| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 717 Coster St, Bronx, NY, 10474, US |
| Region / Metro | Bronx |
| Year of Construction | 1924 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
717 Coster St Bronx Urban Core Investment
Renter demand is durable in this Bronx urban-core pocket, with neighborhood occupancy holding steady according to WDSuite’s CRE market data. The area’s high renter concentration and access to daily amenities support leasing stability for well-managed assets.
Situated in the Urban Core of the Bronx, the property benefits from a neighborhood that is competitive among New York–Jersey City–White Plains metro neighborhoods (402 of 889) and rates well for investors (B neighborhood rating), per WDSuite. Amenity density is a local strength, with grocery, restaurant, and pharmacy access ranking in the upper percentiles nationally — a setup that typically aids resident retention and everyday convenience.
For rental fundamentals, the neighborhood’s occupancy has remained stable in recent years and sits above national midpoints, while neighborhood-level NOI per unit trends are in the upper quintile nationally, based on WDSuite’s CRE market data. The housing stock skews older in this part of the Bronx (average vintage circa 1951), and a 1982 asset can be relatively competitive versus prewar properties, though systems may still warrant targeted modernization to support leasing and expense control.
Renter-occupied housing is prevalent locally — among the highest shares in the nation — signaling a deep tenant base and ongoing demand for apartments. Within a 3-mile radius, demographics show households have grown over the last five years despite slightly smaller average household sizes; looking forward, forecasts indicate an increase in households and a modest expansion in population, pointing to a larger renter pool and support for occupancy stability.
Home values in the neighborhood sit in a higher-cost ownership context relative to incomes, which can reinforce reliance on rental options. At the same time, rent-to-income levels suggest some affordability pressure, implying the need for disciplined lease management and value-oriented unit positioning rather than aggressive pricing alone.
Safety trends should be considered in underwriting. The neighborhood sits around the metro middle on crime (ranked 459 out of 889 New York–Jersey City–White Plains neighborhoods) and tracks below national safety norms. Recent momentum shows improvement, with the estimated violent offense rate declining by 10.5% year over year, according to WDSuite.
Investors typically respond with practical measures — lighting, access control, and coordination with property management — to support resident confidence and lease retention. Monitoring ongoing trend data at the neighborhood level is advisable as part of risk management.
A cluster of nearby corporate offices and headquarters within roughly six miles supports commuter convenience and broad white-collar employment, which can bolster renter demand and retention. Notable employers include JetBlue Airways, Loews, Disney ABC Television Group, Ralph Lauren, and Estée Lauder.
- Jetblue Airways — corporate offices (5.2 miles) — HQ
- Loews — corporate offices (5.6 miles) — HQ
- Disney ABC Television Group — media offices (5.6 miles)
- Ralph Lauren — apparel corporate offices (5.6 miles) — HQ
- Estee Lauder — consumer products corporate offices (5.7 miles) — HQ
717 Coster St offers exposure to a renter-driven Bronx submarket where neighborhood occupancy has been steady and amenity access is a competitive advantage. The 1982 vintage is newer than much of the local housing stock, creating a positioning edge versus older assets while leaving room for selective upgrades to enhance rentability and operating efficiency. Elevated ownership costs locally help sustain multifamily demand, though managing rent-to-income levels is important for lease retention.
According to CRE market data from WDSuite, the surrounding neighborhood performs in the upper national tiers on amenity access and sits near the metro middle on occupancy, with NOI per unit trends comparing favorably nationwide. Within a 3-mile radius, forecasts point to household growth and a gradually expanding renter pool, which supports long-term leasing fundamentals if operators balance value, finishes, and resident experience.
- Stable neighborhood occupancy with strong amenity access supporting retention
- 1982 vintage offers relative competitiveness vs. older stock with value-add potential
- High-cost ownership market reinforces reliance on rentals and demand depth
- 3-mile forecasts indicate household growth and a larger renter pool over time
- Risks: below-national safety norms and affordability pressure require disciplined operations