| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 45th | Poor |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8403 Lander St, Jamaica, NY, 11435, US |
| Region / Metro | Jamaica |
| Year of Construction | 2010 |
| Units | 22 |
| Transaction Date | 2016-04-05 |
| Transaction Price | $121,659 |
| Buyer | 8403 LANDERS DEVELOPMENT LLC |
| Seller | JOSEPH N MISK ESQ AS REFEREE |
8403 Lander St Jamaica NY Multifamily Investment
Stabilized renter demand and high neighborhood occupancy support consistent leasing, according to WDSuite s CRE market data. Newer construction versus local stock adds competitive positioning for operations-focused investors.
The property sits in Jamaica an Urban Core pocket of Queens with a B neighborhood rating and an amenity profile that is competitive among New York-Jersey City-White Plains metro neighborhoods (ranked 212 of 889) and in the top quintile nationally for overall amenities. Grocery and pharmacy access are especially dense by national standards, helping daily needs and supporting renter retention.
Neighborhood multifamily occupancy is 96.9% (83rd percentile nationally) and ranked 215 of 889 in the metro a level consistent with strong leasing velocity and limited downtime. The share of housing units that are renter-occupied is elevated (91st percentile nationally), indicating a deep tenant base that historically supports demand stability for small and mid-size assets.
Construction in the surrounding housing stock skews older (average 1950; ranked 587 of 889). Built in 2010, this asset is newer than much of the competitive set, which can reduce near-term capital needs and enhance positioning versus older walk-up inventory while still requiring standard system upkeep and potential common-area modernization over a hold.
Within a 3-mile radius, demographics show a large, diverse resident base with households expanding despite flat population trends, pointing to smaller household sizes and a gradually widening renter pool. Median contract rents and household incomes have risen in recent years, and home values sit in a high-cost ownership market (national percentile in the high 80s), which tends to sustain reliance on multifamily rentals a useful backdrop for pricing power and lease retention when paired with thoughtful lease management.
Local schools score below national averages, which may matter for family-oriented product, and park access is limited; however, strong access to restaurants and cafes (both in the high 90s by national percentile) and transit-oriented urban fundamentals underpin day-to-day convenience for working households engaged in the Queens and broader NYC job cores.
Safety signals are mixed and should be contextualized. Relative to the New York-Jersey City-White Plains metro, the neighborhood s crime rank is 223 out of 889, which is competitive among metro neighborhoods. Nationally, safety percentiles indicate higher reported offense rates than many U.S. neighborhoods; however, recent trends show improvement, with both violent and property offense estimates declining year over year, according to CRE market data from WDSuite.
Investors typically incorporate this backdrop through enhanced on-site lighting, access controls, and resident engagement, which can support perception and retention while aligning operating practices with the urban core context.
Proximity to diversified employers in finance, airlines, pharmaceuticals, telecommunications, and aerospace supports a broad commuter tenant base and helps underpin leasing stability for workforce-oriented units.
- Prudential financial services (3.7 miles)
- Jetblue Airways airline (7.0 miles) HQ
- Pfizer pharmaceuticals (8.6 miles) HQ
- Lockheed Martin defense & aerospace offices (8.6 miles)
- Verizon Communications telecommunications (8.7 miles)
2010 construction provides a competitive edge versus an older neighborhood baseline, offering potential savings on near-term capital while enabling value-add through unit refreshes and common-area upgrades. High neighborhood occupancy and an elevated renter-occupied share point to a reliable tenant base, while a high-cost ownership landscape supports sustained rental demand, based on CRE market data from WDSuite.
Within a 3-mile radius, households are increasing even as population remains roughly flat, suggesting smaller household sizes and a gradual renter pool expansion that can support occupancy stability. Operationally, investors should balance pricing power with affordability and closely manage tenant retention, especially given mixed school ratings and urban safety context.
- Newer 2010 vintage versus local stock supports competitive positioning and moderates near-term capex
- Strong neighborhood occupancy and high renter concentration underpin leasing stability
- High-cost ownership market reinforces reliance on rentals and supports pricing power
- 3-mile household growth indicates a gradually expanding tenant base over the hold
- Risks: urban safety variability, below-average school ratings, and affordability pressure require active management