| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19 Getzil Berger Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1992 |
| Units | 36 |
| Transaction Date | 2010-01-10 |
| Transaction Price | $50,000 |
| Buyer | KLEIN RIFKA LEA |
| Seller | KLEIN LEON |
19 Getzil Berger Blvd Monroe NY Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s with a high renter concentration, supporting demand durability according to WDSuite’s CRE market data; elevated local home values further sustain reliance on rentals rather than ownership.
Located in Monroe, this asset benefits from steady multifamily fundamentals at the neighborhood level. Occupancy runs around the mid-90s and is competitive among Poughkeepsie–Newburgh–Middletown neighborhoods (ranked 85 out of 221), signaling stable leasing conditions rather than lease-up risk based on CRE market data from WDSuite. The area also shows a high share of renter-occupied housing, indicating a deeper tenant base and ongoing demand for multifamily units.
Livability is anchored by everyday conveniences more than lifestyle retail. Grocery access ranks in the top quartile among the metro’s 221 neighborhoods and tests above national norms, while cafes, restaurants, parks, and pharmacies are comparatively sparse nearby. For investors, this mix suggests reliable daily needs coverage but fewer discretionary amenity drivers, which typically supports workforce-oriented renter profiles and longer average stays.
Within a 3-mile radius, demographics point to a growing and family‑oriented renter pool. Recent years show strong population and household expansion, with additional growth projected by 2028, implying a larger tenant base and support for occupancy stability. As incomes rise and contract rents trend upward locally, rent growth potential exists but should be balanced against household budget sensitivity to sustain retention.
The property’s 1992 vintage is older than much of the surrounding stock (which skews newer), creating clear value‑add and modernization angles. Targeted upgrades to interiors and building systems can help the asset compete against newer deliveries while supporting rent positioning and reducing near‑term capital surprises.
Home values in the neighborhood are elevated relative to national levels, reinforcing reliance on rental housing and helping underpin pricing power. That said, the neighborhood’s rent‑to‑income readings indicate some affordability pressure, so asset strategy should weigh renewal management and modest upgrade scopes to protect retention.
Safety indicators present a mixed picture. Relative to the Poughkeepsie–Newburgh–Middletown metro, the neighborhood sits in a higher‑crime cluster (crime rank 11 out of 221 neighborhoods). At the same time, several measures compare above national averages, placing the area around the better half of U.S. neighborhoods overall. Recent estimates show a notable uptick in violent‑offense readings, so ongoing monitoring and property‑level measures (lighting, access control) are prudent from a risk‑management standpoint.
Regional employers within commuting range support renter demand and lease retention, led by Ascena Retail Group, Becton Dickinson, PepsiCo, Toys "R" Us, and Prudential Financial. Proximity to these nodes underpins workforce housing dynamics for the submarket.
- Ascena Retail Group — apparel retail (18.4 miles) — HQ
- Becton Dickinson — medical technology (22.6 miles) — HQ
- PepsiCo — food & beverage (24.9 miles)
- Toys "R" Us — retail (25.4 miles) — HQ
- Prudential Financial — financial services (25.7 miles)
This 1992 multifamily asset leverages stable neighborhood fundamentals and a growing 3‑mile renter base. Occupancy performance is competitive within the metro and supported by a high share of renter‑occupied units, while elevated local home values encourage continued reliance on rentals. According to commercial real estate analysis from WDSuite, grocery access is a relative strength versus both metro and national baselines, even as lifestyle amenities remain limited.
Investor focus centers on value‑add and modernization to improve competitive positioning against newer stock, while underwriting should account for affordability pressure evidenced by local rent‑to‑income dynamics. Forward demographic expansion suggests a larger tenant base and supports occupancy stability, but prudent lease management and retention strategies remain essential.
- Competitive neighborhood occupancy and high renter concentration support demand stability
- 1992 vintage offers value‑add and modernization potential versus newer nearby stock
- Elevated home values sustain rental reliance and underpin pricing power
- Risks: affordability pressure and limited lifestyle amenities; monitor safety trends and manage renewals accordingly