| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 530 Saint Pauls Pl, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 1910 |
| Units | 45 |
| Transaction Date | 1997-12-17 |
| Transaction Price | $600,000 |
| Buyer | 3716 THIRD AVENUE LLC |
| Seller | COMO SIEMPRE INC |
530 Saint Pauls Pl Bronx Multifamily Investment
Neighborhood occupancy is historically high and renter demand is deep, supporting stable leasing conditions according to WDSuite’s CRE market data.
Situated in an Urban Core setting of the Bronx, the area around 530 Saint Pauls Pl offers dense daily-needs access — groceries, pharmacies, parks, and dining are plentiful, with amenities ranking in the top national percentiles. This concentration of conveniences tends to support resident retention and day-to-day livability for workforce renters.
Occupancy for the neighborhood is strong and competitive, landing in the top quartile among 889 metro neighborhoods and around the 90th percentile nationally. The share of housing units that are renter-occupied is very high (about 94%), indicating a deep tenant base and consistent multifamily demand rather than a primarily ownership-driven market.
Within a 3-mile radius, demographics show households have expanded over the past five years, and projections point to a further increase alongside smaller average household sizes. This combination tends to broaden the renter pool and can support occupancy stability for efficiently sized units.
Home values in the neighborhood are elevated relative to national norms, which reinforces renter reliance on multifamily housing and can support pricing power when managed carefully. The property’s 1998 vintage is newer than the neighborhood’s older housing stock, offering competitive positioning versus mid‑century assets while still warranting selective modernization and systems updates to meet current renter expectations.
Safety indicators for the neighborhood sit below national averages, so investors should underwrite appropriate security measures and resident engagement. In national comparisons, the area ranks in lower percentiles for safety, which can influence leasing strategy and operating assumptions.
Recent trends are directionally constructive: estimated violent offense rates declined year over year and property offenses also decreased. While these improvements are encouraging, a cautious, comparative approach to underwriting—benchmarked against similar New York metro neighborhoods—is prudent.
Nearby corporate offices such as Disney ABC Television Group, Cognizant, Cognizant Technology Solutions, Loews, and Ralph Lauren provide a large white‑collar employment base within commuting distance, supporting renter demand and lease retention for urban workforce households.
- Disney ABC Television Group — media (5.9 miles)
- Cognizant — IT services (6.0 miles)
- Cognizant Technology Solutions — IT services (6.1 miles) — HQ
- Loews — diversified holding company (6.1 miles) — HQ
- Ralph Lauren — apparel & lifestyle (6.1 miles) — HQ
530 Saint Pauls Pl offers exposure to a high-occupancy, renter-heavy Bronx neighborhood with dense amenities and proximity to major Manhattan employers. Based on CRE market data from WDSuite, neighborhood occupancy trends sit in the metro’s top quartile and nationally strong percentiles, while elevated ownership costs locally reinforce reliance on rental housing. The 1998 vintage is newer than much of the area’s housing stock, creating a competitive edge versus older assets with potential to unlock value through targeted upgrades.
Within a 3-mile radius, households have grown and are projected to increase further, with smaller household sizes expanding the renter pool. At the same time, rent-to-income levels suggest some affordability pressure, and safety metrics lag national benchmarks—risks that warrant disciplined lease management and community programming. Neighborhood NOI per unit trends rank in upper national percentiles, indicating solid income performance potential when operations are executed effectively.
- High neighborhood occupancy and deep renter base support leasing stability
- Amenity-rich Urban Core location with strong access to daily needs and major employers
- 1998 vintage newer than surrounding stock; targeted modernization can enhance competitiveness
- 3-mile household growth and smaller household sizes expand the tenant pool
- Risks: affordability pressure and below-average safety metrics require prudent underwriting