| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 55th | Fair |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 76-1 150th St, Flushing, NY, 11367, US |
| Region / Metro | Flushing |
| Year of Construction | 1999 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
76-1 150th St Flushing NY Multifamily Investment
Neighborhood occupancy trends sit in the low-90s and a majority of housing units are renter-occupied, indicating a durable tenant base, according to WDSuite’s CRE market data.
Neighborhood dynamics and renter demand
Positioned in Flushing’s Urban Core, the property benefits from a B+ neighborhood rating and strong daily-needs access. Cafes, grocers, pharmacies, and parks test in the upper tiers nationally, signaling convenience that supports leasing and retention. In metro context (889 neighborhoods), these amenity levels are competitive among New York–Jersey City–White Plains neighborhoods, a practical positive for day-to-day livability and renter appeal.
Renter concentration is elevated at the neighborhood level, reinforcing depth of demand for multifamily. Neighborhood occupancy has remained resilient around the low-90% range in recent years, supporting stable operations versus broader market fluctuations. Median contract rents benchmark in the upper tier nationally, while rent-to-income readings suggest manageable affordability pressure relative to many coastal peers—useful for lease management and renewals. This balance aligns with findings from WDSuite’s commercial real estate analysis.
Vintage and positioning: With a 1999 construction date, the asset is newer than the neighborhood’s older housing stock (average vintage late-1960s), which can provide a competitive edge versus legacy buildings. Investors should still plan for periodic system upgrades and selective modernization to maintain positioning and support rent premiums.
Demographics within 3 miles: Household counts and family households have expanded over the past five years, even as average household size gradually declined—an indicator of a broadening renter pool. Forward-looking projections show modest population growth, rising median incomes, and higher projected contract rents by the mid-term, all supportive of demand stability and pricing power for well-maintained units. Elevated home values in the area point to a high-cost ownership market, which tends to sustain reliance on rental housing and bolster depth of demand for multifamily.
Schools: Average school ratings in the neighborhood sit near the middle of national comparisons. While not a primary driver, education performance can influence certain household segments and should be monitored over time alongside amenity trends.
Safety context
Neighborhood safety benchmarks are below national averages, based on WDSuite’s CRE data signals. Within the New York–Jersey City–White Plains metro (889 neighborhoods), the area does not rank among the top-performing cohorts for safety; however, recent year-over-year declines in property offenses indicate improving momentum that investors can track as part of risk management.
For underwriting, the practical takeaway is to assume a conservative stance on security line items and to weigh operational measures—lighting, access controls, and coordination with local resources—while monitoring whether the downward trend in property incidents persists.
The area draws from a diversified employment base, with major corporate offices within commutable distance that help support renter demand and retention. Notable nearby employers include Prudential, JetBlue Airways, Lockheed Martin, Pfizer, and TIAA.
- Prudential — corporate offices (4.35 miles)
- Jetblue Airways — corporate offices (6.76 miles) — HQ
- Lockheed Martin — corporate offices (8.46 miles)
- Pfizer — corporate offices (8.47 miles) — HQ
- TIAA — corporate offices (8.56 miles) — HQ
76-1 150th St is a 27-unit property delivered in 1999, positioning it newer than much of the surrounding housing stock. This relative vintage advantage supports competitiveness versus older assets, with scope for targeted upgrades to sustain rent premiums and reduce near-term capex surprises. Neighborhood occupancy trends in the low-90% range and a majority renter-occupied housing base underpin demand resiliency, while elevated ownership costs in the area tend to reinforce reliance on rental housing.
Within a 3-mile radius, household counts and incomes have trended upward, and projections call for modest population growth alongside rising median incomes—factors that typically expand the renter pool and support occupancy stability. Median contract rents are expected to advance over the mid-term; according to CRE market data from WDSuite, the neighborhood’s amenity access and high-cost ownership backdrop provide a constructive setting for well-managed, appropriately renovated units.
- 1999 vintage offers competitive positioning versus older local stock, with targeted upgrade potential
- Elevated renter concentration and resilient neighborhood occupancy support leasing stability
- Strong local amenities and commutable access to major employers reinforce demand
- High-cost ownership market sustains reliance on rentals, aiding pricing power
- Risk: safety benchmarks are below national averages; budget for security and monitor trends