| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 57th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 60 Front St, East Rockaway, NY, 11518, US |
| Region / Metro | East Rockaway |
| Year of Construction | 2007 |
| Units | 43 |
| Transaction Date | 2005-08-31 |
| Transaction Price | $4,850,000 |
| Buyer | --- |
| Seller | OCEAN OUTBOARD MARINE CEN |
60 Front St, East Rockaway Multifamily Investment Opportunity
Neighborhood occupancy is high and stable, supporting leasing durability for a 43-unit asset, according to WDSuite’s CRE market data. Metrics reference the surrounding neighborhood and indicate durable renter demand relative to national benchmarks.
East Rockaway sits within Nassau County’s inner suburbs, offering park access and everyday retail that appeal to renters seeking suburban convenience with proximity to Long Island job centers. Neighborhood parks are abundant relative to national norms, while grocery options score above average; restaurants are competitive among metro peers. Cafés and pharmacies are thinner locally, which can modestly affect walk-to-amenity appeal, but core needs are met within short drives.
Occupancy in the immediate neighborhood is strong and in the top quartile nationally, positioning multifamily to benefit from steady lease-up and retention through cycles. At the same time, the share of housing units that are renter-occupied is comparatively low, suggesting a thinner immediate renter base; investors should expect demand to draw from nearby communities and commuting households across the metro.
Within a 3-mile radius, WDSuite data shows recent population growth with further expansion projected, alongside an increase in households and high median incomes. These trends point to a larger tenant base over time and support for rent levels consistent with the area’s high-cost ownership market, which can reinforce reliance on multifamily housing and help sustain occupancy stability.
The property’s 2007 vintage is newer than much of the local housing stock, offering relative competitiveness versus older buildings in the neighborhood. Investors should still plan for targeted modernization and system updates typical for mid-2000s construction to maintain leasing appeal against newer deliveries.
WDSuite’s neighborhood release does not provide a current crime ranking for this location. Investors typically benchmark safety by comparing neighborhood trends to broader Nassau County–Suffolk County patterns and by evaluating on-site measures such as lighting, controlled access, and visibility. Standard diligence—reviewing recent local trend reports and coordinating with property management—can help contextualize risk and resident experience without relying on block-level claims.
Nearby employment is anchored by financial services, healthcare distribution, airlines, and pharmaceuticals—sectors that support a diverse renter base and commute-friendly demand for workforce and professional households.
- Prudential — insurance & financial services (10.3 miles)
- Fernando Monasterio - Citizens Bank, Home Mortgages — mortgage lending (15.2 miles)
- Henry Schein — healthcare supplies & distribution (15.6 miles) — HQ
- Jetblue Airways — airline corporate offices (16.6 miles) — HQ
- Pfizer — pharmaceuticals (18.2 miles) — HQ
This 43-unit, mid-2000s asset in East Rockaway benefits from high neighborhood occupancy—competitive among Nassau County–Suffolk County neighborhoods and in the top quartile nationally—supporting leasing stability through cycles. The 2007 construction is newer than the area’s older housing base, positioning the property well against legacy stock while leaving room for focused upgrades to enhance rents and retention.
Within a 3-mile radius, WDSuite indicates recent population growth, rising household counts, and strong incomes that reinforce a deep renter pool and sustain pricing power. Elevated ownership costs in the surrounding suburbs further support reliance on rentals, while proximity to diversified employers broadens demand beyond the immediate neighborhood. These dynamics, according to CRE market data from WDSuite, suggest durable fundamentals with measured upside via modernization and operational execution.
- High neighborhood occupancy supports stable lease-up and retention
- 2007 vintage competitive versus older local stock with value-add potential
- 3-mile radius shows population and household growth, enlarging the tenant base
- Elevated ownership costs bolster multifamily demand and pricing power
- Risk: lower immediate renter-occupied share and mixed amenity depth may temper walkability-driven demand