| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 74th | Best |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1930 Sunrise Hwy, Merrick, NY, 11566, US |
| Region / Metro | Merrick |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1930 Sunrise Hwy Merrick NY Multifamily Investment
Neighborhood occupancy trends are strong and have held above many metro peers, supporting stable renter demand according to WDSuite’s CRE market data. This location’s inner-suburban fundamentals point to durable leasing with measured upside.
Situated in Merrick along Sunrise Hwy, the property benefits from an inner-suburban setting with steady demand drivers and access to Nassau-Suffolk employment centers. Neighborhood occupancy ranks well (above metro median and top quartile nationally), which typically supports fewer downtime gaps between turns and firmer rent rolls, per commercial real estate analysis from WDSuite at the neighborhood level (not the property).
Daily needs are well-covered: grocery access is competitive among Nassau County-Suffolk County neighborhoods (ranked 60 out of 608; 95th percentile nationally), while restaurant density is also strong (ranked 36 out of 608; 96th percentile nationally). Broader amenity breadth sits mid-pack overall (amenity rank 243 of 608, competitive among metro neighborhoods and near the national median), though cafés and parks are comparatively limited locally.
Schools rate favorably for the metro (average rating near 4.0, ranked 68 of 608, placing the neighborhood in the top quartile nationally). For investors, this can help underpin retention for family-oriented renter households and contribute to consistent tenant quality over time.
Within a 3-mile radius, demographics indicate a large and growing consumer base, with population and household counts expanding in recent years and projected to continue rising through 2028. The renter-occupied share within this radius is in the mid-teens, implying a smaller but stable renter pool; combined with a high-cost ownership market (home values are elevated relative to national norms, 91st percentile), this backdrop helps sustain reliance on rentals and supports occupancy stability.
The asset’s 1988 vintage is newer than the neighborhood’s average construction year (1965). That relative youth can provide competitive positioning versus older local stock, while still warranting targeted modernization and systems updates as part of capital planning.
Comparable crime benchmarks at the neighborhood level are not available in the current dataset from WDSuite for this location. Investors typically contextualize safety by comparing inner-suburb trends to Nassau County-Suffolk County averages and reviewing municipal reporting to gauge directionality and potential impacts on leasing and retention.
Proximity to diversified employers helps support leasing from professionals commuting across Long Island and into the city, including healthcare products, financial services, airlines, and pharmaceuticals represented here.
- Henry Schein — healthcare products (10.3 miles) — HQ
- Prudential — financial services (15.6 miles)
- Jetblue Airways — airline (21.1 miles) — HQ
- Lockheed Martin — defense & aerospace offices (22.8 miles)
- Pfizer — pharmaceuticals (22.8 miles) — HQ
This 42-unit, 1988-vintage asset offers exposure to an inner-suburban Nassau County location where neighborhood occupancy trends are strong and homeownership costs are elevated versus national norms. Together, these factors typically support a dependable renter base and healthy lease retention. Population and household growth within a 3-mile radius point to a gradually expanding tenant pool over the next cycle, while the property’s relative youth versus the 1965 neighborhood average suggests competitive positioning against older stock, with scope for targeted value-add updates. According to CRE market data from WDSuite, the neighborhood’s amenity and school profiles compare well within the metro, reinforcing demand fundamentals.
Key considerations include a renter share that is smaller than in urban cores—implying more deliberate leasing and product positioning—as well as lighter café and park density locally. Balanced against strong grocery and restaurant access, these factors suggest steady operations with selective upside through renovations and proactive asset management.
- Inner-suburban location with strong neighborhood occupancy supporting stable cash flows
- 1988 vintage is newer than local average, offering competitive positioning plus value-add potential
- High-cost ownership market reinforces renter reliance, aiding retention and pricing power
- 3-mile radius shows population and household growth, expanding the tenant base
- Risks: smaller renter-occupied share and lighter café/park density may temper lease-up velocity