| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 54th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13614 Northern Blvd, Flushing, NY, 11354, US |
| Region / Metro | Flushing |
| Year of Construction | 2001 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13614 Northern Blvd, Flushing NY Multifamily Investment
Neighborhood indicators point to steady renter demand and durable occupancy, according to WDSuite’s CRE market data, supporting a long-term hold thesis in an amenity-rich Queens location.
Located in Flushing’s Urban Core, the property benefits from one of Queens’ densest retail and dining clusters. Neighborhood amenity access sits in the top decile nationally, with restaurants, cafes, groceries, and pharmacies all at or near the 100th percentile compared with neighborhoods nationwide, according to WDSuite. For a multifamily asset, that concentration supports daily convenience, foot traffic, and leasing velocity.
Renter concentration in the neighborhood is high, with roughly two-thirds of housing units renter-occupied. That depth of renter households typically underpins a wider tenant base and helps stabilize occupancy through cycles. Neighborhood occupancy is above national medians and has trended higher over the last five years, reinforcing a case for consistent collections and lower downtime between turns.
Construction vintage for the subject (built 2001) is slightly newer than the neighborhood’s average stock (late-1990s). Newer construction can aid competitive positioning versus older walk-ups while still warranting capital planning for systems modernization and common-area upgrades to meet current renter expectations.
Within a 3-mile radius, demographic data show households increasing despite modest population fluctuation, alongside smaller average household sizes over time. This pattern generally expands the pool of potential renters and supports lease-up and retention, especially for smaller unit mixes. Median contract rents in the neighborhood track above many U.S. areas, while elevated home values in Queens signal a high-cost ownership market—factors that tend to sustain rental demand. Investors should also monitor rent-to-income ratios, which indicate some affordability pressure and call for disciplined lease management.
Safety metrics in the surrounding neighborhood compare weaker than national averages, with violent and property offense rates positioned in lower national percentiles. For underwriting, this argues for realistic assumptions on security measures and potential insurance costs.
That said, recent year-over-year trends show notable declines in both violent and property offense estimates, according to WDSuite’s CRE market data. If sustained, improving trajectories can help support leasing and renewal performance over time. As always, evaluate block-level conditions, lighting, and property management policies as part of on-site diligence rather than relying solely on broad neighborhood indicators.
Proximity to major employers across aviation, finance, and corporate services supports commuter convenience and a diversified renter base, with nearby nodes including JetBlue, Prudential, Lockheed Martin, Loews, and HRG Group.
- Jetblue Airways — airline HQ and corporate functions (5.7 miles) — HQ
- Prudential — financial services offices (6.7 miles)
- Lockheed Martin — defense & aerospace offices (7.3 miles)
- Loews — diversified holdings corporate offices (7.3 miles) — HQ
- HRG Group — investment holding company offices (7.4 miles) — HQ
This 63-unit asset at 13614 Northern Blvd leverages Flushing’s top-tier amenity density and a renter-heavy housing base to support occupancy stability and leasing velocity. Elevated ownership costs across Queens point to sustained reliance on multifamily rentals, while neighborhood occupancy trends remain healthy relative to national patterns. Built in 2001, the property is slightly newer than the local average vintage, providing competitive positioning versus older stock and potential to unlock value through targeted renovations and systems updates.
Within a 3-mile radius, WDSuite’s commercial real estate analysis indicates households are expanding and average household size is edging lower—dynamics that typically enlarge the tenant pool and can help support rent growth management over time. Investors should balance these strengths against affordability pressures and neighborhood safety metrics by calibrating renewal strategies, unit finishes, and security measures.
- Amenity-rich Urban Core location supports demand and leasing velocity.
- High renter-occupied share indicates a deep tenant base and occupancy stability.
- 2001 construction offers competitive positioning with value-add potential via modernization.
- 3-mile household growth and smaller household sizes expand the renter pool, per WDSuite.
- Risks: affordability pressure and below-average safety metrics warrant conservative underwriting and proactive operations.