| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 23 Getzil Berger Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1995 |
| Units | 22 |
| Transaction Date | 1997-12-18 |
| Transaction Price | $200,000 |
| Buyer | EINHORN TOBI |
| Seller | DRESDNER JACOB |
23 Getzil Berger Blvd Monroe NY Multifamily Opportunity
Neighborhood occupancy is competitive among Poughkeepsie–Newburgh–Middletown submarkets, and a top-quartile renter-occupied housing share in the area supports stable tenant demand, according to WDSuite’s CRE market data.
The property sits in Monroe within the Poughkeepsie–Newburgh–Middletown metro, where neighborhood fundamentals favor steady leasing. Neighborhood occupancy trends are competitive among 221 metro neighborhoods and land in the upper tiers nationally, which can support lower downtime between turns. A higher share of housing units that are renter-occupied in the neighborhood indicates a deeper tenant base for multifamily operators.
Within a 3-mile radius, population and household counts have risen and are projected to expand further over the next five years, pointing to a larger tenant base and continued demand for rental units. Average household size remains above national norms here, so operators may prioritize efficient floor plans and unit mixes that serve larger households while managing common-area wear.
Local amenities are mixed. Grocery access indexes well versus national benchmarks, while restaurants, cafes, parks, and pharmacies are less dense. For investors, this combination suggests daily-needs convenience but fewer destination amenities, which can be offset with on-site features and parking to enhance resident retention.
Home values in the neighborhood trend elevated versus national levels, and the value-to-income relationship is high. In practice, a high-cost ownership market tends to reinforce reliance on rental housing, supporting lease-up and renewal pricing power. At the same time, higher rent-to-income ratios in the neighborhood imply affordability pressure for some renter households, making disciplined lease management and renewal strategies important.
Vintage positioning: The asset s 1995 construction is older than the neighborhood s newer housing stock on average, creating potential value-add or modernization angles (exteriors, interiors, and building systems) to compete effectively against post-2010 deliveries.
Safety indicators show a nuanced picture. Compared with neighborhoods nationwide, estimated property and violent offense measures place this area in the stronger national cohorts, suggesting comparatively favorable conditions. Within the Poughkeepsie–Newburgh–Middletown metro, however, the neighborhood ranks closer to the less safe group among 221 neighborhoods, so investors should underwrite prudent security measures and monitor local trends.
- Ascena Retail Group — corporate offices (18.4 miles) — HQ
- Becton Dickinson — medical technology corporate offices (22.5 miles) — HQ
- Pepsico — food & beverage corporate offices (24.8 miles)
- Toys "R" Us — retail corporate offices (25.4 miles) — HQ
- Prudential Financial — financial services corporate offices (25.6 miles)
Nearby corporate employers broaden the commuter base, supporting renter demand and retention. The list below highlights major office and headquarters nodes within commuting range: Ascena Retail Group, Becton Dickinson, PepsiCo, Toys "R" Us, and Prudential Financial.
This 22-unit asset built in 1995 offers a value-add path in a neighborhood where occupancy trends are competitive and the share of renter-occupied housing is high. Population and household growth within a 3-mile radius point to a larger renter pool over the next five years, supporting occupancy stability and renewal capture. Elevated ownership costs in the surrounding neighborhood reinforce renter reliance on multifamily housing, while higher rent-to-income levels call for thoughtful lease management.
Given the property s older vintage relative to newer nearby stock, targeted capital planning across interiors and building systems can enhance positioning versus post-2010 product. According to multifamily property research from WDSuite, neighborhood rent levels track above many peers regionally, aligning with a strategy that balances modernization with operational efficiency to sustain competitive performance.
- Competitive neighborhood occupancy supports lower downtime relative to metro peers.
- Growing 3-mile population and households expand the tenant base and support leasing.
- Elevated ownership costs in the area bolster renter demand and renewal potential.
- 1995 vintage offers clear value-add levers to compete with newer product.
- Risk: Higher rent-to-income ratios require disciplined lease management and concessions control.