| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Getzil Berger Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25 Getzil Berger Blvd Monroe NY Multifamily Positioning
Neighborhood occupancy is competitive within the Poughkeepsie–Newburgh–Middletown metro and elevated home values support sustained renter demand, according to WDSuite s commercial real estate analysis. Metrics cited reflect neighborhood conditions rather than the subject property.
Located in Monroe, NY, the property sits in an Urban Core neighborhood with leasing conditions that are competitive among Poughkeepsie–Newburgh–Middletown s 221 neighborhoods (neighborhood occupancy at 95.5% and an occupancy rank of 85, which places it competitive among metro peers), based on CRE market data from WDSuite. The neighborhood shows a high renter-occupied share at 57.8% (rank 19 of 221), signaling depth in the tenant base and supporting demand stability for multifamily.
Local amenity density is mixed. Grocery access is comparatively strong (rank 21 of 221; top quartile in the metro and above national norms), while other everyday amenities such as cafes, restaurants, parks, and pharmacies score lower relative to metro peers. For investors, this typically means residents rely on regional retail nodes for variety, with grocery convenience anchoring daily needs.
Home values in the neighborhood are elevated relative to incomes (value-to-income ratio near the top of metro rankings and high in national percentiles). That high-cost ownership backdrop tends to reinforce reliance on rentals and can support pricing power, though it also calls for careful lease management as rent-to-income metrics indicate some affordability pressure for households.
Within a 3-mile radius, demographics point to a growing renter pool. Population and households have expanded over the last five years, with projections through 2028 indicating further increases and a modest shift toward smaller average household sizes. This combination generally broadens the tenant base and supports occupancy stability and absorption at multifamily assets. Median contract rents in the neighborhood sit in the upper national percentiles and have grown over the past five years, underscoring durable renter demand relative to national benchmarks.
Vintage considerations: built in 1985, the property is older than the neighborhood s average construction year of 2014. Investors should underwrite for capital expenditures and potential value-add upgrades that can improve competitive positioning against newer stock while capturing rent premiums for renovated units.
Safety indicators present a nuanced picture. Within the Poughkeepsie–Newburgh–Middletown metro s 221 neighborhoods, the neighborhood s crime rank suggests higher incident rates than many metro peers. However, national comparisons from WDSuite point to favorable readings: estimated property offenses are in a top national safety percentile, and violent offense rates benchmark stronger than a large share of neighborhoods nationwide.
Recent trend data indicate a year-over-year uptick in estimated violent offenses. For investors, this argues for sensible security measures and ongoing monitoring while recognizing that, on broad national comparisons, current levels still read comparatively favorable.
Nearby employment anchors include Ascena Retail Group, Becton Dickinson, PepsiCo, Toys "R" Us, and Prudential Financial. Their regional presence supports commute convenience for a diverse workforce and can help underpin renter demand and retention.
- Ascena Retail Group retail apparel (18.4 miles) HQ
- Becton Dickinson medical devices (22.5 miles) HQ
- Pepsico beverages & snacks (24.8 miles)
- Toys "R" Us retail/toys (25.3 miles) HQ
- Prudential Financial financial services (25.6 miles)
The investment case centers on durable renter demand, a competitive neighborhood occupancy profile, and structural support from a high-cost ownership market. According to CRE market data from WDSuite, the neighborhood s occupancy ranks competitively within the metro, while elevated home values versus incomes reinforce reliance on rentals and can support pricing power. At the same time, rent-to-income readings signal affordability pressure, so prudent lease management remains important.
Built in 1985, the asset trails the area s newer average vintage, creating a clear value-add path through targeted renovations and system upgrades to sharpen positioning against 2010s-era comparables. Demographic trends within a 3-mile radius show population and household growth, with projections indicating further increases and a gradual shift toward smaller households—factors that generally expand the renter pool and support occupancy stability over the medium term.
- Competitive neighborhood occupancy supports leasing stability
- High-cost ownership market sustains renter reliance and pricing power
- 1985 vintage offers value-add and capex-driven upside versus newer stock
- 3-mile population and household growth expands the tenant base
- Risks: affordability pressure (rent-to-income) and recent safety trend require proactive management