| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 31st | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 216 E Main St, Port Jervis, NY, 12771, US |
| Region / Metro | Port Jervis |
| Year of Construction | 2004 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
216 E Main St, Port Jervis NY Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, positioning this 2004 asset to compete against older local stock. The 32-unit scale supports operational efficiency while keeping capital planning focused and targeted.
The immediate area offers day-to-day convenience that supports leasing and retention: grocery and pharmacy access ranks among the best in the metro (competitive among Poughkeepsie-Newburgh-Middletown neighborhoods out of 221) and scores in the mid-to-high 90s nationally for density. Parks access is also strong, while café options are limited; restaurants are comparatively plentiful. These patterns benefit workforce renters seeking practical amenities within short trips.
Renter concentration is high at the neighborhood level, with a majority of housing units renter-occupied (94th percentile nationally). For investors, that indicates a deep tenant base and supports demand for multifamily product. Overall occupancy in the neighborhood sits slightly above the national median and has improved over the past five years, reinforcing expectations for stability through typical turnover cycles.
Within a 3-mile radius, population and households have grown in recent years, with households expanding faster than population—an indicator of a larger tenant base and additional demand for rental units. Forward-looking data points to continued population growth and more households over the next five years, which should support occupancy and lease-up for well-managed properties.
The building’s 2004 vintage is newer than the neighborhood’s largely prewar housing stock. That relative youth can be an operating advantage versus older comparables, while still leaving room for selective modernization to enhance competitive positioning and NOI.
Ownership costs in the neighborhood sit around the national middle, while neighborhood rents benchmark near the national midpoint. This combination suggests rental options remain comparatively accessible for local earners, which can support retention and measured pricing power rather than sharp volatility.
Safety signals should be evaluated at the neighborhood level and in context. Compared with neighborhoods nationwide, overall crime conditions register modestly above average for safety. Property crime indicators are strong, placing the neighborhood in a high national percentile for safety on that measure, according to CRE market data from WDSuite.
Recent year-over-year trends show an uptick in violent incidents, which warrants monitoring and property-level mitigation (lighting, access control, resident engagement). On balance, the neighborhood compares competitively within the Poughkeepsie-Newburgh-Middletown metro, but investors should track trends rather than relying solely on point-in-time readings.
Regional employment nodes within commuting range include corporate headquarters and major offices tied to retail, medical technology, industrial gases, and energy. These employers broaden the renter pool and can support retention for workforce-oriented units.
- Ascena Retail Group — retail HQ (33.4 miles) — HQ
- Becton Dickinson — medical technology (34.5 miles) — HQ
- Toys "R" Us — retail (34.6 miles) — HQ
- Airgas Lincoln Park — industrial gases office (37.0 miles)
- PBF Energy — energy (37.5 miles) — HQ
216 E Main St offers a 32-unit footprint built in 2004, providing a relative age advantage versus the neighborhood’s older housing stock. Neighborhood indicators point to durable renter demand: renter-occupied share is high, occupancy trends have improved and sit slightly above national norms, and amenity access for groceries, pharmacies, and parks is notably strong. Within a 3-mile radius, household growth and projected population gains point to a larger tenant base that can support occupancy stability. According to WDSuite’s commercial real estate analysis, these factors align with a steady, operations-first investment profile with selective value-add potential through modernization.
Key considerations include managing affordability and retention as incomes and rents evolve, monitoring recent safety trends, and recognizing that major employment centers are distributed across the broader commute shed rather than immediately adjacent. With prudent asset management, the property is positioned to compete for workforce renters and capture stable tenancy against older comparables.
- Newer 2004 construction versus predominantly prewar neighborhood stock supports competitive positioning and moderated near-term capex.
- Majority renter-occupied neighborhood and improving occupancy underpin depth of tenant demand and leasing stability.
- Strong access to daily amenities (groceries, pharmacies, parks) supports resident convenience and retention.
- 3-mile household growth and projected population gains expand the renter pool and support sustained occupancy.
- Risks: monitor recent violent-crime uptick and manage leasing against ownership alternatives and a regional commute-shed employment base.