| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 161 Acres Rd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1988 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
161 Acres Rd Monroe NY Multifamily Investment
Neighborhood occupancy is firm and renter demand is meaningful, according to WDSuite’s CRE market data, while elevated ownership costs locally tend to keep households renting longer. Investors should underwrite with attention to affordability pressure and value-add potential rather than outsized rent growth assumptions.
The property sits in Monroe within the Poughkeepsie–Newburgh–Middletown metro, where the immediate neighborhood shows durable renter demand. Renter-occupied share is materially above the metro median (ranked 19 among 221 neighborhoods), indicating a deep tenant base that can support leasing stability. Neighborhood occupancy is strong and has edged higher in recent years, suggesting steady absorption and limited chronic vacancy risk.
Amenities are mixed: grocery access is competitive among metro peers (ranked 21 of 221; 80th percentile nationally), but dining, cafés, parks, and pharmacies are less dense nearby. For operations, this typically translates to solid day-to-day convenience for residents with fewer lifestyle destinations in the immediate blocks, which may modestly influence marketing and retention positioning.
Within a 3-mile radius, demographics point to ongoing renter pool expansion: population and households have grown and are projected to continue rising through 2028, with household counts increasing faster than population—implying slightly smaller average household sizes over time and more leasing activity per capita. This growth backdrop generally supports occupancy stability and turn velocity.
Home values in the neighborhood are elevated relative to national norms, which tends to reinforce reliance on rental housing and can bolster pricing power during renewals. At the same time, rent-to-income levels signal affordability pressure for some cohorts, so prudent lease management and measured renewal strategies are advisable to sustain retention.
Vintage is an important consideration: the asset was built in 1988, while the neighborhood’s stock skews newer on average. Older vintage often implies near- to medium-term capital planning for interiors, common areas, and systems, but it can also offer clear renovation and repositioning upside against newer competitive supply.
Safety signals are mixed across geographies. Within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood ranks below the metro median for safety (ranked 11 among 221 neighborhoods), indicating higher relative incident levels compared with many local peers. In contrast, national benchmarking is more favorable: property offenses are in the top percentile for safety nationally and violent offenses fall in the top quartile, suggesting comparatively safer standing versus many U.S. neighborhoods. Recent-year movements show some volatility, so investors should monitor trend direction rather than relying on a single snapshot.
Regional corporate offices provide a diversified white-collar employment base within commuting distance, supporting renter demand and lease retention for workforce and professional households. Nearby anchors include Ascena Retail Group, Becton Dickinson, PepsiCo, Toys “R” Us, and Prudential Financial.
- Ascena Retail Group — corporate offices (18.8 miles) — HQ
- Becton Dickinson — corporate offices (22.9 miles) — HQ
- Pepsico — corporate offices (25.2 miles)
- Toys "R" Us — corporate offices (25.7 miles) — HQ
- Prudential Financial — corporate offices (26.1 miles)
161 Acres Rd offers exposure to a renter-heavy pocket of Monroe with stable neighborhood occupancy and a deep tenant base. Based on CRE market data from WDSuite, the area’s elevated home values reinforce sustained demand for rentals, while the property’s 1988 construction presents a clear value-add path through targeted renovations and systems upgrades to compete with newer stock.
Within a 3-mile radius, population and household growth—projected to continue through the mid-term—support a larger renter pool and steady leasing. Investors should underwrite with discipline around rent-to-income and amenity-light surroundings, but the combination of resilient occupancy, strong grocery convenience, and proximity to regional employers points to durable fundamentals.
- Renter concentration above metro median supports demand depth and occupancy stability.
- Elevated ownership costs bolster reliance on rental housing and renewal pricing power.
- 1988 vintage offers value-add and modernization upside versus newer neighborhood stock.
- 3-mile household and population growth indicate a larger tenant base over the forecast period.
- Risks: affordability pressure, amenity-light immediate area, and mixed safety signals within the metro.