| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 19th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 854 Hunts Point Ave, Bronx, NY, 10474, US |
| Region / Metro | Bronx |
| Year of Construction | 1913 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
854 Hunts Point Ave Bronx 20-Unit Multifamily Opportunity
Renter demand is supported by a high neighborhood share of renter-occupied units and steady occupancy, according to WDSuite s CRE market data. The asset s Urban Core location offers day-to-day convenience that can aid retention and leasing velocity.
Positioned in the Hunts Point area of the Bronx, the property sits in an Urban Core neighborhood rated B and ranked 402 out of 889 metro neighborhoods, placing it above the metro median for overall performance. Amenity access is a differentiator: restaurants and groceries score in the top quartile nationally, with dense coverage of pharmacies and parks that supports daily convenience and service employment.
The building a0was constructed in 1991, notably newer than the neighborhood a0average vintage. For investors, that typically means more competitive finishes and systems versus older local stock, while still budgeting for modernization and selective capital projects as components age.
Tenure patterns in the neighborhood indicate a deep renter base: a very high share of housing units are renter-occupied. For multifamily, this points to a broad tenant pool and demand stability across cycles. Neighborhood occupancy trends sit above national midpoints, reinforcing baseline leasing consistency for workforce-oriented product.
Within a 3-mile radius, demographics show households increased in recent years and are projected to expand further, even as average household size trends lower. This combination supports a larger tenant base and sustained demand for rental units. Home values are elevated for the area relative to incomes, a high-cost ownership market that typically sustains reliance on rental housing and can support pricing power when managed carefully.
Schools in the broader area score below national averages, which may matter for family renters; however, the concentration of daily amenities and transit-connected employment nodes in the New York metro remain important fundamentals for renter demand, based on commercial real estate analysis from WDSuite.
Safety metrics for the neighborhood are mixed relative to broader benchmarks. Compared with neighborhoods nationwide, safety percentiles are below average, while within the New York-Jersey City-White Plains metro the area sits roughly around the middle of the pack (crime rank 459 out of 889 metro neighborhoods), indicating conditions that require prudent property management and resident engagement.
Recent trend data show a year-over-year decline in estimated violent offenses, an encouraging directional signal. Investors should underwrite with conservative assumptions, prioritize lighting, access control, and partnerships with community programs, and monitor metro-level trends over time rather than relying on block-level snapshots.
Proximity to major employers in aviation, media, fashion, consumer goods, and finance supports commuter convenience and a diversified renter base. The following nearby corporate offices illustrate the employment draw accessible from the neighborhood.
- Jetblue Airways d airline HQ (5.3 miles) d HQ
- Loews d diversified holdings (5.7 miles) d HQ
- Disney ABC Television Group d media (5.7 miles)
- Ralph Lauren d apparel (5.7 miles) d HQ
- Estee Lauder d beauty products (5.8 miles) d HQ
- Icahn Enterprises d investment holding company (5.8 miles) d HQ
- HRG Group d diversified holdings (5.8 miles) d HQ
- IBM Plaza Atrium d corporate offices (5.9 miles)
- Lockheed Martin d aerospace & defense offices (5.9 miles)
- Citigroup d financial services (6.0 miles) d HQ
This 20-unit asset built in 1991 competes against an older neighborhood stock base, offering relative modernization while leaving room for targeted value-add. According to CRE market data from WDSuite, the surrounding neighborhood shows steady occupancy and a very high share of renter-occupied housing units, indicating depth of tenant demand. Elevated ownership costs in the Bronx context further support renter reliance on multifamily, while amenity density provides daily convenience that can aid retention.
Within a 3-mile radius, households have grown and are projected to expand further as average household size declines, pointing to a larger renter pool over time. Key underwriting considerations include managing affordability pressure via income-to-rent sensitivity and addressing safety through proven property operations and partnerships.
- 1991 vintage offers competitive positioning versus older local stock, with selective modernization potential.
- Neighborhood occupancy and strong renter concentration support baseline demand and leasing stability.
- Dense amenity coverage (food, parks, pharmacies) enhances daily convenience and retention.
- 3-mile household growth and projected expansion imply a larger tenant base over time.
- Risks: below-national safety percentiles and rent-to-income pressure warrant conservative operations and resident engagement.