| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 87th | Best |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 Jackson Ave, Long Island City, NY, 11101, US |
| Region / Metro | Long Island City |
| Year of Construction | 2008 |
| Units | 38 |
| Transaction Date | 2003-11-05 |
| Transaction Price | $995,000 |
| Buyer | 1201 JACKSON AVENUE LLC |
| Seller | JACKSON REALTY INC |
1201 Jackson Ave, Long Island City Multifamily Investment
Positioned in an urban core pocket with top-tier amenities and a deep renter base, the property benefits from sustained leasing demand, according to WDSuite’s CRE market data.
Long Island City’s urban core setting delivers density, dining, parks, and daily conveniences at a level that ranks in the top quartile among 889 metro neighborhoods and near the top nationally. High concentrations of restaurants, cafes, groceries, pharmacies, and parks support renter convenience and help with lease retention, especially for smaller-format units typical of the area.
At the neighborhood level, renter-occupied housing is elevated (92nd percentile nationally), indicating a sizable tenant pool and durable multifamily demand. Median household income and home values also skew high for the neighborhood, which typically sustains rental reliance by households who prioritize location and convenience in a high-cost ownership market.
Within a 3-mile radius, demographics show a large population base today and projections through 2028 indicate increases in households and higher-income segments, pointing to renter pool expansion and support for absorption. These trends can underpin occupancy stability and pricing discipline for professionally managed assets.
Neighborhood operations data show very strong net operating income per unit performance (top quartile among 889 metro neighborhoods), though reported neighborhood occupancy runs soft by metro standards. For investors, that combination argues for competitive positioning, targeted unit finishes, and attention to leasing execution to capture demand amid ample supply.
Built in 2008, the property is newer than the neighborhood’s average vintage (1997). That relative recency can enhance competitiveness versus older stock, while investors should still plan for mid-life system updates and selective renovations to meet current renter expectations.
Average school ratings in the neighborhood are moderate, which may be less central for a tenant base oriented toward young professionals but is still relevant for unit mix strategy and marketing.
Safety metrics for the neighborhood track below the national median (37th percentile nationally), so investors should underwrite to routine security and building management practices. That said, recent year-over-year trends show improvement, with both property and violent offense rates declining, which is constructive from a long-term operations perspective.
Compared with other areas in the New York–Jersey City–White Plains metro, the neighborhood’s crime ranking sits in a weaker cohort; investors can mitigate perceived risk through access control, lighting, and resident programming while monitoring ongoing trend improvements.
The immediate area draws a diverse white-collar workforce, supporting weekday activity and multifamily demand. Key nearby employers include JetBlue Airways, Pfizer, Verizon Communications, INTL FCStone, and TIAA, all within roughly 1.4 miles, providing commute convenience that supports retention.
- Jetblue Airways — airlines HQ (0.8 miles) — HQ
- Pfizer — pharmaceuticals HQ (1.2 miles) — HQ
- Verizon Communications — telecommunications (1.3 miles)
- Intl Fcstone — financial services HQ (1.3 miles) — HQ
- TIAA — financial services HQ (1.3 miles) — HQ
1201 Jackson Ave offers 38 units in a high-amenity Long Island City location where renter concentration is strong and household incomes are elevated. Based on CRE market data from WDSuite, the neighborhood sits among the metro’s top performers on amenity access and NOI per unit, while the broader 3-mile area shows projected growth in households that should expand the tenant base. The 2008 vintage provides a competitive edge versus older stock, with mid-cycle capital planning for systems and targeted interior upgrades likely to support leasing velocity.
Counterpoints include softer neighborhood-level occupancy and safety metrics that trail national medians; both conditions argue for disciplined operations, market-appropriate pricing, and resident experience investments. High home values locally reinforce reliance on multifamily housing, which can aid retention and pricing power when coupled with professional management.
- Urban-core amenities and strong renter concentration support durable leasing demand
- 3-mile projections indicate household growth, expanding the tenant base
- 2008 vintage offers competitive positioning with manageable mid-life CapEx planning
- High-cost ownership market bolsters multifamily reliance and potential retention
- Risks: softer neighborhood occupancy and below-median safety require disciplined leasing and property management