| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 8th | Poor |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Getzil Berger Blvd, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3 Getzil Berger Blvd Monroe NY Multifamily Investment
Neighborhood occupancy in the mid-90s suggests resilient leasing dynamics, according to WDSuite’s CRE market data, with elevated home values reinforcing steady renter demand relative to ownership options.
Located in Monroe within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood shows stable renter demand, with occupancy around the mid-90s and a renter-occupied share of housing units near six in ten. For investors, that depth of renter base supports leasing continuity and reduces exposure to abrupt vacancy swings.
Daily needs access is serviceable rather than destination-oriented. Grocery availability scores competitively (around the 80th percentile nationally), while cafes, restaurants, parks, and pharmacies are comparatively sparse. This mix tends to support workforce-oriented demand profiles and value-driven tenancy rather than amenity-led premiums.
The local housing stock skews newer relative to many U.S. neighborhoods (average year built around 2014 among 221 metro neighborhoods), which generally raises the competitive bar for older assets. With a 1985 vintage, the property may benefit from targeted renovations and modernization to meet contemporary renter expectations, creating potential value-add upside alongside capex planning.
Within a 3-mile radius, the population and household counts have expanded meaningfully over the last five years, with additional growth projected by 2028. That trajectory points to renter pool expansion and support for occupancy stability. Median contract rents in the 3-mile area have trended upward historically and are projected to continue rising, while a high-cost ownership landscape locally (home values well above national norms and a high value-to-income ratio) tends to sustain reliance on rental housing and bolster tenant retention. At the neighborhood level, a rent-to-income ratio near 0.40 signals affordability pressure, so proactive lease management and renewal strategies are important for maintaining pricing power without increasing turnover risk.
Safety indicators compare favorably against national norms on property and violent offense measures (national percentiles suggest better-than-average safety), which can support leasing and renewal outcomes. However, the most recent year shows an uptick in violent-offense trends, so prudent operators should monitor changes and align security and resident engagement practices accordingly.
Regional corporate offices within commuting distance provide a diversified employment base that supports renter demand and lease retention, notably across retail apparel, medical technology, consumer goods, insurance, and legacy toy retail.
- Ascena Retail Group — retail apparel (18.4 miles) — HQ
- Becton Dickinson — medical technology (22.6 miles) — HQ
- Pepsico — consumer goods (24.8 miles)
- Toys "R" Us — toy retail (25.4 miles) — HQ
- Prudential Financial — insurance (25.7 miles)
This 1985-vintage Monroe asset competes in a neighborhood with mid-90s occupancy and a renter-occupied share near six in ten, supporting durable leasing. Elevated local home values relative to incomes reinforce reliance on rental housing, while 3-mile population and household growth expand the tenant base. Based on CRE market data from WDSuite, these dynamics point to steady demand, with modernization of an older vintage offering potential to lift rents toward newer stock while managing capex prudently.
Operators should balance pricing with retention: neighborhood rent-to-income levels indicate affordability pressure, and local amenities are utilitarian rather than lifestyle-driven. Proximity to a diversified set of regional employers provides a commuting tenant base that can support occupancy, but ongoing monitoring of safety trends and targeted community engagement remains prudent.
- Occupancy stability and sizable renter-occupied share underpin leasing continuity.
- High-cost ownership market sustains rental demand and supports retention.
- 1985 vintage presents value-add and modernization upside against newer neighborhood stock.
- Commutable access to diversified regional employers supports tenant demand.
- Risks: affordability pressure (rent-to-income near 0.40), lighter amenity base, and the need to monitor recent safety trends.