| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 44th | Poor |
| Amenities | 72nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17006 Baisley Blvd, Jamaica, NY, 11434, US |
| Region / Metro | Jamaica |
| Year of Construction | 2008 |
| Units | 59 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17006 Baisley Blvd Jamaica NY Multifamily Investment
Neighborhood occupancy is high and the renter-occupied share is sizable, supporting demand resilience according to WDSuite’s CRE market data. The property’s Jamaica location offers steady workforce housing dynamics within Queens.
This Urban Core pocket of Jamaica benefits from everyday convenience and a deep renter pool. Neighborhood occupancy is strong (top quartile nationally) and the share of renter-occupied housing is elevated, indicating a broad tenant base and supportive leasing backdrop, based on CRE market data from WDSuite. Within the New York–Jersey City–White Plains metro, these metrics are competitive among 889 neighborhoods.
Amenity access skews toward daily-needs retail: grocery and pharmacy concentrations sit well above national averages (both in the upper national percentiles) and are competitive among metro neighborhoods. Dining and café density is also above national norms, while childcare options are comparatively limited locally. These patterns point to convenient essentials for residents, with some family-oriented services requiring a wider search.
The property’s 2009 vintage is newer than the neighborhood’s older housing stock (average construction year ranks older in the metro), which can enhance competitive positioning versus legacy buildings. Investors should still plan for system updates typical of mid-life assets while leveraging curb-appeal and functionality advantages over 1960s-era comparables.
Home values in the neighborhood trend high relative to national benchmarks, and the value-to-income ratio is elevated. In practice, a high-cost ownership market tends to reinforce reliance on rental housing, supporting tenant retention and pricing power over time. School ratings in the broader area are below national averages, which may modestly temper appeal for some households but typically has limited impact on workforce-oriented demand.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth over the past five years and a faster increase in households, with projections calling for continued expansion and smaller average household sizes. For investors, this suggests a gradually larger renter pool and ongoing support for occupancy stability and lease-up velocity.
Safety conditions are mixed and should be evaluated in context. The neighborhood ranks below the metro median on crime among 889 New York–Jersey City–White Plains neighborhoods, and national comparisons indicate safety levels are below average. However, recent trend data shows notable year-over-year declines in both violent and property offense rates, which is a constructive directional signal, according to WDSuite’s CRE market data.
For investors, the takeaway is to underwrite prudent security measures and property operations while recognizing improving momentum. Compare block-level conditions during site visits and align leasing and staffing practices with the submarket’s risk profile.
Proximity to regional employers supports commuter convenience and renter demand, with nearby roles spanning insurance, airlines, pharmaceuticals, telecommunications, and aerospace offices. The employers below reflect the closest concentration likely to influence leasing and retention.
- Prudential — insurance (4.3 miles)
- Jetblue Airways — airlines (10.0 miles) — HQ
- Pfizer — pharmaceuticals (11.5 miles) — HQ
- Lockheed Martin — defense & aerospace offices (11.6 miles)
- Verizon Communications — telecommunications (11.6 miles)
17006 Baisley Blvd offers investors a relatively newer 2009-vintage asset in a renter-driven Jamaica submarket where neighborhood occupancy is strong and daily-needs amenities are abundant. High home values in the area reinforce reliance on rental housing, while grocery, pharmacy, and dining concentrations compare favorably both nationally and within the metro, supporting day-to-day livability and lease retention.
Demographics within a 3-mile radius show modest population growth and faster household formation, pointing to a gradually expanding renter base. According to commercial real estate analysis from WDSuite, the neighborhood’s elevated renter-occupied share and robust occupancy performance align with steady multifamily demand; investors should balance these positives against below-average safety and school ratings by underwriting operational safeguards and targeted capex.
- 2009 vintage competes well versus older neighborhood stock, with mid-life systems to monitor in capital plans.
- Strong neighborhood occupancy and elevated renter-occupied share support demand depth and leasing stability.
- High-cost ownership market reinforces reliance on rentals, aiding retention and pricing power.
- Expanding household counts within 3 miles suggest a larger tenant base over time.
- Risks: below-average safety and school ratings; manage via security, resident services, and conservative underwriting.