| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Poor |
| Demographics | 43rd | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 546 Greengrove Ave, Uniondale, NY, 11553, US |
| Region / Metro | Uniondale |
| Year of Construction | 2001 |
| Units | 45 |
| Transaction Date | 2000-09-14 |
| Transaction Price | $325,000 |
| Buyer | BISHOP JAMES DALY GARDENS SENIOR HOUSING DEVE |
| Seller | THE ROMAN CATHOLIC CHURCH OF ST MARTHA AT UNI |
546 Greengrove Ave, Uniondale NY — 2001 Vintage Multifamily
Neighborhood fundamentals point to steady renter demand and occupancy stability, according to CRE market data from WDSuite. Amenities and access in Uniondale support leasing durability for well-managed assets.
Uniondale s Urban Core setting offers strong day-to-day convenience for residents. Caf s, groceries, pharmacies, and parks score well versus national norms, with caf and grocery density ranking among the area s stronger features. These amenities typically help underpin leasing, renewal probability, and retention for workforce and professional tenants.
At the neighborhood level (not the property), occupancy is reported at 96.3% and sits in a higher national tier, based on CRE market data from WDSuite. Median contract rents are comparatively elevated for the metro, while the neighborhood s rent-to-income positioning indicates manageable affordability pressure a constructive backdrop for pricing discipline rather than rapid concessions.
The housing stock skews older locally (average vintage 1951), so a 2001 build can compete well against nearby properties while still benefiting from selective modernization to meet current renter expectations. Renter-occupied share in the immediate neighborhood is modest (about one-fifth of units), implying a shallower local renter base; however, within a 3-mile radius, population and household counts have grown over the past five years, with forecasts indicating further population growth and an increase in households through the next cycle a tailwind for the tenant pool and occupancy stability.
Ownership costs are elevated relative to many U.S. neighborhoods, which can sustain reliance on rental housing among households that value flexibility or prioritize location. For investors, this combination of income strength, amenity access, and broad-area demographic growth (3-mile radius) supports durable demand for well-managed multifamily units.
Safety indicators benchmark favorably in national context, with the neighborhood positioned above many U.S. areas on composite crime measures, according to WDSuite s CRE market data. Recent year-over-year trends also show improvement in severe incidents, which supports leasing stability and renewal potential.
While block-level conditions vary and no area is risk-free, the comparative data suggest this location is competitive from a safety standpoint within the broader Nassau County Suffolk County metro and in the stronger tiers nationally. Investors should continue standard diligence (property security, lighting, and visibility) to maintain performance.
Proximity to diversified employers supports renter demand and reduces commute frictions. The nearby base spans finance, healthcare, aviation, and pharmaceuticals, which can reinforce leasing velocity and retention for workforce tenants.
- Fernando Monasterio Citizens Bank, Home Mortgages financial services (9.8 miles)
- Henry Schein healthcare distribution (10.4 miles) HQ
- Jetblue Airways airline corporate offices (18.3 miles) HQ
- Pfizer pharmaceuticals (20.0 miles) HQ
- Citigroup financial services (20.1 miles) HQ
546 Greengrove Ave is a 45-unit multifamily property built in 2001 with compact average unit sizes, positioning it competitively against an older neighborhood stock while offering potential for targeted upgrades. Neighborhood occupancy is strong (neighborhood metric, not property-specific), and nearby amenities are robust, supporting retention and leasing. According to CRE market data from WDSuite, the area s rent-to-income backdrop points to measured affordability pressure, creating room for disciplined revenue management rather than outsized concessions.
Within a 3-mile radius, population and households have expanded in recent years and are projected to continue rising, which supports a larger tenant base and occupancy stability over time. Elevated ownership costs in the locality tend to sustain reliance on rental housing, though the immediate neighborhood s relatively low renter-occupied share suggests marketing should draw from the broader commuter shed. The 2001 vintage reduces near-term competitive obsolescence risks versus older assets, with value-add opportunities in modernization and common-area upgrades.
- Competitive 2001 vintage versus older local stock, with clear paths for selective modernization.
- Strong neighborhood occupancy and amenities support leasing durability and renewal probability.
- 3-mile population and household growth expand the tenant base and support long-run demand.
- Income strength and elevated ownership costs reinforce rental demand and pricing discipline.
- Risks: shallower immediate renter-occupied share and selective capital needs for modernization.