| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 23rd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 647 Cauldwell Ave, Bronx, NY, 10455, US |
| Region / Metro | Bronx |
| Year of Construction | 1913 |
| Units | 43 |
| Transaction Date | 1995-11-20 |
| Transaction Price | $970,000 |
| Buyer | BRONX SHARP REALTY LLC |
| Seller | CAULDWELL AFFORDABLE HOUSING LLC |
647 Cauldwell Ave, Bronx NY Multifamily Investment
Neighborhood occupancy remains strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable income fundamentals for a 43-unit asset. Elevated ownership costs locally further sustain reliance on rentals, though lease affordability should be monitored.
The property sits in an Urban Core pocket of the Bronx with a B+ neighborhood rating and Competitive among New York–Jersey City–White Plains neighborhoods positioning (ranked 302 among 889). Amenity density is a clear strength: groceries, restaurants, pharmacies, parks, and cafes score in the top tier nationally, helping support daily convenience and renter retention.
Renter concentration in the neighborhood is high (share of housing units renter-occupied), and neighborhood occupancy has been in the top quartile within the metro. For investors, this depth of the tenant base and historically tight occupancy suggest durable leasing and fewer prolonged vacancies, as reflected in WDSuite’s commercial real estate analysis benchmarks.
Construction year is 1996, newer than the neighborhood’s average vintage from the late 1960s. That relative youth typically improves competitive positioning versus older stock, while still warranting capital planning for systems modernization typical of late-1990s assets.
Within a 3-mile radius, recent data shows a slight population dip over the last five years but a projected return to growth with a larger household count and smaller average household size by 2028. This points to a gradual renter pool expansion and supports occupancy stability for multifamily, even as lease management remains important where rent-to-income ratios indicate some affordability pressure.
Home values in the neighborhood benchmark above national averages, creating a high-cost ownership landscape that tends to reinforce demand for rentals and support pricing power. School ratings trail metro leaders, which can temper appeal for some family renters, but strong amenity access and transit-proximate urban context typically mitigate churn for workforce and young-adult segments.
Safety indicators benchmark below national averages for this neighborhood (national percentile readings sit on the lower side), which investors should factor into underwriting and tenant profile assumptions. That said, WDSuite data shows year-over-year declines in both violent and property offense rates, indicating an improving trend to monitor rather than a static condition.
Within the New York–Jersey City–White Plains metro’s 889 neighborhoods, the area does not rank among the system’s top-quartile safety performers but has shown recent directional improvement. Owners can support retention with well-lit common areas, access control, and visible management presence that align with resident expectations in dense Urban Core locations.
The surrounding employment base includes media, airlines, consumer brands, and diversified holding companies within a 5-mile commute range—drivers that support steady renter demand and lease retention for workforce housing.
- Disney ABC Television Group — media (4.7 miles)
- Jetblue Airways — airline (4.8 miles) — HQ
- Loews — diversified holdings (4.8 miles) — HQ
- Estee Lauder — consumer goods (4.9 miles) — HQ
- Ralph Lauren — apparel (4.9 miles) — HQ
647 Cauldwell Ave offers exposure to a dense Bronx Urban Core submarket where neighborhood occupancy is high and the share of housing units that are renter-occupied is elevated. Amenity access ranks among the metro’s stronger cohorts, which reinforces day-to-day livability and supports retention. The 1996 vintage is newer than the neighborhood average, suggesting competitive positioning versus older stock, while still calling for pragmatic capital planning for systems updates. According to CRE market data from WDSuite, ownership costs trend high relative to incomes, which tends to sustain rental demand even as lease affordability deserves active management.
Within a 3-mile radius, forecasts indicate an increase in households and smaller average household sizes through 2028, implying a larger tenant base and steady leasing velocity. Offsetting factors include below-average school ratings and safety benchmarking that trails national norms, though recent offense-rate declines point to improving conditions investors can track over time.
- High neighborhood occupancy and deep renter concentration support income stability
- Amenity-rich Urban Core location underpins renter retention and day-to-day convenience
- 1996 vintage is competitive versus older local stock, with targeted systems upgrades a planning focus
- Risks: below-national safety benchmarks and weaker school ratings; manage affordability and resident experience to support retention