| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 91st | Best |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 Main St, Mineola, NY, 11501, US |
| Region / Metro | Mineola |
| Year of Construction | 2008 |
| Units | 22 |
| Transaction Date | 2006-02-07 |
| Transaction Price | $925,000 |
| Buyer | KINGDOM FAMILY HOLDINGS L |
| Seller | MILLER DAVID |
141 Main St Mineola — 22-Unit Multifamily Investment
Neighborhood occupancy is in the top quartile nationally and ownership costs are high for Nassau County, supporting durable renter demand, according to WDSuite s CRE market data.
Located in Mineola s inner-suburban fabric, the neighborhood ranks near the top among 608 metro neighborhoods (A+ rating), signaling strong fundamentals relative to the Nassau County Suffolk County region. Dining and daily services are notably dense restaurants and cafes benchmark in the top percentiles nationally which supports convenience and renter appeal. Within the neighborhood boundary, dedicated grocery and park counts register low; residents typically access these amenities in adjacent districts.
For investors screening for income durability, the neighborhood s occupancy measures in the top quartile nationally, and renter-occupied share is high versus the metro (ranked near the top among 608 neighborhoods). A higher renter concentration indicates a deeper tenant base and can support leasing velocity and renewal capture when managed well.
Home values sit in a high-cost ownership market (top national percentiles), which tends to reinforce reliance on rental housing and supports pricing power. At the same time, rent-to-income readings are favorable versus many coastal peers, suggesting comparatively lower affordability pressure and aiding retention planning.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, with median household incomes trending higher. This combination points to a larger tenant base and potential rent support over the medium term, based on CRE market data from WDSuite. The property s 2008 vintage is materially newer than the neighborhood s prewar average, offering relative competitiveness versus older stock while still warranting routine system updates over the hold period.
Safety indicators compare favorably on a national basis. Violent-offense levels benchmark in the very high national percentiles (safer than most neighborhoods nationwide), and property-offense readings are also strong. Recent year-over-year trends point to declines in violent incidents, according to WDSuite s CRE market data. As always, investors should evaluate block-level patterns during site visits and underwriting, but regional comparisons suggest a generally favorable backdrop.
Proximity to finance, healthcare distribution, insurance, airlines, and defense employers supports commuter convenience and a broad renter pool. Notable nearby employers include Citizens Bank Home Mortgages, Henry Schein, Prudential, JetBlue Airways, and Lockheed Martin.
- Fernando Monasterio - Citizens Bank, Home Mortgages finance services (10.7 miles)
- Henry Schein healthcare distribution (11.8 miles) HQ
- Prudential insurance (12.3 miles)
- Jetblue Airways airline (15.7 miles) HQ
- Lockheed Martin defense & aerospace offices (17.3 miles)
141 Main St offers a 22-unit, 2008-vintage position in an A+ rated Mineola neighborhood where occupancy trends sit in the top quartile nationally. A high renter-occupied share relative to the 608-neighborhood metro points to a deeper tenant base, while elevated home values in the area tend to sustain rental demand and support pricing power. The 2008 construction is newer than much of the surrounding housing stock, which can reduce near-term competitiveness gaps versus older comparables, though investors should plan for normal mid-life system upgrades.
Within a 3-mile radius, household and income growth indicate a larger, higher-earning renter pool over the next several years, supporting occupancy stability and renewal capture. According to commercial real estate analysis from WDSuite, local rents benchmark at the high end of national distributions, but rent-to-income readings suggest comparatively manageable affordability pressure for many households, which can aid retention strategies.
- Occupancy in the top quartile nationally supports income stability and leasing velocity.
- High renter concentration versus the 608-neighborhood metro indicates depth of tenant demand.
- High-cost ownership market reinforces rental reliance and pricing power potential.
- 2008 vintage is competitively newer than neighborhood stock, with routine capex planning for aging systems.
- Risk: Limited grocery and park amenities within the immediate boundary; elevated rent levels require active lease management to mitigate retention risk.