| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Poor |
| Demographics | 17th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2000 Washington Ave, Bronx, NY, 10457, US |
| Region / Metro | Bronx |
| Year of Construction | 1983 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2000 Washington Ave Bronx Multifamily Investment
Neighborhood-level data indicates a deep renter base and steady occupancy, according to WDSuite’s CRE market data. These dynamics can support leasing durability for a 120-unit asset in an Urban Core Bronx location.
Located in the Urban Core of the Bronx, the area surrounding 2000 Washington Ave shows balanced, working-class fundamentals with a C+ neighborhood rating. Amenity access is a relative strength: the neighborhood ranks 104 out of 889 across the New York–Jersey City–White Plains metro for overall amenities, which is competitive within the region, and grocery, restaurant, park, and pharmacy density trends in the top tiers nationally. These features typically support day-to-day convenience and resident retention.
From a housing perspective, neighborhood occupancy is reported at 93.6% and has inched higher over the past five years, suggesting a stable leasing backdrop (based on CRE market data from WDSuite). The share of housing units that are renter-occupied is high at 88.5%, signaling a deep tenant base for multifamily demand rather than ownership-driven turnover. Median contract rents sit around the middle of national comparisons, while the area’s rent-to-income levels point to some affordability pressure, warranting attentive lease management.
Demographics are aggregated within a 3-mile radius and indicate a large population with households increasing over the last five years and projected to rise further. Forecasts call for additional household growth and a smaller average household size by 2028, which can expand the renter pool and support occupancy stability for smaller-format units. Median incomes are improving from prior periods, reinforcing gradual demand depth even as some cohorts remain price-sensitive.
Vintage context: the property’s 1983 construction is newer than the neighborhood’s average vintage (1961 across metro comparisons), which can enhance competitive positioning versus older stock. Investors should still plan for ongoing systems modernization and select renovations to meet current renter expectations and to capture value-add upside.
Schools in the area tend to rate below national averages, which may be less of a draw for family renters but is less determinative for studios and smaller units. On balance, strong amenity access, transit-rich Urban Core positioning, and a predominantly renter-occupied housing base underpin the submarket’s multifamily appeal.
Safety conditions should be evaluated carefully. Within the metro, the neighborhood’s crime profile sits in the lower half (ranked 420 out of 889 New York–Jersey City–White Plains neighborhoods), indicating higher reported incidents than many peer areas. Nationally, the safety percentile is on the lower end; however, recent year-over-year data shows double-digit declines in estimated violent offenses and a noticeable drop in property offenses, a constructive trend to monitor.
For underwriting, consider enhanced on-site security, lighting, and access controls, and evaluate partnerships with neighborhood watch or patrol programs. Compare historical incident trends to current reports during diligence to assess whether the improving trajectory is sustained.
Proximity to major corporate offices across media, technology, and consumer brands supports a broad commuter renter base and can help leasing resilience for workforce and entry-level professional tenants. Notable nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — technology & consulting (5.97 miles)
- Cognizant Technology Solutions — technology & consulting (6.0 miles) — HQ
- Disney ABC Television Group — media offices (6.8 miles)
- Loews — diversified holdings (7.0 miles) — HQ
- Ralph Lauren — apparel & lifestyle (7.0 miles) — HQ
This 120-unit, 1983-vintage asset benefits from a predominantly renter-occupied neighborhood and steady occupancy, supporting baseline cash flow durability. Household counts within a 3-mile radius have risen and are projected to grow further, while smaller average household sizes indicate a renter pool expansion that aligns with compact unit formats. According to commercial real estate analysis from WDSuite, amenity density is a regional strength and helps underpin retention in an Urban Core setting.
The 1983 construction is newer than the neighborhood average, offering relative competitiveness versus older stock while allowing for targeted modernization to drive rent positioning. Underwriting should account for affordability pressure signaled by rent-to-income levels, below-average school ratings for family renters, and safety considerations, balanced by improving crime trends and a deep tenant base.
- Deep renter-occupied housing base and stable neighborhood occupancy support leasing durability.
- Amenity-rich Urban Core location with strong grocery, dining, parks, and pharmacy access aids retention.
- 1983 vintage offers competitive positioning versus older stock with value-add modernization potential.
- 3-mile household growth and smaller household sizes expand the renter pool, supporting occupancy.
- Risks: affordability pressure (rent-to-income), lower school ratings, and safety that warrants active management.