| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 71st | Good |
| Amenities | 88th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Ellington Ave W, Garden City, NY, 11530, US |
| Region / Metro | Garden City |
| Year of Construction | 2012 |
| Units | 44 |
| Transaction Date | 2007-12-20 |
| Transaction Price | $8,274,101 |
| Buyer | GARDEN CITY TOWNHOMES LLC |
| Seller | GARDEN CITY DUPLEX LLC |
201 Ellington Ave W Garden City Multifamily Investment Opportunity
2012 construction in an inner-suburban A+ neighborhood supports durable renter demand and competitive positioning, according to WDSuite’s CRE market data.
Garden City’s inner-suburban setting combines high household incomes and abundant amenities that tend to support leasing stability. Neighborhood performance ranks in the top quartile among 608 Nassau–Suffolk metro neighborhoods, with dining and cafe density standing out at the top of the metro and in the upper percentiles nationally. Grocery and pharmacy access also register well above national medians, reinforcing day-to-day livability that can aid retention.
Multifamily fundamentals at the neighborhood level indicate occupancy around the mid-to-upper range for the region (neighborhood occupancy is measured for the neighborhood, not this property), and median asking rents track in the high national percentiles. With median home values elevated for the area, the ownership market is high-cost, which often sustains reliance on rental housing and can support pricing power while keeping lease-up risk in check.
Tenure mix shows a moderate renter-occupied share (neighborhood-level), implying a defined but not oversupplied tenant base. For investors, that typically points to steady demand from households prioritizing commute access and services, with less exposure to transient turnover than in heavily renter-concentrated pockets.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections calling for additional gains through 2028. A growing, high-income resident base expands the pool of qualified renters, which can support occupancy stability and measured rent growth over time.
School scores in the immediate neighborhood sit below the national median; investors should factor potential preference for private options into marketing and tenant profiling. Even so, amenity access and income depth remain competitive among Nassau–Suffolk neighborhoods.
Safety signals compare favorably at the national level. Neighborhood property offense rates are in the top deciles nationwide, and violent offense rates also sit in higher national percentiles, indicating comparatively safer conditions versus many U.S. neighborhoods. The most recent trend shows a material year-over-year decline in estimated property offenses, which supports a stable operating backdrop. All statistics reference neighborhood conditions, not the property.
Proximity to regional employers supports a steady renter pipeline, especially among professionals seeking commute convenience. Notable nearby corporate offices include healthcare distribution, airlines, and financial services—key industries that underpin demand and retention in this submarket.
- Henry Schein — healthcare distribution (9.7 miles) — HQ
- Prudential — diversified financial services (14.1 miles)
- JetBlue Airways — airline headquarters (18.0 miles) — HQ
- Citigroup — diversified financial services (19.7 miles) — HQ
- Pfizer — pharmaceuticals (19.7 miles) — HQ
Built in 2012, this 44-unit asset is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock and potentially lower near-term capital needs, while leaving room for targeted modernization over the hold. Neighborhood-level metrics indicate solid occupancy and high national rent percentiles, with elevated ownership costs reinforcing reliance on rental housing. Within a 3-mile radius, population and household growth—paired with strong income levels—point to a durable tenant base and support for rent and occupancy management over time.
According to CRE market data from WDSuite, the neighborhood scores in the top quartile locally with amenity access (dining, cafes, groceries) in upper national percentiles, which can aid leasing velocity and retention. A moderate renter-occupied share suggests steady demand without excessive turnover risk. Investors should still account for below-median neighborhood school ratings and monitor any softening in regional occupancy trends when underwriting.
- 2012 construction offers relative competitiveness versus older submarket inventory, with selective value-add potential
- High national amenity percentiles and strong income depth support leasing and retention
- Elevated ownership costs sustain rental demand and can support pricing power
- 3-mile radius shows ongoing population and household growth, expanding the qualified renter pool
- Risk: neighborhood school ratings trail national medians and regional occupancy has softened modestly; underwrite conservatively