| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 79th | Best |
| Amenities | 20th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Round Swamp Rd, Old Bethpage, NY, 11804, US |
| Region / Metro | Old Bethpage |
| Year of Construction | 1985 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Round Swamp Rd, Old Bethpage Multifamily Investment
Located in an affluent Nassau County suburb, this 38-unit, 1985-vintage asset serves a high-income renter pool where ownership costs are elevated, supporting rent collections and retention, according to WDSuite s CRE market data.
Old Bethpage offers suburban stability with strong schools and high household incomes at the neighborhood level, while nearby retail and daily-needs access skew practical rather than destination-oriented. Neighborhood schools are rated at the top of 608 metro neighborhoods and sit in the top percentile nationally, which helps underpin family-driven housing demand and longer tenures. By contrast, amenity density is modest: grocery access tracks around the national middle, while cafes, parks, and pharmacies are comparatively sparse, suggesting residents rely on nearby nodes for discretionary needs.
The neighborhood s building stock trends newer than much of the metro (average construction year around 2015; rank 4 of 608, top quartile nationally). Against that backdrop, a 1985-vintage property can compete through targeted renovation and systems upgrades, positioning for value-add premiums versus older comparables while acknowledging capital planning needs.
Renter-occupied share is low at the neighborhood level, indicating a primarily owner-occupied context; for investors, that typically means a smaller but higher-income renter base with less turnover rather than deep, transient demand. Within a 3-mile radius, households have grown in recent years and are projected to keep expanding through 2028, supporting a gradual renter pool expansion and occupancy stability. Elevated home values in the area reinforce reliance on multifamily housing for those prioritizing flexibility, which can aid lease retention and pricing power.
Operationally, neighborhood occupancy is below the national middle, so underwriting should emphasize leasing velocity and renewal management. Demographic metrics within a 3-mile radius show a high share of upper-income households and a rising concentration of higher earners, which supports collections quality and reduces income-related volatility for professionally managed assets.
Comparable crime benchmarks specific to this neighborhood are not available in WDSuite s current dataset. Investors commonly contextualize safety by reviewing county and adjacent-submarket trends, property-level security practices, and tenant feedback over time rather than relying on block-level estimates.
Proximity to established corporate offices supports commuter convenience and leasing durability, anchored by healthcare, financial services, and industrial companies listed below.
- Fernando Monasterio - Citizens Bank, Home Mortgages industry/role: home mortgages (1.9 miles)
- Henry Schein industry/role: healthcare products (2.1 miles) HQ
- W.R. Berkley industry/role: insurance (20.1 miles) HQ
- United Rentals industry/role: equipment rental (20.5 miles) HQ
- Motorola Solutions industry/role: communications & technology (20.7 miles)
This 38-unit property built in 1985 sits in an affluent Nassau County suburb where high home values and strong household incomes sustain rental demand despite a smaller renter base. The neighborhood s newer competitive set (average around 2015) suggests a clear value-add path via interior modernization and system upgrades to differentiate from older stock. According to CRE market data from WDSuite, neighborhood occupancy trends below the national middle, so returns will hinge on focused leasing, renewal strategy, and asset-specific execution.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing through 2028, supporting a larger tenant base over time. Strong school quality and commuter access to regional employers help reinforce retention, while elevated ownership costs tend to sustain reliance on multifamily housing and support collections quality.
- Affluent suburban context supports collections quality and renewal potential.
- 1985 vintage offers tangible value-add upside versus a newer neighborhood cohort.
- 3-mile radius shows population and household growth, expanding the renter base.
- Top-tier school ratings bolster family-driven demand and longer tenures.
- Risks: smaller renter pool and below-median neighborhood occupancy require disciplined leasing and renewals.