| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 23rd | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 36 Hilton Ave, Hempstead, NY, 11550, US |
| Region / Metro | Hempstead |
| Year of Construction | 2011 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
36 Hilton Ave, Hempstead NY Multifamily Investment
Neighborhood occupancy is in the low 90s and renter demand is supported by a large tenant base, according to CRE market data from WDSuite. This Urban Core location in Nassau County offers durable leasing fundamentals relative to the metro, with pricing power influenced by a high-cost ownership market.
The property sits in a Nassau County Urban Core setting with strong daily needs access. Neighborhood amenities score in the top quartile nationally, with dense restaurant and grocery options and pharmacies ranking near the top of peer areas nationwide. This concentration of services supports resident convenience and reduces turnover friction for multifamily operators.
On education, average school ratings track below national norms (low national percentile), which may matter for family-oriented leasing strategies. Investors can offset this by positioning toward workforce and convenience-driven renters who value proximity to services and employment centers.
Multifamily fundamentals are supported by neighborhood-level occupancy around the mid‑90s and a renter-occupied share above half of housing units, signaling depth in the tenant base and helping stabilize renewals. Compared with metro peers (608 neighborhoods), these conditions are competitive among Nassau County–Suffolk County neighborhoods, according to WDSuite’s CRE market data.
Within a 3-mile radius, demographics show population and household growth over the past five years with further increases projected through 2028, indicating renter pool expansion and support for lease-up velocity. Elevated home values relative to incomes (high national percentile) characterize a high-cost ownership market, which tends to sustain reliance on rental housing and can reinforce pricing power for well-positioned assets. Rent-to-income levels at the neighborhood scale suggest manageable affordability pressure, but operators should remain attentive to lease management and renewal strategies.
Safety indicators point to comparatively favorable conditions versus national norms. Property offense rates benchmark in the top percentile nationally, and violent-incident measures sit in the top quartile nationwide, with recent year-over-year declines noted in WDSuite’s data. As with most Urban Core locations, conditions can vary by block; investors should evaluate on-the-ground patterns and property-level controls as part of standard diligence.
Nearby employment hubs include healthcare, pharmaceuticals, airlines, and financial services, providing a broad white-collar and skilled administrative base that supports renter demand and commute convenience for residents.
- Henry Schein — healthcare distribution (11.9 miles) — HQ
- JetBlue Airways — airlines (16.4 miles) — HQ
- Pfizer — pharmaceuticals (18.2 miles) — HQ
- Citigroup — financial services (18.2 miles) — HQ
- TIAA — financial services (18.2 miles) — HQ
Built in 2011, the asset is newer than much of the surrounding housing stock, providing a competitive edge versus older neighborhood inventory while keeping an eye on mid-life system updates. Neighborhood occupancy in the low 90s, a renter-occupied share above half of units, and dense retail/services underpin a steady tenant base. Elevated ownership costs in the area tend to sustain rental demand, while population and household growth within a 3-mile radius point to a larger pool of prospective renters over the medium term.
According to CRE market data from WDSuite, the neighborhood compares favorably to national norms on amenity access and safety benchmarks, supporting lease retention and rent trade-outs when positioned correctly. Key watch items include below-average school ratings for family renters and prudent affordability management to maintain renewal health.
- 2011 vintage offers competitive positioning versus older local stock with potential value-add through selective modernization
- Stable neighborhood occupancy and broad renter base support leasing durability
- High-cost ownership market reinforces renter reliance and pricing power for well-managed assets
- 3-mile population and household growth signal ongoing renter pool expansion
- Risk: below-average school ratings and affordability management require careful tenant mix and renewal strategy