| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16 Lizensk Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2017-09-17 |
| Transaction Price | $200,000 |
| Buyer | MOSKOVICS JACOB |
| Seller | MOSKOVICS JACOB |
16 Lizensk Blvd Monroe NY Multifamily Opportunity
Neighborhood occupancy runs at 90.8% (neighborhood-level, not property-specific), suggesting steady renter activity in Monroe; according to WDSuite’s CRE market data, stability is supported by a sizable renter base and a high-cost ownership market.
Location dynamics: The property sits within Monroe’s Urban Core where neighborhood occupancy is 90.8%. With 59.2% of housing units renter-occupied, the area shows a deep tenant base that can support leasing continuity for smaller multifamily assets. Home values are elevated (median $729,368), which tends to sustain reliance on rental housing and can aid pricing power and retention for well-managed properties.
Amenities and access: Grocery access is a relative strength, ranking 5th among 221 metro neighborhoods and in the 93rd percentile nationally, while cafes, parks, and pharmacies rank near the bottom locally. For investors, this mix points to day-to-day convenience but fewer lifestyle amenities in immediate proximity, which may influence marketing strategy and target renter profiles.
Demographics within 3 miles: WDSuite data indicates population and household growth in the surrounding 3-mile radius, with households projected to expand further over the next five years. This supports a larger tenant base and leasing durability, even as average household size trends slightly lower in the forecast, which can diversify demand across unit types and price points.
Relative position in the metro: The neighborhood’s overall standing is below the metro median (ranked 202 of 221), but key investor-relevant indicators—high renter concentration and a high-cost ownership market—remain supportive. Use this context to benchmark rents and occupancy against competitive submarkets across the Poughkeepsie–Newburgh–Middletown metro.
Asset vintage: Built in 1986 versus a neighborhood average construction year of 2006, the asset is older than much of the surrounding stock. Investors should plan for capital improvements and modernization to sharpen competitiveness and unlock value-add upside relative to newer comparables.
Comparable neighborhood safety metrics are not available in WDSuite for this location. Investors typically assess risk by reviewing metro- and city-level trend reports and local enforcement updates for context, then benchmarking against peer neighborhoods in the Poughkeepsie–Newburgh–Middletown metro. Absent ranked data, it is prudent to pair on-the-ground observations with historical trend reviews before underwriting.
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 — corporate offices (18.7 miles) — HQ
- Becton Dickinson — healthcare products (22.8 miles) — HQ
- Pepsico — consumer goods (25.3 miles)
- Toys "R" Us — retail corporate (25.6 miles) — HQ
- Prudential Financial — financial services (26.0 miles)
This 24-unit property (built 1986) is positioned in a neighborhood with steady renter activity and elevated ownership costs, a combination that can underpin occupancy and rent resiliency. The asset’s older vintage suggests clear value-add levers—interior renovations, system upgrades, and curb appeal—to compete against newer stock and to capture demand from a sizable renter pool. Based on commercial real estate analysis from WDSuite, the surrounding area’s renter-occupied share and high home values support continued reliance on multifamily housing.
Within a 3-mile radius, population and households have been expanding and are projected to grow further, pointing to renter pool expansion over the medium term. Counterbalancing this, neighborhood-level rent-to-income metrics indicate affordability pressure, so underwriting should emphasize lease management, renewal strategies, and careful pricing relative to competing Class B/C assets.
- Older 1986 vintage enables targeted value-add to lift rents and competitiveness
- High-cost ownership market and strong renter concentration support demand and retention
- 3-mile population and household growth expands the tenant base, aiding occupancy stability
- Risk: elevated rent-to-income ratios call for disciplined pricing and renewal strategy