| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 760 Hunts Point Ave, Bronx, NY, 10474, US |
| Region / Metro | Bronx |
| Year of Construction | 1928 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
760 Hunts Point Ave Bronx Multifamily Investment
Neighborhood occupancy is generally healthy with a very high share of renter-occupied units, supporting depth of tenant demand according to WDSuite’s CRE market data. This positioning offers income stability potential in an Urban Core pocket of the Bronx, with pricing set against a high-cost ownership market.
Hunts Point presents Urban Core fundamentals that matter for multifamily. The neighborhood’s overall standing is competitive among New York–Jersey City–White Plains neighborhoods (ranked 402 of 889, B rating), with amenity access in the top quartile metro-wide (rank 105 of 889) and strong national positioning for daily needs. Grocery, restaurant, park, and pharmacy densities track among the highest nationally, which supports resident convenience and lease retention.
For multifamily operations, neighborhood occupancy trends sit above national medians while roughly mid-pack within the metro, indicating steady absorption but also competitive leasing dynamics. The renter-occupied share is very high (top percentile nationally), signaling a deep tenant base and sustained demand for rental units rather than ownership turnover.
The property’s 1997 vintage is newer than the neighborhood’s older housing stock (average vintage around the early 1950s). That relative youth can enhance competitive positioning versus prewar and mid-century assets, while still warranting targeted capital planning for systems modernization and light value-add to meet current renter preferences.
Within a 3-mile radius, demographics show recent stability with modest variability in population and an increase in households alongside smaller average household sizes. Forward-looking projections indicate household growth and a larger renter pool, which can support occupancy stability and leasing velocity. Median home values are elevated for the area and value-to-income ratios are high, reinforcing reliance on multifamily rentals; however, rent-to-income levels suggest some affordability pressure, so disciplined lease management and renewal strategies remain important.
School ratings in the neighborhood trail national averages, which may limit appeal for some family renters, but strong amenity access and Urban Core connectivity help underpin demand from working households. Average NOI per unit for the neighborhood sits in the top quintile nationally and is competitive within the metro, suggesting income performance potential relative to comparable submarkets, based on CRE market data from WDSuite.
Safety indicators should be contextualized at the neighborhood level. Compared with neighborhoods nationwide, the area sits below the national median for safety, while within the New York–Jersey City–White Plains metro its crime rank is around the middle of 889 neighborhoods. Recent data points to year-over-year improvements in violent offense rates, which investors can view as a constructive trend, though conditions still warrant prudent on-site security standards and resident safety communication.
Nearby corporate offices within roughly six miles, including JetBlue, Loews, Disney ABC Television Group, Ralph Lauren, and Est e9e Lauder, support a commuter tenant base and can aid leasing stability for workforce housing.
- Jetblue Airways — airline HQ offices (5.3 miles) — HQ
- Loews — corporate offices (5.6 miles) — HQ
- Disney ABC Television Group — media offices (5.7 miles)
- Ralph Lauren — apparel HQ (5.7 miles) — HQ
- Estee Lauder — cosmetics HQ (5.7 miles) — HQ
This 48-unit asset in Hunts Point benefits from a deep renter pool, healthy neighborhood occupancy, and Urban Core amenity access that ranks competitively within the New York–Jersey City–White Plains metro. Elevated ownership costs in the Bronx reinforce reliance on rentals, while neighborhood NOI-per-unit performance sits in the top quintile nationally, supporting income potential versus comparable submarkets.
Built in 1997, the property is newer than much of the surrounding stock, providing a relative edge against older buildings while leaving room for targeted upgrades that can enhance retention and rent positioning. According to CRE market data from WDSuite, renter-occupied share is very high and household counts within a 3-mile radius are projected to rise with smaller household sizes, which can expand the tenant base and support occupancy stability. Investors should balance these strengths against affordability pressures and local safety considerations through prudent underwriting and active management.
- Deep renter base and healthy neighborhood occupancy support leasing stability
- 1997 vintage offers competitive positioning versus older local stock with value-add potential
- Urban Core amenities and employer proximity aid retention and rentability
- Elevated ownership costs sustain rental demand; manage rent-to-income to support renewals
- Risks: below-national-median safety and lower school ratings require thoughtful security and marketing