| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 46th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14074 34th Ave, Flushing, NY, 11354, US |
| Region / Metro | Flushing |
| Year of Construction | 1987 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14074 34th Ave Flushing Multifamily Investment, 44 Units
Neighborhood occupancy is solid and renter demand is deep in this Queens urban core, according to WDSuite’s CRE market data, supporting stable leasing conditions at the property level. Metrics cited reflect the surrounding neighborhood rather than the property itself.
Situated in Flushing’s Urban Core, the property benefits from a strong amenities base and durable renter demand drivers. Neighborhood occupancy trends are above the metro median among 889 New York–Jersey City–White Plains neighborhoods, and the share of renter-occupied housing is in the top quartile nationally — factors that typically support a deeper tenant base and steadier lease-up for multifamily.
Amenity access is a local strength, with concentrations of restaurants, groceries, pharmacies, and cafes all ranking among the highest nationally. This walkable context can reinforce retention and sustained renter interest, particularly for smaller-format units common in Queens.
Within a 3-mile radius, households increased over the past five years and are forecast to expand further through 2028, while average household size is trending lower. For investors, a growing number of households alongside smaller household sizes points to a larger renter pool and demand for efficient units — consistent with the asset’s average unit size. Based on commercial real estate analysis from WDSuite, median home values in the neighborhood are elevated relative to income, which tends to sustain reliance on rental housing and can support pricing power over the cycle.
Vintage is also relevant: built in 1987 versus a neighborhood average from the mid‑1980s, the property is slightly newer than much of the surrounding stock. That can aid competitive positioning against older buildings, while still warranting targeted modernization and systems planning to capture value-add upside.
Safety indicators are mixed and should be evaluated in context. The neighborhood’s crime rank sits at 245 out of 889 metro neighborhoods, indicating comparatively higher incidents versus much of the metro. Nationally, safety percentiles are below the median; however, recent year-over-year data show declines in both violent and property offenses, suggesting some improvement in trend direction. These are neighborhood measures, not property-specific conditions.
Nearby corporate employment anchors help underpin renter demand and commute convenience for workforce tenants, including JetBlue Airways, Prudential, Lockheed Martin, Loews, and HRG Group.
- JetBlue Airways — airlines (6.1 miles) — HQ
- Prudential — insurance & financial services (7.0 miles)
- Lockheed Martin — defense & aerospace offices (7.6 miles)
- Loews — hospitality & diversified holdings (7.6 miles) — HQ
- HRG Group — holding company (7.7 miles) — HQ
This 44‑unit 1987 vintage asset is positioned within a renter-heavy Queens neighborhood where occupancy trends run above the metro median and amenities are a competitive advantage. The surrounding 3‑mile area shows household growth with declining household sizes, pointing to a larger tenant base for smaller, efficient units. Elevated ownership costs locally reinforce reliance on rental housing, while rent levels relative to income suggest the need for disciplined lease management. According to CRE market data from WDSuite, these dynamics support steady demand while leaving room for targeted value-add to sharpen positioning against older stock.
Investor considerations include planning for ongoing modernization typical of late‑1980s construction and monitoring neighborhood safety, which, while showing year-over-year improvement, remains weaker than many metro peers. Affordability pressure should be managed through unit mix, concessions strategy, and retention-focused operations.
- Renter-heavy neighborhood with above-metro occupancy supports stable leasing
- Strong amenities and employment access bolster tenant retention
- 1987 vintage allows value-add and systems upgrades to outcompete older stock
- Elevated ownership costs sustain rental demand and pricing power potential
- Risks: affordability pressure and below-metro safety require proactive lease and asset management