| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27 Getzil Berger Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2002-09-10 |
| Transaction Price | $265,000 |
| Buyer | ERGAS JOSEPH |
| Seller | 1 V M CORP |
27 Getzil Berger Blvd Monroe Multifamily Investment
Neighborhood occupancy is solid and renter demand is supported by a sizable renter-occupied housing base, according to WDSuite’s CRE market data. This position offers investors exposure to Monroe’s rental market with stable fundamentals and room for operational upside.
The property sits within Monroe’s Urban Core, where neighborhood occupancy is competitive and steady. The neighborhood’s occupancy rate is in the upper tier locally (above the metro median, rank 85 of 221), pointing to generally consistent leasing conditions. Renter-occupied housing represents a meaningful share of units (57.8%), indicating depth in the tenant base and support for ongoing demand.
At the neighborhood level, home values are elevated relative to the metro (rank 5 of 221; high national percentile), which tends to reinforce reliance on multifamily rentals and can support pricing power and lease retention. At the same time, rent-to-income ratios skew high locally, flagging affordability pressure that calls for attentive lease management and renewal strategies.
Daily-needs access is a relative strength, with grocery presence ranking well (21 of 221; high national percentile), while lifestyle amenities like restaurants, cafes, parks, and pharmacies are limited within the immediate neighborhood footprint (ranks near the bottom locally). For investors, this mix suggests convenience for essentials but less walkable lifestyle positioning; marketing and tenant retention may benefit from highlighting short drives to broader retail corridors.
Within a 3-mile radius, demographics show population and household expansion historically with additional growth projected, implying a larger tenant base ahead. Forecasts indicate households increasing alongside a modest decline in average household size, which can broaden demand for multifamily units. Based on CRE market data from WDSuite, median contract rents in the area have trended upward, aligning with regional patterns and supporting revenue growth potential when paired with disciplined affordability oversight.
The asset’s 1985 vintage is older than the neighborhood’s newer building stock on average. That gap points to potential value-add through renovations and modernization, as well as the need to plan for capital expenditures to maintain competitiveness against younger supply.
Neighborhood safety indicators compare favorably in several areas. Property crime is notably low, placing the neighborhood in the top tier for safety nationally, and among the very best ranks locally (near the top of 221 metro neighborhoods). Violent offense levels are safer than the national average (high national percentile) and competitive among Poughkeepsie–Newburgh–Middletown neighborhoods, though recent year-over-year trends show some volatility. Investors should monitor trajectory rather than any single-year change, using multi-year patterns for risk assessment.
Regional employment access includes a mix of corporate offices spanning retail apparel, medical technology, food and beverage, retail, and financial services—supporting renter demand via commute convenience to diversified white-collar jobs.
- Ascena Retail Group — retail apparel corporate offices (18.3 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 (25.3 miles) — HQ
- Prudential Financial — financial services corporate offices (25.6 miles)
27 Getzil Berger Blvd offers investors a 36-unit foothold in Monroe anchored by stable neighborhood occupancy and a sizable renter pool. Elevated local home values sustain rental reliance, while 3-mile demographics point to ongoing population and household growth—factors that support demand, occupancy stability, and long-term income durability. The 1985 vintage introduces clear value-add potential through interior and systems modernization to compete with newer stock.
According to CRE market data from WDSuite, neighborhood-level rents have trended upward and occupancy sits above the metro median, providing a constructive backdrop for disciplined revenue management. Key watch items include renters’ higher rent-to-income ratios in the neighborhood and the asset’s older systems, both of which call for careful capital planning and focused renewal strategies.
- Stable neighborhood occupancy and a strong renter-occupied housing base support leasing consistency.
- Elevated home values in the area reinforce multifamily demand and potential pricing power.
- 3-mile population and household growth expand the tenant base and support long-term demand.
- 1985 vintage presents value-add and modernization upside with targeted capex.
- Risks: higher rent-to-income ratios and older building systems require active lease and capital management.