| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 37th | Poor |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 E Gun Hill Rd, Bronx, NY, 10467, US |
| Region / Metro | Bronx |
| Year of Construction | 2005 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
301 E Gun Hill Rd Bronx Multifamily with Stable Renter Base
Renter demand is durable in this Urban Core pocket, with neighborhood occupancy holding near high levels and a deep renter-occupied base, according to WDSuite’s CRE market data.
The property sits in a B+ rated Urban Core neighborhood that is competitive among New York-Jersey City-White Plains metro neighborhoods (ranked 268 of 889). Amenity access is a clear strength: parks, pharmacies, groceries, childcare, cafés, and restaurants all register in the top quartile nationally, supporting day-to-day convenience and renter retention.
Neighborhood occupancy is strong and has been steady over the last five years, indicating resilient leasing conditions. Renter concentration is very high (top percentile nationally for renter-occupied share), which points to a large tenant pool and consistent multifamily absorption rather than reliance on for-sale demand.
Within a 3-mile radius, households have grown even as average household size trends lower, and forecasts call for additional household growth over the next five years. This dynamic generally expands the renter pool and supports occupancy stability for smaller-format units like those typical at this address. Based on commercial real estate analysis from WDSuite, median incomes have trended higher and contract rents are projected to rise, reinforcing the need for attentive lease management and renewals.
Home values in the neighborhood test above national medians, and the value-to-income profile sits in higher national percentiles. In practice, this high-cost ownership market helps sustain reliance on rentals and can bolster pricing power, though operators should monitor rent-to-income ratios to manage retention risk.
Safety signals are mixed and warrant monitoring. Compared with neighborhoods nationwide, the area benchmarks in lower national percentiles for safety, indicating elevated crime relative to national peers. Within the metro context, it sits around the middle of the pack among 889 neighborhoods.
Recent trend data offers a constructive note: estimated violent and property offense rates have declined year over year, suggesting some improvement. Investors should underwrite with conservative assumptions, emphasize on-site security and lighting, and track trajectory rather than relying on a single snapshot.
Proximity to major corporate offices within roughly 7–10 miles supports a broad commuter tenant base and helps leasing velocity. Nearby employers include Cognizant, Disney ABC Television Group, Loews, and Ralph Lauren — all relevant to workforce housing demand in this corridor.
- Cognizant — corporate services (6.9 miles)
- Cognizant Technology Solutions — corporate services (6.9 miles) — HQ
- Disney ABC Television Group — media (9.2 miles)
- Loews — diversified holdings (9.4 miles) — HQ
- Ralph Lauren — apparel & lifestyle (9.5 miles) — HQ
Built in 2013, the asset is materially newer than the neighborhood’s predominantly mid-century building stock, offering competitive positioning versus older alternatives while still benefiting from a deep renter-occupied base. Amenity-rich surroundings and steady neighborhood occupancy support lease-up and retention, while proximity to large employment centers within 10 miles broadens the tenant pipeline.
At the same time, rent-to-income ratios in the area are on the higher side and school ratings trail national averages, so asset management should prioritize renewal strategies, unit-level value creation, and expense control. According to CRE market data from WDSuite, neighborhood rents and incomes have trended upward and offense rates have eased year over year, reinforcing a cautiously constructive long-term view.
- 2013 vintage offers competitive position versus older local stock, reducing near-term capital needs while allowing selective upgrades
- Strong amenity access and high renter concentration support demand depth and occupancy stability
- Commutable access to multiple corporate employers within ~10 miles broadens the tenant base
- Pricing power potential in a high-cost ownership market, balanced by proactive lease management
- Risks: elevated crime relative to national peers, higher rent-to-income ratios, and below-average school ratings