| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Featherbed Ln, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 1921 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
65 Featherbed Ln Bronx Multifamily Investment
Neighborhood occupancy is tight and renter demand is deep in this Bronx Urban Core location, based on CRE market data from WDSuite. The 2009 vintage positions the asset competitively versus older local stock.
This Urban Core pocket of the Bronx exhibits durable multifamily fundamentals. Neighborhood occupancy is 98.2%, competitive among New York–Jersey City–White Plains neighborhoods (ranked 111 out of 889) and in the top decile nationally. A renter-occupied share near 94% at the neighborhood level points to a large tenant base that supports lease-up and renewal stability.
Amenity density is a local strength: grocery, parks, pharmacies, restaurants, and cafes register among the highest national percentiles, supporting resident convenience and day-to-day livability. School ratings trend lower versus national norms, which may narrow the appeal for some family renters, but the area’s transit access and job connectivity help sustain steady workforce housing demand.
Income performance signals are constructive: neighborhood housing indicators sit above national medians and average NOI per unit trends in upper national percentiles, suggesting historically supportive rent and occupancy dynamics. Elevated neighborhood home values reinforce renter reliance on multifamily housing, which can aid retention and pricing power for well-managed assets.
Within a 3-mile radius, households have increased even as population has been relatively flat, indicating smaller household sizes and a gradually expanding renter pool. Forward-looking projections point to additional household growth, which supports occupancy stability and leasing velocity for competitive properties.
Relative to national norms, safety indicators place the neighborhood below the U.S. median for safety (national percentiles suggest higher-than-average crime exposure). Recent one-year estimates show declines in both property and violent offenses, indicating incremental improvement. Investors should underwrite security and operations consistent with Urban Core positioning to support resident satisfaction and retention.
Micro-location differences matter across the metro; site-level visibility, lighting, and access control can materially influence resident perception and performance over hold periods.
Access to Manhattan s job base supports commuter convenience and renter demand. Notable nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — corporate offices (5.0 miles)
- Cognizant Technology Solutions — corporate offices (5.1 miles) — HQ
- Disney ABC Television Group — media & entertainment offices (6.1 miles)
- Loews — diversified holding company (6.3 miles) — HQ
- Ralph Lauren — apparel & retail headquarters (6.4 miles) — HQ
Built in 2009 with 31 units, the property is materially newer than the neighborhood’s average vintage, offering competitive positioning versus older Bronx stock while leaving room for targeted modernization as systems age. Neighborhood fundamentals are favorable for multifamily: occupancy is tight, renter concentration is high, and elevated ownership costs reinforce reliance on rental housing. According to CRE market data from WDSuite, neighborhood performance trends sit above national medians on housing and income indicators, supporting stable operations for well-managed assets.
Within a 3-mile radius, households have grown and are projected to expand further, increasing the renter pool even as average household size trends lower. These dynamics, paired with dense amenities and strong job access, support leasing velocity and retention. Key risks to monitor include below-median national safety positioning and rent-to-income pressure that may require disciplined lease management.
- 2009 vintage provides competitive positioning versus older Bronx inventory with selective value-add potential
- Tight neighborhood occupancy and deep renter-occupied base support stable tenancy
- Elevated neighborhood home values reinforce sustained demand for rental housing
- 3-mile household growth and projections expand the tenant base, aiding lease-up and renewals
- Risk: below-median national safety metrics and rent-to-income pressure call for prudent operations