| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 25th | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 815 Fairmount Pl, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 1931 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
815 Fairmount Pl, Bronx NY multifamily investment
Deep renter demand in the surrounding neighborhood and stable occupancy trends point to durable cash flow potential, according to WDSuite’s CRE market data.
The property sits within an Urban Core neighborhood in the Bronx where renters make up a high share of housing units, supporting a broad tenant base for multifamily assets. Neighborhood occupancy is reported at roughly the mid‑to‑upper range for U.S. neighborhoods, helping underpin leasing stability at the submarket level; these are neighborhood statistics, not property performance.
Amenity access is a standout. The neighborhood ranks 39th out of 889 metro neighborhoods for overall amenities and sits in the top national percentiles for grocery, pharmacy, parks, cafes, and restaurants, indicating strong day‑to‑day convenience that supports resident retention and leasing velocity. This positioning is competitive among New York‑Jersey City‑White Plains neighborhoods and top quartile nationally for amenity density.
Construction year matters for relative competitiveness. Built in 1988, the asset is newer than the neighborhood’s average vintage (1960s era stock), which can reduce near‑term capital needs versus older comparables and offer a clearer path for targeted value‑add, while still planning for systems modernization as the building approaches middle age.
Within a 3‑mile radius, demographics show a large population base with modest recent population change and an increase in households alongside smaller average household sizes. That combination generally expands the renter pool and supports occupancy. Neighborhood home values are elevated relative to incomes by regional standards, which tends to reinforce reliance on rental housing and can support pricing power for well‑positioned units when paired with prudent lease management.
Safety indicators should be considered in underwriting. The neighborhood tracks near the metro midpoint (ranked roughly middle of 889 New York‑area neighborhoods) and below the national median on safety percentiles. Recent data show year‑over‑year declines in both violent and property offense rates at the neighborhood level, a constructive trend to monitor over subsequent periods rather than a guarantee.
Investors may want to emphasize on‑site security, lighting, and resident engagement to support retention, while watching how neighborhood trends evolve relative to the broader region.
- Cognizant — IT services (6.5 miles)
- Cognizant Technology Solutions — IT services (6.6 miles) — HQ
- Disney ABC Television Group — media & entertainment offices (6.8 miles)
- Jetblue Airways — airline HQ & corporate offices (6.9 miles) — HQ
- Loews — hospitality & holdings (6.9 miles) — HQ
This 44‑unit, 1988‑vintage asset benefits from a renter‑heavy Bronx neighborhood with solid amenity access and neighborhood occupancy that trends above many U.S. areas, supporting income durability. Elevated ownership costs in the area sustain multifamily demand, while the building’s relatively newer vintage versus local stock can position it competitively with selective upgrades for unit finishes and building systems.
Within a 3‑mile radius, a large population base, rising household counts, and smaller average household sizes point to a growing renter pool that can support lease‑up and retention. According to commercial real estate analysis from WDSuite, neighborhood amenity density and strong renter concentration are consistent tailwinds, though investors should underwrite for affordability pressure and local safety considerations when setting rents and operating plans.
- Renter‑heavy neighborhood and stable neighborhood occupancy support demand depth and income resiliency.
- 1988 vintage is newer than much of the local stock, offering competitive positioning with targeted value‑add.
- Top‑tier amenity access aids resident retention and leasing velocity.
- Demographic trends within 3 miles indicate a larger renter pool from increasing household counts and smaller household sizes.
- Risks: affordability pressure relative to incomes and below‑median national safety percentiles warrant conservative rent growth and active property management.