| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 24th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1024 Bryant Ave, Bronx, NY, 10459, US |
| Region / Metro | Bronx |
| Year of Construction | 1987 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1024 Bryant Ave, Bronx NY Multifamily Investment
Investor outlook centers on a deep renter base and steady neighborhood occupancy, according to WDSuite’s CRE market data, which points to durable demand drivers rather than transient spikes. Expectations should balance strong urban-core amenity access with careful lease management and affordability monitoring at the neighborhood level.
Located in the Bronx Urban Core, the neighborhood posts a B rating and sits around the middle of the pack locally (rank 390 of 889 metro neighborhoods), signaling broadly stable fundamentals for workforce-oriented multifamily. Amenity access is a relative strength: the area is competitive among New York-Jersey City-White Plains neighborhoods (amenity rank 125 of 889) and rates in the top tier nationally for groceries, pharmacies, parks, and restaurants. This pattern supports daily convenience and retention for renters.
Neighborhood occupancy trends are solid and consistent with healthy leasing conditions, with the local occupancy rate positioned above national medians and improving over the past five years. Importantly, the renter-occupied share of housing units is very high at the neighborhood level, indicating a deep tenant base that historically supports absorption and renewals in this submarket.
Homeownership costs in the area are elevated relative to incomes (high national percentiles for home values and value-to-income), which typically sustains reliance on rental housing and can underpin pricing power during lease-up. At the same time, rent-to-income ratios indicate affordability pressure for some households, so disciplined renewals and targeted concessions may be useful to maintain occupancy stability.
Demographic statistics are aggregated within a 3-mile radius and show modest population fluctuation alongside an increasing household count and smaller average household size over the historical period, with forecasts pointing to additional household growth. For investors, that implies a gradually expanding renter pool and demand for smaller formats. The average neighborhood construction year trends older, and a 1987 vintage at this address is newer than much of the nearby stock, suggesting relative competitive positioning; however, investors should still plan for systems updates and selective modernization to keep pace with current renter expectations.
School ratings in the neighborhood track below national averages, which may temper appeal for some family renters, but the strength in urban amenities and commute convenience often offsets this for working-age households. Overall, the mix of high renter concentration, strong daily-needs access, and steady occupancy forms a straightforward leasing thesis for a 54-unit property.
Safety outcomes in this Bronx neighborhood compare weaker than national averages, and the area ranks in the lower half within the New York-Jersey City-White Plains metro (crime rank 392 of 889). National percentiles indicate elevated property and violent offense rates relative to many U.S. neighborhoods.
That said, recent trend data shows year-over-year declines in both violent and property offense estimates, a constructive signal for operators focused on resident experience. Investors typically account for these dynamics through on-site security measures, lighting, and community engagement to support resident retention.
Proximity to major employers in Manhattan and Queens supports commuter demand and lease stability, particularly for workforce renters. Notable nearby employment anchors include JetBlue Airways, Disney ABC Television Group, Loews, Ralph Lauren, and Estée Lauder.
- JetBlue Airways — airline (5.7 miles) — HQ
- Disney ABC Television Group — media (5.9 miles)
- Loews — hospitality (5.9 miles) — HQ
- Ralph Lauren — apparel (6.0 miles) — HQ
- Estée Lauder — beauty (6.0 miles) — HQ
This 54-unit, 1987-vintage asset benefits from a renter-heavy neighborhood, solid occupancy, and strong daily-needs amenity access that supports retention and absorption. The vintage is newer than much of the surrounding housing stock, offering relative competitiveness versus older properties, though investors should plan for targeted systems and interior updates to maintain positioning.
Based on CRE market data from WDSuite, the neighborhood shows steady occupancy and very high renter concentration, while elevated ownership costs in the Bronx submarket sustain demand for multifamily housing. The key watchpoint is renter affordability: managing rent-to-income exposure with thoughtful renewals and unit mix strategy can help preserve occupancy stability.
- Newer-than-neighborhood-average 1987 vintage provides competitive positioning versus older local stock.
- Deep renter-occupied housing base and steady neighborhood occupancy underpin leasing stability.
- High-cost ownership market supports sustained rental demand and potential pricing power.
- Urban-core amenities (groceries, pharmacies, parks, restaurants) enhance livability and retention.
- Risk: affordability pressure and below-average school ratings require careful lease and marketing strategies.