| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Poor |
| Demographics | 19th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 62 E 182nd St, Bronx, NY, 10453, US |
| Region / Metro | Bronx |
| Year of Construction | 1921 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
62 E 182nd St, Bronx Multifamily Positioning
Neighborhood occupancy near 97% suggests durable leasing fundamentals for a 1990-vintage, 24-unit asset, according to WDSuite s CRE market data. Renter demand is supported by a high renter-occupied share at the neighborhood level, not the property.
This Urban Core location in the Bronx benefits from dense, walkable amenities the neighborhood ranks competitively among 889 metro neighborhoods for overall livability and is in the top tier nationally for access to groceries, restaurants, pharmacies, parks, and childcare. Such proximity tends to support tenant retention and minimizes car dependence for daily needs.
Neighborhood occupancy is competitive among New York Jersey City White Plains neighborhoods and in the top quintile nationally, reinforcing near-term stability for multifamily investors. At the same time, the neighborhood shows one of the highest renter-occupied shares in the metro (measured as the share of housing units that are renter-occupied), indicating a deep tenant base and consistent leasing velocity at the neighborhood level.
Within a 3-mile radius, demographics show households have increased over the past five years and projections indicate further growth alongside smaller average household sizes. That dynamic typically expands the renter pool and supports occupancy stability, even as total population trends have been relatively flat. Median contract rents in the area have risen over the past five years, while a high-cost ownership market (home values well above national norms) sustains reliance on rental housing rather than ownership.
Vintage also matters for competitive positioning. The property s 1990 construction is newer than the neighborhood s older average stock, which supports relative appeal versus prewar and mid-century assets; investors should still plan for system modernization and common-area refreshes typical for 1990s buildings. School ratings in the surrounding area trend below national norms, which can modestly temper demand from family renters but is often offset in Urban Core locations by proximity to transit, employment, and services.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits below average for safety, while ranking mid-pack within the New York Jersey City White Plains metro (398 out of 889 neighborhoods). Year over year, both violent and property offense estimates have declined, indicating an improving trend, but levels remain elevated relative to national benchmarks.
For investors, the takeaway is to underwrite with practical measures: emphasize access control, lighting, and professional management policies, and align insurance and security budgets with an urban location where crime rates are higher than the national norm but trending downward.
The employment base within a short commute spans technology services, media, hospitality, and apparel, supporting renter demand through diverse white-collar and creative-sector jobs. Nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant IT services (5.5 miles)
- Cognizant Technology Solutions IT services (5.6 miles) HQ
- Disney ABC Television Group media (7.0 miles)
- Loews hospitality & holdings (7.3 miles) HQ
- Ralph Lauren apparel (7.3 miles) HQ
62 E 182nd St offers a 1990-vintage, 24-unit footprint positioned in an amenity-rich Bronx neighborhood where occupancy trends are competitive locally and strong nationally. The submarket s high renter-occupied share signals depth of tenant demand, while elevated home values in the area point to sustained reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy sits in the top quintile nationally, a constructive backdrop for lease-up and renewal stability.
The asset s newer-than-neighborhood vintage supports relative competitiveness versus older stock, with potential to further differentiate through targeted value-add: modernization of building systems, interiors, and common spaces typical for 1990s construction. Underwriting should also account for affordability pressure (a higher rent-to-income profile at the neighborhood level) and below-average school ratings, which can influence unit mix strategy and leasing cadence.
- Occupancy momentum: neighborhood stability in the top national quintile supports retention and pricing discipline.
- Deep renter base: one of the highest renter-occupied shares in the metro indicates demand depth.
- Location utility: dense access to groceries, restaurants, parks, pharmacies, and childcare aids leasing and renewals.
- Value-add angle: 1990 construction is newer than local averages, with room for system upgrades and interior refresh.
- Risks to manage: higher-than-national crime levels and rent-to-income pressure warrant security and lease management focus.