| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 46th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14410 Roosevelt Ave, Flushing, NY, 11354, US |
| Region / Metro | Flushing |
| Year of Construction | 1973 |
| Units | 84 |
| Transaction Date | 1999-08-27 |
| Transaction Price | $4,355,000 |
| Buyer | BK PROPERTY ONE LLC |
| Seller | DHK PROPERTY ONE LLC |
14410 Roosevelt Ave Flushing NY Multifamily Investment
High renter concentration and an amenity-rich urban core support durable leasing, while the 1973 vintage points to value-add potential, according to WDSuite’s CRE market data.
Situated in Flushing’s Urban Core, the neighborhood ranks 151 out of 889 metro neighborhoods, making it competitive among New York–Jersey City–White Plains submarkets. Amenity access is a clear strength: cafes, groceries, restaurants, and pharmacies place the area in the top national percentiles, which supports renter convenience and day-to-day livability for residents.
Neighborhood occupancy is around the mid-90s and has trended higher over the past five years, indicating stable demand and limited downtime between turns. The share of housing units that are renter-occupied is high for the metro, deepening the tenant base and supporting lease-up and retention for multifamily assets.
Within a 3-mile radius, demographic statistics show modest population change alongside growth in households and families, suggesting smaller average household sizes and a larger renter pool over time. Forecasts point to further household gains through the next five years, which can help sustain occupancy stability and absorption for well-located multifamily. Median contract rents in the area have risen over the last cycle and are projected to continue increasing, reinforcing the case for consistent rent rolls when product is positioned correctly.
Home values in the neighborhood are elevated relative to income levels (near the top decile nationally on value-to-income), which signals a high-cost ownership market. For multifamily investors, this tends to reinforce renter reliance on apartments and can support pricing power, though lease management should account for affordability pressure. Average school ratings are around the national midpoint, which is serviceable for broad renter appeal but not a distinct differentiator.
The property’s 1973 construction is older than the neighborhood’s average vintage (1984), creating potential for targeted capital improvements and renovations to enhance competitive positioning against newer stock.
Safety indicators are mixed. Compared with neighborhoods nationwide, overall crime metrics sit below national safety benchmarks (national percentile around the lower half), and violent offense rates are weaker relative to peers. However, year-over-year trends show double-digit declines in both violent and property offenses, indicating recent improvement momentum.
Within the region, the neighborhood’s crime rank sits in the lower third of the 889 New York–Jersey City–White Plains neighborhoods, reflecting a need to underwrite security measures and tenant experience carefully, while also acknowledging the positive directional trend.
The area draws on a diverse employment base across airlines, financial services, hospitality, and aerospace within an approximately 6–8 mile commute, supporting workforce housing demand and lease retention for nearby multifamily. Featured employers include JetBlue, Prudential, Lockheed Martin, Loews, and HRG Group.
- JetBlue Airways — airline HQ (6.2 miles) — HQ
- Prudential — financial services (6.7 miles)
- Lockheed Martin — aerospace & defense offices (7.8 miles)
- Loews — hospitality & holdings (7.8 miles) — HQ
- HRG Group — diversified holdings (7.9 miles) — HQ
This 84-unit, 1973-vintage asset in Flushing benefits from a deep renter base, amenity-rich surroundings, and neighborhood occupancy in the mid-90s, supporting steady leasing. Elevated ownership costs in the area help sustain renter demand, while smaller-average unit sizes can appeal to efficiency-seeking tenants and support rent-per-foot strategies. According to CRE market data from WDSuite, neighborhood renter concentration is high and occupancy has risen in recent years, reinforcing demand durability.
Near-term upside centers on value-add renovations and operational improvements to compete with newer stock, while demand fundamentals are underpinned by household growth within a 3-mile radius and a strong employment base within an 8-mile commute. Key risks to underwrite include affordability pressure (given rent-to-income dynamics) and safety metrics that, while improving year over year, remain below national benchmarks.
- Amenity-dense Urban Core location with competitive metro ranking (151 of 889) supporting day-to-day renter convenience
- Mid-90s neighborhood occupancy and high renter-occupied share indicate depth of tenant demand
- 1973 vintage creates value-add and capital planning opportunities to drive rent and retention
- Elevated ownership costs reinforce rental reliance, aiding pricing power for well-positioned units
- Risk: affordability pressure and below-average national safety metrics require prudent underwriting and asset management