| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 25th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 614 E 179th St, Bronx, NY, 10457, US |
| Region / Metro | Bronx |
| Year of Construction | 2010 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
614 E 179th St, Bronx – 54-Unit Multifamily Investment
Renter-occupied housing is prevalent in this Urban Core pocket, supporting steady demand and occupancy stability according to WDSuite’s CRE market data. Newer construction relative to the Bronx stock positions the asset competitively while keeping capital planning focused on targeted updates rather than full-system overhauls.
This Urban Core neighborhood of the New York–Jersey City–White Plains metro concentrates daily conveniences within close reach, with grocery, pharmacies, cafes, and restaurants ranked competitively among 889 metro neighborhoods and in the top national percentiles. That density of amenities helps leasing and renewal prospects by making the location practical for renters.
At the neighborhood level, operating performance trends are favorable: NOI per unit ranks near the top among metro peers (top decile nationally), and the area’s occupancy is above many U.S. neighborhoods, underscoring durable renter demand based on CRE market data from WDSuite. The renter-occupied share is very high at the neighborhood level, indicating a deep tenant base for multifamily operators.
Construction in the immediate area skews older on average (1960s), while this asset’s 2010 vintage is newer than much of the competitive set. That positioning can reduce near-term system replacement risk and supports rentability versus older walk-up stock, though investors should still anticipate periodic modernization to maintain competitiveness.
Demographic statistics aggregated within a 3-mile radius show stable population levels over the last five years with a meaningful increase in households and a projected modest population uptick alongside further household growth. Smaller average household sizes suggest a larger renter pool over time, which can support occupancy and leasing velocity.
Ownership costs in the Bronx context remain elevated relative to local incomes, which typically sustains reliance on rental housing. For operators, this translates to demand depth but also underscores the need for disciplined lease management where rent-to-income ratios imply higher affordability pressure.
Safety trends are mixed. Compared with neighborhoods nationwide, this area sits in the lower safety tiers, and within the New York–Jersey City–White Plains metro it performs below the metro median among 889 neighborhoods. That said, recent year-over-year data indicate declining rates in both violent and property offenses, a constructive directional signal for risk management.
For investors, the takeaway is to underwrite security measures and operating practices that support resident comfort and asset protection, while recognizing the improving trend line noted in WDSuite’s CRE market data. Block-level conditions can vary, so property-specific measures often drive actual resident experience.
Nearby employment centers span IT services, media, airlines, and diversified corporate offices, supporting a broad commuter tenant base and helping retention through commute convenience. The list below highlights proximate anchors relevant to renter demand.
- Cognizant — IT services (6.26 miles)
- Cognizant Technology Solutions — IT services (6.29 miles) — HQ
- Disney ABC Television Group — media (6.91 miles)
- Loews — diversified holding company (7.06 miles) — HQ
- Jetblue Airways — airline (7.11 miles) — HQ
614 E 179th St offers a 2010-vintage, 54-unit footprint in a neighborhood where renter concentration is high and everyday amenities are abundant. The location’s above-average occupancy and strong neighborhood-level NOI per unit, according to CRE market data from WDSuite, point to demand resilience relative to many U.S. areas. Newer construction versus the 1960s neighborhood average provides competitive positioning, with capital plans likely centered on targeted refreshes to sustain leasing momentum.
Within a 3-mile radius, households have increased and are projected to expand further even as household sizes trend smaller, which typically enlarges the renter pool and supports occupancy stability. Elevated ownership costs relative to incomes reinforce reliance on rental housing, but they also call for attentive affordability and lease management.
- High renter-occupied share and amenity density support durable leasing and renewal prospects.
- 2010 vintage out-competes older neighborhood stock; plan for selective modernization, not full system replacements.
- Neighborhood-level NOI per unit ranks near the metro leaders, signaling operational strength.
- Projected household growth within 3 miles points to a larger tenant base and supports occupancy stability.
- Risks: below-median metro safety and higher rent-to-income ratios require prudent security and leasing oversight.