| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 23rd | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1421 College Ave, Bronx, NY, 10456, US |
| Region / Metro | Bronx |
| Year of Construction | 2009 |
| Units | 115 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1421 College Ave, Bronx Multifamily Investment
Neighborhood occupancy is in the top quartile nationally and renter concentration is high, supporting leasing stability near this property, according to WDSuite’s CRE market data. These metrics reflect neighborhood conditions rather than the property’s specific performance.
Located in the Bronx Urban Core, the area around 1421 College Ave carries a C+ neighborhood rating with strong renter fundamentals. Neighborhood occupancy is ranked 139 out of 889 in the New York–Jersey City–White Plains metro, placing it in the top quartile nationally and indicating durable demand for apartments. The local housing stock skews renter-occupied (over nine in ten units), which supports a deep tenant base and steady leasing pipelines for multifamily owners.
The property’s 2010 construction is newer than the neighborhood’s average vintage of 1951. Newer product can compete well against older housing stock, though investors should still plan for mid-life systems and common-area refreshes over the hold period. Median contract rents in the neighborhood sit around the middle-to-upper range for the U.S. (above the 50th percentile), while the rent-to-income ratio is elevated, suggesting some affordability pressure and the need for thoughtful lease management.
Livability drivers are anchored by everyday amenities: the neighborhood ranks 14 out of 889 metro neighborhoods for grocery density and 23 out of 889 for pharmacies, with both measures near the top of national percentiles. Restaurant and café concentrations are also nationally high, offering lifestyle convenience. Park access is more limited locally, which may matter for some family renters, and average public school ratings trail national benchmarks.
Within a 3-mile radius, households increased over the past five years and are projected to expand further, even as average household size trends smaller. This points to a larger renter pool and supports occupancy stability. Median incomes in the 3-mile area have grown meaningfully and are forecast to continue rising, while ownership remains a high-cost option relative to local incomes (high national percentile for value-to-income), which tends to reinforce sustained reliance on multifamily rentals. These dynamics are based on CRE market data from WDSuite and reflect neighborhood-level conditions, not property-level performance.
Safety indicators for the surrounding neighborhood lag national benchmarks, with violent and property offense rates positioned in low national percentiles (less safe compared with neighborhoods nationwide). Relative to the New York–Jersey City–White Plains metro, the neighborhood’s crime rank is 377 out of 889, indicating conditions that warrant active property and tenant safety management.
Recent trend data shows year-over-year declines in both violent and property offenses, which is a constructive signal. Investors should underwrite with conservative assumptions, prioritize lighting, access control, and partnership with local community programs, and monitor trends over time.
Proximity to Midtown corporate offices supports workforce renter demand and commute convenience for residents. Notable nearby employers include technology services, media, hospitality, and apparel headquarters listed below.
- Cognizant — technology services (5.6 miles)
- Cognizant Technology Solutions — technology services (5.6 miles) — HQ
- Disney ABC Television Group — media (5.8 miles)
- Loews — hospitality holding (6.0 miles) — HQ
- Ralph Lauren — apparel (6.1 miles) — HQ
This 2010-vintage Bronx asset competes against an older neighborhood stock (average 1951), positioning it well for renter appeal while still warranting mid-life capital planning. The surrounding neighborhood shows top-quartile national occupancy and a very high share of renter-occupied units, pointing to a deep tenant base and potential for steady leasing. According to CRE market data from WDSuite, local amenities are exceptionally dense for groceries, pharmacies, and dining, bolstering day-to-day convenience that supports retention.
Within a 3-mile radius, household counts have been rising and are projected to expand further as household sizes trend smaller, indicating ongoing renter pool expansion. Ownership remains relatively high-cost versus incomes, which typically sustains demand for rental housing. Key underwrites should account for elevated rent-to-income ratios and below-average school ratings, as well as safety metrics that trail national benchmarks, even as recent offense rates have declined.
- Newer 2010 construction versus an older local stock, with competitive positioning and manageable mid-life capex planning
- Top-quartile neighborhood occupancy and high renter-occupied share support leasing stability
- Dense amenity base (groceries, pharmacies, dining) enhances resident convenience and retention
- Expanding households within 3 miles and smaller household sizes point to a growing renter pool
- Risks: elevated rent-to-income, below-average school ratings, limited park access, and safety metrics that require active management