| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 70th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 A E Pine St, Long Beach, NY, 11561, US |
| Region / Metro | Long Beach |
| Year of Construction | 1975 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 A E Pine St, Long Beach NY Multifamily Opportunity
Positioned in Long Beach’s Urban Core, the asset benefits from steady renter demand and high local incomes, according to WDSuite’s CRE market data. Neighborhood-level occupancy has trended stable, supporting income durability for well-managed properties.
Long Beach’s neighborhood profile is rated A and is competitive among Nassau County–Suffolk County neighborhoods (45 out of 608), reflecting strong livability and demand drivers. Grocery, park, pharmacy, and restaurant access rank in high national percentiles, signaling daily convenience that supports leasing and retention.
Neighborhood occupancy is about 90% and has edged higher in recent years; this figure describes the neighborhood, not the property. Median contract rents in the area sit in upper national percentiles, while the rent-to-income ratio remains moderate, suggesting manageable affordability pressure that can help sustain retention and pricing discipline for operators.
Tenure and renter base: roughly one-quarter of housing units are renter-occupied at the neighborhood level, indicating an owner-leaning area with a defined but selective renter pool. For multifamily investors, that typically points to demand anchored by households seeking convenience and flexibility rather than a transitory base.
Demographics (3-mile radius): population has inched up in the recent period with higher median incomes, and WDSuite’s forward view indicates further population growth alongside a projected increase in households and a smaller average household size. That combination generally expands the renter pool and can support occupancy stability for appropriately positioned units.
Schools and amenities: average school ratings are strong versus national peers, and the neighborhood sits in top national tiers for access to restaurants, parks, groceries, and pharmacies. Elevated home values in the submarket point to a high-cost ownership landscape, which tends to reinforce reliance on multifamily housing and supports leasing velocity for quality product.
Safety indicators present a mixed but manageable picture for investors. Within the Nassau County–Suffolk County metro, the neighborhood’s crime rank suggests it sits closer to higher-crime cohorts (42 among 608). At the same time, national positioning is comparatively favorable, with broad safety metrics landing above many neighborhoods nationwide. Interpreting both frames together, the area is relatively stronger at the national level than inside its own metro.
Year-over-year trends in property-related incidents show recent improvement in estimates, while some violent categories have been more variable. For underwriting and operations, this points to standard risk management—good lighting, access control, and coordination with local resources—rather than an outlier risk profile.
Proximity to diversified employers supports a stable renter base, with insurance, healthcare distribution, airlines, and pharmaceuticals all accessible within typical commuting ranges. The following nearby employers underpin demand and commute convenience for workforce and professional tenants.
- Prudential — insurance (11.3 miles)
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services (17.4 miles)
- Henry Schein — healthcare distribution (17.6 miles) — HQ
- Jetblue Airways — airline (18.3 miles) — HQ
- Pfizer — pharmaceuticals (19.7 miles) — HQ
Built in 1975 with 86 units, the property offers operational scale in a high-cost ownership market where elevated single-family values bolster multifamily reliance. Based on commercial real estate analysis from WDSuite, the neighborhood shows stable occupancy, strong amenity access, and incomes that support rent levels without extreme affordability pressure—factors that can underpin steady performance for well-managed assets.
The area’s renter concentration is modest, but a growing 3-mile population and projected increase in households—alongside smaller household sizes—point to a larger tenant base over time. Given the vintage, a targeted value-add or system modernization program can enhance competitiveness versus older stock while managing long-term capital needs.
- Neighborhood occupancy stability and high-amenity setting support leasing and retention.
- Elevated ownership costs in Long Beach reinforce multifamily demand and pricing power.
- 3-mile demographics indicate population growth and more households, expanding the renter pool.
- 1975 vintage offers value-add and system-upgrade opportunities to drive NOI.
- Risks: owner-leaning tenure and metro-relative safety positioning warrant disciplined leasing and property management.