| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 37th | Poor |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 86 Highland Ave, Jamaica, NY, 11432, US |
| Region / Metro | Jamaica |
| Year of Construction | 1975 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
86 Highland Ave Jamaica NY Multifamily Investment
Located in Queens’ Jamaica Urban Core, the asset benefits from a high renter-occupied housing base and solid neighborhood occupancy, according to WDSuite’s CRE market data. The area’s dense amenities and transit access support steady renter demand and retention.
Jamaica sits within the New York-Jersey City-White Plains metro and is rated B+ (ranked 258 of 889 metro neighborhoods), competitive among metro peers for amenity access and renter depth. Restaurants, grocery stores, parks, and pharmacies are near the top nationally, reinforcing day-to-day convenience that supports leasing velocity and renewal potential.
Renter-occupied share in the neighborhood is very high, indicating a deep tenant base for multifamily operators. Neighborhood occupancy is healthy and, based on CRE market data from WDSuite, aligns with steady demand dynamics rather than short-term spikes.
Within a 3-mile radius, demographics show modest population growth alongside an increase in households and smaller average household size. This combination typically expands the renter pool and can support occupancy stability over time. Rising household incomes and continued investment in the broader Queens market provide a backdrop for sustained renter demand.
Home values are elevated relative to incomes in the neighborhood and across the metro, which tends to sustain reliance on multifamily rentals and can support pricing power. At the same time, rent-to-income levels point to affordability pressure that owners should manage through lease strategy and retention planning.
Safety outcomes in the neighborhood track below national averages, placing the area in the lower tier nationally for both violent and property offenses. That said, recent year-over-year readings indicate double-digit declines in estimated violent and property offense rates, suggesting improvement momentum. As always, investors should evaluate property- and block-level patterns over time and consider standard security, lighting, and operations measures to support resident comfort.
The submarket draws on a diversified employment base across finance, airlines, pharmaceuticals, defense, and asset management, supporting renter demand via commute convenience and broad industry exposure. Notable nearby employers include Prudential, JetBlue Airways, Pfizer, Lockheed Martin, and TIAA.
- Prudential — financial services (4.0 miles)
- Jetblue Airways — airline (7.8 miles) — HQ
- Pfizer — pharmaceuticals (9.5 miles) — HQ
- Lockheed Martin — defense & aerospace offices (9.5 miles)
- TIAA — retirement & asset management (9.6 miles) — HQ
Built in 1975, the property is newer than much of the surrounding housing stock, offering a competitive position versus older assets while still warranting attention to aging systems and potential modernization. The Jamaica neighborhood’s high renter concentration, amenity density, and solid occupancy create a supportive environment for stable operations. Elevated ownership costs in Queens further reinforce reliance on rental housing, while within a 3-mile radius the modest population growth and rising household counts point to a gradually expanding tenant base.
According to commercial real estate analysis from WDSuite, neighborhood rents and occupancy have been underpinned by convenience-driven demand and a deep pool of renter-occupied units. Key considerations include managing affordability pressure and monitoring safety perceptions, which can be addressed through operational focus and resident experience investments.
- 1975 vintage offers value-add potential via targeted modernization
- High renter-occupied share and solid neighborhood occupancy support demand depth
- Amenity-rich Urban Core location aids leasing velocity and retention
- Risks: affordability pressure and below-average safety metrics require proactive management