| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 35th | Poor |
| Amenities | 77th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10929 Sutphin Blvd, Jamaica, NY, 11435, US |
| Region / Metro | Jamaica |
| Year of Construction | 2004 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10929 Sutphin Blvd, Jamaica NY Multifamily Investment
Built in 2004 amid an older housing stock, this 34-unit asset competes well locally, with renter demand supported by elevated ownership costs and steady household growth within a 3-mile radius, according to CRE market data from WDSuite.
Jamaica sits within the New York–Jersey City–White Plains metro and carries a B- neighborhood rating. Amenity access is competitive among metro neighborhoods (ranked 291 of 889), with dense everyday retail such as groceries and pharmacies testing in high national percentiles. Restaurants and cafes are present at levels that support day-to-day convenience, though park access ranks at the bottom of the metro, which may limit outdoor recreation options nearby.
The area’s renter-occupied share of housing units is 40.7% (80th percentile nationally), indicating a sizable base of renters that supports multifamily demand and leasing durability. Neighborhood occupancy is in the mid-90s and trends above the national median, reinforcing baseline stabilization potential during typical cycles. Median contract rents track above national levels, while the rent-to-income profile suggests manageable affordability pressure relative to many coastal peers—useful for lease retention strategies.
Within a 3-mile radius, population has inched higher over the past five years while households grew faster and average household size edged down. This combination points to a gradually expanding tenant base and more, smaller households entering the market—factors that can support occupancy stability and unit absorption. Forward-looking projections indicate continued household growth alongside rising incomes, further deepening the renter pool over time based on multifamily property research from WDSuite.
Vintage context matters: neighborhood housing skews older (average year 1953), so a 2004-built property offers a relative quality edge versus much of the surrounding stock. That newer vintage can reduce near-term capital exposure versus prewar assets while still leaving room for targeted modernization to sharpen competitive positioning.
Safety indicators in this neighborhood track below the national median, and the area is not among the top-performing safety clusters in the metro. However, recent data show year-over-year declines in both violent and property offense rates, suggesting conditions have been improving versus prior periods. Investors should underwrite to current trends while monitoring trajectory rather than assuming rapid convergence to safer national benchmarks.
Compared with neighborhoods nationwide, the neighborhood lands in a lower safety tier, while its metro rank places it outside the top quartile among the 889 New York–Jersey City–White Plains neighborhoods. For underwriting, consider security, lighting, and tenant experience measures that align with local norms and support retention.
The location draws on a broad Queens–Manhattan employment base, with nearby corporate offices in financial services, airlines, pharmaceuticals, technology, and aerospace that help sustain renter demand and commuting convenience. Notable nearby employers include Prudential, JetBlue Airways, Pfizer, Verizon, and Lockheed Martin.
- Prudential — financial services (3.3 miles)
- JetBlue Airways — airlines (8.5 miles) — HQ
- Pfizer — pharmaceuticals (10.1 miles) — HQ
- Verizon Communications — telecommunications (10.1 miles)
- Lockheed Martin — defense & aerospace offices (10.2 miles)
This 34-unit asset, built in 2004, offers a relative quality advantage versus an older neighborhood base and benefits from a large renter pool. Neighborhood occupancy trends above the national median and the renter-occupied share is high for the U.S., supporting depth of demand and lease-up resilience. Elevated home values in Queens signal a high-cost ownership market that can reinforce reliance on rental housing, while a 3-mile view shows modest population growth, faster household formation, and smaller household sizes—factors that expand the tenant base and support stable absorption.
According to commercial real estate analysis from WDSuite, amenity access is competitive for the metro, with strong proximity to groceries, pharmacies, and everyday retail that underpins daily convenience. While parks and school quality are weaker relative to national benchmarks and safety trends sit below the national median, recent year-over-year offense declines are a constructive signal. The property’s mid-2000s vintage reduces immediate system-replacement risk compared with older stock, while targeted renovations can enhance positioning and rent attainment.
- 2004 construction offers a competitive edge versus older neighborhood stock with manageable near-term capital needs
- Large renter base and above-national-median neighborhood occupancy support demand stability and retention
- High-cost ownership market in Queens helps sustain multifamily pricing power and leasing velocity
- Competitive amenity access (groceries, pharmacies, everyday retail) enhances livability for tenants
- Risks: below-national safety and weaker school ratings; consider security and capex plans aligned with local norms