| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 67th | Best |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Hillside Ter, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1987 |
| Units | 112 |
| Transaction Date | 2020-03-03 |
| Transaction Price | $143,500 |
| Buyer | ZHENG YALI |
| Seller | RHOADES CAROL A |
5 Hillside Ter Monroe, NY Multifamily Investment
Investor focus: a 1987 vintage, 112-unit asset in a suburban Orange County location where elevated ownership costs and steady neighborhood occupancy support renter demand, according to WDSuite’s CRE market data.
Monroe sits within the Poughkeepsie–Newburgh–Middletown metro and the immediate neighborhood is rated B+ (ranked 78 of 221), which is competitive among metro neighborhoods but nearer the middle nationally. Amenity access is mixed: childcare access ranks well within the metro (competitive among 221), while cafés, parks, and pharmacies are limited locally, indicating a more residential, car-oriented setting.
For rental fundamentals, neighborhood occupancy is about 90.7%, near the national midpoint and modestly softer versus five years ago (based on WDSuite’s CRE market data). Median neighborhood rents trend above national norms (upper-tier nationally), while the rent-to-income ratio sits at a low level, suggesting room for prudent rent growth management without outsized affordability pressure.
Within a 3-mile radius, demographics point to a larger tenant base: population and households have expanded in recent years, and forecasts indicate further growth alongside a slight decline in average household size. Combined with a renter-occupied share of housing units of roughly four in ten within that radius, this supports demand resiliency and leasing depth for multifamily.
Home values in the neighborhood are elevated relative to the nation (upper quartile nationally), which tends to reinforce reliance on rental options and can aid retention. The subject 26nbsp;property 27s 1987 construction is newer than the neighborhood 27s average vintage (1972), offering relative competitiveness versus older stock while still warranting targeted system updates or common-area refreshes to sustain positioning.
Standardized crime metrics for this neighborhood are not available in the current WDSuite dataset, so comparative safety ranking within the Poughkeepsie–Newburgh–Middletown metro (221 neighborhoods) cannot be stated. Investors typically pair third-party data with local sources and property-level history to assess on-the-ground conditions and trends.
Regional employment anchors within commuting range include Ascena Retail Group, Becton Dickinson, Toys “R” Us, Prudential Financial, and PepsiCo. These corporate offices expand the professional workforce draw, supporting renter demand and lease retention for workforce and family-oriented product.
- Ascena Retail Group — apparel retail HQ offices (17.2 miles) — HQ
- Becton Dickinson — medical technology offices (21.2 miles) — HQ
- Toys “R” Us — retail corporate offices (23.8 miles) — HQ
- Prudential Financial — financial services offices (24.9 miles)
- PepsiCo — consumer goods corporate offices (25.5 miles)
This 112-unit, 1987-built asset benefits from a suburban Orange County location where neighborhood occupancy sits near the national midpoint, median rents run above national norms, and home values are elevated—dynamics that collectively support renter reliance and pricing power. The property 27s newer-than-area-average vintage offers competitive positioning versus older local stock, with potential to capture value through selective modernization and common-area improvements.
Within a 3-mile radius, population and household growth expand the tenant base, and a sizable share of renter-occupied housing units supports leasing depth and renewal prospects. According to CRE market data from WDSuite, the neighborhood 27s low rent-to-income ratio indicates manageable affordability pressure, which can aid retention while allowing disciplined revenue management through cycles.
- 1987 vintage newer than neighborhood average, with value-add potential via targeted updates
- Elevated local home values and above-national rents reinforce rental demand and support pricing discipline
- 3-mile radius shows population and household growth, expanding the renter pool and supporting occupancy stability
- Low rent-to-income ratio suggests room for thoughtful rent optimization without outsized retention risk
- Risk: amenity depth is limited locally and neighborhood occupancy has eased versus five years ago, requiring active leasing and resident engagement