| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 46th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4316 Union St, Flushing, NY, 11355, US |
| Region / Metro | Flushing |
| Year of Construction | 2013 |
| Units | 22 |
| Transaction Date | 2011-12-20 |
| Transaction Price | $1,350,000 |
| Buyer | FENG TAI LLC |
| Seller | 43-18 UNION LLC |
4316 Union St Flushing NY Multifamily Investment
Stabilized renter demand and a deep local tenant base support consistent performance at the neighborhood level, according to WDSuite’s CRE market data. For investors, this urban core location in Flushing offers durable occupancy with pricing set by a high-cost ownership market rather than by new supply.
Flushing’s urban core fundamentals are competitive, with the neighborhood rated A- and ranking in the top quartile among 889 metro neighborhoods for overall performance. Dense retail and daily-needs access stand out: restaurants, groceries, pharmacies, and cafés all score in the upper national percentiles, which helps sustain leasing velocity and supports retention.
Neighborhood occupancy is strong at the area level and sits above national averages (71st percentile), a useful backdrop for stabilizing revenue in typical cycles. Renter-occupied share is elevated (near the 97th percentile nationally), indicating a sizable base of renter households that can deepen demand and reduce exposure to one-off move-outs. In this context, the property’s 2013 vintage is newer than the neighborhood average stock (1984), which can help competitive positioning while still warranting routine systems modernization over the hold.
Within a 3-mile radius, demographic data show modest population shifts but an increase in households over the last five years, pointing to smaller household sizes and a larger renter pool over time. Forward-looking figures indicate additional household growth, which supports occupancy stability and leasing depth. For investors conducting multifamily property research, these patterns suggest consistent demand drivers rather than reliance on a single cohort.
Home values in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), reinforcing reliance on rental housing and supporting pricing power. At the same time, rent-to-income ratios are high locally, which calls for attentive lease management and renewal strategies to mitigate affordability pressure.
Safety indicators are mixed. The neighborhood’s crime rank is stronger than many peers in the New York–Jersey City–White Plains metro (ranked 245 among 889), suggesting comparative resilience within the region. However, national percentiles for both violent and property offenses sit below average, indicating a tougher national comparison.
Recent trend data are constructive, with year-over-year declines in both violent and property offense estimates. Investors should consider standard measures for security and lighting, but the metro-relative standing and improving trend provide useful context for underwriting.
Proximity to major corporate offices supports commuter demand and leasing retention, with access to roles in airlines, financial services, and diversified corporates reflected below.
- Jetblue Airways — airline HQ (6.2 miles) — HQ
- Prudential — financial services offices (6.2 miles)
- Lockheed Martin — defense & aerospace offices (7.8 miles)
- Loews — diversified holding company (7.9 miles) — HQ
- HRG Group — investment holding company (7.9 miles) — HQ
Built in 2013 with 22 units averaging roughly 418 square feet, the property offers newer-vintage differentiation versus the neighborhood’s older housing stock. That positioning, combined with a renter-heavy neighborhood and above-average occupancy at the area level, supports steady leasing and competitive standing. Elevated home values relative to income further reinforce reliance on rental housing and can sustain pricing power.
Within a 3-mile radius, households have increased despite modest population movement, expanding the local renter pool and supporting occupancy stability. According to CRE market data from WDSuite, the neighborhood’s occupancy trend and amenity density are constructive, while high rent-to-income ratios argue for disciplined renewal and concession strategy to balance retention and rent growth.
- Newer 2013 vintage versus local average stock, reducing near-term capex risk and aiding competitive positioning.
- Renter-occupied share is high at the neighborhood level, supporting a deep tenant base and durable leasing.
- Amenity-rich urban core with strong national percentiles for daily-needs access, aiding retention.
- Household growth within 3 miles points to a larger renter pool and supports occupancy stability.
- Risk: High rent-to-income ratios require careful lease management to maintain retention and collections.