| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 42 Satmar Dr, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1980 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
42 Satmar Dr Monroe NY Multifamily Investment
Neighborhood renter demand is supported by a high-cost ownership market and near-median occupancy, according to WDSuite’s CRE market data, positioning this 1980-vintage, 34-unit asset for durable leasing with targeted value-add.
The property sits within the Poughkeepsie–Newburgh–Middletown metro’s Monroe area, where neighborhood-level occupancy trends are around the national median while the local renter-occupied share is elevated. Based on CRE market data from WDSuite, this indicates a sizable tenant base that can support leasing stability, though lease management discipline remains important in softer sub-neighborhood pockets.
Amenity access is mixed. Grocery availability is a relative strength (ranked among the top locations in the metro and high national percentiles), while restaurants, cafes, parks, and pharmacies are limited in the immediate neighborhood. For investors, this pattern suggests residents rely on nearby corridors for dining and services, which can influence renewal drivers and the appeal of onsite conveniences.
Home values in the neighborhood are elevated compared with national norms, which typically sustains reliance on multifamily for households not pursuing ownership. At the same time, neighborhood-level incomes trail broader area medians, and the rent-to-income ratio indicates affordability pressure in parts of the renter base—an operational consideration for renewals, concessions, and screening.
Within a 3-mile radius, demographics point to a growing renter pool: population and household counts have expanded in recent years and are projected to continue rising through 2028, supporting demand depth and occupancy stability. Average household sizes are larger than national norms and are expected to trend modestly lower over time, implying more households and ongoing demand for a range of unit types.
Vintage context matters: the neighborhood’s average construction year skews newer, while this asset’s 1980 build is older. That creates a clear value-add angle around unit modernization, building systems, and common-area improvements to remain competitive against newer stock, while prioritizing capital planning to manage long-term maintenance.
Comparable neighborhood crime metrics are not reported in WDSuite for this location, so investors should rely on city, county, and state sources to benchmark safety trends against peer submarkets. As with any acquisition, underwriting should reflect observable patterns such as property condition, lighting, access control, and surrounding land use rather than block-level assumptions.
Regional employment access includes a mix of corporate offices that support commuting tenants and leasing stability. Nearby anchors include Ascena Retail Group, Becton Dickinson, PepsiCo, Toys "R" Us, and Prudential Financial.
- Ascena Retail Group — apparel retail HQ (18.8 miles) — HQ
- Becton Dickinson — medical technology (22.9 miles) — HQ
- PepsiCo — food & beverage offices (25.3 miles)
- Toys "R" Us — retail HQ (25.7 miles) — HQ
- Prudential Financial — financial services offices (26.1 miles)
This 34-unit multifamily property, built in 1980, offers a pragmatic value-add path in a neighborhood where renter-occupied housing is prevalent and occupancy trends sit near national norms. Elevated home values at the neighborhood level help sustain multifamily demand, while the 3-mile area shows ongoing population and household growth that expands the tenant base and supports occupancy stability. According to CRE market data from WDSuite, amenity access skews toward strong grocery options but thinner dining and park inventory, making onsite features and operations meaningful differentiators.
Investor considerations include affordability pressure within parts of the local renter base and competitive positioning versus newer stock across the metro. Thoughtful capital planning around interiors, systems, and curb appeal can capture rent premiums without overextending affordability thresholds, while proximity to regional employers provides a diversified commuter pool.
- 1980 vintage creates clear value-add potential to compete with newer neighborhood stock
- Elevated neighborhood home values reinforce sustained reliance on rentals and deepen tenant demand
- 3-mile population and household growth support leasing velocity and occupancy stability over the medium term
- Amenity mix favors strong grocery access; onsite conveniences can offset limited dining/park options nearby
- Risks: affordability pressure and competition from newer assets require disciplined pricing and asset management