| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 37th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8414 143rd St, Jamaica, NY, 11435, US |
| Region / Metro | Jamaica |
| Year of Construction | 2008 |
| Units | 36 |
| Transaction Date | 2008-03-20 |
| Transaction Price | $1,225,000 |
| Buyer | N SOMEK LLC |
| Seller | RUBINOV TAMARA |
8414 143rd St Jamaica Multifamily — 2008, 36 Units
Neighborhood-level occupancy near 94% and a high renter-occupied share signal durable tenant demand for this Jamaica, Queens asset, according to WDSuite’s CRE market data. Newer construction relative to local stock supports competitive positioning while offering modernization upside over time.
Situated in Jamaica’s Urban Core, the property benefits from neighborhood fundamentals that are competitive among New York–Jersey City–White Plains metro neighborhoods (ranked 258 of 889, above the metro median). Amenity access is a clear strength: groceries, restaurants, parks, and pharmacies score in the top quartile nationally, supporting day-to-day convenience that helps leasing and retention.
The asset’s 2008 vintage is materially newer than the neighborhood’s average construction year (1958 across 889 metro neighborhoods), which points to relative competitiveness versus older stock. Investors should still plan for selective system updates and cosmetic refreshes to enhance positioning and capture value-add potential over the hold.
At the neighborhood level, renter-occupied housing comprises a large share of units (around 73%), indicating depth in the tenant base. Neighborhood occupancy is in the mid-90s with only a modest pullback over five years, which supports income stability for multifamily owners. Median asking rents benchmark above national levels, while the rent-to-income profile suggests some affordability pressure—an important lease management consideration for renewal strategies and pricing.
Within a 3-mile radius, WDSuite data shows modest population growth and a larger increase in households alongside smaller average household size. This combination typically expands the renter pool and supports occupancy stability. Elevated home values relative to incomes (top decile nationally) characterize a high-cost ownership market, which tends to sustain reliance on rental housing and can reinforce pricing power for well-managed assets. These observations are grounded in multifamily property research rather than consumer preferences.
School quality in the neighborhood trends below the national median, which may matter for family-oriented product but is often less determinative for smaller urban units. Overall, the submarket’s convenience, renter concentration, and steady demand profile present a balanced case for long-term multifamily ownership.
Safety indicators for the neighborhood track below national norms, with national percentiles that place both violent and property offenses on the higher side relative to many U.S. neighborhoods. That said, WDSuite reports a year-over-year decline in estimated violent and property offense rates, indicating recent improvement trends. Comparatively, these dynamics suggest investors should underwrite proactive security measures and tenant communication while recognizing that broader urban-core patterns and improving momentum can support conditions over time.
Nearby corporate nodes provide a diversified employment base that supports renter demand and commute convenience for residents, including Prudential, JetBlue Airways, Pfizer, Lockheed Martin, and Verizon Communications.
- Prudential — insurance (3.6 miles)
- Jetblue Airways — airline (7.1 miles) — HQ
- Lockheed Martin — defense & aerospace offices (8.8 miles)
- Pfizer — pharmaceuticals (8.8 miles) — HQ
- Verizon Communications — telecommunications (8.9 miles)
Built in 2008 with 36 units, the property is newer than much of the surrounding housing stock, positioning it competitively versus older buildings while leaving room for targeted upgrades to refresh interiors and systems. According to CRE market data from WDSuite, the neighborhood’s high renter-occupied share and occupancy in the mid-90s support demand durability, aided by strong amenity density and a high-cost ownership environment that sustains reliance on rental housing.
Within a 3-mile radius, modest population growth alongside a larger increase in households and smaller average household size points to a gradually expanding renter pool. Investors should balance these strengths against considerations such as renter affordability pressure, below-median school ratings, and safety metrics that sit below national norms, underwriting adequate reserves and asset management plans to mitigate risk.
- Newer 2008 construction vs. older neighborhood stock supports competitive positioning and lighter-capex entry.
- High neighborhood renter-occupied share and mid-90s occupancy support income stability and leasing velocity.
- Amenity-rich Urban Core location and high-cost ownership market reinforce sustained multifamily demand.
- 3-mile trends show more households and smaller sizes, indicating gradual renter pool expansion.
- Risks: affordability pressure, below-median school ratings, and safety metrics below national norms warrant prudent reserves and management.