| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 32nd | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13110 Guy R Brewer Blvd, Jamaica, NY, 11434, US |
| Region / Metro | Jamaica |
| Year of Construction | 1984 |
| Units | 111 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13110 Guy R Brewer Blvd Jamaica Multifamily Investment
Neighborhood fundamentals point to steady renter demand and a high-cost ownership backdrop that supports leasing durability, according to WDSuite’s CRE market data. Focus is on occupancy stability in an Urban Core pocket of Queens with strong daily-needs access and balanced, investor-relevant demographics.
Located in Jamaica, Queens, the property sits in an Urban Core neighborhood where daily-needs retail is a relative strength. Grocery and pharmacy access track in the upper national percentiles, while restaurants are plentiful; by contrast, parks and cafes are limited. For investors, this mix favors convenience-driven renters and supports day-to-day livability even without abundant open-space amenities.
Neighborhood occupancy is around the national middle, and the local renter base is meaningful. At the neighborhood level, about 36% of housing units are renter-occupied, and within a 3-mile radius renters account for roughly 45% of occupied housing. This breadth of renter-occupied units indicates a viable tenant pool and underpins leasing continuity for multifamily assets, rather than implying property-level occupancy.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue rising, with smaller average household sizes expected. This combination typically expands the renter pool and supports occupancy stability and renewal prospects for well-positioned properties.
Home values are elevated for the neighborhood relative to national benchmarks and the value-to-income ratio is high. In practical terms, this is a high-cost ownership market that can reinforce reliance on multifamily housing and support pricing power where unit-level affordability is managed. Median contract rents in the neighborhood have trended upward over the past five years, aligning with the income profile that skews above national medians, based on CRE market data from WDSuite.
The asset’s 1984 vintage is newer than the neighborhood’s average construction year (1963). That positioning can be competitively advantageous versus older stock, though investors should still plan for system modernization and targeted renovations to capture value-add upside and enhance rentability.
School ratings in the neighborhood average on the lower end nationally, which may modestly influence family-driven demand; however, strong access to everyday amenities and proximity to broader Queens job corridors can sustain appeal for working households.
Safety indicators for the neighborhood trend below national benchmarks, with crime metrics ranking weaker than many U.S. neighborhoods. Recent estimates also indicate year-over-year increases in reported violent and property offenses. For investors, this typically argues for proactive operations: well-lit common areas, access control, and partnership with local safety initiatives to support resident retention and asset performance. These observations reflect neighborhood-level conditions, not property-specific incidents.
The area draws from a diversified employment base spanning insurance, airlines, life sciences, and telecommunications, supporting commuter convenience and a durable renter pipeline for workforce-oriented units. Nearby anchors include Prudential, JetBlue Airways, Pfizer, Verizon Communications, and New York Life Insurance Company.
- Prudential — insurance (3.9 miles)
- Jetblue Airways — airlines (9.9 miles) — HQ
- Pfizer — life sciences (11.4 miles) — HQ
- Verizon Communications — telecommunications (11.5 miles)
- New York Life Insurance Company — insurance (11.5 miles)
This 111-unit, 1984-vintage asset in Jamaica, Queens, is positioned for durable renter demand in a high-cost ownership environment. Neighborhood occupancy sits around the national middle, while strong daily-needs access and a sizable renter-occupied housing base support leasing stability. The vintage is newer than the area’s average building stock, suggesting competitive positioning alongside clear opportunities for targeted value-add and system upgrades.
Within a 3-mile radius, population and household growth, coupled with smaller projected household sizes, point to a larger tenant base over time. Median contract rents and household incomes have advanced in recent years, and, according to WDSuite’s commercial real estate analysis, neighborhood rents have shown upward momentum that aligns with elevated home values. Key underwriting considerations include neighborhood safety metrics and historically lower school ratings, which may warrant operational focus to support retention and community perception.
- High-cost ownership market supports sustained renter reliance and pricing power
- Newer-than-average 1984 vintage offers value-add and modernization pathways
- Growing 3-mile population and households expand the tenant base and support occupancy
- Strong daily-needs access with groceries, pharmacies, and restaurants in higher national percentiles
- Risk: below-national safety metrics and lower school ratings may require enhanced property-level measures