| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 54th | Fair |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 303 N Central Ave, Valley Stream, NY, 11580, US |
| Region / Metro | Valley Stream |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
303 N Central Ave Valley Stream 28-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite’s CRE market data, with a balanced renter base and strong local amenities supporting leasing stability.
Valley Stream’s immediate neighborhood scores A and ranks 31 out of 608 metro neighborhoods, placing it in the top quartile locally. Amenity access is a clear strength — restaurants, parks, pharmacies, cafes, and groceries all benchmark in the mid-90s national percentiles, signaling daily convenience that tends to support retention and leasing velocity for multifamily.
Rent and occupancy conditions are constructive. Neighborhood rents sit above the national median (around the 80th percentile), and the area’s occupancy rate trends above the national midpoint, supporting income durability. The share of housing units that are renter-occupied is roughly two-fifths, indicating a meaningful tenant base without being oversupplied; for investors, that balance suggests depth of demand with manageable competitive pressure.
Schools in the area benchmark above the national median (about the 73rd percentile on average ratings), which can contribute to longer tenancy among households. Median single-family home values are elevated compared with the nation (high-80s percentile), a high-cost ownership context that typically sustains reliance on rental housing and can support pricing power for well-positioned assets.
Within a 3-mile radius, demographics show a larger tenant base over time: population and households have grown in recent years, and forecasts point to additional household growth and a modest renter pool expansion. Rising median incomes within 3 miles, alongside projected rent growth, imply manageable affordability pressure locally and support for steady leasing, though operators should still monitor rent-to-income dynamics when setting renewal targets.
The property’s 1973 vintage is newer than the neighborhood’s average construction year, offering a competitive edge versus older stock while warranting focused capital planning for aging systems and incremental modernization to meet current renter expectations.
Safety indicators present a mixed but generally positive picture for investors. Compared with neighborhoods nationwide, this area benchmarks in the upper percentiles for safety (top quartile nationally), which supports renter confidence and lease retention. Within the Nassau–Suffolk metro, crime ranks less favorably (closer to the higher-crime end among 608 neighborhoods), so site-level operations and security practices remain important to sustain performance.
Recent trend signals are constructive: estimated violent and property offense rates have moved lower over the past year, indicating improving conditions. As always, investors should underwrite with conservative assumptions and consider property-level measures that reinforce the neighborhood’s positive national standing.
The employment base within commuting range blends finance, healthcare, telecom, and aerospace — a diversified set of white-collar and technical roles that underpins steady renter demand and supports retention for workforce and professional tenants. Notable employers include Prudential, JetBlue Airways, Pfizer, Lockheed Martin, and Verizon Communications.
- Prudential — insurance (7.5 miles)
- Jetblue Airways — airline HQ and corporate (13.1 miles) — HQ
- Pfizer — pharmaceuticals (14.8 miles) — HQ
- Lockheed Martin — defense & aerospace offices (14.8 miles)
- Verizon Communications — telecom corporate offices (14.8 miles)
This 28-unit, 1973-built asset sits in a high-amenity, high-cost ownership enclave where renter demand is reinforced by elevated home values and convenient daily services. The neighborhood ranks in the top quartile among 608 metro areas by overall score, and occupancy trends above the national midpoint, supporting income stability. The vintage is newer than the local average, offering an edge versus older comparables while calling for prudent capital planning around building systems and targeted upgrades to capture rent premiums.
Within a 3-mile radius, recent growth in households and population — with forecasts pointing to further household gains — suggests a gradually expanding renter pool. Rents and incomes trend upward, and, according to CRE market data from WDSuite, median contract rents are above national norms while rent-to-income levels indicate manageable affordability pressure, aiding renewal strategies and pricing power when paired with thoughtful asset management.
- High-amenity location with national top-quartile benchmarks that support leasing velocity and retention
- Occupancy above national midpoint with balanced renter-occupied share indicating demand depth
- 1973 vintage newer than neighborhood average, with value-add via system upgrades and modernization
- High-cost ownership market reinforces reliance on rental housing and supports pricing power
- Risk: Metro-relative safety ranks warrant attentive operations and conservative underwriting