| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 25th | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1262 Nelson Ave, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 2007 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1262 Nelson Ave Bronx Multifamily, 2008 Vintage Demand
Neighborhood occupancy has been resilient and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a mid-size asset. Affordability pressures exist, so underwriting should emphasize rent-to-income and lease management.
This Urban Core neighborhood in the Bronx trends toward renter housing, with a high share of renter-occupied units that signals a broad tenant base and supports leasing depth. Neighborhood occupancy is strong (top tier nationally), suggesting fewer downtime periods between turns and steadier cash flow relative to many U.S. submarkets, based on CRE market data from WDSuite. Median contract rents have advanced over the past five years while remaining below many prime NYC nodes, which can aid retention even as pricing power must be balanced against rent-to-income realities.
Daily-needs access is a local strength: grocery, park, and pharmacy densities rank among the highest nationally, while restaurants are plentiful compared with most neighborhoods across the country. Cafes are less prevalent, and average school ratings trail national norms, which investors should account for when positioning toward family-oriented demand.
Construction year averages in the area skew older (1950s), so the property’s 2008 vintage is newer than much of the surrounding stock—typically a competitive advantage for unit quality and systems—but investors should still budget for mid-life building systems and common-area refreshes over the hold.
Within a 3-mile radius, population has been roughly flat in recent years, but the number of households has grown and is projected to rise further alongside smaller average household sizes. That combination can expand the renter pool and support occupancy stability. Home values are elevated for the area relative to incomes, which tends to reinforce reliance on multifamily rentals; however, a relatively high rent-to-income ratio implies closer attention to concessions, renewal strategy, and unit mix.
Safety conditions sit around the metro median when compared with the 889 neighborhoods in the New York–Jersey City–White Plains region. Relative to neighborhoods nationwide, reported violent and property offense rates benchmark on the weaker side; however, recent year-over-year trends show improvement, with both violent and property offenses declining, which is a constructive directional signal to monitor.
Investors should incorporate prudent security and lighting measures, assess block-by-block conditions during site visits, and track whether the recent downtrend persists, rather than relying on a single-year snapshot.
Proximity to major Manhattan employment centers supports commuter convenience and helps sustain renter demand for workforce and service-oriented households. Notable nearby employers include Cognizant, Disney ABC Television Group, Loews, and Ralph Lauren, all within roughly 6 miles.
- Cognizant — technology services (4.9 miles)
- Cognizant Technology Solutions — technology services (4.9 miles) — HQ
- Disney ABC Television Group — media (5.4 miles)
- Loews — diversified holding company (5.7 miles) — HQ
- Ralph Lauren — apparel (5.8 miles) — HQ
1262 Nelson Ave is a 33-unit property built in 2008—newer than much of the Bronx’s surrounding 1950s-era stock—offering competitive positioning versus older comparables while approaching mid-life capital planning. The neighborhood skews heavily renter-occupied with high occupancy levels, supporting steady leasing and lower downtime risk relative to many U.S. neighborhoods. Abundant daily-needs amenities further reinforce livability and retention. According to CRE market data from WDSuite, homeownership costs in the area remain elevated relative to incomes, which generally sustains reliance on rentals, though rent-to-income levels warrant careful lease management.
Within a 3-mile radius, households have increased and are projected to expand alongside smaller household sizes—conditions that typically broaden the renter pool and support occupancy stability. Key risks include below-average school ratings, safety metrics that, while improving, still trail national benchmarks, and affordability pressures that may temper near-term rent growth without targeted renovations or value-driven positioning.
- 2008 vintage relative to older neighborhood stock; competitive positioning with mid-life CapEx planning
- Renter-heavy neighborhood with strong occupancy supporting leasing stability
- High density of daily-needs amenities aiding retention and livability
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Risks: affordability pressures (rent-to-income), softer school ratings, and safety benchmarks that require monitoring