| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 28th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 206 Clinton St, Hempstead, NY, 11550, US |
| Region / Metro | Hempstead |
| Year of Construction | 1998 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
206 Clinton St Hempstead Multifamily near Nassau Job Nodes
Neighborhood renter-occupied housing and steady occupancy trends point to durable tenant demand, according to WDSuite’s CRE market data. Elevated ownership costs in Nassau County support leasing resilience for well-managed assets.
The property sits in Hempstead’s Urban Core with a neighborhood rating of B, offering day-to-day convenience that supports renter retention. Grocery access, parks, and pharmacies measure in the higher national percentiles, while restaurants are competitive as well; cafes are less concentrated, which skews the amenity mix toward essentials over lifestyle venues. Within the Nassau County–Suffolk County metro (608 neighborhoods), these attributes position the area as competitive among metro peers.
Neighborhood rents benchmark above national norms (per WDSuite), and occupancy has tracked around the national median over the past five years, signaling demand that is steady rather than speculative. The neighborhood’s renter-occupied share is substantial, indicating a meaningful tenant base for smaller units and workforce housing. These metrics describe the neighborhood, not this specific property’s occupancy.
Home values sit in upper national percentiles and the value-to-income ratio is elevated, a combination that creates a high-cost ownership market. For investors, that tends to reinforce reliance on multifamily rentals and can support pricing power, though it also calls for disciplined lease management where rent-to-income ratios are higher than average.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections pointing to further increases by 2028. Rising incomes and a larger local workforce expand the prospective renter pool, which can support occupancy stability and absorption for well-located assets. Median school ratings in the area are low on average, which can influence unit mix strategy but does not preclude stable demand for smaller formats.
Safety indicators compare favorably at the national level. Based on WDSuite’s datasets, the neighborhood scores in the top quartile nationally for overall crime safety, with violent offense measures also in stronger percentiles relative to neighborhoods nationwide. Year over year, both violent and property offense estimates show declines, which is a constructive directional trend for long-term operations.
As with any Urban Core location in a large metro, conditions can vary block to block. Investors should underwrite standard security measures and monitor local trends over time rather than rely on a single snapshot.
Proximity to regional employers underpins commuter convenience and helps sustain renter demand, particularly across financial services, healthcare distribution, insurance, airline corporate, and aerospace/defense offices.
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services/mortgage (10.5 miles)
- Henry Schein — healthcare/dental supplies (11.3 miles) — HQ
- Prudential — insurance (12.5 miles)
- Jetblue Airways — airline corporate (16.9 miles) — HQ
- Lockheed Martin — defense & aerospace offices (18.6 miles)
Built in 1998, the asset is materially newer than the neighborhood’s older housing stock, offering a competitive edge versus pre-war properties while leaving room for targeted modernization and systems updates over a long hold. According to CRE market data from WDSuite, neighborhood occupancy trends are near national medians with a sizable renter-occupied share, pointing to a durable tenant base rather than transient demand.
Upper-percentile home values and a high value-to-income backdrop in Nassau County reinforce reliance on rentals, supporting lease-up and renewal prospects. Demographics within a 3-mile radius show population and household growth with rising incomes, expanding the potential renter pool. Pricing power should be balanced with careful lease management given higher rent-to-income ratios and mixed school ratings.
- 1998 vintage: competitive versus older stock, with selective value-add and systems upgrades as potential upside
- Renter base depth: substantial neighborhood renter-occupied share supports demand and occupancy stability
- High-cost ownership market: elevated home values and value-to-income ratio bolster multifamily reliance
- Risks: higher rent-to-income ratios, low average school ratings, and amenity mix skewed toward essentials require disciplined operations