| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Poor |
| Demographics | 64th | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2635 Jerusalem Ave, North Bellmore, NY, 11710, US |
| Region / Metro | North Bellmore |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2004-11-22 |
| Transaction Price | $3,315,000 |
| Buyer | 2619 JERUSALEM AVE LLC |
| Seller | BELLMORE LLC |
2635 Jerusalem Ave North Bellmore Multifamily Investment
Positioned in an inner-suburban Nassau County location with high neighborhood occupancy and steady renter demand, according to WDSuite’s CRE market data. The asset’s scale suits private investors targeting stable operations with measured value-add potential.
Location fundamentals: The property sits in an Inner Suburb setting of the Nassau County–Suffolk County metro, rated A- and competitive among 608 metro neighborhoods (overall rank 142). According to WDSuite’s CRE market data, neighborhood occupancy trends sit above the metro median with strong retention dynamics, reinforcing income stability for smaller multifamily assets.
Amenities and daily needs: Food, grocery, pharmacies, and childcare access score well locally, with cafes and grocers ranking competitively among metro peers and placing in high national percentiles. While the immediate area has fewer large parks, residents benefit from a dense mix of everyday services and dining, supporting leasing appeal and day-to-day convenience.
Schools and demographics (3-mile radius): Average school ratings track slightly above national norms, and the surrounding population and family counts show modest recent growth with larger increases projected by 2028. This points to a gradually expanding tenant base and supports occupancy stability for well-managed units.
Vintage and competitiveness: Built in 1972, the asset is newer than the neighborhood’s older housing stock (average vintage 1953). That relative age can aid competitiveness versus nearby inventory, though investors should plan for systems modernization and selective renovations to capture rent premiums and manage long-term capex.
Tenure and demand: The neighborhood has a low share of renter-occupied housing units, indicating a thinner renter pool but generally stable tenancy where product is limited. In a high-cost ownership market, elevated home values tend to sustain reliance on rental options, supporting pricing discipline and lease retention when operations are executed well with rigorous commercial real estate analysis.
Comparable neighborhood-level safety metrics were not available in the dataset for this location. Investors typically benchmark Nassau County suburban trends against metro and county reporting and evaluate property-level measures (lighting, access control, and management practices) to align with resident expectations and lender requirements.
Prudent underwriting would incorporate third-party crime datasets and local law-enforcement trend reviews for the surrounding blocks, combined with on-site observations at multiple times of day.
Proximity to corporate offices across financial services, healthcare products, and air travel supports a professional renter base and commute convenience for residents. The following nearby employers anchor regional employment and can aid leasing stability for workforce and professional households:
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services (7.96 miles)
- Henry Schein — healthcare products (8.08 miles) — HQ
- Prudential — financial services (16.75 miles)
- Jetblue Airways — air travel (21.60 miles) — HQ
- W.R. Berkley — insurance (23.03 miles) — HQ
This 22-unit, 1972-vintage asset offers durable occupancy potential in a high-cost ownership corridor of Nassau County. According to CRE market data from WDSuite, the neighborhood performs above the metro median on occupancy, supported by strong incomes and limited multifamily stock, which can translate into steady leasing and pricing power for well-maintained product. Elevated home values in the immediate area reinforce renter reliance on multifamily housing, while the inner-suburban location provides convenient access to daily amenities and employment nodes.
The building’s vintage is newer than much of the surrounding housing stock, providing relative competitiveness, yet it still warrants targeted capital planning for aging systems and unit upgrades to capture value-add upside. Demographic indicators within a 3-mile radius point to modest recent growth with a larger renter pool expected over the next several years, which supports occupancy stability when paired with disciplined operations.
- Above-median neighborhood occupancy and limited competing stock support stable leasing and rent discipline.
- Inner-suburban location with strong daily amenities and access to diversified employment centers.
- 1972 vintage offers value-add potential via systems upgrades and interior renovations.
- Risk: thinner renter-occupied share may limit immediate tenant depth, requiring focused marketing and retention.