| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 25th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 601 Oak Ter, Bronx, NY, 10454, US |
| Region / Metro | Bronx |
| Year of Construction | 1920 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
601 Oak Ter, Bronx NY Multifamily Investment
Neighborhood occupancy is competitive for the New York metro and renter demand is deep, according to WDSuite’s CRE market data. This location supports stable leasing while pricing must balance local affordability pressures.
The property sits in an Urban Core pocket of the Bronx with strong daily-life infrastructure: grocery, pharmacy, and restaurant densities rank in the top decile nationally, which supports resident convenience and lease retention. Neighborhood occupancy is competitive among New York-Jersey City-White Plains, NY-NJ neighborhoods (ranked 171 out of 889) and top quartile nationally, a positive marker for income stability.
Renter concentration is high, with a very large share of housing units renter-occupied at the neighborhood level. For multifamily investors, this indicates a broad tenant base and durable demand for smaller formats typical of walk-up and mid-rise stock. Median contract rent sits near national mid-range levels, yet the local rent-to-income ratio is elevated, suggesting disciplined lease management and renewal strategies are important to sustain occupancy and mitigate turnover.
Within a 3-mile radius, demographics show households have increased over the last five years even as population edged slightly lower, implying smaller household sizes and a potential expansion of the renter pool. Forward-looking figures point to growth in both population and households, which can support occupancy stability and absorption for well-positioned units.
On the cost-of-ownership side, home values benchmark high nationally. In practice, a high-cost ownership market reinforces reliance on rental housing and can support pricing power for competitively positioned units, though operators should remain attentive to retention when renewals materially outpace income growth. Average school ratings track below national norms, which can temper appeal to families with school-aged children but tends to align with demand from singles and small households typical of urban Bronx rentals.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits below average for safety (around the 24th percentile). Within the New York-Jersey City-White Plains, NY-NJ metro, overall crime rank is near the middle of 889 neighborhoods. Recent trends show a year-over-year decline in violent offenses, which is constructive, although rates remain elevated relative to national benchmarks. Investors typically account for this with security measures, lighting, and resident screening to support retention and property protection.
Proximity to major Manhattan employers underpins renter demand and commute convenience, led by airline, media, hospitality, apparel, and beauty headquarters and offices listed below.
- Jetblue Airways — airline (4.2 miles) — HQ
- Disney ABC Television Group — media (4.2 miles)
- Loews — hospitality (4.3 miles) — HQ
- Ralph Lauren — apparel (4.3 miles) — HQ
- Estee Lauder — beauty & cosmetics (4.3 miles) — HQ
This 25‑unit Bronx asset benefits from a deep renter base and strong neighborhood utilization of essential amenities. Occupancy is competitive among New York metro neighborhoods and top quartile nationally, supporting income durability and steady collections. Based on CRE market data from WDSuite, elevated ownership costs in the area sustain reliance on rental housing, while recent household growth within a 3‑mile radius and projected gains indicate a larger tenant base over the medium term.
Operators should calibrate rent strategies to local affordability, as rent-to-income ratios are high. School ratings trend below national averages and safety indicators sit below national norms, so thoughtful operations (security, resident engagement, and upkeep) and value-focused finishes can help retention and lease velocity.
- Competitive neighborhood occupancy and deep renter-occupied housing share support leasing stability.
- High ownership costs nearby reinforce renter reliance, aiding pricing power for well-positioned units.
- 3-mile household growth and projected expansion point to a larger tenant base over time.
- Risk: Elevated rent-to-income ratios call for careful renewal and lease management to support retention.
- Risk: Below-national safety and school metrics may narrow the target renter profile and require enhanced operations.