| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 69th | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 380 Fulton St, Farmingdale, NY, 11735, US |
| Region / Metro | Farmingdale |
| Year of Construction | 1983 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
380 Fulton St Farmingdale Multifamily Investment Opportunity
Situated in an A-rated inner-suburban pocket of Nassau–Suffolk, this asset benefits from stable neighborhood occupancy and strong daily-needs amenity density, according to WDSuite’s CRE market data. The area’s high-cost ownership landscape supports renter retention while keeping demand resilient through cycles.
The immediate neighborhood ranks 30 out of 608 Nassau–Suffolk neighborhoods with an A rating—competitive within the metro—and sits in the top quartile nationally for overall neighborhood quality based on amenity access and housing fundamentals. Cafes, groceries, childcare, and restaurants index very strongly (each in the high national percentiles), reinforcing convenience and day-to-day livability that helps support leasing and renewals.
Neighborhood occupancy is solid and above many national benchmarks, with stability supported by a renter-occupied share around one-third of housing units. By contrast, demographic statistics aggregated within a 3-mile radius indicate a more owner-tilted housing mix, which can temper new renter supply but often favors retention for well-located multifamily.
Home values are elevated relative to the nation (high national percentile), creating a high-cost ownership market that sustains reliance on rental housing and can support pricing power. At the same time, rent-to-income levels read as manageable for many local households, offering a balanced setup for lease management and renewal strategies.
Vintage context matters: the property’s 1983 construction is newer than the neighborhood’s older housing stock (average vintage around the early 1960s), which can provide a competitive edge versus legacy assets. Investors should still plan for targeted modernization and system updates typical for 1980s buildings to protect NOI and extend useful life.
On the risk side, public school ratings in the neighborhood trend below national medians, which can matter for family-oriented renters, and park access is limited. However, the strong concentration of private-sector amenities and daily services helps offset some of the lifestyle tradeoffs for a broad renter profile.
Within a 3-mile radius, recent population movement has been relatively flat, but forecasts point to renewed population growth and an increase in households through 2028. For multifamily, this implies a gradually expanding tenant base that supports occupancy stability and measured rent growth, based on CRE market data from WDSuite.
Comparable neighborhood crime reporting is not available in the dataset provided for this location. Investors typically benchmark safety using county and metro trend comparisons, property-level operating history, and local management insights rather than block-level claims. Given the neighborhood’s strong overall ranking within the metro and stable occupancy, market signals suggest housing stability, but on-site diligence remains important.
Nearby corporate employment anchors support renter demand via commute convenience and diversified white-collar job bases. Key employers include Henry Schein, Motorola Solutions, Prudential, W.R. Berkley, and United Rentals.
- Henry Schein — healthcare distribution (3.2 miles) — HQ
- Motorola Solutions — communications technology offices (21.1 miles)
- Prudential — financial services offices (21.4 miles)
- W.R. Berkley — insurance (21.9 miles) — HQ
- United Rentals — industrial services (22.3 miles) — HQ
380 Fulton St benefits from an A-rated, amenity-rich inner suburb where neighborhood occupancy is steady and daily-needs retail is unusually dense. Elevated home values indicate a high-cost ownership market that tends to reinforce rental demand and help sustain rent levels, while rent-to-income readings suggest manageable affordability pressure for many households. The 1983 vintage is newer than much of the surrounding stock, offering competitive positioning versus older assets; targeted modernization can further enhance performance.
Demographic statistics aggregated within a 3-mile radius show relatively flat population trends recently, with forecasts pointing to household growth—an indicator of a slightly expanding renter pool that supports occupancy stability. According to CRE market data from WDSuite, the neighborhood’s amenity strength and solid occupancy backdrop align with long-term multifamily fundamentals, though investors should underwrite thoughtfully for school quality perceptions and limited park access.
- A-rated, amenity-dense inner suburb with stable neighborhood occupancy
- High-cost ownership market supports renter reliance and pricing power
- 1983 vintage is newer than nearby stock; value-add via targeted modernization
- 3-mile forecasts indicate household growth, supporting a gradually expanding tenant base
- Risks: lower school ratings and limited park access may narrow family-oriented demand