| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 65th | Good |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 44 63rd St, Woodside, NY, 11377, US |
| Region / Metro | Woodside |
| Year of Construction | 1982 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
44 63rd St, Woodside NY — 78-Unit Multifamily Opportunity
Renter demand is supported by a high renter-occupied share in the surrounding neighborhood and steady occupancy trends, according to WDSuite’s CRE market data. Newer-vs-local-vintage construction provides competitive positioning while still leaving room for targeted upgrades.
Situated in Woodside’s Urban Core, the property benefits from strong day-to-day conveniences: grocery, pharmacy, and café densities rank in the top national percentiles, translating to walkable access that supports renter retention and leasing velocity. School ratings sit above national averages, and park access is competitive, helping sustain livability for a broad tenant base.
Neighborhood renter concentration is high, with a large share of housing units renter-occupied (69.2%), placing the area in the upper tier nationally for renter-occupied housing. For investors, that points to a deep tenant pool and demand resilience for multifamily. The neighborhood’s occupancy is above the national median, and the area’s rent levels trend in the upper national percentiles, indicating established pricing power balanced by lease management considerations.
Compared with the New York-Jersey City-White Plains metro’s 889 neighborhoods, this location is competitive, with an overall neighborhood rank of 90; that places it within the top quartile among 889 metro neighborhoods. Demographic statistics aggregated within a 3-mile radius show households have grown in recent years while average household size has edged down, with projections calling for further household growth and smaller household sizes. That combination typically expands the renter pool and supports occupancy stability.
Vintage matters: local housing stock skews older (average 1951), while this property’s 1982 construction is newer than much of the competitive set. That can aid leasing versus older product, though investors should budget for system modernization and selective value-add to meet contemporary renter expectations. In a high-cost ownership market (home values in upper national percentiles), elevated purchase costs tend to reinforce reliance on rental housing, which can help sustain demand for well-managed multifamily assets.
Safety indicators suggest crime exposure is higher than the metro median for this neighborhood (ranked 215 out of 889 metro neighborhoods, where lower ranks indicate higher crime). Nationally, the area sits in lower safety percentiles; however, recent trend data from WDSuite shows year-over-year declines in both violent and property offenses, which is a constructive directional signal to monitor.
For underwriting, frame safety as a localized consideration within New York’s urban context: position amenities, access control, lighting, and tenant screening as operating levers, and benchmark against comparable urban assets rather than suburban baselines.
Proximity to major employers supports commuter demand and lease retention, with access to aviation, defense, pharmaceuticals, and financial services within a short radius. The following nearby anchors contribute to a diversified employment base that can stabilize renter demand.
- Jetblue Airways — airline HQ (2.0 miles) — HQ
- Lockheed Martin — defense & aerospace offices (3.7 miles)
- Pfizer — pharmaceuticals (3.8 miles) — HQ
- Citigroup — financial services (3.8 miles) — HQ
- TIAA — financial services (3.8 miles) — HQ
This 78-unit, 1982-vintage asset sits in a renter-heavy Urban Core pocket of Woodside where amenity density and commuting access underpin demand. Based on CRE market data from WDSuite, neighborhood occupancy trends are stable and rent levels align with upper national percentiles, indicating durable pricing power with prudent lease management. Being newer than much of the area’s mid-century stock, the property is competitively positioned, while targeted upgrades can capture value-add upside.
Within a 3-mile radius, households have increased and are projected to grow further as average household size declines, pointing to renter pool expansion and support for long-term leasing fundamentals. Elevated ownership costs in the area suggest sustained reliance on rental housing, which can help support occupancy and renewal velocity for well-run assets.
- Renter-heavy neighborhood supports a deep tenant base and steady leasing.
- 1982 construction is newer than local averages, with potential to outperform older stock post-upgrades.
- Amenity-rich Urban Core location enhances retention and pricing power.
- 3-mile household growth and shrinking household size indicate renter pool expansion.
- Risks: urban safety considerations and affordability pressure require active management and CapEx planning.