| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Poor |
| Demographics | 28th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 432 E 156th St, Bronx, NY, 10455, US |
| Region / Metro | Bronx |
| Year of Construction | 1916 |
| Units | 26 |
| Transaction Date | 1997-09-25 |
| Transaction Price | $290,000 |
| Buyer | LONGFELLOW HALL LLC |
| Seller | 432 EAST 156TH STREET REALTY CO LLC |
432 E 156th St Bronx Multifamily Investment
Urban core location with strong neighborhood occupancy and a deep renter base supports income stability, according to WDSuite s CRE market data. Neighborhood metrics indicate durable renter demand rather than property-specific performance.
Situated in the Bronx s Urban Core within the New York Jersey City White Plains metro, the neighborhood scores a B with a rank of 378 among 889 metro neighborhoods competitive among peers and above the metro median. Amenity access is a clear strength: grocery, parks, restaurants, and pharmacies all sit in the top quartile nationally, reinforcing daily convenience that helps leasing and retention for workforce housing.
Neighborhood occupancy is high (top decile nationally), indicating stable renter demand relative to national CRE trends. The area also shows a pronounced renter concentration roughly nine in ten housing units are renter-occupied which deepens the tenant pool and supports leasing velocity. Median contract rents in the neighborhood trend around the national middle, while rent growth over recent years has been positive; paired with a high rent-to-income environment, this suggests careful lease management to balance pricing power with retention.
Within a 3-mile radius, demographics show households have grown in recent years with expectations for further household expansion and smaller average household sizes over the next five years. This pattern typically enlarges the renter pool and can support occupancy stability and turnover management for smaller-unit product. Median school ratings trail national averages, so resident preferences may skew toward access to transit and amenities over school-driven location choices a consideration for marketing and unit mix strategy.
The building vintage (1999) is newer than the neighborhood s older housing stock (average vintage near the early 1970s), offering relative competitiveness versus legacy properties while still warranting planning for modernization of systems and common areas. Neighborhood operating performance is strong: NOI per unit sits in the top 5% nationally, based on CRE market data from WDSuite, underscoring supportive fundamentals for professionally managed multifamily.
Safety outcomes in this neighborhood trend below national averages, with national safety percentiles indicating comparatively higher reported offense rates than many U.S. neighborhoods. Within the New York Jersey City White Plains metro (889 neighborhoods), the area does not rank among the safer cohorts. Recent data show a year-over-year decline in estimated violent offenses, which is a constructive directional signal, but investors should continue to underwrite to location-specific security measures and operating practices.
Proximity to Midtown and Manhattan corporate nodes broadens the commuter base, supporting renter demand and retention for workforce and service professionals. Nearby employment centers include media, consumer brands, and finance, all within roughly five miles.
- Disney ABC Television Group media (4.7 miles)
- Loews diversified holdings (4.8 miles) HQ
- Ralph Lauren apparel & retail offices (4.9 miles) HQ
- Estee Lauder beauty & consumer goods (4.9 miles) HQ
- Icahn Enterprises investment holding company (5.0 miles) HQ
432 E 156th St benefits from Urban Core fundamentals: high neighborhood occupancy, a substantial share of renter-occupied units, and top-tier amenity density that supports day-to-day convenience and leasing stability. The 1999 construction is relatively newer than much of the surrounding stock, positioning the asset competitively versus older buildings while creating a clear path for targeted upgrades to enhance rent roll and retention. According to CRE market data from WDSuite, local operating metrics, including NOI per unit and occupancy at the neighborhood level, compare favorably to national benchmarks, indicating supportive conditions for professionally managed multifamily.
Investor considerations include elevated rent-to-income ratios that call for disciplined pricing and renewal strategies, school ratings that may weigh less in resident decision-making than access and commute, and safety metrics that warrant appropriate on-site protocols. Demographic trends within a 3-mile radius point to household growth and smaller household sizes over the next several years, which typically expands the renter pool and can support stable occupancy for efficiently sized units.
- High neighborhood occupancy and deep renter base support income durability
- 1999 vintage offers competitive positioning versus older stock with value-add modernization potential
- Amenity-rich Urban Core location aids leasing velocity and retention
- 3-mile household growth and smaller sizes point to a larger renter pool
- Risks: elevated rent-to-income and below-average safety metrics require prudent lease and operating controls