| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 87th | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21 Canterbury Rd, Great Neck, NY, 11021, US |
| Region / Metro | Great Neck |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21 Canterbury Rd Great Neck Multifamily Investment
Amenity-rich Urban Core location with stable neighborhood occupancy and a meaningful renter-occupied housing base supports consistent leasing, according to WDSuite’s CRE market data. The area’s dense retail and dining cluster underpins renter demand and helps sustain retention through convenience-driven livability.
Great Neck’s Urban Core setting scores strongly for daily-needs access and dining variety. Restaurant and cafe density ranks at the top of the Nassau County–Suffolk County metro (restaurants and cafes both rank 1 out of 608 neighborhoods) and sits in the top national percentiles, helping properties compete on convenience without heavy amenity spend. Grocery access is also robust (rank 6 of 608; 99th percentile nationally), reinforcing walkable essentials that support leasing and renewal rates.
The neighborhood carries an A+ overall rating and is positioned in the top quartile among 608 metro neighborhoods based on WDSuite’s composite neighborhood metrics. Occupancy in the surrounding neighborhood has held near the mid‑90s in recent years, indicating demand stability for professionally managed assets. The local renter-occupied housing share is 43.9% (rank 32 of 608), which is competitive among Nassau County–Suffolk County neighborhoods and signals a deep tenant base for multifamily product.
Within a 3‑mile radius, demographics indicate a larger-income renter pool with ongoing population growth and an expected increase in households over the next five years. Forecasts point to more households and a slight reduction in average household size, implying gradual renter pool expansion and continued support for smaller formats. Median contract rents have trended upward while the rent‑to‑income ratio remains comparatively manageable for the area, which can aid lease retention and measured pricing power.
Home values and household incomes are elevated versus national norms, characteristic of a high‑cost ownership market. For investors, that context tends to sustain reliance on rental housing, supporting occupancy durability. Amenity density is a clear strength, while the immediate neighborhood footprint shows limited dedicated park and childcare facilities; residents often rely on nearby alternatives across the metro for those needs.
Comparable neighborhood‑level crime metrics are not available in WDSuite for this location, so investors should benchmark safety using municipal data and management feedback alongside metro‑level context. A prudent approach is to assess multi‑year trends and compare them to Nassau County–Suffolk County averages to understand whether conditions are improving, stable, or deteriorating around the asset.
Proximity to major corporate offices broadens the commuter renter base and supports leasing stability. Key nearby employers include Prudential, JetBlue Airways, Loews, Lockheed Martin, and Ralph Lauren.
- Prudential — insurance (10.8 miles)
- Jetblue Airways — airline (11.6 miles) — HQ
- Loews — conglomerate (13.1 miles) — HQ
- Lockheed Martin — defense & aerospace offices (13.1 miles)
- Ralph Lauren — apparel & lifestyle (13.1 miles) — HQ
Built in 1973, the property offers mid‑70s vintage positioning in an A+‑rated, amenity‑rich Urban Core sub‑area of Great Neck. The neighborhood shows durable renter demand, with occupancy in the mid‑90s and a competitive renter-occupied housing share that supports a dependable tenant pipeline. Elevated ownership costs relative to incomes favor sustained rental reliance, while strong grocery and dining density reduces the need for on‑site replacements to achieve lifestyle convenience. According to CRE market data from WDSuite, neighborhood fundamentals align with steady leasing performance rather than volatility‑driven swings.
The 3‑mile radius shows population growth and a projected increase in households alongside slightly smaller household sizes, pointing to gradual renter pool expansion. The 1973 vintage suggests selective value‑add through unit and systems modernization can enhance competitiveness against newer stock while keeping capital planning focused and targeted.
- Amenity‑dense Urban Core location (top‑of‑metro dining/grocery access) supports leasing and retention.
- Stable neighborhood occupancy and competitive renter‑occupied housing share indicate depth of tenant demand.
- High‑cost ownership context reinforces rental reliance, aiding pricing power with measured lease management.
- 1973 vintage offers value‑add potential via interiors and building systems to strengthen positioning.
- Risks: limited dedicated parks/childcare in the immediate footprint and capital needs typical of 1970s assets.