| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 42nd | Poor |
| Amenities | 61st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 Post Ave, Westbury, NY, 11590, US |
| Region / Metro | Westbury |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2025-09-26 |
| Transaction Price | $4,500,000 |
| Buyer | 320 POST AVE LLC |
| Seller | WHITNEY ARMS OF WESTBURY INC |
320 Post Ave, Westbury NY Multifamily Investment
Neighborhood occupancy is high and renter demand is supported by strong incomes and limited rental supply in an owner-leaning area, according to WDSuite’s CRE market data. With a 1988 vintage relative to an older local stock, the asset can compete for tenants while planning selective modernization.
Located in Westbury’s inner-suburban fabric of Nassau County–Suffolk County, the neighborhood rates A- and is ranked 122 out of 608 metro neighborhoods, placing it above the metro median. Food and daily-needs access are a strength: restaurants and cafes are in the top quartile nationally, and grocery and pharmacy density also outperform national medians, supporting everyday convenience for residents and steady leasing appeal.
Multifamily fundamentals are solid at the neighborhood level. Occupancy is strong (ranked 94 of 608), indicating top quartile conditions locally and signaling stable rent rolls for well-positioned assets. The area’s renter-occupied share is under one-third, reflecting an owner-leaning housing base that can translate into a more selective but durable tenant pool rather than high turnover.
For investors evaluating quality-of-life drivers, parks are limited in the immediate area, while average school ratings sit in lower national percentiles; this suggests amenities skew toward retail, dining, and services rather than open space or top-tier school draw. Home values are elevated versus national norms, which tends to reinforce reliance on rental housing and can support pricing power, while rent-to-income levels indicate manageable affordability pressure from a lease-management standpoint.
Demographic statistics aggregated within a 3-mile radius point to a high-income consumer base and rising household counts alongside smaller average household sizes over time. This combination expands the renter pool and supports occupancy stability for professionally managed properties. The property’s 1988 construction is newer than the neighborhood’s average vintage (1973; ranked 110 of 608), offering competitive positioning versus older stock while still warranting targeted system updates or cosmetic upgrades to capture premium rents.
Safety indicators compare favorably at the national level: the neighborhood sits in the top quartile nationally for lower violent-offense exposure and even stronger for lower property-offense exposure, signaling comparatively resilient conditions versus many U.S. neighborhoods. Within the Nassau–Suffolk metro, recent trends are mixed — property offenses have eased materially year over year, while violent-offense momentum has been more volatile — so underwriting should incorporate prudent security and operating assumptions.
Proximity to established corporate employers supports a stable renter base and commute convenience. Nearby demand drivers include Henry Schein, Prudential, W.R. Berkley, XPO Logistics, and JetBlue — a mix of healthcare, financial, insurance, logistics, and airline headquarters or major offices that can underpin leasing and retention.
- Henry Schein — healthcare distribution (8.9 miles) — HQ
- Prudential — financial services (15.3 miles)
- W.R. Berkley — insurance (17.9 miles) — HQ
- Xpo Logistics — logistics (18.2 miles) — HQ
- Jetblue Airways — airline (18.4 miles) — HQ
320 Post Ave offers exposure to a high-occupancy Nassau County neighborhood with elevated incomes and service-oriented amenities that bolster renter demand. Based on CRE market data from WDSuite, neighborhood occupancy performance is above metro averages, and the owner-leaning housing base helps stabilize rent rolls for well-maintained assets. Elevated home values in the area tend to sustain reliance on multifamily housing, supporting pricing power when paired with disciplined lease management and attention to rent-to-income thresholds.
Built in 1988, the property is newer than much of the local housing stock, positioning it competitively against older assets while leaving room for targeted value-add through modernization of building systems and finishes. Demographic statistics aggregated within a 3-mile radius indicate growing household counts and smaller household sizes over time, which can expand the renter pool and support steady absorption for efficiently sized units. Underwriting should account for limited park access and mixed safety trend signals, but the broader employment base and convenience amenities reinforce long-term fundamentals.
- High neighborhood occupancy and elevated incomes support stable cash flow potential
- 1988 vintage offers competitive positioning versus older stock with targeted value-add upside
- Elevated ownership costs locally reinforce renter reliance, aiding pricing power with prudent lease management
- 3-mile radius shows increasing household counts and smaller sizes, expanding the renter pool
- Risks: limited park access and volatile violent-offense trends warrant conservative operating assumptions