| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 21st | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11188 43rd Ave, Corona, NY, 11368, US |
| Region / Metro | Corona |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11188 43rd Ave, Corona NY Multifamily in Amenity-Rich Urban Core
High renter concentration and elevated ownership costs in the surrounding neighborhood support steady tenant demand and pricing resilience, according to WDSuite’s CRE market data. Newer 1988 vintage relative to local stock adds competitive positioning while still allowing room for targeted upgrades.
The property sits in Corona’s Urban Core, rated B and competitive among New York–Jersey City–White Plains neighborhoods (ranked 330 out of 889). Dense retail and daily-needs access stand out: the neighborhood scores in the top national percentiles for restaurants, cafes, groceries, pharmacies, and park access, providing lifestyle convenience that supports leasing and retention for workforce-oriented multifamily.
Construction in the neighborhood skews older than this asset (average vintage 1964), while the subject was built in 1988. Newer vintage implies relative competitiveness against older walk-up stock and may limit near-term obsolescence risk, though investors should still plan for system updates and selective modernization to meet renter expectations.
Renter-occupied housing comprises roughly two-thirds of neighborhood units, indicating a deep tenant base for smaller-format apartments. Neighborhood occupancy is in the upper half nationally and has improved over the past five years, supporting a view of demand stability through cycles based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show modest population growth and an increasing household count, alongside a trend toward smaller household sizes over time. This points to a larger renter pool and continued need for professionally managed apartments. Elevated home values relative to incomes in the neighborhood reinforce reliance on multifamily rentals, supporting lease retention and pricing power while requiring attentive lease management where rent-to-income ratios tighten.
School ratings in the area trail national averages, which may matter less for studio-heavy or smaller-unit profiles but can influence longer-term family retention. Overall, the combination of strong amenity access, renter depth, and urban connectivity underscores solid neighborhood fundamentals for multifamily investment.
Safety benchmarks are mixed when viewed against national comparisons. Neighborhood crime metrics sit below national percentiles for safety, indicating higher incident levels than many U.S. neighborhoods. However, recent year-over-year data show double-digit declines in both violent and property offenses, suggesting improvement momentum rather than deterioration.
Within the metro context, the neighborhood is not among the safest cohorts, but the downward trend in incidents provides a constructive signal for investors monitoring operational risk. As always, underwriting should reflect current conditions, observed trends, and property-level security practices rather than block-level assumptions.
Proximity to major corporate offices broadens the white-collar renter base and supports retention via commute convenience. Notable nearby employers include JetBlue Airways, Prudential, Lockheed Martin, Loews, and Citigroup.
- Jetblue Airways — corporate offices (4.6 miles) — HQ
- Prudential — corporate offices (5.7 miles)
- Lockheed Martin — corporate offices (6.2 miles)
- Loews — corporate offices (6.3 miles) — HQ
- Citigroup — corporate offices (6.3 miles) — HQ
11188 43rd Ave offers a 1988-vintage, smaller-unit profile in a neighborhood where renter-occupied housing is the majority and amenity density is among the strongest nationally. Neighborhood occupancy sits in the upper half of U.S. neighborhoods and has trended upward over the past five years; combined with elevated ownership costs, this underpins durable rental demand and supports lease retention. According to CRE market data from WDSuite, the asset’s newer vintage relative to local averages provides competitive positioning versus older stock while still allowing value-add through targeted interior and building-system updates.
Within a 3-mile radius, modest population growth alongside an increasing household count and shrinking average household size point to renter pool expansion over the medium term. These dynamics, together with proximity to major employment nodes, support a balanced long-term thesis focused on occupancy stability and measured rent growth, while acknowledging the need to manage affordability pressures and monitor safety metrics that, though improving, remain below national benchmarks.
- Newer 1988 vintage versus neighborhood average, offering competitive positioning with room for targeted upgrades.
- Deep renter base and improving neighborhood occupancy support demand stability and retention.
- Amenity-rich Urban Core location with strong access to daily needs and major employers.
- Elevated ownership costs reinforce reliance on rentals, supporting pricing power with prudent lease management.
- Risks: safety metrics below national benchmarks and affordability pressure warrant conservative underwriting and ongoing monitoring.