| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 50th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4535 Kissena Blvd, Flushing, NY, 11355, US |
| Region / Metro | Flushing |
| Year of Construction | 2000 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4535 Kissena Blvd Flushing Multifamily Investment Opportunity
Stabilized renter demand and a high-cost ownership landscape in Flushing support durable occupancy and pricing discipline, according to WDSuite’s CRE market data.
Located in Flushing’s Urban Core (Queens), the property benefits from dense retail and transit access that underpin consistent renter demand. Neighborhood occupancy is 95.4% and has edged higher over the past five years, placing the area above national averages for stability. Renter-occupied housing accounts for a meaningful share of units (62.1%), indicating depth in the tenant base for multifamily. These metrics reflect neighborhood conditions, not the property itself, and are based on CRE market data from WDSuite.
Amenity access is a relative strength: restaurants and cafes score in the upper national percentiles (restaurants ~98th, cafes ~99th), and grocery and park access each sit near the 90th percentile. Average school ratings are solid (about 3.7 out of 5; roughly 75th percentile nationally). Within the New York–Jersey City–White Plains metro, the neighborhood’s overall standing is competitive among 889 neighborhoods (ranked 420 of 889; B rating), supporting leasing velocity for workforce and conventional renters.
Home values are elevated (near the 97th national percentile) and the value-to-income ratio ranks among the highest locally, a combination that tends to reinforce reliance on rental housing and supports lease retention. Median contract rents in the neighborhood sit near the upper quartile nationally, while a rent-to-income ratio around 0.27 suggests manageable affordability pressure for existing renters, helping limit turnover risk when paired with the area’s amenity base.
Demographic statistics aggregated within a 3-mile radius show a slight recent population dip, but households increased by roughly 4% and are projected to rise further by 2028 as average household size trends lower. This shift implies a larger renter pool and supports occupancy stability over time, especially for well-located assets. Notably, the neighborhood’s average construction year is 1954; by contrast, a 2000 vintage offers more contemporary systems and finishes relative to older stock, improving competitive positioning while still allowing room for targeted upgrades.
Safety indicators are mixed. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank sits in the top quartile among 889 neighborhoods, yet national comparisons place overall safety below the midpoint. Recent trends are constructive: estimated violent offenses declined by about 31% year over year and estimated property offenses fell by about 21%, according to WDSuite’s CRE market data.
Investors should interpret these signals as improving but still variable versus national benchmarks. As always, underwriting should account for sub-area differences and property-level security measures rather than relying on block-level assumptions.
Proximity to diversified employers supports renter demand through commute convenience, including financial services, airlines, industrial/aerospace, and hospitality. The list below highlights nearby anchors relevant to leasing and retention.
- Prudential — corporate offices (6.0 miles)
- Jetblue Airways — airline HQ (6.2 miles) — HQ
- Lockheed Martin — defense & aerospace offices (7.9 miles)
- Citigroup — financial services (8.0 miles) — HQ
- Loews — hospitality & holdings (8.0 miles) — HQ
4535 Kissena Blvd offers 70 units in a neighborhood with above-average occupancy and a large renter-occupied housing base, supporting demand durability. The 2000 construction is newer than the area’s mid-century average, providing competitive positioning versus older stock and potential value-add via targeted modernization. Elevated ownership costs in the area further sustain reliance on rentals, while amenity density and steady household growth within a 3-mile radius support lease-up and retention. According to CRE market data from WDSuite, neighborhood occupancy trends and amenity access compare favorably to national benchmarks.
Key considerations include mixed but improving safety indicators and recent population softness offset by projected household gains and smaller household sizes, which can expand the renter pool. Underwriting should reflect achievable rent levels relative to income, keeping affordability pressure and renewal strategies in view.
- Stable neighborhood occupancy and sizeable renter-occupied share support demand and retention
- 2000 vintage out-competes older local stock with room for selective value-add
- High-cost ownership market underpins sustained reliance on multifamily rentals
- Dense amenity base and household growth within 3 miles bolster leasing fundamentals
- Risks: mixed national safety positioning and recent population softness warrant prudent underwriting