| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 29th | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 565 Avenue A, Uniondale, NY, 11553, US |
| Region / Metro | Uniondale |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
565 Avenue A, Uniondale NY 20-Unit Multifamily
Neighborhood occupancy is consistently strong and local renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data.
Uniondale sits within Nassau County’s inner suburbs, offering a balance of neighborhood amenities and access to Long Island job centers. Amenity density skews favorable for daily needs — parks and cafes rank competitively among 608 metro neighborhoods and place the area in the top quartile nationally for several convenience categories — while a lack of nearby pharmacies signals a service gap investors should note for resident experience.
From an income and housing standpoint, the neighborhood operates within a high-cost ownership market relative to incomes, which tends to sustain the renter pool and support lease retention. Neighborhood occupancy is high and competitive among Nassau County–Suffolk County, NY neighborhoods, and sits in the top quartile nationally, based on CRE market data from WDSuite.
Tenure patterns indicate a meaningful base of renter-occupied units (around one-third of housing), which supports depth of demand for a 20-unit asset. Median contract rents in the surrounding area have trended upward over the past five years, reinforcing pricing power when paired with strong occupancy; investors should manage renewals with an eye to affordability to maintain stability.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding, implying a larger tenant base over time. Rising household incomes in the same 3-mile area further support rent collections and upgrade potential, while below-average school ratings locally may influence family-driven leasing decisions and should be considered in marketing and unit-mix strategy.
Safety trends are favorable in a broader context. The neighborhood places in the top decile nationally for overall safety, and recent WDSuite indicators show meaningful year-over-year declines in both property and violent offense rates compared with national norms. This comparative positioning can aid leasing and retention, though operators should continue standard security best practices.
Proximity to a diversified employment base supports workforce housing demand and commute convenience, led by financial services, healthcare products, airlines, and defense employers noted below.
- Fernando Monasterio - Citizens Bank, Home Mortgages — mortgages (10.3 miles)
- Henry Schein — healthcare products (10.9 miles) — HQ
- Prudential — insurance & financial services (13.4 miles)
- Jetblue Airways — airline (18.3 miles) — HQ
- Lockheed Martin — defense & aerospace offices (20.0 miles)
565 Avenue A is a 20-unit, 1987-vintage asset that competes well against older neighborhood stock while still presenting scope for targeted modernization. Neighborhood-level occupancy remains strong and nationally competitive, and a high-cost ownership landscape supports sustained renter reliance on multifamily housing. Within a 3-mile radius, population and households have been expanding, which points to a broader and growing tenant base to support occupancy stability.
The 1987 vintage suggests potential upside via selective renovations and systems updates to sharpen competitiveness, while rent-to-income dynamics and rising area incomes support pragmatic rent growth strategies. According to CRE market data from WDSuite, amenity access is generally favorable, though weaker school ratings and limited pharmacy access are operational considerations that may affect positioning for family renters.
- 1987 vintage offers value-add potential while competing against older local stock
- Strong neighborhood occupancy and nationally competitive stability support leasing
- High-cost ownership market reinforces renter demand and retention potential
- Expanding 3-mile population and household base deepens the tenant pool
- Risks: below-average school ratings and limited pharmacy access may affect family appeal