| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 78th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14516 34th Ave, Flushing, NY, 11354, US |
| Region / Metro | Flushing |
| Year of Construction | 1989 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14516 34th Ave, Flushing NY Multifamily Investment
Renter demand in this Urban Core pocket of Flushing is supported by dense amenities and a high-cost ownership market, according to WDSuite’s CRE market data. The neighborhood’s steady occupancy and balanced renter base point to durable leasing with prudent asset management.
Situated in Flushing’s Urban Core, the property benefits from a deep amenity set that supports resident retention. Cafes, childcare, groceries, pharmacies, and restaurants all index well nationally, with cafes and childcare density particularly strong. These daily-needs options help underpin renter convenience and reduce turnover risk, while the absence of nearby parks suggests outdoor space may be a differentiator if provided on-site.
Neighborhood occupancy is solid and has trended up over five years, indicating demand stability at the neighborhood level rather than the property specifically. The share of housing units that are renter-occupied is meaningful, offering a broad tenant pool for smaller-format units. Compared with metro peers (889 neighborhoods), overall neighborhood performance sits above the metro median, and amenity access is competitive among New York–Jersey City–White Plains neighborhoods.
Home values in the neighborhood rank high nationally, characteristic of a high-cost ownership market. For multifamily investors, elevated ownership costs can reinforce reliance on rental housing, supporting pricing power and lease-up resilience. Median rents register above national norms but with rent-to-income levels that suggest manageable affordability pressure relative to many coastal submarkets, an important consideration for renewals and concessions.
Within a 3-mile radius, household counts have increased in recent years and are projected to continue rising, even as average household size declines. This combination points to a larger tenant base and more renters entering the market over time, which supports occupancy stability and absorption for well-positioned assets.
Safety indicators for the neighborhood are mixed. Relative to neighborhoods nationwide, safety measures trend below the national median, while within the New York–Jersey City–White Plains metro the area tracks near the metro median among 889 neighborhoods. Recent data show a modest year-over-year decline in property offenses, which is a constructive directional signal, though violent offense rates remain elevated versus national benchmarks.
For investors, this suggests underwriting should account for security line items and tenant-experience considerations, while recognizing that the broader metro context and urban amenity base can still support demand and retention.
The employment base within commuting range features corporate offices across aviation, financial services, and diversified holdings, which supports a steady renter pipeline and reduces leasing volatility. The nearby anchors listed below reflect the types of white-collar roles that underpin local multifamily demand.
- Jetblue Airways — aviation HQ (6.45 miles) — HQ
- Prudential — financial services (7.16 miles)
- Lockheed Martin — defense & aerospace offices (7.99 miles)
- Loews — diversified holdings (8.01 miles) — HQ
- HRG Group — diversified holdings (8.06 miles) — HQ
14516 34th Ave is a 37-unit 1989-vintage asset positioned in a high-amenity Urban Core neighborhood of Queens. The late-1980s vintage is relatively newer than the neighborhood average, suggesting competitive positioning versus older stock while still leaving room for targeted system upgrades or interior improvements to drive value-add returns. According to CRE market data from WDSuite, neighborhood occupancy remains healthy with upward movement over five years, and elevated ownership costs in the area continue to support reliance on rental housing and lease retention.
Within a 3-mile radius, household counts have grown and are projected to expand further alongside rising incomes, indicating a larger tenant base over time. Amenity depth—particularly cafes, childcare, groceries, pharmacies, and dining—supports day-to-day livability, which can translate into lower turnover for compact unit mixes like the property’s sub-600-square-foot average. Key risks to underwrite include below-median national safety readings and limited nearby park space, which heighten the importance of security, onsite common-area programming, and unit finish quality.
- Late-1980s construction offers competitive positioning versus older local stock, with targeted modernization upside.
- Healthy neighborhood occupancy and a meaningful renter-occupied share support demand stability and leasing continuity.
- High-cost ownership market sustains renter reliance, aiding pricing power and renewal capture.
- Dense daily-needs amenities (cafes, childcare, groceries, pharmacies, restaurants) bolster livability and retention for smaller units.
- Risks: below-median national safety metrics and limited park access warrant security budgeting and asset-level tenant-experience enhancements.