| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 50th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14016 45th Ave, Flushing, NY, 11355, US |
| Region / Metro | Flushing |
| Year of Construction | 1996 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14016 45th Ave Flushing Multifamily Investment Thesis
Neighborhood fundamentals show a high renter-occupied share and steady occupancy, according to WDSuite’s CRE market data, supporting durable tenant demand in Queens’ urban core. Positioning caters to workforce renters where ownership costs are elevated, aiding lease retention and pricing discipline.
This Queens Urban Core location benefits from a deep renter base and stable neighborhood occupancy. The renter-occupied share is elevated (measured for the neighborhood, not the property), indicating depth of tenant demand and a broader leasing pool for multifamily operators. Neighborhood occupancy has trended higher over the past five years, supporting income stability relative to many metro peers.
Livability drivers are strong for daily needs: restaurant and cafe density ranks in the top tier nationally, while grocery and park access also score high by national percentile. School quality trends above national averages, which can support retention among households seeking longer-term rental options. Notably, the area has fewer nearby pharmacies and childcare options, which can be a convenience consideration for some residents.
Home values in the neighborhood are elevated versus national norms, a high-cost ownership environment that tends to reinforce reliance on rental housing and support pricing power for well-managed assets. The neighborhood rent-to-income ratio sits at a level consistent with manageable lease payments, which can aid retention and reduce turnover risk.
Within a 3-mile radius, demographics indicate a large population base with modest recent change and a rise in households, pointing to smaller household sizes and a broader renter pool over time. Forward-looking projections in the 3-mile area call for household growth, which supports demand for rental units and occupancy stability for professionally managed properties.
The property’s 1996 vintage is newer than much of the neighborhood housing stock (which skews mid-20th century), offering relative competitiveness versus older buildings. Investors should still plan for modernization of aging systems and common areas to maintain positioning against newer product across the metro.
Safety outcomes in this neighborhood are mixed when viewed against metro and national benchmarks. Relative to other neighborhoods in the New York–Jersey City–White Plains metro (889 total neighborhoods), the area sits below the metro median for safety, and national percentiles indicate crime rates less favorable than the nationwide average. However, both violent and property offenses have posted year-over-year declines, signaling improving trends that investors can monitor as part of ongoing asset management.
Nearby employment anchors across finance, airlines, and diversified corporations help sustain renter demand through commute convenience. Key nodes include Prudential, JetBlue Airways, Lockheed Martin, Loews, and Citigroup within roughly 6–8 miles, supporting leasing and retention for workforce-oriented apartments.
- Prudential — insurance (6.1 miles)
- Jetblue Airways — airline HQ & operations (6.2 miles) — HQ
- Lockheed Martin — defense & aerospace offices (7.9 miles)
- Loews — diversified holding company (7.9 miles) — HQ
- Citigroup — financial services (8.0 miles) — HQ
14016 45th Ave sits in a renter-heavy Queens location where neighborhood occupancy has remained resilient and food-and-park amenities are competitive nationally. Elevated local home values point to a high-cost ownership market, reinforcing reliance on multifamily housing and supporting pricing power for well-operated assets. According to CRE market data from WDSuite, the neighborhood’s renter concentration and above-median occupancy provide a favorable backdrop for income durability.
Built in 1996, the asset is newer than much of the surrounding housing stock, offering relative competitive positioning versus older buildings while warranting targeted modernization of systems and interiors to meet current renter expectations. Within a 3-mile radius, households have been growing and are projected to expand further, implying a larger tenant base and support for lease-up and retention over the medium term.
- Renter-heavy neighborhood and above-median occupancy support income stability
- High-cost ownership environment reinforces multifamily demand and pricing power
- 1996 vintage offers competitive stance versus older stock with value-add modernization potential
- 3-mile household growth outlook expands the prospective tenant base
- Risks: safety outcomes below national averages and limited nearby pharmacies/childcare warrant active management