| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 33rd | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1033 Boston Rd, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 2005 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1033 Boston Rd, Bronx NY Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and high occupancy, according to WDSuite’s CRE market data, supporting a stable hold with operational upside.
Located in the Bronx Urban Core, the area around 1033 Boston Rd tracks above the metro median for overall neighborhood performance (rank 378 of 889, rating B) with amenity access in the top percentile nationally. Dense coverage of grocery, pharmacies, cafes, parks, and restaurants supports day‑to‑day livability and reduces friction for leasing and retention.
For multifamily operators, the neighborhood reports strong occupancy at the neighborhood level (rank 110 of 889; top quartile nationally), and an exceptionally high share of renter‑occupied housing (rank 10 of 889; top percentile). Together, these indicate a deep tenant base and historically resilient demand across cycles based on CRE market data from WDSuite.
The property’s 2005 vintage is newer than the neighborhood’s average construction year of 1971. That positioning can enhance leasing competitiveness versus older stock while still warranting targeted capital planning over the hold for systems modernization or light value‑add.
Demographic statistics are aggregated within a 3‑mile radius: recent years show modest population softness, but households grew and are projected to rise further as average household size trends lower. This shift generally expands the renter pool and supports occupancy stability, even as operators should plan for affordability management given local rent‑to‑income dynamics.
School ratings in the immediate area sit below national norms, which may limit appeal to some family renters, but proximity to employment and services, combined with high renter concentration, remains a core driver of demand for smaller‑format apartments.
Safety indicators compare mixed: relative to 889 metro neighborhoods, the area’s crime ranking sits around the middle of the pack (crime rank 475 of 889), while national comparisons point to a lower percentile for safety. Importantly for trend context, violent‑offense estimates improved year over year (declining rate), suggesting conditions have been moving in a favorable direction.
For investors, this translates to underwriting that emphasizes professional onsite/remote management, lighting and access controls, and resident engagement. Monitoring neighborhood‑level trend lines is prudent, as improving trajectories can support leasing and retention even when current levels are below national medians.
Within roughly 5–6 miles, major Midtown employers such as Disney ABC, Loews, JetBlue, Ralph Lauren, and Est e Lauder provide a broad white‑collar employment base that supports renter demand and commute convenience for residents.
- Disney ABC Television Group — media offices (5.3 miles)
- Loews — corporate offices (5.4 miles) — HQ
- Jetblue Airways — airline corporate offices (5.5 miles) — HQ
- Ralph Lauren — apparel corporate offices (5.5 miles) — HQ
- Estee Lauder — cosmetics corporate offices (5.5 miles) — HQ
This 42‑unit, 2005‑vintage asset benefits from neighborhood metrics that favor multifamily operations: high renter concentration, strong neighborhood‑level occupancy, and exceptional access to daily amenities. The relatively newer vintage versus the local 1970s‑era baseline can sustain competitive positioning with targeted modernization, while the Urban Core location taps a large employment base across the Bronx and Midtown.
At the same time, investor underwriting should account for affordability pressure (elevated rent‑to‑income ratios) and safety comparisons that trail national medians, even as violent‑offense rates have improved year over year. According to CRE market data from WDSuite, occupancy remains above metro averages at the neighborhood level, which supports a thesis centered on operational execution, tenant retention, and selective value‑add.
- Newer 2005 vintage versus local stock supports leasing competitiveness with targeted upgrades
- High neighborhood‑level occupancy and deep renter base underpin demand stability
- Amenity‑rich Urban Core location near major employment centers aids retention
- Risk: affordability pressure (rent‑to‑income) requires careful rent and lease management
- Risk: safety metrics below national medians warrant proactive property management