| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Poor |
| Demographics | 76th | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1425 Jerusalem Ave, Merrick, NY, 11566, US |
| Region / Metro | Merrick |
| Year of Construction | 1988 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1425 Jerusalem Ave, Merrick NY Multifamily Investment
Positioned in a high-cost ownership pocket of Nassau County, this asset benefits from steady neighborhood occupancy and an expanding 3‑mile renter pool, according to WDSuite’s CRE market data. The location supports stable leasing while offering room for selective upgrades to sharpen competitiveness.
Located in Merrick’s Inner Suburb context within the Nassau County–Suffolk County metro, the neighborhood posts strong occupancy at the neighborhood level (measured for the neighborhood, not the property), ranking in the top quartile among 608 metro neighborhoods. This typically supports rent collection consistency and reduces downtime between turns for well‑positioned multifamily assets.
Day‑to‑day convenience is a relative strength: neighborhood grocery access ranks in the 92nd percentile nationally, while cafes and parks are limited within neighborhood boundaries. For family‑oriented renters, average school ratings around 4.0 sit in the 84th percentile nationally, a differentiator versus many suburban peers.
Within a 3‑mile radius, demographics show population growth and rising incomes, with household counts trending upward and larger average household sizes. These trends expand the local tenant base and can support occupancy stability and pricing discipline for quality units.
Home values in the neighborhood are elevated (median near the 91st national percentile), creating a high‑cost ownership market that tends to reinforce reliance on rental housing. For investors, that dynamic can aid lease retention and sustain demand, particularly for well‑maintained, appropriately finished units backed by thoughtful asset management and multifamily property research.
Comparable neighborhood‑level crime metrics are not available in this dataset for precise benchmarking. Investors typically evaluate safety via multi‑source trend reviews at the neighborhood and municipal levels; here, a balanced approach is recommended, using recent police reports and community trend updates to contextualize conditions relative to other Nassau County suburbs.
Proximity to regional employers supports commuter appeal and leasing stability, with access to financial services, healthcare products distribution, aviation, and defense & aerospace offices.
- Fernando Monasterio - Citizens Bank, Home Mortgages — home mortgages (9.0 miles)
- Henry Schein — healthcare products distribution (9.4 miles) — HQ
- Prudential — insurance (15.1 miles)
- Jetblue Airways — airline operations (19.9 miles) — HQ
- Lockheed Martin — defense & aerospace offices (21.6 miles)
Built in 1988 with 37 units averaging about 1,253 sq. ft., the property is materially newer than the neighborhood’s mid‑century housing stock. That vintage can translate into lower near‑term capital needs versus older comparables, while still leaving room for targeted renovations to modernize systems and interiors where beneficial. At the neighborhood level, occupancy is strong and ranks among the top performing cohorts metro‑wide, a backdrop that supports stable cash flow execution according to CRE market data from WDSuite.
Within a 3‑mile radius, population and households are projected to increase, and incomes are high and rising. Together with a high‑cost ownership landscape, these dynamics bolster multifamily demand and can aid lease retention. Rents have risen in recent years and are expected to continue at a more moderate pace, favoring assets that emphasize quality finishes, efficient operations, and disciplined renewal strategies.
- Neighborhood occupancy ranks among the stronger cohorts in the metro, supporting cash flow durability.
- 1988 vintage offers relative CapEx relief versus older local stock, with selective value‑add potential.
- 3‑mile population and household growth expand the tenant base and support leasing velocity.
- Elevated neighborhood home values reinforce renter reliance on multifamily, aiding retention.
- Risks: relatively limited neighborhood amenities (e.g., parks/cafes) and a smaller local renter concentration may require sharper positioning and renewal management.