| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 21st | Poor |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11222 37th Ave, Corona, NY, 11368, US |
| Region / Metro | Corona |
| Year of Construction | 1972 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11222 37th Ave, Corona NY Multifamily Investment
Neighborhood renter demand is deep and occupancy has remained resilient, according to WDSuite’s CRE market data, supporting stable operations for a 1970s mid-rise asset in Queens. Strength in nearby amenities and a high-cost ownership market point to durable renter reliance.
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). Daily needs are well-covered: restaurants, cafes, groceries, parks, and pharmacies all benchmark in the top tier nationally, which helps sustain convenience-driven renter appeal and supports leasing stability.
Local rents and home values track above national norms (neighborhood median rent and home values rank in the upper national percentiles). This is a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can support pricing power and lease retention for well-managed assets. As part of our multifamily property research, WDSuite’s data also show the neighborhood’s rent-to-income ratio near the low end nationally, signaling comparatively manageable tenant payment burdens in this context.
Occupancy in the neighborhood remains near the mid-90s and has improved over the past five years, while renter-occupied share is high (about two-thirds of housing units are renter-occupied). For investors, that combination suggests depth in the tenant base and supports expectations for consistent leasing activity and renewal potential.
Demographic statistics are aggregated within a 3-mile radius. Recent years show steady household growth even as average household size trends smaller. Forward-looking projections indicate continued population growth and a notable increase in households through 2028, which would expand the local renter pool and support occupancy stability and absorption for well-positioned units. School ratings lag many neighborhoods nationally, so positioning and amenity upgrades can be important to compete for households prioritizing education.
Safety indicators are mixed. The neighborhood’s overall crime ranking sits on the higher-crime side of the metro (ranked 228 out of 889, where lower ranks indicate more crime), and national comparisons place it below the median for safety. However, according to WDSuite’s data, both violent and property offense rates have declined meaningfully year over year, which is a constructive trend investors can track over time.
From a national perspective, the area falls in lower safety percentiles, yet the recent downward trajectory in estimated incident rates provides some improvement signal. Prudent operations can account for this by emphasizing security features, lighting, and community engagement while monitoring ongoing trends at the neighborhood level.
The location benefits from proximity to major employers that support a broad commuter tenant base and leasing durability, including aviation, financial services, and corporate headquarters listed below.
- JetBlue Airways — aviation HQ (4.4 miles) — HQ
- Prudential — financial services offices (6.0 miles)
- Lockheed Martin — defense & aerospace offices (6.0 miles)
- Loews — diversified holding company (6.1 miles) — HQ
- Citigroup — banking & financial services (6.1 miles) — HQ
11222 37th Ave offers exposure to a Queens Urban Core location with deep renter demand, strong amenity density, and neighborhood occupancy that has trended upward over the past five years. The 1972 vintage points to value-add and systems modernization potential, giving investors levers to enhance competitiveness versus older stock nearby while planning for targeted capital projects.
This is a high-cost ownership market, and home values benchmark well above national norms, which can sustain multifamily demand and support retention. Within a 3-mile radius, projections call for population growth and a sizable increase in households, implying a larger tenant base and ongoing absorption potential. According to CRE market data from WDSuite, renter-occupied share is elevated, reinforcing depth in the local leasing pool, though safety metrics sit below national medians and warrant active management.
- Established renter base in an urban core with occupancy trending higher
- High-cost ownership market supports rental demand and pricing power
- 1972 vintage creates value-add and modernization opportunities
- 3-mile demographics point to household growth and a larger tenant pool
- Risks: below-median safety and uneven school ratings require proactive operations