| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 72nd | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2477 Long Beach Rd, Oceanside, NY, 11572, US |
| Region / Metro | Oceanside |
| Year of Construction | 1972 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2477 Long Beach Rd Oceanside Multifamily Opportunity
Neighborhood occupancy remains high and ownership costs are elevated, supporting durable renter demand according to WDSuite’s CRE market data. This Oceanside location offers stable cash flow characteristics with an affluent tenant base, framed by Nassau County fundamentals from recent commercial real estate analysis.
Situated in Oceanside within Nassau County-Suffolk County, NY, the neighborhood is competitive among metro peers (ranked 240 out of 608) and posts an occupancy level in the top quartile nationally, indicating steady leasing conditions for professionally managed multifamily, based on WDSuite’s CRE market data. Median home values sit in a high-cost ownership market (90th percentile nationally), which tends to sustain renter reliance on multifamily housing and can support pricing power when managed carefully.
Daily needs access is above the metro median for amenities (rank 292 of 608). Pharmacies and grocery options test strong by national comparison (pharmacies ~92nd percentile; groceries ~80th percentile), and restaurants track similarly elevated (~85th percentile). While parks and cafés are limited within the neighborhood boundaries, the broader inner-suburban setting provides access across nearby corridors, supporting livability for renters.
School quality trends favorably for families and long-term tenants: the average school rating is competitive (4.0/5, ~84th percentile nationally). For investors, this can translate into stronger retention for larger units and stability across renewal cycles.
Demographic statistics aggregated within a 3-mile radius point to population growth in recent years and an expected increase through the next five years, alongside a projected rise in households. This implies a larger tenant base over time. The area remains predominantly owner-occupied (about one-fifth renter-occupied by tenure within three miles), which suggests a shallower but stable renter pool; owners’ elevated housing costs, coupled with a low rent-to-income ratio at the neighborhood level, indicate affordability headroom that can support occupancy and renewals.
Vintage considerations: the property’s 1972 construction is newer than the neighborhood’s average built year (1962). That positioning can be an advantage versus older stock, while still warranting targeted modernization and system updates to maintain competitiveness and drive rent premiums.
Comparable crime statistics are not available for this neighborhood in the current WDSuite release. Investors typically contextualize safety using multiple sources, including regional trend data and local public reports, to gauge how conditions compare with nearby Nassau County communities and what that means for leasing and retention.
The Oceanside area draws from a broad Long Island and NYC employment base. Proximity to large employers in insurance, healthcare distribution, airlines, and pharmaceuticals supports commuter convenience and helps deepen the renter pool referenced below.
- Prudential — insurance (11.4 miles)
- Fernando Monasterio - Citizens Bank, Home Mortgages — mortgage lending office (13.6 miles)
- Henry Schein — healthcare distribution (14.0 miles) — HQ
- Jetblue Airways — airline HQ operations (17.3 miles) — HQ
- Pfizer — pharmaceuticals (19.0 miles) — HQ
This 58-unit, 1972-vintage asset in Oceanside benefits from high neighborhood occupancy and a high-cost ownership landscape that supports steady multifamily demand. The property’s vintage is newer than the local average, offering a relative edge versus older stock; selective upgrades can enhance positioning while maintaining operational efficiency. According to CRE market data from WDSuite, the area’s occupancy ranks above the metro median and in the top quartile nationally, reinforcing a case for leasing stability.
Demographics aggregated within a 3-mile radius indicate recent population growth with projections for additional household expansion, suggesting a gradually enlarging tenant base. With school quality trending strong and daily-needs retail access above metro norms, the location aligns with renter expectations in Nassau County’s inner suburbs. Key watch points include the predominance of owner-occupied housing (implying a thinner renter segment) and ongoing capital planning typical for 1970s assets.
- High neighborhood occupancy and strong retention drivers support stable leasing
- Newer-than-average 1972 vintage versus local stock; targeted value-add can lift positioning
- 3-mile population and household growth point to a larger tenant base over time
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Risks: thinner renter pool in owner-heavy area and routine capex for 1970s systems