| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 23rd | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 E Clarke Pl, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 2005 |
| Units | 102 |
| Transaction Date | 2024-08-01 |
| Transaction Price | $1,068,541 |
| Buyer | DCHSCU ACQUISITION HOLDINGS LLC |
| Seller | RCG TOWER GROUP I LLC |
15 E Clarke Pl, Bronx NY Multifamily Investment
Neighborhood occupancy has remained strong with stable renter demand, according to WDSuite s CRE market data, supporting cash flow durability for a 2006-vintage, 102-unit asset.
This Urban Core location in the Bronx offers dense daily-needs coverage high counts of grocery stores, pharmacies, restaurants, and cafes rank in top national percentiles which supports renter convenience and retention. While average school ratings in the neighborhood trail national norms, investors typically position properties here as workforce housing supported by access to services and employment corridors.
The neighborhood s occupancy is elevated and has trended upward in recent years, suggesting resilient leasing even through cycles. A very high share of housing units are renter-occupied (renter concentration near the top of the metro distribution), indicating a deep tenant base and dependable demand for multifamily product.
Within a 3-mile radius, households have increased despite slight population softness, and forecasts point to further household growth alongside declining average household size. For investors, that combination expands the renter pool and can support occupancy stability and steady leasing velocity. Median home values in the area are elevated relative to local incomes, which reinforces reliance on rental options and can sustain multifamily demand.
This property s 2006 construction is newer than the neighborhood s older housing stock (average vintage early-1950s). That positioning typically provides a competitive edge on unit layouts and building systems versus legacy assets, while still allowing room for targeted modernizations to drive rent premiums and operating efficiency.
From an affordability standpoint, rent-to-income ratios in the neighborhood are on the higher side, so asset plans should include careful lease management and amenity/value packaging to support retention without overextending tenants. Overall, the submarket s amenity density, renter orientation, and strong neighborhood occupancy present a constructive backdrop for multifamily operations.
Safety conditions in this Bronx neighborhood are improving on a year-over-year basis, with both violent and property offense rates trending down. Relative to the New York Jersey City White Plains metro, the neighborhood ranks 377 out of 889 on crime (lower ranks indicate higher crime), signaling that crime remains higher than many parts of the metro and below national safety percentiles. Investors often underwrite with enhanced security features and insurance considerations in similar urban-core locations.
Recent momentum is constructive: estimated violent offenses declined at a faster pace than the prior year, and property offenses also decreased. These directional trends may support perception gains over time, but prudent planning including lighting, access control, and community engagement can help sustain tenant comfort and leasing stability.
The property sits within commuting reach of major corporate offices that help anchor regional employment and support renter demand, including Cognizant, Disney ABC Television Group, Loews, and Ralph Lauren. Proximity to these employers can aid leasing and retention for workforce-oriented units.
- Cognizant technology & consulting (5.2 miles)
- Cognizant Technology Solutions technology & consulting (5.2 miles) HQ
- Disney ABC Television Group media (5.5 miles)
- Loews diversified holdings (5.8 miles) HQ
- Ralph Lauren apparel & retail (5.8 miles) HQ
15 E Clarke Pl combines a 2006 vintage with a renter-heavy neighborhood where occupancy has remained high and generally trending up. Dense daily-needs amenities and proximity to large employment nodes support a steady tenant base, while elevated home values relative to local incomes tend to reinforce sustained rental demand. Based on commercial real estate analysis using WDSuite s CRE market data, the area s leasing fundamentals are favorable for stabilized operations, with scope for selective upgrades to capture incremental rent.
Investor considerations include an urban-core safety profile that remains below national safety percentiles and higher rent-to-income ratios that call for disciplined lease management. The asset s newer construction versus neighborhood stock offers competitive positioning and potential value-add pathways focused on interiors, common areas, and energy efficiency.
- Strong neighborhood occupancy and deep renter base support cash flow stability
- 2006 vintage is newer than nearby stock, enabling competitive positioning with targeted upgrades
- Amenity-rich Urban Core location and access to major employers bolster leasing and retention
- Elevated ownership costs in the area underpin sustained multifamily demand
- Risks: urban safety profile below national percentiles and affordability pressure require prudent operations