| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 61st | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2727 Henry Hudson Pkwy, Bronx, NY, 10463, US |
| Region / Metro | Bronx |
| Year of Construction | 2013 |
| Units | 57 |
| Transaction Date | 2012-02-14 |
| Transaction Price | $940,000 |
| Buyer | HH REALTY LLC |
| Seller | 2737 HENRY HUDSON LLC |
2727 Henry Hudson Pkwy Bronx Multifamily Investment
Recent neighborhood data points to durable renter demand and high occupancy stability in the immediate area, according to WDSuite’s CRE market data. With a 2013 vintage and institutional scale, the property is positioned to compete against older local stock while focusing on retention and steady leasing.
This Urban Core location ranks 77th among 889 New York–Jersey City–White Plains neighborhoods, placing it solidly above the metro median on overall neighborhood quality. Amenity density is a clear advantage: cafes, groceries, pharmacies, parks, and restaurants all register in the top percentiles nationally, supporting daily convenience and reinforcing renter appeal.
Occupancy in the neighborhood is high and has inched up over the past five years, and more than half of housing units are renter-occupied. For multifamily investors, that renter concentration points to a deep tenant base and supports leasing consistency relative to many Bronx submarkets.
Within a 3-mile radius, households have grown even as population edged lower, indicating smaller average household sizes and a wider pool of renters entering the market. Median household incomes have risen meaningfully and home values sit in a high-cost ownership context, which tends to sustain reliance on rental housing and can support pricing power when lease management is disciplined. These dynamics align with what investors expect to see in an Urban Core setting with strong amenities and proximity to major job centers, and they track with commercial real estate analysis from WDSuite.
The property’s 2013 construction is newer than the neighborhood’s older average stock (1970s era), implying relative competitiveness on finishes and building systems. Near-term capital planning can emphasize targeted upgrades and common-area refreshes rather than heavy systems replacement, while leaving room for strategic value-add to match tenant preferences.
School ratings in the surrounding area trend below national benchmarks, which may modestly limit family-targeted demand; however, the overall amenity access, transit connectivity typical of the Bronx, and strong renter orientation can offset that dynamic for workforce and young professional segments.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits in lower national percentiles for violent and property offenses, signaling a need for prudent operations and security-minded management. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank is closer to the higher-crime side of the spectrum (based on a comparison against 889 neighborhoods).
Recent trend data offers a constructive note: estimated property offenses declined materially year over year, according to WDSuite, suggesting that near-term risks may be easing. Investors should underwrite with realistic assumptions for security and loss prevention while recognizing improving momentum.
Proximity to major corporate offices supports a broad commuter tenant base and helps leasing stability. Notable employers within a practical commute include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Time Warner.
- Cognizant — technology services (4.7 miles)
- Cognizant Technology Solutions — technology services (4.7 miles) — HQ
- Disney ABC Television Group — media & entertainment (8.2 miles)
- Loews — diversified holdings (8.6 miles) — HQ
- Time Warner — media & entertainment (8.6 miles) — HQ
Institutional scale (57 units) and a 2013 vintage position 2727 Henry Hudson Pkwy to compete well in a Bronx neighborhood where much of the housing stock is older. High neighborhood occupancy and a majority share of renter-occupied units indicate a deep tenant base and support for steady leasing, while elevated ownership costs in the area reinforce reliance on multifamily housing. According to CRE market data from WDSuite, amenity access ranks among the best nationally, which can aid marketing, retention, and achievable rents when paired with disciplined affordability management.
Within a 3-mile radius, households have increased and are projected to continue expanding, even as average household size trends lower. That points to a broader renter pool and supports occupancy stability. While local school ratings and safety percentiles warrant conservative underwriting, recent improvement in property offense trends and strong connectivity to major employers underpin the long-term demand case.
- 2013 vintage competes well against older local stock; focus capex on targeted upgrades and common areas
- High neighborhood occupancy and strong renter concentration support leasing stability and renewal potential
- Top-tier amenity access and proximity to major employers bolster tenant appeal and retention
- Household growth within 3 miles and smaller household sizes expand the renter pool over time
- Risks: safety metrics below national averages and lower school ratings; underwrite security and tenant mix prudently