| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 23rd | Poor |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1853 Anthony Ave, Bronx, NY, 10457, US |
| Region / Metro | Bronx |
| Year of Construction | 2008 |
| Units | 28 |
| Transaction Date | 2006-03-06 |
| Transaction Price | $549,000 |
| Buyer | CLIFFSIDE PROPERTIES LLC |
| Seller | D & M HOMES INC |
1853 Anthony Ave, Bronx NY Multifamily Investment
Neighborhood occupancy remains high and stable in this Bronx urban core, supporting consistent renter demand, according to WDSuite’s CRE market data. A newer 2009 build relative to local stock positions the asset competitively against older comparables.
Located in an Urban Core setting, the property benefits from a deep renter base: the neighborhood shows a very high share of renter-occupied housing units, which supports leasing velocity and a broad tenant pipeline. Neighborhood occupancy is strong and sits in the top quartile nationally, signaling demand resilience through cycles.
Amenity access is a core strength. By metro ranking, the neighborhood is competitive among 889 New York–Jersey City–White Plains neighborhoods, and nationally it scores in the top percentiles for everyday needs like groceries, pharmacies, cafes, and restaurants. This density of services typically supports retention and reduces concessions pressure.
The property’s 2009 construction is newer than the neighborhood’s older average stock (1950s vintage). That generally offers a competitive edge on building systems and finishes versus prewar and mid-century assets, while still warranting routine capital planning for aging mechanicals and modernization over a hold period.
Within a 3-mile radius, recent trends show a modest population dip but growth in the number of households alongside smaller average household sizes. Looking ahead, forecasts call for population recovery and a sizable increase in households, which points to renter pool expansion and supports occupancy stability. Median contract rents in the 3-mile area have risen over the last five years and are projected to continue increasing, reinforcing revenue potential when paired with disciplined lease management.
Home values in the neighborhood rank high nationally, reflecting a high-cost ownership market. For multifamily investors, elevated ownership costs can sustain reliance on rental housing and underpin pricing power, though rent-to-income ratios indicate some affordability pressure that should be factored into renewals and unit mix strategy.
Safety conditions are mixed relative to national comparisons. Neighborhood crime metrics sit below national percentiles for safety, indicating higher reported crime than many U.S. neighborhoods; however, recent year-over-year trends show improvement, with declines in both violent and property offense estimates. At the metro level (889 neighborhoods), the area is not among the top-performing safety cohorts but has shown directional progress that investors should monitor over time.
For underwriting, consider conservative assumptions for security, lighting, and access controls, and track continued trend improvements rather than relying on single-year outcomes.
Proximity to major corporate offices supports a steady workforce renter base and commute convenience. Key nearby employers include technology services, media, and corporate headquarters noted below.
- Cognizant — technology services (5.65 miles)
- Cognizant Technology Solutions — IT services (5.68 miles) — HQ
- Disney ABC Television Group — media & entertainment (6.51 miles)
- Loews — corporate offices (6.71 miles) — HQ
- Ralph Lauren — apparel & retail (6.78 miles) — HQ
1853 Anthony Ave offers investors a 28-unit, 2009-vintage asset positioned within a renter-heavy Bronx neighborhood where occupancy remains elevated versus national norms. Amenity density ranks competitively across the metro and in top national percentiles, helping support retention and day-to-day livability. Within a 3-mile radius, households have grown and are projected to expand further as average household size trends smaller, pointing to a larger tenant base and durable leasing. High neighborhood home values suggest a high-cost ownership market, which can reinforce sustained rental demand. Based on CRE market data from WDSuite, neighborhood NOI per unit benchmarks are strong and occupancy performance is robust, while rent-to-income levels warrant attentive renewal strategies.
Relative to the area’s older building stock, the 2009 construction can compete on systems, unit quality, and maintenance profile, with scope to capture value through selective upgrades and operational execution. Key risks include affordability pressure and area safety metrics that, while improving, sit below national safety percentiles; prudent expense reserves and property-level security can help manage these exposures.
- Renter-heavy neighborhood and top-quartile occupancy support demand durability
- 2009 vintage outcompetes older local stock with targeted value-add potential
- Amenity-rich urban core location aids retention and lease-up stability
- High ownership costs bolster rental reliance and pricing power
- Risks: affordability pressure (rent-to-income) and below-average safety metrics require active management