| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 17th | Poor |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 355 E 194th St, Bronx, NY, 10458, US |
| Region / Metro | Bronx |
| Year of Construction | 2010 |
| Units | 56 |
| Transaction Date | 2002-12-30 |
| Transaction Price | $325,000 |
| Buyer | R8 ASSETS INC |
| Seller | ALBESA LLC |
355 E 194th St Bronx Multifamily Investment (2010)
Neighborhood occupancy is strong with a deep renter base, supporting leasing stability according to WDSuite s CRE market data. Elevated ownership costs nearby further sustain renter reliance, reinforcing demand for professionally managed apartments.
Located in the Urban Core of the Bronx, 355 E 194th St benefits from dense amenity coverage 2 grocery stores, pharmacies, parks, restaurants, and cafes rank in the top percentiles nationally which supports daily convenience and steady foot traffic. The neighborhood s occupancy rate is in the top quintile nationally, a favorable backdrop for multifamily investors seeking stability.
The property s 2010 construction stands newer than the neighborhood s older housing stock (average vintage 1952). Newer product typically competes well for tenants versus prewar buildings, while investors should still budget for periodic system updates and common-area refreshes as the asset seasons.
Renter-occupied housing is prevalent: at the neighborhood level, the share of renter-occupied units is very high, indicating a broad tenant base and durable demand for apartments. Within a 3-mile radius, households have grown while average household size has edged down, pointing to more, smaller households entering the rental pool a supportive driver for occupancy and lease-up.
Home values in the surrounding area are elevated versus national norms, and the value-to-income ratio sits in a high national percentile. For investors, this high-cost ownership market tends to sustain rental demand and can support pricing power, though rent-to-income readings suggest affordability pressure that warrants attentive lease management and renewal strategies.
School ratings in the neighborhood trend below national averages, which may matter for family-oriented renters; however, the breadth of nearby amenities and transit-oriented urban context typically appeals to workforce and young adult households. Overall, the submarket s occupancy, renter concentration, and amenity density form the core of the investment appeal, based on commercial real estate analysis from WDSuite.
Safety indicators benchmark below national norms, with violent and property offense percentiles positioned on the low end nationwide. Even so, recent year-over-year readings show double-digit declines in both categories, suggesting improving trends. These are neighborhood-level trends rather than property-specific, and prudent underwriting should incorporate security, lighting, and management presence to support resident comfort and retention.
Within the New York Jersey City White Plains metro s 889 neighborhoods, the area compares less favorably on safety than many peers, but the recent downward direction in offenses provides a constructive signal to monitor over upcoming lease cycles.
Proximity to Manhattan s corporate corridors supports workforce renter demand and retention. Nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren, offering a diversified base of corporate office jobs within a commutable radius.
- Cognizant corporate offices (6.08 miles)
- Cognizant Technology Solutions corporate offices (6.11 miles) HQ
- Disney ABC Television Group corporate offices (7.82 miles)
- Loews corporate offices (8.03 miles) HQ
- Ralph Lauren corporate offices (8.09 miles) HQ
This 56-unit, 2010-built asset in the Bronx operates within a renter-heavy neighborhood that posts high occupancy and exceptional amenity access. The newer vintage positions the property competitively versus older stock while leaving room for targeted value-add through interiors, common areas, and operational upgrades. According to CRE market data from WDSuite, neighborhood occupancy stands in a strong national percentile and renter-occupied share is elevated, both supportive of demand durability.
Investor considerations include affordability pressure (high rent-to-income readings) and below-average school ratings, alongside neighborhood safety metrics that trail national benchmarks though recent declines in offense rates are constructive. Elevated ownership costs in the surrounding area reinforce renter reliance on multifamily housing, which can aid pricing power when paired with hands-on leasing and renewal management.
- Renter-heavy neighborhood and strong occupancy support stable leasing
- 2010 vintage competes well versus older stock; scope for targeted value-add
- Dense amenity coverage and access to major employers reinforce demand
- High ownership costs nearby sustain rental demand and potential pricing power
- Risks: affordability pressure, below-average school ratings, and safety metrics that warrant active management