| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 25th | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 220 W 167th St, Bronx, NY, 10452, US |
| Region / Metro | Bronx |
| Year of Construction | 2011 |
| Units | 65 |
| Transaction Date | 2010-12-30 |
| Transaction Price | $650,000 |
| Buyer | HIGHBRIDGE TERRACE PARTNERSHIP HDFC INC |
| Seller | NEW YORK CITY HOUSING AUTHORITY |
220 W 167th St Bronx Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with the surrounding area showing a deep renter base and steady leasing performance.
This Urban Core location in the Bronx offers daily-life convenience that supports renter retention. Neighborhood amenities skew toward essentials, with grocery, park, and pharmacy access ranking in the highest national percentiles, while cafes are comparatively limited. For investors, this mix favors workforce housing demand and day-to-day livability over discretionary retail.
The neighborhood’s occupancy is strong at 98.3% and has risen over the past five years, signaling stable leasing conditions relative to metro peers. Renter concentration is high, with the majority of housing units renter-occupied, indicating a deep tenant base and resilience for multifamily operators through cycles. Median contract rents are mid-market for the metro, which can aid lease-up and renewal strategies without over-reliance on premium positioning.
Demographic statistics within a 3-mile radius show modest population growth and a clearer increase in households, pointing to a gradually expanding renter pool over the next several years. Forecasts indicate continued household growth alongside smaller average household sizes, which typically support absorption of smaller formats and sustained occupancy. Median incomes have been trending upward locally, which can help support incremental rent growth where unit finishes and management quality warrant it.
The asset’s 2011 construction is materially newer than the neighborhood’s older average vintage, improving competitive positioning versus legacy stock from the mid-20th century. That relative recency can temper near-term capital needs while enabling targeted value-add to refresh common areas or systems as they age. School ratings trail national norms, which places more emphasis on convenience, transit access, and employment proximity as the primary demand drivers for this submarket.
Safety trends should be evaluated in a metro context. The neighborhood’s overall crime rank sits around the metro median among 889 New York–area neighborhoods, indicating conditions that are neither among the best nor the worst locally. Compared with neighborhoods nationwide, safety metrics are below average; however, recent data shows year-over-year declines in both violent and property offense rates, suggesting incremental improvement.
Operators typically emphasize lighting, access controls, and resident engagement to support on-site safety perceptions. Investors should review block-level reports and recent comparables to validate trend continuity and align operating practices with resident expectations.
Nearby corporate offices provide a broad white-collar employment base that supports renter demand and commute convenience, including Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — IT services (4.7 miles)
- Cognizant Technology Solutions — IT services (4.8 miles) — HQ
- Disney ABC Television Group — media (5.3 miles)
- Loews — hospitality & holdings (5.6 miles) — HQ
- Ralph Lauren — fashion & retail (5.6 miles) — HQ
220 W 167th St is a 65-unit, 2011-vintage asset positioned in a renter-dense Bronx neighborhood where occupancy is high and has trended upward. The area’s strong grocery, park, and pharmacy access underpins day-to-day livability, while a large share of renter-occupied housing units supports a deep tenant base and leasing stability. According to CRE market data from WDSuite, neighborhood occupancy rates remain elevated versus many urban submarkets, which, combined with expanding households within a 3-mile radius, points to ongoing rental demand.
The 2011 construction is relatively new against the neighborhood’s mid-century average, offering competitive positioning versus older inventory and allowing targeted value-add over time rather than immediate heavy capital. Investors should monitor affordability pressure (rent-to-income dynamics) and local school ratings, and continue to track safety trends, which have recently improved on a year-over-year basis but remain below national norms.
- High neighborhood occupancy and deep renter concentration support leasing stability
- 2011 vintage offers competitive edge versus older local stock with selective value-add potential
- Strong essentials access (grocery, parks, pharmacies) reinforces day-to-day livability
- Expanding households within 3 miles indicate a growing renter pool over the medium term
- Risks: affordability pressure, below-average school ratings, and safety metrics that warrant ongoing monitoring