| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 25th | Poor |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 530 E 138th St, Bronx, NY, 10454, US |
| Region / Metro | Bronx |
| Year of Construction | 1906 |
| Units | 42 |
| Transaction Date | 2021-09-24 |
| Transaction Price | $17,900,000 |
| Buyer | 526-530-534 E 138 LLC |
| Seller | MEDARY STENTON ASSOCIATES |
530 E 138th St, Bronx NY Multifamily Opportunity
Workforce-oriented submarket with high renter concentration and stable neighborhood occupancy, according to WDSuite s CRE market data, supporting consistent tenant demand near major Manhattan job centers.
Situated in the Bronx s Urban Core, the neighborhood posts a high occupancy environment and deep renter base that underpin multifamily leasing. Neighborhood occupancy is competitive among 889 metro neighborhoods (ranked 171), placing performance in the top quartile nationally by WDSuite benchmarks. Renter-occupied housing comprises a very high share of units (ranked 12 of 889), indicating a sizable tenant pool and durable demand for professionally managed apartments.
Daily-needs and convenience amenities are a relative strength. The area scores in the top quartile nationally for amenity access (amenity rank 126 of 889 metro neighborhoods), with exceptionally dense grocery and pharmacy presence (both near the top of national percentiles), plus strong restaurant and childcare coverage. These dynamics typically support resident retention and reduce friction for lease-ups.
Within a 3-mile radius, demographics show a modest population pullback in recent years but projections indicate population growth alongside a notable increase in households by 2028, with smaller average household sizes. For investors, this implies a broader renter pool and incremental demand for smaller units, which can help support occupancy stability. Median incomes are rising on a forward basis in the radius, which can aid rent collections and renewal strategies as new supply competes across the metro.
Home values in the neighborhood sit in a higher-cost ownership context (around the 90th national percentile), which tends to reinforce reliance on rental housing and supports pricing power when managed carefully. At the same time, elevated rent-to-income ratios suggest affordability pressure for some cohorts; proactive lease management and renewal practices remain important. Building vintage skews older in the area, and this 1979 asset is newer than the neighborhood average (1972), offering relative competitive positioning versus older stock, while leaving room for targeted modernization to drive NOI. This overview is based on commercial real estate analysis from WDSuite.
Safety indicators should be viewed in a metro and national context. The neighborhood s crime rank sits around the middle of 889 metro neighborhoods, while national comparisons place the area below average on safety percentiles. For investors, this suggests being thoughtful about security features, on-site management presence, and partnership with local community programs.
Property offense measures trend weaker versus national peers (low national percentile), and violent offense comparisons are also weaker; however, WDSuite s data shows a recent year-over-year decrease in estimated violent offense rates, indicating directional improvement. Positioning a clear safety narrative in marketing and maintaining preventative measures can help support retention and leasing.
Proximity to Midtown and corporate offices expands the commuter tenant base and supports leasing stability for workforce renters. Notable employers within roughly four miles include media, travel, retail, and consumer goods headquarters.
- Disney ABC Television Group
- Disney ABC Television Group industry: media (3.99 miles)
- Loews industry: diversified holdings (4.0 miles) HQ
- Jetblue Airways industry: airline corporate offices (4.0 miles) HQ
- Ralph Lauren industry: apparel & lifestyle brand (4.1 miles) HQ
- Estee Lauder industry: beauty & consumer goods (4.1 miles) HQ
A 42-unit, 1979-vintage property in an Urban Core location with high renter concentration and strong amenity access positions well for durable occupancy. Neighborhood occupancy trends rank among the top quartile of 889 metro neighborhoods, and the high share of renter-occupied units indicates depth of tenant demand. Within a 3-mile radius, projections show population growth and a meaningful rise in households with smaller sizes, expanding the renter pool and supporting lease-up and renewal performance. According to CRE market data from WDSuite, ownership costs in the neighborhood remain elevated versus national norms, which tends to sustain rental reliance and supports pricing power when balanced with affordability.
Being newer than the neighborhood s average vintage provides relative competitiveness versus older stock; targeted modernization and common-area updates can further differentiate the asset. Key watch items include affordability pressure signaled by elevated rent-to-income ratios, below-average national safety percentiles, and school ratings that may influence resident mix; active management, security posture, and thoughtful renewal strategies can mitigate these risks.
- High neighborhood occupancy and deep renter-occupied share support leasing stability
- Amenity-rich Urban Core location near major Midtown employers aids retention
- 1979 vintage is newer than area average, with value-add modernization potential
- 3-mile radius outlook shows population and household growth, expanding the renter pool
- Risks: affordability pressure, below-average national safety percentiles, and modest school ratings