| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 68th | Good |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Flower Rd, Valley Stream, NY, 11581, US |
| Region / Metro | Valley Stream |
| Year of Construction | 1983 |
| Units | 113 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Flower Rd, Valley Stream Multifamily Investment
Neighborhood-level occupancy is strong and renter demand is supported by high local incomes, according to WDSuite s CRE market data. The investment case centers on durable fundamentals in a high-cost ownership market that tends to sustain stable leasing.
Located in Valley Stream within Nassau County Suffolk County, the neighborhood rates a B+ and ranks 173 out of 608 metro neighborhoods, placing it above the metro median. For investors, this indicates broadly competitive fundamentals without stretching into premium pricing typically found in top-decile locations.
Local livability supports leasing: restaurants and cafes are dense for the area, with neighborhood amenity levels competitive nationally (restaurants around the mid-90s percentile and cafes near the top of national distributions). Grocery access sits above national averages. By contrast, formal parks and childcare centers are limited within the neighborhood footprint, which may matter for family-oriented renters and suggests amenity reliance on nearby districts.
School quality trends favorable with average ratings above national norms (around the mid-80s percentile), an attribute that can aid retention for households prioritizing education. Neighborhood occupancy is in the top quartile nationally and competitive among Nassau County Suffolk County neighborhoods, reinforcing expectations for stable rent rolls and modest downtime between turns.
Tenure patterns show a relatively owner-heavy area with a renter-occupied share near one-fifth locally. For multifamily operators, that typically means a more selective but higher-income renter pool rather than transient, price-only demand. Within a 3-mile radius, demographics point to population growth over the last five years and a projected increase in households, expanding the potential tenant base and helping support occupancy stability. Median household incomes in the neighborhood sit in the low-90s national percentile range, which can underpin pricing power, while a rent-to-income ratio near the national mid-range suggests manageable affordability pressure and potential for steady renewals.
Vintage context matters: the property s 1983 construction is newer than the neighborhood s average vintage (1960s), offering relative competitiveness versus older stock. Investors should still plan for system modernization and targeted common-area or unit upgrades to maintain positioning against renovated comparables.
Safety indicators are mixed when viewed against both metro peers and national distributions. Overall crime performance sits near the national midpoint, but violent offense rates measure stronger than average nationally (mid-60s percentile). Property offense levels score well compared to national areas (mid-80s percentile), though recent year-over-year property offense movements show volatility and warrant continued monitoring. In practical terms, the neighborhood compares favorably to many areas nationwide, while trend variability suggests routine risk oversight rather than a structural red flag.
Relative to the Nassau County Suffolk County metro (608 neighborhoods total), the area s positioning supports an investor takeaway of generally stable conditions with typical suburban risk considerations. Owners can emphasize standard security measures and community engagement to help sustain resident confidence and retention without relying on costly, outsized interventions.
The rental base benefits from proximity to major corporate employers that broaden the white-collar tenant pool and support retention via reasonable commutes. Notable nearby employers include Prudential, JetBlue Airways, Pfizer, Verizon Communications, and Lockheed Martin.
- Prudential corporate offices (6.98 miles)
- Jetblue Airways corporate offices (13.11 miles) HQ
- Pfizer corporate offices (14.69 miles) HQ
- Verizon Communications corporate offices (14.74 miles)
- Lockheed Martin corporate offices (14.78 miles)
400 Flower Rd offers a durable suburban thesis underpinned by high neighborhood occupancy, an owner-leaning tenure mix that fosters a selective renter base, and incomes that rank near the top decile nationally. According to CRE market data from WDSuite, neighborhood occupancy trends are above metro medians and in the top quartile nationally, supporting expectations for limited downtime and steady renewals.
Built in 1983, the asset is newer than the neighborhood s average vintage, providing a competitive edge versus older stock while leaving room for targeted value-add through system updates and selective unit/interior modernization. Within a 3-mile radius, population and household growth alongside rising incomes point to a larger tenant base over time, while elevated home values in the neighborhood characterize a high-cost ownership market that tends to reinforce reliance on multifamily housing and support pricing power. Affordability appears manageable given current rent-to-income dynamics, though operators should remain attentive to lease management as rents trend upward.
- Occupancy in the top quartile nationally supports leasing stability and reduces downtime risk.
- High neighborhood incomes and elevated ownership costs bolster multifamily demand depth and pricing power.
- 1983 construction is competitively newer than local averages, with modernization and selective value-add potential.
- 3-mile demographics indicate population and household growth, expanding the renter pool and supporting renewals.
- Risk: amenity gaps (parks/childcare) and recent property offense volatility warrant ongoing asset management and resident engagement.