| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 2nd | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6 Taylor Ct, Monroe, NY, 10950, US |
| Region / Metro | Monroe |
| Year of Construction | 1978 |
| Units | 25 |
| Transaction Date | 1999-03-26 |
| Transaction Price | $132,000 |
| Buyer | LOWY ISAAC |
| Seller | DESSER ABRAHAM |
6 Taylor Ct Monroe NY Multifamily Investment Opportunity
High renter concentration and a high-cost ownership landscape point to durable rental demand in Monroe, supported by multifamily property research from WDSuite’s CRE market data.
Located in Monroe within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood shows rental fundamentals that are broadly in line with national conditions. Neighborhood occupancy trends track near the national midpoint, suggesting stable—but not overheated—leasing conditions, according to WDSuite’s CRE market data.
A majority of housing units are renter-occupied, indicating a deeper tenant base for multifamily operators and supporting demand resilience. This renter concentration can help sustain occupancy and leasing velocity across cycles, particularly for well-managed workforce housing.
Local amenity access is mixed: grocery availability is a relative strength (competitive nationally), while cafes, restaurants, parks, and childcare options are limited within the immediate neighborhood. For investors, this pattern typically favors properties that emphasize on-site conveniences and parking while marketing proximity to daily-needs retail.
Home values in the neighborhood test among the higher tiers metro-wide and sit in the top quartile nationally, reinforcing reliance on rental housing and supporting pricing power for well-positioned assets. At the same time, reported rent-to-income levels point to some affordability pressure, which makes rent growth pacing and renewal management important for retention.
Within a 3-mile radius, population and household counts have been growing and are projected to continue expanding through the medium term, indicating a larger renter pool over time. Household sizes trend larger than national norms, which can favor units and floor plans that accommodate families or shared living while maintaining competitive effective rents.
The property’s 1978 vintage is older than the neighborhood’s newer average stock. For investors, that can present value-add potential through targeted renovations and systems updates, while planning for capital expenditures to ensure competitive positioning versus 2000s-era buildings.
Published neighborhood-level safety metrics are limited for this location in WDSuite’s dataset, so comparative conclusions at the block level are not provided. Investors commonly benchmark conditions against broader county and metro trends and incorporate on-the-ground diligence (site visits and management feedback) to assess security features, lighting, and patrol coverage relative to peer submarkets.
Regional employment access features a mix of corporate offices within commuting range that can support renter demand and lease retention, including apparel, medical devices, food and beverage, retail, and financial services employers listed below.
- Ascena Retail Group — apparel retail HQ (18.5 miles) — HQ
- Becton Dickinson — medical devices (22.6 miles) — HQ
- PepsiCo — food & beverage (25.0 miles)
- Toys "R" Us — retail (25.4 miles) — HQ
- Prudential Financial — financial services (25.8 miles)
6 Taylor Ct benefits from a renter-leaning neighborhood in a high-cost ownership market, which supports depth of demand for multifamily. According to CRE market data from WDSuite, neighborhood occupancy trends sit near national norms while the renter-occupied housing share is elevated, suggesting a broad tenant base and steady leasing conditions.
Constructed in 1978, the asset is older than much of the surrounding stock, creating a straightforward value-add path via interior upgrades and system modernization. Demographics aggregated within a 3-mile radius show recent growth in population and households with further expansion projected, pointing to a larger renter pool over time. Operators should balance this tailwind with thoughtful rent-setting and renewal strategies given indications of affordability pressure.
- Renter-leaning neighborhood and high ownership costs support sustained multifamily demand
- Occupancy trends near national norms indicate stable leasing conditions
- 1978 vintage offers value-add upside through targeted renovations and system updates
- 3-mile demographics point to a growing renter pool, aiding absorption and retention
- Risk: affordability pressure requires disciplined rent growth and renewal management