| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 25th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 932 Bronx Park S, Bronx, NY, 10460, US |
| Region / Metro | Bronx |
| Year of Construction | 1931 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
932 Bronx Park S, Bronx NY Multifamily Investment
Neighborhood-level occupancy remains resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a 38-unit asset in this Bronx Urban Core location.
The property sits in a B-rated Urban Core neighborhood that is competitive among New York-Jersey City-White Plains metro neighborhoods (ranked 348 out of 889). Amenity density is a standout: groceries, restaurants, parks, pharmacies, and childcare all score in the top percentiles nationally, which helps underpin day-to-day convenience and renter appeal.
Neighborhood multifamily occupancy is reported at 94.3%, and renter-occupied housing constitutes the vast majority of units locally. For investors, this indicates a deep tenant base and supports leasing velocity and retention, based on CRE market data from WDSuite. The property’s 1978 vintage is newer than the area’s average construction year (1966), suggesting relative competitiveness versus older stock, while still warranting consideration for system updates and modernization to sustain positioning.
Demographic statistics are aggregated within a 3-mile radius. Over the past five years, households expanded while average household size declined, and projections point to additional household growth alongside further downsizing through 2028. That combination typically broadens the renter pool and can support occupancy stability and absorption of smaller formats. Median contract rents have risen in recent years and are projected to continue increasing, which favors revenue growth but may require careful lease management to maintain retention.
Home values in the neighborhood sit above national norms, and the value-to-income ratio is elevated. This high-cost ownership backdrop tends to reinforce reliance on multifamily housing, supporting demand depth. At the same time, a high rent-to-income ratio signals affordability pressure for some renter households—an investor consideration for pricing power, concessions strategy, and renewal management. Local school ratings trail national averages, which may tilt demand toward smaller households and working renters rather than families seeking top-rated schools.
Safety indicators place the neighborhood in the less favorable half of the metro, with a crime rank of 429 among 889 New York-Jersey City-White Plains neighborhoods. Nationally, the area sits below the median for safety, reflecting a lower percentile position compared with neighborhoods across the country. For underwriting, this suggests an emphasis on security measures and strong property management to support resident retention.
Trend-wise, reported violent and property offense rates have declined year over year in the neighborhood, indicating some improvement. While the national percentile positioning remains low, the downward trajectory can help stabilize perceptions over time when paired with on-site safeguards and responsive operations.
Nearby employment hubs within roughly 7 miles include IT services, airlines, media, hospitality, and diversified holdings—Cognizant, Cognizant Technology Solutions, JetBlue Airways, Disney ABC Television Group, and Loews—supporting renter demand via short commutes and a broad occupational mix.
- Cognizant — IT services (6.9 miles)
- Cognizant Technology Solutions — IT services (6.9 miles) — HQ
- Jetblue Airways — airline (7.2 miles) — HQ
- Disney ABC Television Group — media (7.2 miles)
- Loews — diversified holdings (7.3 miles) — HQ
Positioned in a renter-heavy Bronx Urban Core neighborhood, 932 Bronx Park S benefits from strong amenity access and steady neighborhood occupancy. According to CRE market data from WDSuite, local occupancy remains healthy and renter concentration is high, supporting demand depth for a 38‑unit community. The 1978 vintage is newer than the area’s average stock, offering competitive positioning versus older buildings while leaving room for targeted upgrades to enhance rentability.
Within a 3-mile radius, households increased in recent years and are projected to grow further as average household size declines, pointing to a larger tenant base over the medium term. Elevated ownership costs relative to incomes sustain reliance on rentals, while rising rents and a high rent-to-income ratio call for disciplined lease management to balance pricing power and retention. Safety metrics trail national norms but show year-over-year improvement—an operational consideration rather than a structural constraint.
- Renter-heavy neighborhood with healthy occupancy supports leasing stability
- 1978 vintage newer than area average; value-add via modernization potential
- Amenity-rich Urban Core location reinforces day-to-day livability and demand
- Household growth and smaller household sizes expand the renter pool (3-mile)
- Risks: affordability pressure (high rent-to-income) and below-median safety require active management