| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Good |
| Demographics | 63rd | Fair |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Park Pl, Lynbrook, NY, 11563, US |
| Region / Metro | Lynbrook |
| Year of Construction | 1997 |
| Units | 22 |
| Transaction Date | 2003-07-29 |
| Transaction Price | $3,150,000 |
| Buyer | 802 MANHATTAN AVENUE LLC |
| Seller | 30 PARK PLACE PLACE LLC |
30 Park Pl, Lynbrook NY Multifamily Investment
Neighborhood occupancy around 94% supports steady leasing fundamentals, according to WDSuite’s CRE market data, while a modest renter concentration suggests limited competing multifamily supply.
Located in Lynbrook’s inner-suburban context of Nassau County-Suffolk County (608 neighborhoods tracked), the immediate neighborhood rates A- and ranks 151 of 608—placing it in the top quartile among metro peers. Dining density is a relative strength (nationally top quartile for restaurants), complemented by strong grocery and pharmacy access, while parks score above national averages. Cafés and childcare are less concentrated nearby, so daily convenience skews toward essentials rather than boutique options.
Average school ratings trend above national norms (around the 73rd percentile), which can underpin family-oriented renter retention. Median household incomes in the neighborhood test in the high national percentiles, and rent-to-income is comparatively favorable, indicating room for disciplined rent growth management without overextending affordability. Elevated home values in the area point to a high-cost ownership market, which can sustain multifamily demand and support pricing power over time.
Construction across the neighborhood skews older (average vintage around 1933), whereas the subject property was built in 1997. This newer vintage positions the asset competitively versus older local stock, though investors should still plan for targeted modernization and systems updates typical for late-1990s buildings.
Within a 3-mile radius, WDSuite data indicates recent population growth with additional household gains projected, supporting a larger tenant base and long-run occupancy stability. Renter-occupied housing remains a minority share locally, which can limit direct multifamily competition even as the renter pool gradually expands.
Comparable safety trends for this neighborhood are not ranked in the current WDSuite release, so block-level conclusions are avoided. Investors typically benchmark safety using multi-year, neighborhood-level trends and metro comparisons; where data is available, a rolling view is recommended to contextualize leasing, renewal behavior, and insurance planning.
- Prudential — insurance (9.9 miles)
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services (14.5 miles)
- Henry Schein — medical and dental supplies (15.0 miles) — HQ
- Jetblue Airways — airline headquarters and offices (15.9 miles) — HQ
- Pfizer — pharmaceuticals (17.5 miles) — HQ
30 Park Pl is a 22-unit, late-1990s asset in an inner-suburban Nassau County location where neighborhood dining, grocery, pharmacy, and park access outperform national averages, and homeownership costs are elevated. According to CRE market data from WDSuite, neighborhood occupancy is strong by national standards and the 3-mile area shows recent population and household growth, supporting tenant-base expansion and renewal stability. With a modest share of renter-occupied housing locally, multifamily competition is limited, which can aid pricing power and reduce turnover sensitivity.
Built in 1997, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older buildings while leaving room for targeted value-add through unit and common-area upgrades typical for this vintage. High household incomes and a high-cost ownership market reinforce the case for sustained rental demand, though investors should manage affordability and lease-ups carefully given lower café/childcare density and a renter base that is smaller than owner households.
- Inner-suburban location with nationally strong access to restaurants, groceries, pharmacies, and parks
- Newer 1997 vintage versus an older neighborhood baseline, supporting competitive positioning with value-add upside
- Nationally competitive occupancy and 3-mile population/household growth support leasing stability
- High-cost ownership market and strong incomes reinforce multifamily demand and pricing power
- Risks: modest renter concentration and limited café/childcare density may temper lease-up velocity