| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 46th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14440 Roosevelt Ave, Flushing, NY, 11354, US |
| Region / Metro | Flushing |
| Year of Construction | 1976 |
| Units | 23 |
| Transaction Date | 1998-08-28 |
| Transaction Price | $1,090,000 |
| Buyer | Z & H REALTY LLC |
| Seller | 144-40 ROOSEVELT LLC |
14440 Roosevelt Ave, Flushing NY Multifamily Investment
Steady neighborhood occupancy and a deep renter base support income durability, according to WDSuite s CRE market data. Location fundamentals in Flushing a Queens a favor renter demand relative to ownership, with pricing power tied to amenity-rich, Urban Core dynamics.
Neighborhood quality is rated A- and ranks among the top quartile of 889 New York aJersey City aWhite Plains metro neighborhoods, signaling competitive fundamentals for multifamily investors. The area a classified as Urban Core a shows neighborhood occupancy around the national upper tier, supporting income stability and leasing consistency based on CRE market data from WDSuite.
Amenity access is a clear strength: the neighborhood sits in the 99th percentile nationally for restaurants and cafes, and near the top for groceries and pharmacies. This concentration of daily needs and dining helps reduce resident friction and can enhance retention. Parks and childcare options benchmark above national norms as well, reinforcing overall livability for renters.
Tenure data point to a deep tenant pool: renter-occupied share is high for the metro (97th percentile nationally), which generally supports demand depth and lease-up velocity for small and mid-size multifamily assets. Median contract rents in the neighborhood trend above the national median while remaining aligned with an amenity-rich location a a setup that often rewards thoughtful renovation and professional management.
Within a 3-mile radius, demographics indicate household growth over the last five years and projections for additional increases by 2028, which implies a larger tenant base over time. Population trends show a mix of ages with a meaningful share of working-age residents; combined with expected income gains, this supports ongoing multifamily demand and occupancy stability. Elevated home values relative to incomes in the neighborhood context suggest a high-cost ownership market a conditions that typically sustain renter reliance on multifamily housing.
The asset a built in 1977 a is older than the neighborhood as average construction year (1984). For investors, that often translates to potential value-add through modernization and targeted capital planning to improve competitive positioning against newer stock.
Safety indicators benchmark below the national midpoint for comparable urban neighborhoods, so underwriting should incorporate prudent assumptions for operating practices and security measures. At the same time, both violent and property offense estimates show year-over-year improvement in the neighborhood, with declines that compare favorably to national trends, according to WDSuite as CRE market data.
In metro context, conditions vary meaningfully across New York aJersey City aWhite Plains neighborhoods; this location tracks closer to the denser Urban Core profile. For investors, the takeaway is to emphasize professional management, resident screening, and lighting/access controls while recognizing recent positive momentum in reported offense trends.
Proximity to major employers supports commuter convenience and helps diversify renter demand, notably across aviation, financial services, aerospace, and diversified holdings. Nearby anchors include JetBlue Airways, Prudential, Lockheed Martin, Loews, and HRG Group.
- Jetblue Airways a aviation HQ & operations (6.3 miles) a HQ
- Prudential a financial services offices (6.7 miles)
- Lockheed Martin a defense & aerospace offices (7.8 miles)
- Loews a diversified holdings offices (7.9 miles) a HQ
- HRG Group a diversified holdings offices (7.9 miles) a HQ
This 23-unit property in Flushing benefits from Urban Core fundamentals: neighborhood occupancy trends sit above the national midpoint and renter concentration is elevated, indicating healthy depth of tenant demand. Elevated home values relative to income levels in the neighborhood context tend to sustain reliance on rentals, which can support pricing power for well-managed assets. According to CRE market data from WDSuite, the area as amenity density ranks near the top nationally, a factor that often underpins retention and leasing velocity.
Built in 1977, the asset is older than the neighborhood as average stock, pointing to value-add potential through modernization and selective capital improvements to enhance competitive positioning. Within a 3-mile radius, households have increased over the past five years and are projected to continue rising by 2028, implying a larger renter pool over time and supporting occupancy stability. Balanced underwriting should still account for affordability pressure and safety metrics that benchmark below national medians, even as offense rates have trended lower year over year.
- Occupancy sits in the national upper tier with strong renter concentration, supporting demand depth
- Amenity-dense Urban Core location near top national percentiles for daily needs and dining
- 1977 vintage offers clear value-add potential through modernization and targeted capex
- 3-mile household growth and projected increases by 2028 point to a larger tenant base
- Risks: rent-to-income pressures and safety metrics below national midpoints a mitigated by professional management and recent offense-rate declines