| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 58th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Old Country Rd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1972 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Old Country Rd Monroe NY 82-Unit Multifamily Opportunity
Neighborhood occupancy has held above the metro median and renter demand is supported by steady amenity access and income levels, according to WDSuite s CRE market data. For investors, the thesis centers on stable leasing fundamentals with potential value-add upside.
Located in Monroe within the Poughkeepsie Newburgh Middletown metro, the neighborhood posts an occupancy rate that is above the metro median among 221 neighborhoods, pointing to resilient leasing conditions at the submarket level. Amenity access ranks 17th out of 221 metro neighborhoods, placing it in the top quartile locally, and national amenity indicators (cafes, restaurants, groceries, parks, pharmacies) register above-average percentiles, supporting day-to-day livability that helps retention.
The property s vintage is 1972, which is older than the neighborhood s average construction year. For investors, that typically means planning for capital improvements while also opening a path to value-add repositioning to compete effectively against newer stock. Average unit sizes are sizeable for the region, adding flexibility for family and roommate demand.
Tenure data show a renter-occupied share in the mid-30% range in the immediate neighborhood, indicating a meaningful renter base that supports multifamily absorption and renewal activity. Home values are elevated for the region, which tends to sustain reliance on rental housing and can aid pricing power, while the rent-to-income profile trends near manageable levels for residents a combination that can support lease retention when managed carefully.
Demographic statistics aggregated within a 3-mile radius show recent growth in population and households, with additional expansion projected, implying a larger tenant base over time. Against broader metro and national trends, the neighborhood s balanced income profile and above-average amenities leave it competitive among Poughkeepsie Newburgh Middletown neighborhoods, according to CRE market data from WDSuite.
Comparable, block-level crime metrics are not available for this neighborhood in the current WDSuite release. Investors typically triangulate safety using multiple sources and on-the-ground diligence, including property operations history and local law enforcement reports, to understand trends relative to the broader region.
The area draws on a diversified corporate base within commuting distance, which can support renter demand and retention through steady white-collar employment. Notable nearby employers include Ascena Retail Group, Becton Dickinson, Pepsico, Toys "R" Us, and Prudential Financial.
- Ascena Retail Group apparel retail (17.4 miles) HQ
- Becton Dickinson medical technology (21.5 miles) HQ
- Pepsico food & beverage (24.3 miles)
- Toys "R" Us toy retail (24.3 miles) HQ
- Prudential Financial insurance & financial services (24.7 miles)
This 82-unit asset benefits from neighborhood occupancy that trends above the metro median and a renter concentration that supports ongoing leasing activity. Elevated ownership costs in the area help sustain reliance on rental housing, while rent-to-income dynamics remain manageable for many households, supporting retention and steady NOI. The 1972 construction suggests investors should underwrite capital planning for systems and interiors, with potential to capture value-add upside and enhance competitive positioning versus newer stock. According to CRE market data from WDSuite, amenity access is top quartile locally and demographics within a 3-mile radius point to a growing tenant base.
Key considerations include maintaining competitiveness through renovations and monitoring any localized population softness at the immediate neighborhood level versus broader 3-mile growth. Overall, the location s livability, income depth, and employer access set a foundation for durable multifamily performance over a long-term hold.
- Above-metro neighborhood occupancy supports leasing stability and cash flow visibility
- Elevated home values reinforce renter reliance on multifamily housing and pricing power
- 1972 vintage offers value-add and repositioning potential with planned CapEx
- Amenity-rich setting and diverse employers within commuting distance backfill demand
- Risk: aging building systems and any localized demographic softness require active asset management