| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 27th | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1610 Sedgwick Ave, Bronx, NY, 10453, US |
| Region / Metro | Bronx |
| Year of Construction | 2011 |
| Units | 99 |
| Transaction Date | 2010-06-29 |
| Transaction Price | $944,240 |
| Buyer | SEDGWICK HOUSING DEVELOPMENT FUND COMPAN |
| Seller | RIVERVIEW REDEVELOPMENT COMPANY L P |
1610 Sedgwick Ave Bronx NY Multifamily Investment
Renter demand is durable with neighborhood occupancy trending strong and a high share of renter-occupied units, according to WDSuite’s CRE market data. The asset’s 2011 vintage provides competitive positioning against older local stock while maintaining practical operating agility.
Situated in Bronx’s Urban Core, the property benefits from neighborhood fundamentals that support multifamily performance. Neighborhood occupancy is in the top quartile nationally and competitive among New York-Jersey City-White Plains metro neighborhoods (ranked 142 out of 889), suggesting stable lease-up and retention potential for professionally managed assets.
Renter concentration is high at the neighborhood level (renter-occupied share near the top of the metro distribution — rank 20 of 889), indicating deep tenant depth for studios and smaller formats. Median contract rents sit above the national midpoint while household incomes trail national medians, so operators should plan for affordability pressure and active lease management rather than outsized rent pushes. Neighborhood NOI per unit benchmarks in the upper national range, reinforcing revenue potential for well-run properties, based on CRE market data from WDSuite.
Livability tailwinds include dense amenities: cafes, groceries, parks, and pharmacies are all in high national percentiles, which supports renter convenience and reduces churn. Average school ratings trend below national norms, which is less of a driver for adult-skewed renter cohorts but is a consideration for family tenants.
Demographic statistics aggregated within a 3-mile radius show households have expanded in recent years, with forecasts pointing to further household growth alongside smaller average household sizes by 2028. This points to a larger tenant base and sustained demand for rental units, which can support occupancy stability over the hold period.
Vintage matters locally: the neighborhood’s average construction year skews mid-century, while this property’s 2011 delivery positions it favorably versus older inventory. Investors can emphasize durability, systems life, and modern code compliance relative to nearby stock, while reserving for periodic upgrades as the asset approaches middle age.
Safety trends should be evaluated carefully in underwriting. The neighborhood’s crime metrics sit below national percentiles for safety (violent and property offense rates compare weakly versus neighborhoods nationwide), placing it below the metro median in comparative terms. However, recent data indicate year-over-year declines in both violent and property offenses, which is a constructive directional signal rather than a guarantee.
For context, the neighborhood ranks 411 out of 889 metro neighborhoods on overall crime, and national percentiles indicate it is not among the safer locations nationally. Investors typically respond with prudent security measures, lighting and access control, and community engagement to support tenant retention and asset performance.
Proximity to major corporate offices broadens the commuter tenant base and supports leasing durability, with nearby roles spanning technology services, media, and consumer brands reflected below.
- Cognizant — technology services (4.7 miles)
- Cognizant Technology Solutions — technology services (4.7 miles) — HQ
- Disney ABC Television Group — media (6.1 miles)
- Loews — diversified holdings (6.4 miles) — HQ
- Ralph Lauren — apparel & retail (6.4 miles) — HQ
1610 Sedgwick Ave offers a 2011-vintage, 99-unit footprint in a renter-dense Bronx neighborhood where occupancy trends are in the top quartile nationally and competitive across the metro. The property’s newer construction relative to mid-century neighborhood stock provides a competitive edge on systems and compliance, while smaller average unit sizes can align with workforce renters seeking value within New York City. According to commercial real estate analysis from WDSuite, neighborhood amenity density is a strength, supporting tenant convenience and retention.
Investor considerations include measured rent strategies given elevated rent-to-income ratios at the neighborhood level and a safety profile that lags national percentiles, even as recent offense rates have trended downward. With disciplined operations, targeted upgrades as the asset ages, and attention to resident experience, the asset is positioned for steady performance tied to deep renter demand.
- Occupancy in the top quartile nationally and competitive within the New York metro supports leasing stability.
- 2011 vintage offers relative competitiveness versus older neighborhood inventory with manageable near-term capex planning.
- Dense amenities and proximity to major employers bolster renter convenience and retention.
- Demographic trends within a 3-mile radius indicate a growing household base and smaller household sizes, supporting multifamily demand.
- Risks: affordability pressure (rent-to-income), below-national safety percentiles, and below-average school ratings warrant conservative underwriting and active management.