| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 54th | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4250 Van Cortlandt Park E, Bronx, NY, 10470, US |
| Region / Metro | Bronx |
| Year of Construction | 1941 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4250 Van Cortlandt Park E: Stable Bronx Multifamily Play
Neighborhood occupancy remains elevated and renter demand is durable in this Bronx submarket, according to WDSuite s CRE market data, providing a steady backdrop for cashflow-focused holds. Metrics referenced are for the surrounding neighborhood, not the property.
The property sits in an Urban Core pocket of the Bronx with above-metro-median neighborhood performance (A- rating; rank 219 of 889 in the New York-Jersey City-White Plains metro). According to CRE market data from WDSuite, neighborhood occupancy is strong and has trended up in recent years, supporting income stability at multifamily assets. Renter-occupied housing is a meaningful share of the stock, signaling depth in the tenant base for small and mid-sized units.
Daily-needs access is a clear advantage: grocery and pharmacy density rank in the top decile nationally, and restaurants are also highly concentrated. Caf E9 density is limited, but nearby parks are relatively abundant by national comparison, which helps overall livability. Average school ratings are below national norms, which may temper appeal for family-oriented renters but is less likely to affect demand for studios and one-bedrooms.
Home values in the neighborhood are elevated versus national averages, a high-cost ownership environment that tends to reinforce reliance on rental housing and can aid lease retention. At the same time, rent-to-income levels in WDSuite s data are manageable for the area, suggesting room for disciplined rent management without overextending affordability.
Within a 3-mile radius, demographics show a broad renter pool today and projections point to additional household growth over the next several years. Even with smaller average household sizes expected, that trend expands the addressable tenant base and generally supports occupancy stability for well-managed properties.
Asset positioning: Built in 1998, the property is newer than much of the surrounding housing stock (which skews mid-20th century). That relative vintage can be competitively favorable versus older inventory while still warranting selective modernization and systems upgrades typical of a late-1990s building to sustain rentability.
Safety indicators for the neighborhood track below the metro median (ranked in the lower half among 889 New York-Jersey City-White Plains neighborhoods) and sit in the lower national percentiles. That said, WDSuite s data shows a recent decline in property offenses year over year, indicating incremental improvement even as conditions remain a watch item.
For underwriting, investors typically account for higher security and common-area controls, emphasize tenant screening, and weigh how safety perceptions may affect leasing velocity and marketing spend relative to more secure Bronx submarkets.
The area draws from a diverse Manhattan-adjacent employment base that supports renter demand through commute convenience. Notable nearby corporate offices include Cognizant, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant corporate offices (7.0 miles)
- Cognizant Technology Solutions corporate offices (7.0 miles) HQ
- Disney ABC Television Group corporate offices (10.1 miles)
- Loews corporate offices (10.4 miles) HQ
- Ralph Lauren corporate offices (10.4 miles) HQ
This 54-unit, late-1990s asset in the Bronx benefits from a high-renter, high-amenity neighborhood where occupancy has been resilient above metro averages, according to CRE market data from WDSuite. Elevated ownership costs in the area help sustain multifamily demand and lease retention, while grocery, pharmacy, and dining density support daily convenience that many renters prioritize.
Relative to the neighborhood s older housing stock, a 1998 vintage positions the property competitively, with targeted value-add through interior refreshes and building systems updates likely to enhance rentability. Within a 3-mile radius, projections for household growth and rising incomes expand the tenant base and underpin long-term demand, even as investors should plan around below-median school ratings and safety metrics.
- Strong neighborhood occupancy and durable renter demand support income stability
- Newer-than-neighborhood vintage (1998) offers competitive positioning with selective value-add
- High-cost ownership market reinforces reliance on rentals and lease retention
- 3-mile household growth and income gains broaden the renter pool over time
- Risks: below-median safety and school ratings may require elevated operating attention