| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 23rd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 732 E 152nd St, Bronx, NY, 10455, US |
| Region / Metro | Bronx |
| Year of Construction | 1904 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
732 E 152nd St Bronx 21-Unit Multifamily Investment
Neighborhood fundamentals point to durable renter demand with high occupancy and a deep renter-occupied base, according to WDSuite’s CRE market data. A newer 2003 vintage relative to local stock supports competitive positioning while allowing room for targeted renovations.
Located in the Urban Core of the Bronx, the immediate neighborhood carries a B+ rating and ranks 302 out of 889 metro neighborhoods—competitive among New York-Jersey City-White Plains neighborhoods. Local occupancy is strong (neighborhood occupancy is measured for the neighborhood, not this property), placing in the top quartile nationally, which supports leasing stability for smaller buildings like this 21-unit asset.
Amenity density is a clear strength: grocery, restaurants, parks, and pharmacies all benchmark near the top of national percentiles, providing everyday convenience that tends to aid retention. School ratings average below national norms, which some renter segments may weigh in their location decisions; investors should account for this in marketing and tenant mix strategy.
The property’s 2003 construction is newer than the neighborhood’s average vintage (1968), indicating relative competitiveness versus older walk-up stock. Investors can lean on this advantage while planning for systems updates and selective unit refreshes to sustain rentability against ongoing repositioned supply.
Tenure patterns indicate a high share of renter-occupied housing units (about 86% at the neighborhood level), signaling a large tenant base and depth of demand for multifamily. Within a 3-mile radius, households have expanded in recent years and are projected to grow further as average household size trends lower—dynamics that typically translate to a larger renter pool and support for occupancy.
Ownership costs benchmark high for the area versus incomes (value-to-income ranks among the highest nationally), which reinforces reliance on rental options. This can support pricing power, but the neighborhood’s rent-to-income levels suggest affordability pressures that call for pragmatic lease management to maintain retention.
Safety indicators for the neighborhood trend below national percentiles, and the area ranks 346th out of 889 metro neighborhoods—below the metro median. For investors, the more relevant signal is the direction of change: both violent and property offense estimates have declined year over year, an improvement that can reduce leasing friction if the trend persists.
As with any Urban Core location, underwriting should incorporate realistic expectations for security measures and operating practices. Comparative framing versus nearby neighborhoods and continued monitoring of trend data can help calibrate marketing and renewal strategies without overreliance on block-level assumptions.
The area benefits from access to Manhattan’s diversified employment base, supporting commuter convenience and steady renter demand. Notable nearby employers include airlines, media, hospitality, apparel, and beauty & personal care offices listed below.
- Disney ABC Television Group — media (4.8 miles)
- Jetblue Airways — airlines (4.8 miles) — HQ
- Loews — hospitality (4.8 miles) — HQ
- Estee Lauder — beauty & personal care (4.9 miles) — HQ
- Ralph Lauren — apparel (4.9 miles) — HQ
This 21-unit property at 732 E 152nd St offers exposure to a renter-driven Bronx submarket with high neighborhood occupancy and substantial renter-occupied share, supporting demand durability. The 2003 vintage is newer than much of the surrounding stock, creating a competitive edge against older buildings while leaving room for targeted value-add to enhance rentability.
Elevated ownership costs relative to incomes reinforce reliance on multifamily, while strong amenity density aids leasing and retention. At the same time, rent-to-income levels and below-average school ratings suggest prudent lease management and marketing segmentation. Crime metrics sit below national safety percentiles but are improving year over year; underwriting should account for continued security investments. These signals, based on commercial real estate analysis from WDSuite, point to stable occupancy potential with measured upside through modernization.
- Renter-driven neighborhood with strong occupancy supporting lease stability
- 2003 construction provides competitive positioning versus older local stock
- High amenity access supports retention and everyday convenience
- Elevated ownership costs bolster multifamily demand in this area
- Risks: affordability pressure, below-average school ratings, and safety perceptions require active management