| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 57th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 524 E 236th St, Bronx, NY, 10470, US |
| Region / Metro | Bronx |
| Year of Construction | 2008 |
| Units | 25 |
| Transaction Date | 2013-03-13 |
| Transaction Price | $735,000 |
| Buyer | EAST 236TH STREET REALTY LLC |
| Seller | J & F E 230TH ST LLC |
524 E 236th St Bronx Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability near the high-90s, according to WDSuite’s CRE market data. Strong local services and a sizable renter base support leasing durability for a 25-unit asset.
The property sits in an Urban Core pocket of the Bronx with an A- neighborhood rating (ranked 219 of 889 in the New York–Jersey City–White Plains metro), placing it in the top quartile among metro neighborhoods. Neighborhood occupancy is in the top quartile nationally, a constructive signal for maintaining leased units and limiting downtime, based on CRE market data from WDSuite.
Daily needs are well-covered: grocery and pharmacy density track in the upper percentiles nationwide, and restaurant options are similarly high. Cafe density is thinner, but overall amenity access remains competitive among New York–Jersey City–White Plains neighborhoods. Average school ratings are below national norms, which can affect family-driven leasing decisions and should be reflected in marketing and tenant-mix strategy.
The neighborhood’s housing stock skews older on average, but this asset was built in 2009, giving it a relative competitive edge versus prewar and midcentury properties. Newer vintage can reduce near-term capital expenditures and bolster curb appeal, though investors should still underwrite for routine system updates and targeted upgrades as part of a value-enhancement plan.
Renter-occupied units account for a majority of neighborhood housing (roughly six in ten), indicating a deep tenant base that supports multifamily leasing. Within a 3-mile radius, households have grown in recent years and are projected to continue increasing, pointing to a larger tenant base even as household sizes trend smaller. Elevated home values for the area reinforce renter reliance on multifamily housing, while rent-to-income levels suggest manageable affordability pressure that can aid retention.
Safety indicators for the neighborhood track below national averages, with violent and property offenses elevated compared to neighborhoods nationwide. Recent data show property offense rates improving year over year, which is a constructive trend but one that warrants continued monitoring.
For investors, this means underwriting with prudent security, lighting, and access-control measures and aligning operations with resident expectations. Positioning and management can help mitigate risk, but lease-up and renewal strategies should be calibrated to local conditions rather than broader metro norms.
Proximity to major corporate offices supports a diverse employment base and commute convenience for renters. Notable nearby employers include Cognizant, Cognizant Technology Solutions, Disney ABC Television Group, Loews, and Ralph Lauren.
- Cognizant — technology & consulting (7.7 miles)
- Cognizant Technology Solutions — technology & consulting (7.7 miles) — HQ
- Disney ABC Television Group — media (10.6 miles)
- Loews — diversified holdings (10.8 miles) — HQ
- Ralph Lauren — apparel & lifestyle (10.9 miles) — HQ
524 E 236th St combines a newer 2009 vintage with Urban Core fundamentals that favor multifamily demand. Neighborhood occupancy sits in the upper tier nationally and the renter-occupied share is a majority, supporting a deeper tenant pool and steadier renewals. Elevated ownership costs in the area tend to sustain reliance on rentals, while rent-to-income levels suggest manageable affordability pressure that can support pricing discipline and retention.
Within a 3-mile radius, households have expanded and are projected to rise further, implying a larger renter pool even as household sizes moderate. According to commercial real estate analysis from WDSuite, amenity access is strong and NOI per unit at the neighborhood level is competitive versus many peers, while weaker school ratings and below-average safety metrics are key considerations for underwriting and asset management.
- 2009 construction offers relative competitiveness versus older local stock and may moderate near-term capex needs.
- High neighborhood occupancy and majority renter-occupied housing support leasing stability.
- Strong access to groceries, pharmacies, and dining underpins day-to-day livability and retention.
- Growing household counts within 3 miles point to a larger tenant base over time.
- Risks: below-average school ratings and safety metrics require thoughtful operations, security, and marketing.