| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 66 W 176th St, Bronx, NY, 10453, US |
| Region / Metro | Bronx |
| Year of Construction | 1920 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
66 W 176th St Bronx 2013 Multifamily Investment
Neighborhood occupancy trends near 98% suggest durable renter demand and leasing stability for a 2013-vintage asset, according to WDSuite s CRE market data. Strong local amenities and a deep renter base support steady operations in the Bronx Urban Core.
The property s 2013 construction stands out against an older Bronx Urban Core building stock (average vintage mid-20th century), giving it competitive positioning versus legacy assets while limiting near-term capital needs typical of prewar buildings. For investors, this newer-vintage profile can support rentability and reduce early-life system replacements, though selective modernization may be prudent over the next hold period.
Local livability indicators are a clear strength. The neighborhood ranks in the top quartile nationally for amenities, with dense access to groceries, parks, pharmacies, cafes, and restaurants. These fundamentals help underpin renter appeal and day-to-day convenience, supporting retention and leasing velocity compared with many New York-Jersey City-White Plains submarkets.
Operationally, neighborhood occupancy is strong (top decile nationally), and the share of renter-occupied housing is exceptionally high at the neighborhood level. A high renter concentration points to a deep tenant base and supports absorption for well-maintained multifamily. Median home values are elevated for the area, which typically sustains reliance on rental housing and can bolster pricing power, while careful lease management remains important where rent-to-income ratios are higher.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, population change has been roughly flat, but households expanded and are projected to increase further by more than 40% as average household size trends lower. This shift indicates a larger tenant base and more renters entering the market, which can support occupancy stability. School ratings are below national averages, which may matter for some family renters but is less likely to deter workforce-oriented demand.
Relative to neighborhoods nationwide, safety indicators here sit below the national median, and crime levels are elevated compared with many New York-Jersey City-White Plains neighborhoods (metro rank contextualizes this as higher-crime relative to a field of 889 neighborhoods). That said, recent trends show improvement, with both violent and property offenses declining year over year, which investors may view as a constructive directional signal rather than a solved risk.
Underwriting should reflect the local context: enhanced security measures, well-lit common areas, and resident engagement can support retention and reduce non-revenue downtime. Monitoring ongoing trend data remains prudent as part of asset management.
Proximity to major Manhattan employers supports workforce housing demand and commute convenience for renters. Notable nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant corporate offices (5.1 miles)
- Cognizant Technology Solutions corporate offices (5.1 miles) HQ
- Disney ABC Television Group media (6.2 miles)
- Loews corporate offices (6.5 miles) HQ
- Ralph Lauren apparel & lifestyle (6.6 miles) HQ
This 20-unit property s 2013 vintage offers a competitive edge versus the Bronx s predominantly older stock, supporting leasing velocity and moderating near-term capital expenditure risk. Neighborhood fundamentals are favorable for multifamily high occupancy, dense daily amenities, and a sizable renter-occupied housing base while elevated ownership costs in the area reinforce reliance on rental housing. According to WDSuite s commercial real estate analysis, occupancy performance in this neighborhood sits above many metro peers, underscoring durability of demand.
Within a 3-mile radius, households have grown and are projected to rise further as average household size trends lower, pointing to a larger tenant base over the next few years. Investors should balance these strengths with practical considerations around rent-to-income pressures and local safety context, aligning leasing strategy, unit finishes, and security investments with workforce demand.
- 2013 vintage competes well against older neighborhood stock, with selective modernization optional rather than immediate.
- Strong neighborhood occupancy and deep renter concentration support leasing stability and absorption.
- Dense amenity access (groceries, parks, pharmacies, cafes) aids renter retention and day-to-day convenience.
- High-cost ownership market sustains rental demand and can support pricing power with disciplined lease management.
- Risks: elevated local crime relative to metro peers and higher rent-to-income ratios require focused security and affordability-aware leasing.