| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 25th | Poor |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 370 Saint Anns Ave, Bronx, NY, 10454, US |
| Region / Metro | Bronx |
| Year of Construction | 1910 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
370 Saint Anns Ave, Bronx NY — 20-Unit Multifamily Positioning
In an Urban Core pocket with high renter-occupied housing and historically strong neighborhood occupancy, this asset benefits from durable tenant demand, according to WDSuite’s CRE market data and commercial real estate analysis.
Located in the Bronx Urban Core, the neighborhood scores a B overall and is competitive among New York-Jersey City-White Plains neighborhoods (rank 361 of 889). Occupancy in the neighborhood is in the top quartile nationally and competitive locally (rank 171 of 889), reinforcing stability for multifamily assets. Renter-occupied housing comprises a very high share of units in this area, indicating a deep tenant base for smaller apartments.
Amenity density is a strength: grocery and pharmacy access sit at the 100th percentile nationally, with restaurants and parks also testing at high percentiles. For investors, this supports resident convenience and retention, particularly for workforce renters who value short walks to daily needs. Average school ratings trail national benchmarks, which is typical for dense urban submarkets and should be considered in positioning.
The property s 2007 vintage is newer than the neighborhood s average construction year (1972). That relative youth can offer competitive positioning versus older stock; however, mid-life capital items and selective modernization should be underwritten to sustain leasing velocity.
Within a 3-mile radius, households have grown in recent years and are projected to continue increasing through 2028, while average household size trends smaller. This combination suggests a larger renter pool and steady demand for compact units. Elevated home values in the neighborhood (high-cost ownership market relative to national norms) tend to sustain reliance on multifamily rentals, supporting pricing power and lease-up consistency for well-managed properties.
Safety indicators are mixed and warrant prudent underwriting. Compared with neighborhoods nationwide, the area sits below average for safety, while within the New York-Jersey City-White Plains metro it is around the middle of the pack to somewhat weaker (crime rank 469 of 889). Recent trend data show violent incidents moving lower year over year, which is constructive, but property-related incidents have seen a short-term uptick. Operators should plan for appropriate security measures and insurance assumptions.
Proximity to Midtown and major corporate nodes supports commuter convenience and renter retention. Nearby employment centers include media, airlines, retail/apparel, and consumer goods offices, which together broaden the demand base for workforce and service-oriented renters.
- Disney ABC Television Group corporate offices (4.3 miles)
- Jetblue Airways corporate offices (4.3 miles) HQ
- Loews corporate offices (4.3 miles) HQ
- Ralph Lauren corporate offices (4.3 miles) HQ
- Estee Lauder corporate offices (4.4 miles) HQ
This 20-unit asset aligns with a renter-heavy Bronx submarket where neighborhood occupancy is competitive within the metro and in the top quartile nationally, supporting income stability. The 2007 vintage provides an edge over older local stock while still calling for mid-life capital planning to maintain positioning. Dense retail and services at national peak percentiles strengthen day-to-day convenience and contribute to lease retention. Elevated ownership costs in the neighborhood point to sustained reliance on rentals, and, according to CRE market data from WDSuite, neighborhood NOI-per-unit benchmarks sit in the top quartile nationally, reinforcing the area s income potential for well-managed properties.
Investor considerations include affordability pressure, as rent-to-income ratios are elevated, and safety metrics that trend weaker than national averages despite recent improvement in violent incident trends. Underwriting should incorporate measured rent growth, resident retention strategies, and appropriate security and insurance assumptions.
- Competitive neighborhood occupancy and deep renter-occupied housing base support steady leasing
- 2007 vintage offers relative competitiveness versus older local stock with manageable mid-life capex planning
- Exceptional amenity access (grocers, pharmacies, dining) enhances retention and renter appeal
- High-cost ownership market sustains reliance on rentals, supporting pricing power for well-managed assets
- Risks: elevated rent-to-income ratios and below-average safety metrics call for conservative underwriting and active management