| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 65th | Good |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39-6 62nd St, Woodside, NY, 11377, US |
| Region / Metro | Woodside |
| Year of Construction | 1973 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
39-6 62nd St, Woodside NY Multifamily Investment
Renter-occupied share is high in the surrounding neighborhood, supporting a stable tenant base and consistent leasing, according to WDSuite s CRE market data. Neighborhood occupancy trends point to durable demand for smaller-format units in this Queens Urban Core location.
This Woodside address sits in an Urban Core neighborhood rated A and ranked 90th out of 889 metro neighborhoods, placing it in the top quartile locally for overall investment fundamentals. Amenity access is a clear strength: neighborhood measures for grocery, pharmacies, cafes, and restaurants benchmark in the top percentiles nationally, which tends to support leasing velocity and resident retention.
Neighborhood occupancy is 93.9% (above national averages), and 69.2% of housing units are renter-occupied, indicating a deep tenant pool for multifamily operators. Median school ratings land in the top quartile nationally, adding to livability and broadening the prospective renter base compared with many urban submarkets.
Within a 3-mile radius, demographics show a modest historical dip in population but an increase in households, with forecasts pointing to additional household growth and smaller average household sizes by 2028. For investors, that combination typically expands the renter pool and supports occupancy stability even as unit mix trends favor efficient floorplans.
Home values are elevated for the neighborhood relative to income levels, a high-cost ownership environment that can sustain reliance on rental housing. Rent-to-income readings suggest pockets of affordability pressure; prudent lease management and renewal strategies can help preserve retention and pricing power over time.
Safety indicators for the neighborhood trail national norms, reflecting a comparatively higher incidence environment versus many U.S. neighborhoods. However, recent year-over-year estimates point to meaningful declines in both violent and property offense rates, a constructive direction investors can monitor over the next few leasing cycles, based on CRE market data from WDSuite.
Proximity to major employers anchors renter demand, with nearby headquarters and large corporate offices offering commute convenience that supports leasing stability. The employers below represent key nodes within a short radius.
- JetBlue Airways — airline HQ (1.95 miles) — HQ
- Lockheed Martin — defense & aerospace offices (3.64 miles)
- Pfizer — pharmaceuticals HQ (3.72 miles) — HQ
- Citigroup — financial services HQ (3.75 miles) — HQ
- TIAA — financial services HQ (3.78 miles) — HQ
Built in 1973, the property is newer than much of the local housing stock, providing a relative competitive edge versus prewar buildings while still offering potential to modernize systems and finishes. The surrounding neighborhood shows solid demand drivers: high renter-occupied share, strong amenity density, and occupancy trends that support steady leasing. According to CRE market data from WDSuite, elevated home values versus incomes reinforce reliance on rentals, which can benefit smaller-format units common in this part of Queens.
Within a 3-mile radius, households have increased and are projected to grow further, with smaller household sizes that typically expand the renter pool. These dynamics, combined with proximity to major employers, point to durable tenant demand. Key risks include safety metrics that lag national benchmarks and affordability pressures that warrant careful renewal and concession management.
- High renter-occupied share and amenity-rich Urban Core location support occupancy stability.
- 1973 vintage is newer than average locally, with value-add potential through targeted modernization.
- Household growth and shrinking household size within 3 miles indicate a larger renter pool over time.
- Elevated ownership costs in Queens sustain rental demand and leasing depth.
- Risks: safety metrics below national norms and affordability pressure require active asset and lease management.