| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 41st | Poor |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Ryan St, Port Jervis, NY, 12771, US |
| Region / Metro | Port Jervis |
| Year of Construction | 1987 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
111 Ryan St, Port Jervis NY — Multifamily Investment Thesis
Neighborhood renter-occupied share is comparatively high and supports demand depth, while occupancy trends sit below the metro median, according to WDSuite’s CRE market data. This positioning suggests stable leasing with room for operational upside.
111 Ryan St sits in an Inner Suburb neighborhood within the Poughkeepsie–Newburgh–Middletown metro. Amenity access is mixed: restaurant and grocery proximity rank competitive among metro peers (both better than roughly the 40th percentile rank threshold), while parks, pharmacies, and cafes are sparse. For investors, this typically translates to steady day‑to‑day convenience but limited lifestyle anchors that can cap premium pricing.
At the neighborhood level, occupancy is below the metro median (rank 170 of 221), signaling some leasing softness that disciplined operations can address. The renter-occupied share is comparatively elevated (72nd percentile nationally), indicating a deeper tenant base that can support absorption and renewals even when turnover rises.
Construction year matters: the property’s 1987 vintage is materially newer than the neighborhood’s much older average stock (1908). That relative positioning can enhance competitiveness against older comparables, while still warranting capital planning for aging systems and selective interior or common-area updates to sustain rentability.
Demographic statistics aggregated within a 3-mile radius show recent population growth with a faster increase in households, expanding the local renter pool. Projections indicate continued gains in households over the next five years, which supports occupancy stability and leasing velocity if supply additions remain measured.
Ownership context is favorable for rentals: neighborhood home values and a higher value‑to‑income ratio (around the 71st percentile nationally) point to a high‑cost ownership market relative to incomes, which tends to reinforce reliance on rental housing. At the same time, neighborhood rent-to-income metrics sit in a low national percentile, suggesting manageable rent levels that can aid retention and reduce collection risk.
School quality is a watch item: the neighborhood’s average school rating trends low nationally, which can temper family-driven demand compared to stronger‑rated districts. Investors should calibrate expectations accordingly and emphasize unit finishes, maintenance responsiveness, and value positioning to sustain leasing momentum.
Neighborhood‑specific crime metrics are not available in WDSuite for this area. Investors commonly review multiple sources and compare neighborhood conditions to metro benchmarks and citywide trends to contextualize risk, underwriting assumptions, and security planning.
Regional employers within commuting distance provide a diversified white‑collar employment base that can support renter demand and renewal stability, including Ascena Retail Group, Becton Dickinson, Toys "R" Us, Airgas, and Avis Budget Group.
- Ascena Retail Group — corporate offices (33.9 miles) — HQ
- Becton Dickinson — corporate offices (35.2 miles) — HQ
- Toys "R" Us — corporate offices (35.4 miles) — HQ
- Airgas Lincoln Park — corporate offices (37.9 miles)
- Avis Budget Group — corporate offices (38.7 miles) — HQ
The 41‑unit, 1987‑vintage asset at 111 Ryan St benefits from a renter‑leaning neighborhood and a household base that has been expanding within a 3‑mile radius. While neighborhood occupancy trends run below the metro median, relatively manageable rent levels and a higher value‑to‑income ownership landscape support depth of rental demand and potential for operational lift as units are repositioned.
Compared with much older area stock, the property’s vintage offers a competitive edge, with capital plans focused on systems maintenance and targeted interior updates to drive rentability rather than full reconfiguration. Based on CRE market data from WDSuite, amenity access is serviceable but not premium, and school ratings trend low—factors that argue for a pragmatic value positioning and disciplined expense control to sustain returns.
- Renter-occupied concentration and growing 3‑mile households support a durable tenant base and leasing velocity.
- 1987 vintage is newer than surrounding stock, enabling competitive positioning with selective renovations.
- Ownership costs relative to incomes bolster reliance on rentals, aiding retention and pricing power management.
- Watch: neighborhood occupancy below metro median and lower school ratings may temper rent growth expectations.