| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Vayoel Moshe Ct, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | 2010-12-23 |
| Transaction Price | $87,000 |
| Buyer | 3 VAYOEL MOSHE LLC |
| Seller | 30 IZD LLC |
3 Vayoel Moshe Ct, Monroe NY — Rental Demand Supported by High-Cost Ownership
Neighborhood-level data indicates solid renter demand and near-median occupancy, according to WDSuite’s CRE market data, with elevated home values in the area helping sustain reliance on multifamily rentals. Metrics cited reflect the neighborhood, not the property, and suggest durable tenant depth with some affordability sensitivity.
The property sits in an Urban Core neighborhood within the Poughkeepsie–Newburgh–Middletown metro where neighborhood occupancy trends are around the metro middle, pointing to workable leasing conditions rather than outsized vacancy risk. Renter-occupied housing is a majority share at the neighborhood level, indicating a deep tenant base that supports multifamily demand and lease-up consistency.
Local amenities skew practical rather than lifestyle-driven. Grocery access ranks among the strongest in the metro (competitive among 221 neighborhoods), while cafes, restaurants, parks, and pharmacies are comparatively sparse. For investors, this mix often supports stable, needs-based tenancy, though it can limit rent premiums driven by entertainment or boutique retail.
Home values at the neighborhood level are elevated relative to both the metro and national landscape, which typically reinforces reliance on rental housing and can aid retention and pricing power for well-managed assets. At the same time, rent-to-income ratios trend high here, which warrants active lease management to mitigate affordability pressure and turnover risk.
Within a 3-mile radius, population and households have grown over the past five years with additional expansion expected by 2028, implying a larger renter pool over time. Family presence is significant and average household sizes are larger than national norms, which can translate to steady demand for multi-bedroom configurations and longer tenures when unit layouts align with household needs.
Neighborhood-level safety metrics are not consistently available in WDSuite for this location at this time. Investors typically benchmark conditions against city and county publications and track multi-year trends for a clearer view. Property-level measures (lighting, access control, and visibility) and proximity to active commercial corridors can also influence resident perception and retention.
The employment base within commuting range is anchored by corporate offices that broaden the renter pool and support lease stability. Key nodes include Ascena Retail Group, Becton Dickinson, PepsiCo, Toys “R” Us, and Prudential Financial.
- Ascena Retail Group — corporate offices (18.1 miles) — HQ
- Becton Dickinson — corporate offices (22.2 miles) — HQ
- PepsiCo — corporate offices (24.6 miles)
- Toys “R” Us — corporate offices (25.1 miles) — HQ
- Prudential Financial — corporate offices (25.4 miles)
Built in 1985, the asset is older than the neighborhood’s typical vintage, positioning it for targeted value-add or systems modernization to enhance competitiveness against newer stock. Neighborhood data points to a majority share of renter-occupied housing and occupancy trends near the metro median, suggesting durable tenant depth with room to improve performance through operations and upgrades.
High neighborhood home values reinforce rental demand, while population and household growth within a 3-mile radius point to a gradually expanding renter pool that can support occupancy stability over time. According to CRE market data from WDSuite, affordability pressure is a consideration here, so underwriting should plan for proactive renewals, measured rent steps, and amenity improvements that drive retention.
- Older 1985 vintage offers value-add and CapEx planning opportunities to compete with newer nearby supply.
- Majority renter-occupied neighborhood supports multifamily demand depth and leasing durability.
- Elevated neighborhood home values sustain reliance on rentals, aiding retention and pricing power.
- 3-mile population and household growth expands the tenant base, supporting occupancy stability.
- Risk: Higher rent-to-income ratios require careful rent setting and renewal strategies to manage turnover.