| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 45th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2540 Barker Ave, Bronx, NY, 10467, US |
| Region / Metro | Bronx |
| Year of Construction | 1983 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2540 Barker Ave, Bronx — Multifamily in Renter-Dense Urban Core
Strong renter concentration and steady, mid-90s neighborhood occupancy signal durable tenant demand, according to WDSuite’s CRE market data. The location’s daily-needs access supports leasing stability without relying on destination retail.
Located in the Bronx’s Urban Core, the property benefits from a neighborhood rated B+ and ranked 325 out of 889 metro neighborhoods—competitive among New York-Jersey City-White Plains submarkets. Daily-needs coverage is a strength: grocery and pharmacy availability sit in the top national percentiles, with restaurants and childcare also testing well above national norms. For investors, this breadth of amenities tends to support retention and reduce friction in day-to-day living.
Renter-occupied housing is high in this neighborhood (near 80%), indicating a deep tenant base for multifamily. Neighborhood occupancy trends are in the mid-90s and broadly stable, which supports income durability across cycles based on CRE market data from WDSuite. Homeownership carries elevated costs relative to incomes (high value-to-income positioning), which typically sustains reliance on multifamily rentals and helps backfill turnover.
Vintage context matters: the asset’s 1983 construction is newer than the neighborhood’s older housing stock (average mid-1950s). That positioning can be competitively favorable versus pre-war buildings, while still warranting capital planning for systems modernization and potential value-add upgrades to enhance unit finishes and operating efficiency.
Demographics within a 3-mile radius show households have grown even as population edged down modestly in recent years, with forecasts calling for renewed population growth and additional household formation. Smaller average household sizes are expected, which typically expands the renter pool and supports occupancy stability for a broad mix of unit types. School quality trends are below metro and national averages locally, which may be a consideration for family-oriented tenants but is less impactful for workforce and single-tenant demand common in urban cores.
Safety levels sit below national percentiles, reflecting higher reported incidents than many neighborhoods nationwide. Within the New York-Jersey City-White Plains metro, the neighborhood’s crime position is around the metro median (ranked 426 of 889), indicating conditions that are not outlier-high regionally yet warrant routine risk management.
Recent data from WDSuite indicates year-over-year decreases in both property and violent offense rates, suggesting incremental improvement. Investors typically address this profile through common-sense measures—lighting, access control, and tenant screening—to support resident experience and retention.
Proximity to Manhattan and major corporate nodes provides access to diversified white-collar employment, supporting renter demand and commute convenience. Notable employers within a short radius include Cognizant, Disney ABC Television Group, JetBlue Airways, and Ralph Lauren.
- Cognizant — IT & consulting (7.2 miles)
- Cognizant Technology Solutions — IT & consulting (7.2 miles) — HQ
- Disney ABC Television Group — media & entertainment (8.6 miles)
- Jetblue Airways — airline corporate offices (8.7 miles) — HQ
- Ralph Lauren — apparel corporate offices (8.8 miles) — HQ
This 1983 vintage, 116-unit property is positioned in a renter-heavy Bronx neighborhood where occupancy is consistently in the mid-90s. Strong daily-needs coverage (grocery, pharmacy, dining) and a high share of renter-occupied units point to a durable tenant base and support for lease-up and renewal velocity. Elevated ownership costs relative to incomes in the area reinforce reliance on multifamily housing, while household growth within a 3-mile radius and forecasts for additional households suggest a larger tenant base ahead. According to CRE market data from WDSuite, neighborhood operating benchmarks are competitive within the metro, supporting a stable, income-oriented thesis with value-add upside via modernization.
Key considerations include affordability pressure (higher rent-to-income positioning), below-average school ratings for family renters, and safety metrics that trail national percentiles—factors that call for thoughtful leasing, resident experience, and security management. Even with these risks, the asset’s relative vintage advantage versus older local stock and strong amenity access create a balanced, long-term hold story focused on occupancy stability and targeted upgrades.
- Renter-dense neighborhood with mid-90s occupancy supports income durability
- 1983 construction is newer than area average, with modernization/value-add potential
- Strong daily-needs access (grocery, pharmacy, dining) supports retention and leasing
- Elevated ownership costs sustain multifamily demand and backfill turnover
- Risks: affordability pressure, below-average school ratings, and safety that trails national percentiles