| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 69th | Good |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 Barnum Ave, Plainview, NY, 11803, US |
| Region / Metro | Plainview |
| Year of Construction | 1974 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
80 Barnum Ave Plainview NY Multifamily Investment
Neighborhood occupancy is high and has trended upward, supporting leasing stability for a 69-unit, 1974 vintage asset, according to WDSuite’s CRE market data. In an ownership-heavy suburb with strong incomes, renter demand is sustained by elevated ownership costs, making this a practical screen for commercial real estate analysis.
Plainview functions as an inner-suburban Nassau County location with steady renter demand despite a predominantly owner-occupied landscape. Neighborhood occupancy is 98.1% and improved over the last five years, indicating tight supply and durable leasing conditions at the neighborhood level (not the property), based on WDSuite’s CRE market data. The median construction vintage nearby skews older (1960), so a 1974 asset can compete well against legacy stock while investors should still budget for system updates and selective modernization.
Within a 3-mile radius, population grew modestly over the past five years and is projected to expand further by 2028, alongside an increase in households—signals that support a larger tenant base and occupancy stability. The renter-occupied share within this radius is currently low but is projected to rise, implying a gradual deepening of the renter pool rather than a sudden shift; this favors measured absorption and retention over time.
Local amenity access emphasizes essentials over lifestyle density. Grocery access is a relative strength (97th percentile nationally), and restaurants are competitive (around the 90th percentile), while cafes, parks, and pharmacies show limited concentration in the immediate neighborhood. For investors, this mix points to daily-need convenience with fewer experiential amenities, typical of inner suburban formats.
Household incomes and home values in the neighborhood rate high compared with national peers (median household income and home value each sit in the 90th+ national percentiles). In practical terms, this is a high-cost ownership market that reinforces reliance on multifamily housing for some households, supporting pricing power and lease retention when managed carefully. Education levels (bachelor’s degree share around the top decile nationally) further underpin earnings quality and rent collections.
Safety compares favorably in a national context, particularly for violent incidents. The neighborhood’s violent offense profile sits in the top decile for safety nationwide, according to WDSuite’s CRE market data. That said, property offenses have risen year over year, so operators should monitor trends and align on-site practices accordingly.
Relative to the Nassau County–Suffolk County, NY metro, the area’s crime rank indicates competitive positioning among 608 neighborhoods, and the national percentiles suggest performance above the national average overall. Use these readings as directional signals for underwriting rather than block-level guarantees.
Nearby employment is diversified across financial services, healthcare products, insurance, logistics, and equipment rental—supporting a stable commuter tenant base and aiding retention through proximity to established corporate offices.
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services (2.5 miles)
- Henry Schein — healthcare products (3.7 miles) — HQ
- W.R. Berkley — insurance (18.5 miles) — HQ
- XPO Logistics — logistics (19.1 miles) — HQ
- United Rentals — equipment rental (19.1 miles) — HQ
80 Barnum Ave offers a 1974 vintage, 69-unit footprint in a Nassau County inner suburb where neighborhood occupancy is tight (98.1%) and trending upward, according to CRE market data from WDSuite. The surrounding ownership landscape is dominant, yet elevated home values and strong incomes sustain renter reliance on multifamily, supporting pricing power when paired with disciplined lease management.
The asset is moderately newer than much of the nearby stock, creating a competitive set advantage versus older properties while still warranting capital planning for building systems and targeted renovations. Within a 3-mile radius, modest population gains and a projected increase in households point to a gradually expanding tenant base; a slight uptick in the renter-occupied share further supports occupancy stability over the medium term. Balance these positives with monitoring of property crime trends and the shallower renter pool characteristic of ownership-heavy suburbs.
- Tight neighborhood occupancy and upward trend support leasing stability
- High-cost ownership market reinforces renter demand and pricing power
- 1974 vintage offers value-add and modernization potential versus older nearby stock
- 3-mile demographics point to gradual tenant base expansion and retention support
- Risks: ownership-heavy area limits renter depth; monitor rising property offense trends