| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 58th | Fair |
| Amenities | 100th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3750 76th St, Jackson Heights, NY, 11372, US |
| Region / Metro | Jackson Heights |
| Year of Construction | 1974 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3750 76th St, Jackson Heights Multifamily Opportunity
Positioned in an amenity-dense Queens neighborhood with stable renter demand, this asset benefits from neighborhood occupancy above the metro median according to WDSuite’s CRE market data. The thesis centers on durable leasing fundamentals supported by high renter concentration and strong transit-proximate retail density.
Jackson Heights’ Urban Core location offers daily convenience that supports tenant retention: restaurants, groceries, pharmacies, parks, and cafes score at the top end of national comparisons, reflecting a walkable, service-rich environment. Neighborhood occupancy is above the metro median, suggesting steady leasing conditions relative to peers in the New York-Jersey City-White Plains metro, based on CRE market data from WDSuite.
The surrounding area shows a high share of renter-occupied housing units (renter concentration) at the neighborhood level, indicating a deep tenant base for multifamily product. Within a 3-mile radius, households have grown in recent years and are projected to increase further, pointing to a larger tenant base and supporting occupancy stability. Forecasts also indicate smaller average household sizes ahead, which can sustain demand for efficient units and studios.
Home values in the neighborhood are elevated versus national norms, which tends to reinforce renter reliance on multifamily housing and can support pricing power. Median contract rents sit higher than many U.S. neighborhoods, while rent-to-income ratios imply some affordability pressure—an important consideration for lease management and renewal strategy.
Vintage matters for competitive positioning: built in 1974, the property is newer than much of the area’s older housing stock (average construction year skews earlier), which can help differentiate versus prewar product. Even so, investors should plan for modernization of aging systems or targeted upgrades to maintain competitiveness and drive rent positioning.
Neighborhood ratings and demographics compare favorably: overall neighborhood quality is rated highly locally, with housing and amenity measures placing in stronger national percentiles. Average school ratings sit near the national midpoint, which neither anchors nor detracts from demand in this primarily renter-driven location.
Safety indicators benchmark below the national median, but recent year-over-year data show material declines in both violent and property offense rates, according to WDSuite’s CRE market data. For investors, the key takeaway is trend direction: improving conditions can support leasing stability, while the below-median national position suggests prudent underwriting for security measures and operating reserves.
Contextualizing at the neighborhood level within the New York-Jersey City-White Plains metro, the area shows competitive positioning versus many urban core locations, with ongoing improvement momentum. Operators commonly address this profile through access control, lighting, and resident engagement—tactics that can help sustain retention.
Proximity to major employers supports a broad workforce renter base and short commutes. Nearby demand drivers include JetBlue (airlines), Lockheed Martin (defense & aerospace offices), Pfizer (pharmaceuticals), Citigroup (banking), and HRG Group (holding company).
- JetBlue Airways — airlines (2.6 miles) — HQ
- Lockheed Martin — defense & aerospace offices (4.3 miles)
- Pfizer — pharmaceuticals (4.3 miles) — HQ
- Citigroup — banking (4.4 miles) — HQ
- HRG Group — holding company (4.4 miles) — HQ
3750 76th St combines scale and location fundamentals in a renter-heavy Queens neighborhood where occupancy trends run above the metro median and amenity access is exceptional. Built in 1974, the asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older buildings while still warranting targeted system upgrades and cosmetic improvements to maximize rent positioning. Within a 3-mile radius, households and incomes have risen and are projected to continue growing, indicating a larger tenant base and potential for sustained leasing velocity; according to CRE market data from WDSuite, neighborhood rent levels and elevated ownership costs tend to reinforce multifamily demand.
Investor focus points include dependable demand drivers (high renter concentration, walkable retail density, and access to diverse employment nodes) balanced against considerations such as mid-pack school ratings, below-national-median safety benchmarks with improving trends, and the need to manage affordability pressure through thoughtful renewals and unit mix strategy.
- Amenity-rich Urban Core location with neighborhood occupancy above metro median, supporting leasing durability.
- 1974 vintage offers competitive positioning versus older stock, with value-add via targeted modernization.
- High renter concentration and proximity to major employers support a deep, diverse tenant base.
- Elevated ownership costs locally tend to sustain multifamily demand and pricing power with careful lease management.
- Risks: below-national-median safety profile (improving), mid-range schools, and affordability pressure requiring disciplined underwriting.