| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 31st | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 189 Ball St, Port Jervis, NY, 12771, US |
| Region / Metro | Port Jervis |
| Year of Construction | 1987 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
189 Ball St Port Jervis Multifamily Investment
Neighborhood occupancy hovers around 92% with a high share of renter-occupied units, supporting day-to-day leasing stability, according to WDSuite’s CRE market data. Positioned in Port Jervis, the asset benefits from steady renter demand tied to local services and regional commuting corridors.
The property sits in an Inner Suburb setting of Port Jervis that ranks competitive among Poughkeepsie-Newburgh-Middletown neighborhoods (55th of 221), reflecting balanced fundamentals for workforce-oriented rentals. Nearby daily-needs amenities are a strength: grocery and pharmacy access are among the area’s highest concentrations metro-wide, and park access is also strong. Restaurant density is healthy, while cafe options are thinner, pointing to convenience over lifestyle retail.
From a rental performance standpoint, the neighborhood s occupancy is around 92%, and renter concentration is elevated, indicating a deeper tenant base for multifamily. Median contract rents in the immediate area sit near the mid-$1,000s, while the neighborhood s rent-to-income ratio near 0.29 suggests some affordability pressure that operators should manage through careful lease renewal strategy.
Demographic statistics are aggregated within a 3-mile radius and indicate population growth over the last five years alongside a faster increase in households, which expands the renter pool. Forecasts point to continued gains in both population and households, supporting occupancy stability and absorption over the medium term (based on CRE market data from WDSuite).
Ownership costs locally are lower than many coastal metros, which can introduce some competition from entry-level ownership. Even so, the neighborhood s above-average renter-occupied share and services-rich environment tend to sustain rental demand and lease retention for well-managed assets.
Safety indicators show a nuanced picture. Compared with neighborhoods nationwide, rates align more with the safer end of distributions for both property and violent offenses, placing the area broadly in the better national quartiles. Within the Poughkeepsie-Newburgh-Middletown metro, relative positioning is less favorable than many peer neighborhoods, so operators should underwrite pragmatic security measures and lighting, and calibrate insurance and loss-prevention assumptions accordingly.
Recent-year trends have been mixed, with some categories improving and others showing volatility. For investors, this argues for routine monitoring of incident trends, engagement with property-level safety enhancements, and coordination with local stakeholders rather than relying solely on historical averages.
Regional employment access spans Northern New Jersey corporate centers, supporting commuter demand for renters. Notable employers within the broader commute shed include Ascena Retail Group, Becton Dickinson, Toys "R" Us, Airgas, and Avis Budget Group.
- Ascena Retail Group — corporate offices (33.5 miles) — HQ
- Becton Dickinson — medical technology corporate offices (34.7 miles) — HQ
- Toys "R" Us — retail corporate offices (34.9 miles) — HQ
- Airgas Lincoln Park — industrial gases corporate offices (37.2 miles)
- Avis Budget Group — mobility & car rental corporate offices (37.8 miles) — HQ
Built in 1987 with 42 units, the asset offers scale for professional management and potential value-add through modernization as systems age. Neighborhood fundamentals are supportive: occupancy near 92% and a high share of renter-occupied housing point to demand depth, while strong access to groceries, pharmacies, parks, and restaurants enhances day-to-day livability that can aid retention.
Within a 3-mile radius, recent population growth and a faster rise in households signal renter pool expansion, with forecasts indicating continued growth that supports leasing and occupancy. According to commercial real estate analysis from WDSuite, local home values are relatively accessible compared with larger coastal metros—creating some ownership competition—but the neighborhood’s renter concentration and service density continue to underpin multifamily demand.
- 1987 vintage offers value-add and system modernization opportunities at scale (42 units).
- Neighborhood demand supported by ~92% occupancy and elevated renter-occupied share.
- Amenities strength (grocery, pharmacy, parks, restaurants) supports tenant retention and leasing.
- 3-mile population and household growth, with forecasts indicating continued renter pool expansion.
- Risks: some safety metrics are less favorable within the metro, and ownership options may compete at the margin; manage through operations and underwriting.