| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 43rd | Poor |
| Amenities | 75th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13751 Hook Creek Blvd, Rosedale, NY, 11422, US |
| Region / Metro | Rosedale |
| Year of Construction | 2008 |
| Units | 20 |
| Transaction Date | 2006-10-31 |
| Transaction Price | $1,000,000 |
| Buyer | MANOR & TEE LLC |
| Seller | QUEENS LINDEN PLAZA INC |
13751 Hook Creek Blvd Rosedale 20-Unit Multifamily Investment
High neighborhood occupancy and elevated ownership costs point to durable renter demand in southeast Queens, according to WDSuite’s CRE market data.
Rosedale sits on the southeast edge of Queens with a neighborhood rating of B and ranks above the metro median (362 of 889 New York–Jersey City–White Plains neighborhoods), signaling competitive fundamentals for a workforce renter base. Amenity access is a relative strength: pharmacies, childcare, restaurants, and cafés index in the top quartile nationally, supporting day-to-day convenience for residents.
Multifamily conditions are favorable at the neighborhood level, with occupancy trending strong (nationally high percentile) and rents supported by solid household incomes. Median home values sit in a high-cost ownership market compared with national benchmarks, which tends to reinforce reliance on multifamily rentals and can aid lease retention and pricing power when managed carefully.
For investors, the property’s 2008 vintage is materially newer than the neighborhood’s mid-century housing stock. That positioning can be a competitive edge versus older assets, though planning for mid-life system updates and selective modernization can help sustain performance and capture value-add upside.
Tenure patterns indicate a moderate renter-occupied share locally, suggesting a stable but not saturated renter pool. Within a 3-mile radius, demographics show recent population and household growth, with households projected to increase further by 2028. This expansion implies a larger tenant base and supports occupancy stability. School ratings in the area trend below national averages and park access is limited, factors to consider when targeting family-oriented leasing strategies; however, the depth of everyday amenities offsets some of that for many renters.
Safety indicators are mixed compared with national norms. Neighborhood-level property offense measures sit below safer national percentiles but have improved year over year, while violent offense readings are weaker relative to nationwide peers. Investors should account for this context in underwriting (security, lighting, access control) and monitor trends alongside local enforcement and community initiatives.
Recent directionality shows property offenses declining over the last year, which is constructive, whereas violent offenses increased over the same period. Positioning the asset with prudent on-site measures and resident engagement can help support retention despite broader-area statistics.
Nearby employers provide a diversified white-collar employment base that supports renter demand and commute convenience, including Prudential, JetBlue Airways, Pfizer, Verizon Communications, and Lockheed Martin.
- Prudential — financial services (6.4 miles)
- Jetblue Airways — airline HQ and corporate (12.4 miles) — HQ
- Pfizer — pharmaceuticals (14.0 miles) — HQ
- Verizon Communications — telecom corporate offices (14.1 miles)
- Lockheed Martin — defense & aerospace offices (14.1 miles)
13751 Hook Creek Blvd is a 20-unit asset delivered in 2008, comparatively newer than much of the surrounding housing stock. That vintage helps the property compete on functionality and maintenance profile versus older inventory, while still offering potential value-add through targeted unit and common-area updates. Neighborhood occupancy remains strong and household incomes are supportive of rent levels, according to CRE market data from WDSuite, with high ownership costs in Queens buttressing sustained renter demand.
Within a 3-mile radius, recent growth in population and households—and projections for additional household expansion by 2028—suggest a steadily enlarging tenant base that can support leasing stability. Amenity density (childcare, pharmacies, restaurants, and cafés) ranks well nationally, reinforcing livability. Key underwriting considerations include lower school ratings, limited park access, and safety metrics that trail national benchmarks, warranting prudent on-site management and capex allowances.
- 2008 vintage versus mid-century neighborhood stock supports competitive positioning with selective value-add potential
- Strong neighborhood occupancy and high-cost ownership market reinforce depth of renter demand and lease retention
- 3-mile household growth outlook points to a larger tenant base and supports long-term absorption
- Amenity-rich context (childcare, pharmacies, dining, cafés) enhances day-to-day convenience for residents
- Risks: below-average school ratings, limited park access, and safety metrics below national percentiles require proactive management and capex planning