| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 61st | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2601 Cedar St, Seaford, NY, 11783, US |
| Region / Metro | Seaford |
| Year of Construction | 1992 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2601 Cedar St, Seaford NY Multifamily Investment
Neighborhood occupancy near 94% supports steady leasing dynamics, according to WDSuite’s CRE market data, with pricing influenced by a high-cost ownership market in Nassau County. Renter demand is primarily driven by proximity to employment and household incomes that help sustain retention.
Seaford’s inner-suburban setting offers a balanced living environment for renters who value convenience and suburban stability. Grocery access is competitive (nationally around the 80th percentile) and parks are similarly strong (roughly the 80s), while restaurants index high (about the 90th percentile). Broader amenities track closer to the national middle, signaling daily needs are well covered without the density of core urban submarkets, based on CRE market data from WDSuite.
For investors, the neighborhood’s occupancy is in the mid-90s at the neighborhood level (93.9%), indicating generally stable absorption and limited chronic vacancy risk at comparable assets. Median contract rents in the area sit at the higher end locally and have trended upward over the last five years, consistent with Nassau–Suffolk’s durable renter demand and constrained new supply in established suburbs.
Tenure patterns point to a predominantly owner-occupied area at the neighborhood level, with a relatively small share of renter-occupied units. This typically concentrates multifamily demand among households that prioritize location and convenience, supporting leasing stability but rewarding properties that offer differentiated value. The 1992 construction at 2601 Cedar St is newer than the neighborhood’s older housing stock (average vintage 1959), which can be a competitive advantage versus pre-1980 assets, though investors should still plan for modernization of building systems and common areas as needed.
Within a 3-mile radius, population and households have edged higher over the past five years, with projections calling for continued population growth and a notable increase in household count through the next period. High median household incomes and elevated home values in the area suggest that ownership costs remain substantial, which can reinforce reliance on multifamily housing for those seeking flexibility. Rent-to-income measures indicate manageable affordability pressure locally, supporting retention and measured pricing power while keeping an eye on lease management and renewal strategies.
Comparable neighborhood-level crime metrics were not available in WDSuite’s dataset for this location. Investors commonly supplement market research with local law enforcement reports, municipal open-data portals, and resident feedback to assess safety trends over time. Using multiple sources helps establish whether conditions align with broader Nassau–Suffolk suburban patterns or warrant additional risk-adjusted underwriting.
Nearby corporate employers provide a diversified white-collar employment base that can support renter demand and retention, especially for commuters seeking suburban living with access to regional jobs. The list below highlights prominent offices and headquarters within commuting distance.
- Henry Schein — healthcare distribution (8.6 miles) — HQ
- Fernando Monasterio - Citizens Bank, Home Mortgages — home lending (9.1 miles)
- Prudential — insurance (18.5 miles)
- Jetblue Airways — airline (23.9 miles) — HQ
- Motorola Solutions — communications technology (25.1 miles)
2601 Cedar St is a 71-unit, 1992-vintage multifamily asset positioned in an inner-suburban Nassau County location where neighborhood occupancy remains in the mid-90s. The property’s relatively newer vintage versus the area’s older housing stock can enhance competitive positioning, with targeted upgrades offering potential to capture demand from households valuing convenience and stability. Elevated home values and strong local incomes underpin renter demand and support steady retention, while measured rent growth is consistent with mature suburban dynamics, per commercial real estate analysis informed by WDSuite.
Within a 3-mile radius, modest population growth alongside a projected increase in households points to a gradually expanding tenant base. Renter concentration is lower than urban cores, but the combination of high-income households and commuting access to regional employers supports occupancy stability, with value-add execution and amenity alignment key to outperformance.
- Newer 1992 vintage versus older neighborhood stock offers competitive positioning with targeted modernization upside.
- Neighborhood occupancy around 94% supports consistent leasing and reduces chronic vacancy risk at comparable assets.
- High local incomes and elevated ownership costs reinforce reliance on quality rentals, aiding retention and pricing discipline.
- Gradual population and household growth within 3 miles indicates a steady, expanding tenant base over time.
- Risk: Lower renter concentration in this suburb requires product-market fit and focused leasing to capture demand.