| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 59th | Fair |
| Amenities | 98th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4601 67th St, Woodside, NY, 11377, US |
| Region / Metro | Woodside |
| Year of Construction | 1973 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4601 67th St Woodside Multifamily Investment
Neighborhood fundamentals point to durable renter demand and occupancy stability, with the area posting a 96.6% occupancy rate according to WDSuite’s CRE market data. Positioned in Queens’ Urban Core, the asset benefits from deep amenities and a broad tenant base that can support steady leasing through cycles.
Located in Woodside, Queens, the property sits in an Urban Core neighborhood rated A and ranked 71 out of 889 within the New York–Jersey City–White Plains metro, placing it in the top quartile among metro neighborhoods. Amenity access is a clear strength: grocery stores, parks, pharmacies, and cafes/restaurants score in the top national percentiles, supporting daily convenience and renter retention.
Renter demand signals are constructive. The neighborhood’s occupancy is 96.6% (81st national percentile) and is competitive among New York–Jersey City–White Plains neighborhoods, with positive five-year momentum. Unit tenure data indicates a meaningful renter-occupied share at the neighborhood level (approximately six in ten housing units), pointing to a sizeable tenant base and stable leasing depth for multifamily.
Within a 3-mile radius, demographics show a large population base with growth expected in households, which implies a larger tenant pool over time. Median incomes have risen, and projected gains combined with forecast rent growth suggest that lease-up and renewal strategies should emphasize income segmentation and product differentiation to manage affordability pressure and support occupancy stability.
Home values in the neighborhood are elevated relative to national norms, and the value-to-income ratio is high. In practical terms, this high-cost ownership market tends to reinforce reliance on rental housing, which can aid retention and pricing power for well-positioned units, while requiring careful lease management where rent-to-income ratios are tighter.
The average neighborhood construction year skews older (1958), while this asset was built in 1973. Being newer than a large share of nearby stock can offer a competitive edge versus prewar and mid-century assets; however, systems from the 1970s may still warrant targeted modernization or common-area upgrades to sustain performance against newer deliveries.
Schools in the area exhibit an average rating around the low-3s on a five-point scale and sit modestly above the national median, which, combined with strong park access, supports livability for family renters while not being a primary premium driver compared with top-tier school districts.
Safety metrics for the neighborhood are mixed relative to the metro and nation. On a metro basis, crime ranks 260 out of 889 New York–Jersey City–White Plains neighborhoods, indicating it trails the metro median. Nationally, the neighborhood sits below the midpoint for safety (37th percentile), so investors should underwrite prudent security and operational practices.
That said, recent trends show improvement: both violent and property offense rates have declined year over year, with reductions competitive among U.S. neighborhoods. For long-term ownership, continued monitoring of trend direction and sustained property-level safety measures can help support leasing and retention.
Proximity to major corporate offices in Queens and Manhattan supports a steady commuter renter base and aids retention, particularly for airline, defense, pharmaceutical, and financial services employees listed below.
- JetBlue Airways — airline HQ (2.29 miles) — HQ
- Lockheed Martin — defense & aerospace offices (3.99 miles)
- Pfizer — pharmaceutical HQ (4.01 miles) — HQ
- TIAA — financial services HQ (4.09 miles) — HQ
- Intl Fcstone — financial services HQ (4.10 miles) — HQ
4601 67th St offers scale at 112 units in a high-amenity Urban Core pocket of Queens with occupancy at 96.6%. Elevated home values and strong neighborhood amenity density support durable renter demand and renewal potential, while household gains within a 3-mile radius point to ongoing renter pool expansion. According to commercial real estate analysis from WDSuite, neighborhood occupancy and amenity access compare favorably to national benchmarks, helping support leasing stability through cycles.
Built in 1973, the asset is newer than much of the surrounding housing stock, which can be a competitive differentiator versus older properties; targeted upgrades to building systems and common areas may unlock further value. Investors should underwrite measured rent growth and focus on retention where rent-to-income ratios signal affordability pressure, balancing pricing power with resident stability.
- Occupancy strength and amenity-rich Urban Core location support leasing stability.
- High-cost ownership market supports renter reliance, aiding renewals and pricing power.
- 1973 vintage offers value-add potential via targeted system and common-area upgrades.
- Access to major employers within ~2–4 miles underpins commuter demand.
- Risks: below-median safety within the metro and affordability pressure; underwrite security, renewals, and pricing carefully.