| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 54th | Fair |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4350 Katonah Ave, Bronx, NY, 10470, US |
| Region / Metro | Bronx |
| Year of Construction | 1927 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4350 Katonah Ave, Bronx NY Multifamily Investment
Neighborhood metrics point to consistent renter demand and high occupancy stability in the immediate area, according to WDSuite’s CRE market data. These statistics describe the surrounding neighborhood rather than the property’s own occupancy.
Situated in the Bronx Urban Core the area surrounding 4350 Katonah Ave benefits from strong daily-needs access: grocery and pharmacy density ranks among the highest nationally, while restaurants are plentiful; café density is limited. Based on WDSuite s commercial real estate analysis, this mix supports convenience-driven renting even as lifestyle retail varies block to block.
Occupancy in the neighborhood remains elevated and has trended up over the past five years, with the local occupancy rate measured for the neighborhood (not the property) ranking above metro median and in the upper national range. A renter-occupied share near six in ten housing units indicates a deep tenant base, which can support leasing velocity and reduce downtime across cycles.
Home values in the neighborhood are elevated relative to incomes, a high-cost ownership backdrop that tends to sustain multifamily demand and reinforce lease retention. Median asking rents track toward the higher end nationally, so operators should balance pricing power with affordability management to limit turnover risk.
Within a 3-mile radius, households have increased while total population edged slightly lower in recent years, signaling smaller average household sizes and potential support for a larger renter pool. Forward-looking data indicates further growth in households and incomes in the 3-mile radius, which can broaden the local demand base for well-operated units.
The property s 2000 vintage is newer than the neighborhood s older housing stock (average vintage mid-20th century), positioning it competitively versus legacy walk-ups; investors should still plan for system modernization and common-area refresh to meet current renter expectations.
Safety indicators for the neighborhood trend weaker than both metro and national benchmarks. The area ranks 458 out of 889 metro neighborhoods for overall crime, placing it below the metro median and in the lower national percentiles for safety. Violent offense rates benchmark near the bottom nationally, while property offense levels are also elevated.
Recent trend data shows a one-year decline in estimated property offenses, suggesting incremental improvement, but conditions remain a monitoring item for landlords and lenders. Investors typically address this through lighting, access controls, and coordination with local property management practices rather than relying on block-level changes.
Nearby corporate offices create a diversified commuter base that can support renter retention for workforce and professional tenants. The list below highlights technology services, media, hospitality, and apparel headquarters and offices within an approximately 7 miles to 11 miles commute.
- Cognizant technology services (7.5 miles)
- Cognizant Technology Solutions technology services (7.5 miles) HQ
- Disney ABC Television Group media (10.6 miles)
- Loews hospitality & holding company (10.8 miles) HQ
- Ralph Lauren apparel (10.9 miles) HQ
4350 Katonah Ave offers exposure to a Bronx neighborhood with high neighborhood occupancy and a substantial renter-occupied share, supporting leasing durability across cycles. Elevated home values relative to income levels point to a high-cost ownership market that can sustain reliance on multifamily rentals. According to CRE market data from WDSuite, neighborhood occupancy ranks in the upper national range and above the metro median, while dining and daily-needs access are strong, reinforcing day-to-day livability for renters.
Built in 2000, the asset is materially newer than the mid-century average in the surrounding housing stock, providing relative competitiveness versus older product, though planning for system updates and common-area refresh remains prudent. Within a 3-mile radius, households have grown and are projected to expand further alongside rising incomes, indicating a larger tenant base over time; operators should balance rent setting with observed rent-to-income levels to support retention.
- High neighborhood occupancy and deep renter concentration support lease-up and renewal stability
- 2000 vintage competes well versus older local stock; targeted modernization can drive positioning
- Elevated ownership costs in the area reinforce multifamily demand and pricing power
- 3-mile household and income growth expands the future renter pool and supports occupancy
- Risks: below-average safety metrics and varied school ratings require active management and calibrated underwriting