| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 69th | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 Salisbury Park Dr, East Meadow, NY, 11554, US |
| Region / Metro | East Meadow |
| Year of Construction | 1998 |
| Units | 102 |
| Transaction Date | 1998-04-30 |
| Transaction Price | $11,521,200 |
| Buyer | E MEADOW KNOLLS REDEVELOP |
| Seller | EAST MEADOW KNOLLS INC |
425 Salisbury Park Dr East Meadow Multifamily Investment
Neighborhood occupancy has remained comparatively stable while rents trend high for the metro, according to WDSuite’s CRE market data. The area’s high-cost ownership market supports renter reliance on multifamily housing, aiding demand durability for a well-located East Meadow asset.
East Meadow’s suburban setting offers strong livability signals for renters and on-site operations. Public schools rate near the top nationally and parks density ranks among the metro’s leaders, while restaurant and pharmacy access is competitive for Nassau County. These neighborhood statistics describe the area, not the property’s on-site performance.
The neighborhood’s housing stock skews older (average year 1957), making a 1998-vintage community comparatively newer and more competitive versus much of the local inventory. For investors, that typically translates to fewer near-term capital surprises than pre-1970 assets, while selective system upgrades or common-area refreshes can further differentiate positioning.
Renter concentration is relatively limited in the immediate neighborhood, indicating a primarily owner-occupied area. However, within a 3-mile radius, demographics show a large, affluent population base with stable population trends and a projected increase in households through 2028, supporting renter pool expansion and occupancy stability for well-managed properties. Median contract rents in the neighborhood have risen materially over the past five years, and the rent-to-income profile suggests manageable affordability pressure that can aid retention and lease management.
Home values are elevated for the region, which tends to sustain rental demand by positioning multifamily as a more accessible option than ownership for many households. Amenities are mixed: parks access is a clear strength, while neighborhood cafe and grocery densities are thinner, favoring properties that provide on-site conveniences or partner with delivery services. These dynamics, based on CRE market data from WDSuite, indicate steady demand drivers with emphasis on operational execution and product differentiation.
Area safety indicators compare favorably in a national context. Property offense metrics rank in the top percentile nationally, and violent-offense measures trend above national averages as well, indicating a comparatively safe environment versus many U.S. neighborhoods. These figures reflect neighborhood-level patterns rather than property-specific conditions.
Recent year-over-year shifts show modest improvement in property offenses and a slight uptick in violent offenses. For investors, this suggests monitoring trends over time while recognizing that current safety standing remains above national norms and competitive among Nassau County neighborhoods.
The surrounding employment base blends financial services, healthcare distribution, and corporate headquarters within commutable distance, supporting steady renter demand and retention for workforce and professional households. The list below highlights nearby employers most relevant to leasing stability.
- Fernando Monasterio - Citizens Bank, Home Mortgages — mortgage lending (6.5 miles)
- Henry Schein — medical and dental distribution (7.3 miles) — HQ
- Prudential — financial services (16.6 miles)
- W.R. Berkley — insurance (20.0 miles) — HQ
- Xpo Logistics — logistics & transportation (20.4 miles) — HQ
Built in 1998 with 102 units, the property offers a comparatively newer product profile in a neighborhood dominated by mid-century housing. This positioning, coupled with elevated ownership costs in East Meadow, supports durable multifamily demand and potential pricing power, while neighborhood occupancy has remained solid relative to metro patterns, according to commercial real estate analysis from WDSuite. Within a 3-mile radius, projections indicate population stability and an increase in households through 2028, pointing to a larger tenant base over time.
Operationally, rising neighborhood rents and a rent-to-income profile that suggests manageable affordability pressure reinforce retention prospects. At the same time, limited neighborhood renter concentration and thinner everyday retail density (notably cafes and groceries) place a premium on targeted amenities and service offerings. Given its 1998 vintage, investors should plan for selective modernization and systems updates to sustain competitive standing versus both older local stock and newer Class A deliveries in the broader Long Island market.
- Newer 1998 vintage versus older neighborhood stock supports competitive positioning with measured capex planning
- Elevated ownership costs reinforce multifamily demand and aid leasing durability
- 3-mile household growth outlook expands the tenant base and supports occupancy stability
- Neighborhood rent trends and manageable rent-to-income dynamics support retention and revenue management
- Risks: lower local renter concentration and thinner cafe/grocery density require strong on-site amenities and marketing