| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 837 Longfellow Ave, Bronx, NY, 10474, US |
| Region / Metro | Bronx |
| Year of Construction | 1922 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
837 Longfellow Ave, Bronx NY Multifamily Investment
Stabilized renter demand at the neighborhood level and a deep tenant base support consistent leasing, according to WDSuite’s CRE market data. This smaller asset can benefit from strong local amenities while investors manage affordability and retention dynamics typical for the Bronx.
Located in the Bronx Urban Core, the neighborhood scores a B and ranks 402 among 889 metro neighborhoods, indicating competitive positioning within the borough. Amenity access is a clear strength: grocery and restaurant density sit in the top quartile nationally, which helps leasing and day-to-day convenience for residents, based on WDSuite’s CRE market data. Average school ratings trend below national medians; for workforce-oriented product, investors typically prioritize access and commute convenience over school performance when assessing demand depth.
Neighborhood occupancy is above the national median, and the area shows a very high share of renter-occupied housing units (renter concentration near the top nationally). For multifamily operators, that mix points to a large, replenishing tenant base and potential support for occupancy stability through cycles. Median contract rents in the area remain mid-pack nationally, which can aid leasing velocity relative to costlier submarkets.
Within a 3-mile radius, recent trends show modest population movement alongside an increase in households and smaller average household sizes. That shift generally expands the renter pool and supports unit absorption, especially for efficiently sized layouts. Looking ahead, the same 3-mile view projects additional household growth by 2028, reinforcing demand for professionally managed rentals.
Home values are elevated for the neighborhood compared with many U.S. areas, which tends to reinforce reliance on rental housing and can underpin pricing power and lease retention for well-managed assets. Given the neighborhood’s NOI per unit ranking in the top quartile among 889 metro neighborhoods, investors can underwrite to competitive operating performance while accounting for property-level differences.
Safety metrics are mixed. The neighborhood’s overall crime standing sits around the metro midpoint (ranked roughly mid-pack among 889 neighborhoods) and below national safety percentiles. However, WDSuite’s data indicates a recent year-over-year decrease in violent incidents, suggesting incremental improvement. Investors commonly address these dynamics through property-level measures such as lighting, access control, and partnerships with on-the-ground security resources.
When benchmarking against neighborhoods nationwide, the area tracks below average on safety but shows a downward trend in violent offense rates over the last year. Framing risk in comparative, portfolio terms may be most useful: underwriting can reflect heightened operating attention while recognizing recent directional improvement.
Proximity to major corporate offices supports a sizable commuter tenant base and can aid retention through commute convenience. Nearby employers include JetBlue, Loews, Disney ABC Television Group, Ralph Lauren, and Estée Lauder.
- Jetblue Airways — airline HQ & corporate (5.4 miles) — HQ
- Loews — diversified holdings corporate offices (5.8 miles) — HQ
- Disney ABC Television Group — media offices (5.9 miles)
- Ralph Lauren — apparel corporate offices (5.9 miles) — HQ
- Estee Lauder — beauty products corporate offices (5.9 miles) — HQ
Built in 1998, this 26-unit property is newer than much of the surrounding housing stock, which skews mid-20th century. That relative vintage can provide competitive positioning versus older buildings, while investors should plan for system modernization typical of late-1990s assets. According to CRE market data from WDSuite, the neighborhood maintains occupancy above national medians and posts NOI per unit in the top quartile among 889 metro neighborhoods—constructive signals for underwriting.
A very high share of renter-occupied housing units indicates depth of demand, and the 3-mile radius shows household growth and smaller household sizes that can expand the renter pool. Elevated ownership costs in the area tend to reinforce reliance on rental housing. Key watch items include safety metrics that trail national benchmarks and rent-to-income pressure that calls for attentive lease management.
- Newer 1998 vintage versus neighborhood average, with potential to outperform older local stock
- Occupancy above national medians and top-quartile NOI per unit among 889 neighborhoods support stable operations
- High renter-occupied share and projected household growth within 3 miles expand the tenant base
- Elevated ownership costs bolster renter reliance, aiding retention and pricing power
- Risks: below-average safety metrics and affordability pressure require active management and resident retention focus