| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 25th | Poor |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 720 Saint Marys St, Bronx, NY, 10454, US |
| Region / Metro | Bronx |
| Year of Construction | 1929 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
720 Saint Marys St, Bronx NY Multifamily Investment
Neighborhood occupancy remains elevated and renter demand is deep, according to WDSuite’s CRE market data, pointing to stable lease-up dynamics for well-positioned units. Expect consistent interest from a predominantly renter-occupied area, with pricing power tempered by local affordability considerations.
Located in the Urban Core of the Bronx, the neighborhood posts a B rating and ranks 361 out of 889 metro neighborhoods, positioning it competitive among New York-Jersey City-White Plains submarkets. Neighborhood occupancy is high and in the top quartile nationally, supporting steady renewals and lease stability for multifamily owners. These occupancy figures reflect neighborhood performance, not this specific property.
Daily needs are well covered: grocery and pharmacy density both sit at the top end nationally, and restaurants are abundant (upper-percentile nationally), which tends to support resident retention. Cafes and parks also compare favorably versus neighborhoods nationwide. While average school ratings trail national norms, the area’s amenity concentration and transit access typical of the South Bronx urban fabric help sustain renter appeal.
The area is predominantly renter-occupied, with a very high share of housing units renter-occupied, indicating a broad tenant base and durable demand for apartments. Median contract rents in the neighborhood sit near national mid-percentiles, but rent-to-income ratios point to affordability pressure; owners should expect active income verification and thoughtful renewal strategies to manage turnover risk.
Within a 3-mile radius, recent years show relatively flat population but growth in household counts and a trend toward smaller household sizes, expanding the renter pool. Forward-looking projections indicate increases in population and households over the next five years, which supports occupancy stability and leasing depth for multifamily assets in this part of the Bronx.
Vintage context: with an average neighborhood construction year around the early 1970s, a 1993 asset is newer than much of the local stock. That positioning can improve competitiveness versus older buildings, though investors should still plan for modernization of systems and common areas as the asset approaches mid-life.
Home values in the neighborhood sit at higher national percentiles, signaling a higher-cost ownership market that can reinforce reliance on rental housing. For operators, this typically supports tenant retention, though rent growth strategies should account for local income distributions and lease management considerations.
Safety indicators for this neighborhood track below national averages, with rankings that place it below the metro median compared with 889 New York–area neighborhoods. National percentiles suggest higher crime exposure than many U.S. neighborhoods. These are neighborhood-level signals and not block-specific.
Recent trends show some improvement in violent offense rates year over year, which is a constructive sign for long-term fundamentals. Investors typically underwrite with enhanced on-site security, lighting, and resident engagement measures in similar urban-core locations, and weigh these costs alongside occupancy resilience and renter demand.
Nearby employment hubs in Manhattan contribute to commuter demand and support weekday occupancy. Key employers within roughly 4–5 miles include JetBlue, Loews, Disney ABC, Ralph Lauren, and Estée Lauder, providing a diversified white-collar employment base accessible via short commutes.
- Jetblue Airways — airline (4.3 miles) — HQ
- Loews — hotels (4.4 miles) — HQ
- Disney ABC Television Group — media (4.4 miles)
- Ralph Lauren — apparel (4.5 miles) — HQ
- Est e9e Lauder — cosmetics (4.5 miles) — HQ
720 Saint Marys St benefits from a neighborhood with high renter concentration and top-quartile national occupancy, supporting stable cash flow potential for well-managed multifamily assets. According to CRE market data from WDSuite, the area’s amenity access ranks strong nationally, reinforcing resident retention despite lower school ratings. The 1993 vintage is newer than much of the local stock, offering a competitive edge versus older assets, while still warranting targeted modernization to sustain performance.
Within a 3-mile radius, household counts have increased and are projected to continue rising alongside population growth, pointing to a larger tenant base and support for occupancy stability. Operators should balance these strengths against affordability pressure indicated by neighborhood rent-to-income metrics and safety considerations typical of dense urban cores, aligning renewal strategies, expense planning, and on-site enhancements accordingly.
- High neighborhood occupancy and deep renter base support leasing stability
- Strong amenity access near Manhattan employment centers aids retention
- 1993 construction offers relative competitiveness vs. older local stock with value-add potential
- Risks: affordability pressure and below-average safety require disciplined lease and operations management