| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 83rd | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 E Broadway, Long Beach, NY, 11561, US |
| Region / Metro | Long Beach |
| Year of Construction | 2006 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
125 E Broadway, Long Beach NY Multifamily Investment
Income levels and renter demand in the surrounding neighborhood support steady lease-up and pricing discipline, according to WDSuite's CRE market data. With a 2006 vintage and proximity to essential retail, the asset is positioned to compete against older local stock while balancing operating costs.
Long Beach's Urban Core location provides daily convenience that underpins renter retention. Neighborhood amenities test well versus national benchmarks: restaurants and pharmacies are in the top national percentiles, and grocery access ranks among the strongest in the Nassau–Suffolk metro, based on WDSuite data. This dense service base supports day-to-day livability and reduces reliance on long commutes for essentials.
Renter-occupied housing comprises roughly one-third of neighborhood units, indicating a meaningful tenant base without oversaturation. Median contract rents are elevated versus national norms, but a modest rent-to-income profile signals manageable affordability pressure for local earners — a constructive setup for renewals and revenue stability.
Demographic statistics aggregated within a 3-mile radius show a high-income profile today and expectations for population growth and an increase in households over the next five years. Smaller household sizes are also anticipated, which typically supports demand for smaller-format units and sustained depth in the renter pool. These dynamics point to continued renter demand that can support occupancy and leasing velocity.
Vintage matters: with most nearby housing stock dating to the mid-20th century, a 2006 construction date offers relative competitiveness on building systems and design. Investors should still plan for mid-life capital items and selective updates to keep the property positioned against both new deliveries and renovated legacy assets. Overall, Long Beach's high-cost ownership market and amenity strength create durable multifamily fundamentals, aided by local incomes and neighborhood occupancy near national mid-range, per WDSuite's commercial real estate analysis.
Safety indicators compare favorably at the national level. According to WDSuite, the neighborhood scores in the top quartile nationally for overall safety, with violent incidents ranking competitive among Nassau–Suffolk neighborhoods. Recent year-over-year readings also show declines in violent offenses, a constructive trend for tenant retention and leasing.
While conditions vary by block and time of day, the combination of above-average national percentiles and improving momentum suggests a supportive backdrop for multifamily operations relative to many urban districts. As always, investors should align on-property security and lighting with standard institutional practices.
Regional white-collar employers within commuting range help sustain a steady renter pipeline, particularly for professionals seeking beach-adjacent living with metro access. Key nodes include Prudential, Henry Schein, JetBlue Airways, and several Fortune 500 headquarters concentrated within roughly 12–20 miles.
- Prudential — insurance & financial services (11.6 miles)
- Fernando Monasterio - Citizens Bank, Home Mortgages — mortgage services (17.8 miles)
- Henry Schein — healthcare distribution (17.9 miles) — HQ
- Jetblue Airways — airline corporate (18.6 miles) — HQ
- Dr Pepper Snapple Group — beverage corporate office (19.9 miles)
This 50-unit property, built in 2006, offers a favorable balance of durability and value-add potential versus the neighborhood's older mid-century stock. Elevated local incomes, high-cost home values, and a renter pool supported by robust amenities point to durable demand, while occupancy trends sit around national mid-range with modest improvement — an environment conducive to stable cash flow and disciplined rent growth. Based on CRE market data from WDSuite, the area's service density and income profile support pricing power without overextending affordability.
Within a 3-mile radius, population growth and a projected increase in households expand the tenant base, with smaller household sizes favoring efficient floor plans. The property's later vintage should remain competitive with targeted upgrades, positioning it well against both new deliveries and renovated older assets.
- 2006 construction competes well against predominantly mid-century neighborhood stock, with scope for selective value-add.
- Strong amenity access and high household incomes support renter demand and renewal potential.
- Renter concentration near one-third of units indicates depth without oversupply, aiding occupancy stability.
- Nationally competitive safety profile and improving trends support leasing and tenant retention.
- Risk: operating costs and mid-life capital items should be planned as the asset advances beyond its second decade; affordability management remains key in a high-cost ownership market.