| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 29th | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2155 Virgil Pl, Bronx, NY, 10473, US |
| Region / Metro | Bronx |
| Year of Construction | 1982 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2155 Virgil Pl Bronx Multifamily near Renter Demand
Neighborhood metrics point to high occupancy and a substantial renter-occupied housing base, supporting leasing stability according to WDSuite’s CRE market data. These are neighborhood indicators, not property performance, and suggest durable tenant depth for a 79-unit asset.
Located in the Bronx Urban Core, the surrounding neighborhood scores in the top quartile nationally for overall amenities, with strong access to grocery, pharmacy, parks, and restaurant options. Cafes are less dense, but essential services are nearby, supporting day-to-day convenience that can aid retention for workforce-oriented assets.
Neighborhood occupancy is in the top decile nationally, indicating tight local rental conditions, and the renter-occupied housing share is elevated relative to national norms. These are neighborhood statistics and not specific to the property, but they signal depth in the tenant base and potential for steady lease-up in comparable assets, based on CRE market data from WDSuite.
Within a 3-mile radius, demographic data show households have increased in recent years and are projected to continue rising, while average household size trends lower. This combination typically expands the renter pool and supports occupancy stability and unit absorption. Median contract rents in the area have grown, and rent-to-income indicators suggest manageable affordability pressure relative to many coastal submarkets, a positive for lease retention.
Construction year for the asset is 1982, modestly newer than the neighborhood’s average vintage. That positioning can be competitive versus older housing stock, though investors should still plan for system modernization or targeted renovations to meet today’s renter expectations.
Home values in the neighborhood are elevated compared with national benchmarks, which often sustains reliance on rental housing and supports demand depth for multifamily. School ratings trend modest, which is typical for parts of the metro’s urban core and should be considered in unit mix and renter profile assumptions.
Safety indicators for the neighborhood are below national averages, with neighborhood crime levels closer to the middle of the pack among the New York–Jersey City–White Plains metro’s 889 neighborhoods. These are neighborhood statistics and not specific to the property.
Recent trends are mixed: estimated property offenses show a modest year-over-year decline, while estimated violent offenses ticked up slightly, according to WDSuite’s CRE market data. Investors typically account for these dynamics through security measures, tenant screening, and asset-level operating practices.
Proximity to Manhattan’s corporate corridor supports a diversified employment base that can underpin renter demand and retention for workforce and moderate-income units. Nearby employers include aviation, hospitality, apparel, cosmetics, and diversified holdings headquarters.
- JetBlue Airways — airline headquarters (6.8 miles) — HQ
- Loews — hospitality and insurance (7.5 miles) — HQ
- Ralph Lauren — apparel (7.6 miles) — HQ
- Estée Lauder — cosmetics (7.6 miles) — HQ
- Icahn Enterprises — diversified holdings (7.6 miles) — HQ
2155 Virgil Pl offers exposure to a Bronx neighborhood with tight rental conditions and a high renter-occupied housing share. According to CRE market data from WDSuite, neighborhood occupancy ranks in the top decile nationally, while elevated home values in the area encourage continued reliance on rental housing — factors that can support pricing power and lease retention. The 1982 vintage is slightly newer than the neighborhood average, providing competitive positioning versus older stock while leaving room for targeted value-add through system upgrades and interior refreshes.
Within a 3-mile radius, households have been increasing and are projected to grow further as average household size declines — dynamics that typically expand the renter pool and support occupancy stability. Investors should balance these strengths with considerations around neighborhood safety and school quality when underwriting tenant profile, operations, and capex.
- Tight neighborhood occupancy and high renter concentration support leasing stability
- Elevated ownership costs locally reinforce multifamily rental demand and retention
- 1982 vintage offers competitive edge versus older stock with value-add potential
- 3-mile outlook shows rising household counts and a larger renter pool over time
- Risks: below-average safety and modest school ratings require thoughtful operations and underwriting