| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 42nd | Poor |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13254 Pople Ave, Flushing, NY, 11355, US |
| Region / Metro | Flushing |
| Year of Construction | 1990 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13254 Pople Ave, Flushing NY — Multifamily Investment Context
Amenity-rich Inner Suburb location with a deep renter base and a high-cost ownership market that supports sustained rental demand, according to WDSuite’s CRE market data from the surrounding neighborhood.
Located in Flushing’s Inner Suburb fabric, the property benefits from a neighborhood rated A- and ranked 180 out of 889 metro neighborhoods, indicating it is competitive among New York–Jersey City–White Plains subareas. Amenity access is a clear strength: restaurants, cafes, parks, groceries, and pharmacies all sit in high national percentiles, reinforcing day-to-day livability and supporting leasing appeal for workforce and household renters.
Neighborhood occupancy is measured at the neighborhood level and has been stable, with the area’s occupancy rate and renter-occupied share indicating durable demand. Specifically, 72.3% of housing units are renter-occupied, pointing to a sizable tenant base and depth for multifamily leasing. Median contract rents in the neighborhood have risen over the last five years, while neighborhood occupancy has trended up, supporting consistent absorption.
Within a 3-mile radius, demographic data show modest population growth historically and a larger projected increase in households, suggesting a broader tenant base ahead and potential support for occupancy stability. The surrounding area’s household incomes have advanced over time, and the combination of elevated home values and a high value-to-income ratio aligns with a high-cost ownership market that tends to sustain renter reliance on multifamily housing.
Vintage positioning matters for competitiveness. The asset’s 1990 construction is older than the neighborhood’s average vintage (2000), which may present value-add opportunities through targeted renovations and system updates to meet tenant expectations amid strong amenity access and renter demand.
Crime conditions should be assessed comparatively and over time. At the metro level, the neighborhood’s crime rank is 390 out of 889, placing it above the metro median. Nationally, safety indicators benchmark below average, but recent trend data show improvement with double-digit declines in both violent and property offense rates year over year, according to CRE market data from WDSuite. Investors typically view a combination of above-metro positioning and improving trends as constructive for retention and leasing stability, while still underwriting prudent security and operating practices.
Proximity to major employers supports commuter convenience and renter retention in this part of Queens. Notable nearby employers include JetBlue, Prudential, Lockheed Martin, Loews, and HRG Group.
- Jetblue Airways — airlines (5.7 miles) — HQ
- Prudential — insurance & financial services (6.1 miles)
- Lockheed Martin — defense & aerospace offices (7.3 miles)
- Loews — diversified holdings (7.4 miles) — HQ
- HRG Group — diversified holdings (7.4 miles) — HQ
This 34-unit, 1990-vintage asset in Flushing sits within a renter-heavy neighborhood where amenity density is a differentiator and neighborhood occupancy has trended upward. Elevated home values and a high value-to-income profile point to a high-cost ownership market, supporting renter reliance and depth of demand. According to CRE market data from WDSuite, the neighborhood’s overall standing is competitive in the metro and amenity access benchmarks in high national percentiles, which can reinforce leasing velocity when paired with thoughtful renovations.
The 1990 construction is older than the neighborhood average, suggesting a clear value-add path through unit and common-area modernization to compete with newer stock. Within a 3-mile radius, households are projected to expand, indicating a larger tenant base over time. Investors should also account for affordability pressure (rent-to-income dynamics) and maintain conservative underwriting on expenses and retention where appropriate.
- Renter-heavy area with stable neighborhood occupancy supports demand depth and retention.
- High national amenity access percentiles reinforce leasing appeal and day-to-day livability.
- 1990 vintage offers value-add upside via targeted renovations to compete with newer stock.
- High-cost ownership market sustains multifamily reliance, supporting occupancy stability.
- Risks: affordability pressure from rent-to-income dynamics; maintain prudent underwriting on renewals and expenses.