| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 66th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 650 Newbridge Rd, East Meadow, NY, 11554, US |
| Region / Metro | East Meadow |
| Year of Construction | 1983 |
| Units | 87 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
650 Newbridge Rd, East Meadow NY Multifamily Investment
Stable neighborhood occupancy and a high-cost ownership market point to durable renter demand, based on CRE market data from WDSuite for the Nassau–Suffolk metro. The thesis centers on steady leasing fundamentals rather than outsized rent spikes.
East Meadow is an Inner Suburb with a B neighborhood rating and occupancy levels that sit in the top quartile nationally, according to WDSuite’s CRE market data. Within the Nassau County–Suffolk County, NY metro (608 neighborhoods), it performs above the metro median on occupancy, supporting retention and renewal strategies for multifamily operators.
Local amenity access is mixed. Restaurant density is strong (above national averages), while cafes, pharmacies, and grocery options are thinner within the immediate neighborhood, suggesting more auto-oriented convenience trips. Parks access is a relative strength, landing in the top decile nationally, which can bolster overall livability for family renters.
Schools are a positive contributor: average ratings score competitive among Nassau–Suffolk neighborhoods (ranked 68 out of 608, top quintile metro) and land in the top quartile nationally. For family-focused demand, that typically supports longer tenures and fewer mid-lease moves.
Tenure patterns indicate a limited share of renter-occupied housing locally, which implies constrained rental supply; investor takeaway is that qualified tenants may face fewer comparable options nearby, supporting occupancy stability. Home values are elevated (91st percentile nationally), and household incomes are similarly high, which in practice sustains reliance on multifamily housing among households not pursuing ownership and can aid pricing power with careful lease management.
Demographic statistics are aggregated within a 3-mile radius. Population and household counts have grown modestly in recent years and are projected to expand further by 2028, pointing to a gradually larger tenant base. Median contract rents increased over the past five years, with forward-looking projections indicating moderation, which favors steady, operations-led NOI rather than aggressive rent growth assumptions.
Comparable crime data for this specific neighborhood are not available in WDSuite’s current release, so investors should benchmark safety using county and metro sources in addition to on-the-ground diligence. A practical approach is to compare recent trends against Nassau–Suffolk suburban peers and evaluate property-level measures (lighting, access control, and visibility) as part of underwriting.
The area draws from a diversified Long Island and NYC employment base that supports commuter convenience and renter retention, including financial services, healthcare distribution, and airlines/corporate headquarters represented below.
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services offices (7.6 miles)
- Henry Schein — healthcare distribution (8.0 miles) — HQ
- Prudential — insurance & financial services (16.3 miles)
- Jetblue Airways — airline corporate offices (20.8 miles) — HQ
- W.R. Berkley — insurance (22.0 miles) — HQ
650 Newbridge Rd is an 87-unit multifamily asset built in 1983, positioned in an Inner Suburb with nationally strong occupancy and elevated ownership costs. The vintage is newer than the neighborhood’s average housing stock, which can offer a competitive edge versus older comparables while still warranting selective system modernization or common-area updates to protect long-run NOI. According to CRE market data from WDSuite, neighborhood occupancy trends are above the metro median and in the upper national percentiles, indicating a favorable backdrop for lease renewal performance.
Within a 3-mile radius, population and household counts are expanding and incomes are high, contributing to a capable renter pool. Elevated home values in the area reinforce reliance on rental housing among households not buying, while school quality and parks access support family renter appeal. Forward-looking rent trends are expected to moderate, so the underwriting case favors operational execution, targeted value-add, and expense control over outsized rent growth assumptions.
- Occupancy strength above metro norms supports stable renewals and lease-up
- 1983 vintage is newer than local stock, with potential to capture value through selective upgrades
- High-cost ownership market and strong incomes deepen the qualified renter base
- Family-friendly signals (parks access, competitive schools) aid retention
- Risks: limited walkable retail, low renter-occupied share locally, and moderated rent growth require disciplined operations