| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 32nd | Poor |
| Amenities | 75th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 669 White Plains Rd, Bronx, NY, 10473, US |
| Region / Metro | Bronx |
| Year of Construction | 2007 |
| Units | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
669 White Plains Rd, Bronx Multifamily Investment
Neighborhood occupancy remains high and renter demand is deep in this Bronx urban core, according to WDSuite’s CRE market data, supporting stable leasing conditions for a professionally managed asset.
Located in the Bronx Urban Core, the neighborhood posts strong occupancy and a sizable renter base that underpin multifamily fundamentals. Neighborhood occupancy is in the top quartile nationally and ranks competitively among New York–Jersey City–White Plains metro neighborhoods (119 out of 889), noting this is a neighborhood metric rather than the property’s performance.
Renter-occupied housing accounts for 57.7% of neighborhood units, indicating a deep tenant pool and steady demand for professionally managed apartments. Within a 3-mile radius, households have grown while average household size has edged down, a combination that can expand the renter pool and support occupancy stability for studios and smaller formats.
At a construction year of 2008, the asset is newer than the neighborhood’s 1984 average, which generally supports competitive positioning versus older walk-ups while still warranting selective system upgrades as components age. Elevated ownership costs (home values in a high national percentile) reinforce reliance on rental housing, while a neighborhood rent-to-income ratio near 0.18 suggests measured affordability pressure that can aid retention and lease management.
Daily-life amenities are a relative strength: groceries, restaurants, parks, and pharmacies index well against national peers, though café density is limited. School ratings trail national norms, which may temper appeal for family households but typically has less impact on demand for smaller units. These dynamics, based on CRE market data from WDSuite, frame a renter-driven submarket with solid occupancy characteristics and durable demand drivers.
Safety trends should be evaluated thoughtfully. The neighborhood sits below the national median for safety and ranks toward the higher-crime end of the New York–Jersey City–White Plains metro (225 out of 889, where a lower rank indicates more reported crime). Recent year-over-year declines in both violent and property offense estimates point to improving momentum, but investors should underwrite security measures and tenant experience accordingly.
Proximity to major corporate offices supports a diverse employment base and commuting convenience that can bolster leasing and retention, including JetBlue Airways, Loews, Ralph Lauren, Estée Lauder, and Icahn Enterprises.
- JetBlue Airways — airline HQ (6.3 miles) — HQ
- Loews — diversified holdings HQ (7.0 miles) — HQ
- Ralph Lauren — apparel & lifestyle HQ (7.0 miles) — HQ
- Estée Lauder — beauty & personal care HQ (7.1 miles) — HQ
- Icahn Enterprises — investment holding company HQ (7.1 miles) — HQ
669 White Plains Rd offers exposure to a renter-driven Bronx neighborhood with top-quartile occupancy and a high share of renter-occupied units, signaling depth of tenant demand. The 2008 vintage is newer than the local average, providing a relative edge versus older building stock while leaving room for targeted capital improvements to sustain competitiveness. Elevated ownership costs in the area bolster reliance on multifamily housing, and a measured rent-to-income profile suggests manageable affordability pressure that can support retention. These dynamics, according to CRE market data from WDSuite, align with stable operations in an urban-core context.
Demographic indicators aggregated within a 3-mile radius show household growth alongside smaller average household sizes, consistent with increased demand for smaller units. Amenity access (groceries, restaurants, parks, pharmacies) is a convenience advantage, though schools lag benchmarks and café density is thin—factors to monitor in underwriting and marketing strategy.
- High neighborhood occupancy and strong renter concentration support leasing stability.
- 2008 vintage competes well versus older stock with selective value-add potential.
- Elevated ownership costs reinforce multifamily demand and tenant retention potential.
- Household growth and smaller household sizes within 3 miles expand the renter pool, particularly for smaller units.
- Risks: below-median safety and lower school ratings; plan for security, operations, and positioning.