| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Stropkov Ct, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1992 |
| Units | 23 |
| Transaction Date | 2013-12-11 |
| Transaction Price | $1,200,000 |
| Buyer | FREUND MEYER |
| Seller | MENDLOVIC IRREVOCABLE TRUST |
1 Stropkov Ct Monroe NY Multifamily Investment
Neighborhood data points to steady renter demand supported by a high renter-occupied share and elevated ownership costs, with neighborhood occupancy near 91% according to WDSuite’s CRE market data. These are neighborhood-level indicators around the property, useful for screening pricing power and lease-up risk.
Livability signals are mixed but investable. Grocery access is a relative strength—this neighborhood ranks among the stronger areas in the metro for grocery density (top quartile nationally), while cafes, restaurants, parks, and pharmacies are limited compared with other parts of the region. For investors, this suggests everyday essentials are convenient, though lifestyle amenities may be less of a leasing driver.
From a housing standpoint, neighborhood occupancy is close to the metro middle, supporting stable baseline demand rather than outsized lease-up tailwinds. The renter-occupied share is high (59.2% of housing units are renter-occupied), placing the area above the metro median and implying a deeper tenant base for smaller multifamily assets. Elevated neighborhood home values (near the top decile nationally) and a very high value-to-income ratio indicate a high-cost ownership market that can sustain renter reliance on multifamily housing and support retention.
Demographic trends aggregated within a 3-mile radius show population and household growth in recent years with further gains forecast, expanding the local renter pool and helping support occupancy stability. Household sizes are large today and are projected to moderate, which can broaden demand across unit types. Median contract rents in the 3-mile area have been rising, with further increases forecast; investors should translate this into measured revenue growth assumptions aligned with neighborhood affordability and unit quality.
The average neighborhood construction year skews newer, while this property’s 1992 vintage is older than nearby stock. That typically points to value-add potential through selective renovations and systems upgrades to remain competitive against newer properties, balanced with prudent capital planning.
Comparable safety metrics for this neighborhood are not available in the current WDSuite dataset. Investors typically benchmark property-level risk by reviewing city and county trend data and corroborating with insurer and lender screens rather than drawing conclusions from block-level anecdotes.
Regional employment anchors within commuting distance include corporate offices across retail, healthcare, and consumer goods. This employment base can support renter demand and lease retention through commute convenience to the following employers.
- Ascena Retail Group — corporate offices (17.9 miles) — HQ
- Becton Dickinson — corporate offices (22.0 miles) — HQ
- Pepsico — corporate offices (24.8 miles)
- Toys "R" Us — corporate offices (24.9 miles) — HQ
- Prudential Financial — corporate offices (25.3 miles)
1 Stropkov Ct offers exposure to a renter-heavy neighborhood with elevated ownership costs that help sustain multifamily demand. Neighborhood occupancy sits near the metro middle, while home values are high relative to incomes, reinforcing renter reliance and supporting baseline pricing power. Demographic trends within a 3-mile radius point to continued population and household growth, expanding the tenant base and supporting steady leasing performance. According to CRE market data from WDSuite, the surrounding area’s newer stock makes the property’s 1992 vintage a candidate for targeted renovations to sharpen competitiveness.
Investors should balance these positives against affordability pressures indicated by neighborhood rent-to-income ratios and a thinner mix of lifestyle amenities. Underwriting that emphasizes value-focused improvements, thoughtful lease management, and realistic rent steps can position the asset to capture durable demand while managing retention risk.
- High renter-occupied concentration supports a deeper tenant base and leasing stability.
- Elevated ownership costs in the neighborhood reinforce reliance on multifamily housing.
- 3-mile population and household growth expand demand and support occupancy.
- 1992 vintage presents value-add potential through selective renovations and system updates.
- Risks: affordability pressure and limited lifestyle amenities may temper rent growth and retention if not managed.