| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Poor |
| Demographics | 31st | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 Jersey Ave, Port Jervis, NY, 12771, US |
| Region / Metro | Port Jervis |
| Year of Construction | 1977 |
| Units | 51 |
| Transaction Date | 2011-10-20 |
| Transaction Price | $1,500,000 |
| Buyer | PJ HOUSING PRESERVATION LP |
| Seller | PJ HOUSING ASSOCIATES |
230 Jersey Ave, Port Jervis NY — 51-Unit Value-Add Multifamily
Stabilized neighborhood occupancy and a renter-leaning housing base point to durable tenant demand, according to WDSuite’s CRE market data.
Located in Port Jervis within the Poughkeepsie–Newburgh–Middletown metro, the subject sits in an Inner Suburb neighborhood rated A- and ranked 55 out of 221 metro neighborhoods — competitive among regional peers. Amenity access is a relative strength: grocery and pharmacy density both rank near the top of the metro (ranks 1 of 221 for each) and fall in the mid- to high-90s nationally, supporting daily convenience for residents and aiding retention.
Neighborhood multifamily occupancy is in the low-90s, and the area shows a high renter-occupied share of housing units (about six in ten), placing it near the top of the metro (rank 10 of 221). For investors, that renter concentration indicates a broad tenant base and potential for steady leasing, while the rent-to-income profile suggests some affordability pressure that warrants thoughtful lease management and renewal strategies.
Within a 3-mile radius, demographics show recent population growth and a larger household count, with projections indicating additional gains through 2028. A growing household base expands the local renter pool and can support occupancy stability. Median household incomes have trended higher in this radius, which helps underpin rent levels, though income distribution remains mixed and calls for product-positioning discipline.
Vintage context matters here: the average neighborhood housing stock skews early 20th century, while this asset was built in 1977. Being newer than much of the local stock can be a competitive advantage, and it also creates a clear value-add path via targeted modernization of interiors and common areas to capture demand from residents seeking more updated options.
Lifestyle access is practical rather than trendy. Restaurant density ranks 12 of 221 in the metro (high-90s nationally), while café density is limited. Parks and childcare access are relative strengths (both ranking within the top 10 of 221), supporting family-oriented demand and day-to-day livability.
Safety indicators present a mixed but manageable picture. Compared with neighborhoods nationwide, overall crime metrics sit modestly on the favorable side of the spectrum, with violent offense measures in the upper tiers nationally. Within the Poughkeepsie–Newburgh–Middletown metro, however, the neighborhood’s crime rank (19 out of 221) indicates higher reported incident levels than many local peers.
Recent trends are nuanced: property-related offenses show signs of improvement year over year, while some violent categories have risen. Investors should underwrite with appropriate security, lighting, and operational practices, and compare incident trends to submarket benchmarks rather than block-level snapshots.
Commuter access reaches several Northern New Jersey and Hudson Valley corporate nodes, supporting renter demand from regional office and headquarters employment. The employers below represent realistic commuting ranges that can reinforce leasing and retention.
- Ascena Retail Group — corporate offices (33.5 miles) — HQ
- Becton Dickinson — corporate offices (34.6 miles) — HQ
- Toys "R" Us — corporate offices (34.7 miles) — HQ
- Airgas Lincoln Park — corporate offices (37.1 miles)
- PBF Energy — corporate offices (37.6 miles) — HQ
230 Jersey Ave is a 51-unit asset built in 1977, positioned in a neighborhood with low-90s occupancy and a high renter-occupied share. This combination supports day-one demand and creates room for value-add through selective renovations that outcompete older local stock. According to CRE market data from WDSuite, daily-needs amenities (grocers, pharmacies) are unusually dense for the metro, which can bolster retention and reduce turnover friction.
Within a 3-mile radius, population and households have grown and are projected to expand further through 2028, pointing to a larger tenant base over the hold period. Ownership costs in the area are moderate by regional standards, which should sustain reliance on rental housing, though rent-to-income levels indicate investors should manage renewals carefully to balance pricing power with retention.
- Renter-leaning housing base and low-90s neighborhood occupancy support leasing stability.
- 1977 vintage offers clear renovation and repositioning upside versus older neighborhood stock.
- Dense daily-needs amenities (grocery, pharmacy) aid retention and day-to-day convenience.
- 3-mile demographic growth and rising incomes expand the tenant pool over the medium term.
- Risks: safety ranks weaker than many metro peers and rent-to-income pressure requires disciplined lease management.