| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16 Israel Zupnick Dr, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1985 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
16 Israel Zupnick Dr Monroe Multifamily Investment
Neighborhood occupancy remains steady and renter demand is deep, according to WDSuite’s CRE market data, positioning this 51-unit asset for stable operations in a high-cost ownership area. The 1985 vintage also suggests potential value-add upside relative to newer nearby stock.
Livability is defined by practical access rather than entertainment density. Grocery availability is comparatively strong (competitive among Poughkeepsie–Newburgh–Middletown neighborhoods), while restaurants, cafes, and parks are limited within the immediate neighborhood. For investors, this points to a resident base prioritizing essentials and larger-format shopping over dining clusters, which can support consistent, needs-driven trips and reduce reliance on discretionary amenity draws.
Neighborhood occupancy is 95.5% (neighborhood metric, not the property), a level that supports lease-up resilience and pricing discipline when managed carefully, based on CRE market data from WDSuite. The area also shows a high share of renter-occupied housing units at 57.8% (neighborhood metric), indicating a sizeable tenant base and reinforcing multifamily demand depth versus ownership alternatives.
Within a 3-mile radius, population and households have expanded over the past five years, with forecasts indicating further growth through 2028. This larger tenant base and expected increase in households support occupancy stability and renewal potential, while a modest decline in projected average household size suggests additional demand for flexible unit mixes over time.
Home values in the neighborhood are elevated relative to many U.S. locations, which tends to reinforce reliance on multifamily housing and can aid retention and pricing power. At the same time, local rent-to-income readings point to some affordability pressure, making revenue management and renewal strategies important investor considerations.
Vintage context: most nearby construction skews newer, with the neighborhood’s average construction year around 2014. Against that backdrop, the property’s 1985 vintage may benefit from targeted capital planning or renovations to remain competitive with newer stock while capturing value-add returns.
Relative to neighborhoods nationwide, this area trends above average on safety, with property and violent offense indicators placing it in the stronger national cohorts, according to WDSuite’s CRE market data. Recent year-over-year signals show some volatility in violent offense trends, so prudent operators may wish to monitor local patterns and maintain standard security and lighting best practices.
At the metro scale (Poughkeepsie–Newburgh–Middletown), the neighborhood compares favorably to many peers, but investors should interpret safety at the neighborhood—not block—level and pair data with on-the-ground diligence, daypart observations, and resident feedback.
Regional employment is anchored by corporate offices within commuting distance, supporting renter demand and lease retention for workforce households. Key nearby employers include Ascena Retail Group, Becton Dickinson, PepsiCo, Toys "R" Us, and Prudential Financial.
- Ascena Retail Group — corporate offices (18.3 miles) — HQ
- Becton Dickinson — corporate offices (22.5 miles) — HQ
- Pepsico — corporate offices (24.7 miles)
- Toys "R" Us — corporate offices (25.3 miles) — HQ
- Prudential Financial — corporate offices (25.6 miles)
This 51-unit, 1985-vintage asset sits in a neighborhood with steady occupancy and a high share of renter-occupied housing units, supporting durable multifamily demand. Elevated ownership costs in the area tend to sustain reliance on rentals, while 3-mile population and household growth expand the tenant base and underpin renewal potential. According to multifamily property research from WDSuite, the nearby stock trends newer, suggesting targeted renovations can enhance competitive positioning and capture value-add returns without over-improving for the submarket.
Risks to underwrite include amenity-light surroundings that may require stronger onsite activation, plus measured affordability pressure that makes disciplined revenue management important. Balanced against these, proximity to a diversified employment base and stable neighborhood occupancy supports a resilient, operations-first thesis.
- Steady neighborhood occupancy and deep renter base support leasing stability
- 1985 vintage presents value-add potential versus newer nearby stock
- Elevated ownership costs reinforce rental demand and renewal prospects
- Risks: amenity-light setting and affordability pressure require careful revenue management