Amenities | 37th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3514 Rochambeau Ave, Bronx, NY, 10467, US |
| Region / Metro | Bronx |
| Year of Construction | 1927 |
| Units | 45 |
| Transaction Date | 2005-01-07 |
| Transaction Price | $3,117,618 |
| Buyer | 3514 ROCHAMBEAU LLC |
| Seller | ROCH CLUB MANAGEMENT CORP |
3514 Rochambeau Ave Bronx Multifamily Value-Add Opportunity
Neighborhood occupancy sits in the low-90% range, supporting leasing stability, according to WDSuite’s CRE market data, with a deep renter pool typical of the Bronx Urban Core. This positioning can favor steady cash flow while leaving room for targeted upgrades to enhance competitiveness.
Situated in the Bronx Urban Core, the property benefits from dense multifamily demand drivers and a renter-oriented housing base in the immediate area. Within a 3-mile radius, roughly three-quarters of housing units are renter-occupied, indicating a sizable tenant base that can support occupancy stability. Neighborhood occupancy trends are above the national median, while median contract rents remain moderate for New York City standards, based on CRE market data from WDSuite.
Local amenity access is mixed: park access performs in the top quartile nationally, while restaurants and groceries track above national medians. Broader amenity density ranks below many New York metro neighborhoods (ranked near the bottom among 889 metro neighborhoods), suggesting residents may rely on nearby corridors for a fuller mix of services. School ratings are not available here; investors should underwrite education access through submarket-level checks rather than block-level assumptions.
Vintage is a relative differentiator: built in 1991 versus much of the surrounding stock dating to the late 1940s, the asset is newer than many nearby buildings. This can enhance competitive positioning versus older walk-up inventory, though investors should still plan for system modernization and common-area refreshes appropriate for early-1990s construction.
Demographic statistics aggregated within a 3-mile radius show households have grown recently and are projected to expand further even as average household size trends smaller. This points to a gradually broadening renter base and unit-mix flexibility that can support occupancy, renewals, and lease-up pacing relative to older stock.
Safety outcomes in this neighborhood trail national averages, with both property and violent offense rates comparing unfavorably to neighborhoods nationwide. However, recent estimates indicate a meaningful year-over-year decline in violent incidents, suggesting improvement momentum that investors should track as part of underwriting and resident retention planning.
At the metro level, this area is not among the stronger-ranked neighborhoods for safety when compared across 889 New York-area neighborhoods. For durable performance, prudent measures such as lighting, access control, and community engagement can help support resident experience alongside ongoing citywide trend improvements.
Proximity to major Manhattan employment nodes supports commuter convenience and a broad renter catchment, particularly in media, consumer brands, airlines, and IT services. The following nearby employers help underpin demand and lease retention for workforce housing.
- Cognizant Technology Solutions — IT services (6.7 miles) — HQ
- Disney ABC Television Group — media (9.2 miles)
- Loews — conglomerate (9.4 miles) — HQ
- Estee Lauder — consumer goods (9.5 miles) — HQ
- Jetblue Airways — airline (9.6 miles) — HQ
3514 Rochambeau Ave combines a renter-heavy location with occupancy in the low-90% range at the neighborhood level, supporting day-one stability while leaving room to push performance via operational execution. Built in 1991, the asset is newer than much of the nearby housing stock, which can aid leasing and renewal outcomes versus older product, though investors should plan for targeted system updates typical of early-1990s construction. According to CRE market data from WDSuite, neighborhood amenities are strongest in parks and everyday needs like groceries and restaurants, with broader amenity density less competitive than core Manhattan—an underwriting consideration for positioning and marketing.
Demographic statistics within a 3-mile radius point to a large and expanding household base and smaller average household sizes over time, supporting a deeper tenant pool and sustained demand for smaller formats. Investors should balance these positives against area safety that trails national benchmarks and elevated rent-to-income signals nearby, which call for attentive lease management and renewal strategies.
- Renter-oriented location with neighborhood occupancy in the low-90% range supports leasing stability
- 1991 construction offers relative competitiveness versus older stock, with targeted modernization upside
- 3-mile demographics indicate an expanding household base and a growing renter pool, aiding absorption
- Everyday amenities (parks, groceries, restaurants) compare well nationally; broader amenity depth requires positioning
- Risks: area safety below national norms and affordability pressure imply close attention to renewals and retention