| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Median Income | $213,800 | $222,600 | $240,000 | $218,500 | $265,662 |
| Mean Income | $303,934 | $267,363 | $366,441 | $359,384 | $328,415 |
| Avg Credit Score | 795 | 796 | 803 | 804 | 808 |
| Median Credit Score | 806 | 803 | 810 | 817 | 828 |
| Approval Rate | 80% | 75% | 78% | 63% | 47% |
| Total Applications | 104 | 143 | 106 | 70 | 45 |
Axel has consistently attracted a high-caliber tenant base since initial occupancy. Median household income has risen 24% over the building's operating history, climbing from $213,800 in 2022 to $265,662 in 2026 — well above the Manhattan median and reflective of the property's appeal to established professionals.
Credit quality has strengthened year over year, with average tenant credit scores improving from 795 to 808 and median scores climbing from 806 to 828 — firmly within the "excellent" tier. This upward trajectory demonstrates increasingly selective underwriting standards and growing demand from creditworthy applicants seeking premium Flatiron living.
The tenant employment profile is anchored by blue-chip employers across finance, technology, and professional services. Google, NYU, Pratt Institute, Meta, Spotify, Goldman Sachs, and Bloomberg collectively represent a significant share of the resident base, providing stable, recession-resilient income backing. Over 42% of tenants are employed in the finance and technology sectors, reinforcing Axel's position as a preferred residence for Manhattan's professional workforce.