| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 43rd | Poor |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7509 Jamaica Ave, Woodhaven, NY, 11421, US |
| Region / Metro | Woodhaven |
| Year of Construction | 2007 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7509 Jamaica Ave Woodhaven Multifamily Investment
Modern 2007-vintage units in an amenity-rich Queens submarket support steady renter demand, according to WDSuite s CRE market data. Neighborhood occupancy is stable and ownership costs are high, which can reinforce retention and pricing discipline for a 34-unit asset.
Woodhaven sits within the New York-Jersey City-White Plains metro and rates competitive among metro neighborhoods (ranked 250 of 889). Amenity access is a clear strength, with cafes, restaurants, groceries, and pharmacies placing in the top national percentiles, which helps leasing velocity and day-to-day resident convenience.
The property s 2007 construction is newer than the neighborhood s older housing stock (average vintage is early 1920s). For investors, that typically means comparatively favorable competitive positioning versus legacy buildings and potential for selective upgrades rather than full-scale repositioning as systems age.
Within a 3-mile radius, data indicate a growing population and an increase in households alongside smaller average household sizes. That pattern expands the renter pool and supports occupancy stability for multifamily owners as more households seek well-located units.
Tenure dynamics are favorable for multifamily: within 3 miles, about 58% of housing units are renter-occupied, indicating a deep tenant base. At the neighborhood level, occupancy remains in the low-90s, and median contract rents have trended up over five years, based on CRE market data from WDSuite.
Home values in the neighborhood are elevated relative to national norms, which signals a high-cost ownership market. For multifamily owners, that typically sustains reliance on rental housing and can support pricing power and lease retention, while rent-to-income levels suggest ongoing affordability management is still important for renewal strategy.
Schools in the area score around the national midpoint on average, which may not be a primary demand driver but is serviceable for a broad renter profile. Parks access and everyday services are strong, reinforcing livability for households prioritizing convenience and transit adjacency within Queens.
Safety indicators in this neighborhood trail national averages, with crime levels higher than many U.S. neighborhoods. Within the New York-Jersey City-White Plains metro, the neighborhood ranks 258 out of 889 on crime, indicating above-metro incidence. However, recent year-over-year trends show meaningful declines in both violent and property offenses, suggesting directionally improving conditions.
Investors typically account for this by emphasizing secure common areas, lighting, and resident engagement, while underwriting with conservative assumptions. Monitoring local trendlines is prudent given the recent improvement momentum.
The area draws from a diversified employment base spanning financial services, airlines, pharmaceuticals, and telecommunications, supporting renter demand through commute convenience to nearby offices.
- Prudential financial services (1.9 miles)
- Jetblue Airways airline HQ (5.6 miles) HQ
- New York Life Insurance Company financial services (6.9 miles)
- Pfizer pharmaceuticals (6.9 miles) HQ
- Verizon Communications telecommunications (6.9 miles)
7509 Jamaica Ave offers 2007-vintage construction in a Queens neighborhood where amenity density is a differentiator and ownership costs are high relative to incomes. Neighborhood occupancy is in the low-90s and renter demand is reinforced by a large, growing 3-mile population and more households, which supports leasing stability and retention. According to CRE market data from WDSuite, median contract rents and occupancy at the neighborhood level have trended upward over the last five years.
Relative to the metro s older housing stock, a 2007 build can compete well on resident expectations while leaving room for targeted value-add (interiors, energy efficiency, and common areas) as systems approach mid-life. Key underwriting considerations include safety levels that lag national averages and the need to manage affordability and renewals thoughtfully.
- Newer 2007 construction versus predominantly prewar neighborhood stock, supporting competitive positioning
- Deep renter base with majority renter-occupied housing within 3 miles and steady neighborhood occupancy
- High-cost ownership market helps sustain rental demand and pricing discipline
- Amenity-rich Urban Core location in Queens supports leasing velocity and resident retention
- Risks: safety metrics below national averages and the need for ongoing affordability-focused lease management