| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Lizensk Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1989 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Lizensk Blvd, Monroe NY Multifamily Opportunity
Neighborhood renter-occupied share is elevated and occupancy sits near the metro middle, supporting a broad tenant base according to WDSuite’s CRE market data. Elevated ownership costs in the area tend to sustain rental demand, though higher rent-to-income ratios warrant attentive lease management.
The property sits in Monroe within the Poughkeepsie–Newburgh–Middletown metro, where the immediate neighborhood is rated C- and ranks 202 out of 221 metro neighborhoods. That positioning suggests softer overall fundamentals locally, but investors should note a comparatively deep renter pool and stable occupancy that has supported day-to-day operations for workforce-oriented assets.
Renter concentration is high: 59.2% of housing units are renter-occupied, ranking 15th of 221 in the metro and in the 93rd percentile nationally. For multifamily owners, that indicates depth of demand and a larger tenant base relative to many competing areas, which can aid leasing and reduce exposure to demand shocks. Neighborhood occupancy is 90.8% (155th of 221), which is closer to the metro’s middle of the pack, implying room to differentiate via operations or product quality.
Local livability is mixed. Grocery access is a relative strength (ranked 5th of 221; 93rd percentile nationally), while cafes, restaurants, parks, and pharmacies are sparse in the immediate blocks. For investors, that amenity mix points to convenience for daily necessities but fewer lifestyle draws; on-site features and unit finishes may play a larger role in retention and rent trade‑outs.
Home values are elevated (94th percentile nationally), which generally sustains reliance on rentals and supports demand resilience. At the same time, the neighborhood’s rent-to-income ratio reads high, signaling affordability pressure that can affect renewal decisions; structured renewals and value-forward improvements become important. The asset’s 1989 vintage is older than the neighborhood’s average construction year (2006), creating potential value‑add and capital planning needs around interiors, common areas, and building systems to stay competitive against newer stock.
Demographic statistics aggregated within a 3-mile radius show notable population and household growth over recent periods, with forecasts pointing to additional increases and a modest decline in average household size. For multifamily, that combination implies a larger renter pool over time and more households entering the market, which can support occupancy stability and measured rent growth if product positioning meets price sensitivity.
Comparable crime benchmarking for this neighborhood is not available in WDSuite’s dataset for the current release. Investors typically assess trends relative to metro and national baselines and review municipal and law-enforcement reporting for additional context. Absent direct rankings, underwriting should incorporate on-site observations, property management feedback, and insurance quotes to triangulate risk.
Regional employers within commuting distance help support renter demand and retention, including Ascena Retail Group, Becton Dickinson, PepsiCo, Toys R Us, and Prudential Financial.
- Ascena Retail Group — apparel retail HQ (18.6 miles) — HQ
- Becton Dickinson — medical technology (22.6 miles) — HQ
- Pepsico — food & beverage (25.3 miles)
- Toys R Us — retail HQ (25.5 miles) — HQ
- Prudential Financial — financial services (25.9 miles)
This 22‑unit, 1989‑vintage property competes in a neighborhood with a high share of renter-occupied housing and mid-pack occupancy, providing a broad tenant base with room to create advantage through operations and product upgrades. Elevated home values in the area tend to reinforce reliance on rentals, while a high rent-to-income ratio suggests carefully managed renewals and value-forward improvements will be important to sustain retention.
Demographic data aggregated within a 3‑mile radius point to ongoing population and household growth with a forecast increase in households and slightly smaller household sizes, expanding the renter pool over time. According to commercial real estate analysis from WDSuite, the neighborhood’s amenity profile skews toward strong grocery access but fewer lifestyle venues nearby, making on-site convenience and targeted renovations effective levers for leasing and pricing power, with standard affordability and competition risks to underwrite.
- High renter-occupied share supports depth of demand and day-one leasing velocity.
- 1989 vintage offers value‑add potential versus the neighborhood s newer average stock.
- Elevated home values reinforce rental reliance, aiding demand resilience.
- 3‑mile demographics indicate population and household growth, expanding the renter pool.
- Risks: higher rent-to-income ratios and limited nearby lifestyle amenities may pressure retention and pricing; plan renewals and amenity/finish upgrades accordingly.