| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 46th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 192 Beach 102nd St, Rockaway Park, NY, 11694, US |
| Region / Metro | Rockaway Park |
| Year of Construction | 2011 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
192 Beach 102nd St Rockaway Park Multifamily
Neighborhood renter concentration and a high-cost ownership market point to durable tenant demand, while occupancy has remained steady at the neighborhood level according to WDSuite’s CRE market data. This coastal Queens location balances amenity access with mid-market rents, supporting pragmatic lease-up and retention strategies.
Situated in Rockaway Park within Queens, the property benefits from an Urban Core setting with strong amenity access. Neighborhood-level data show abundant parks (top national tier), plus dense restaurant, cafe, grocery, and pharmacy options—factors that tend to support leasing velocity and day-to-day livability for renters.
At the neighborhood level, occupancy is reported at 92.7% and has been broadly stable, which can help underpin revenue consistency during typical leasing cycles. The renter-occupied share of housing units is high, indicating a deep tenant base and reinforcing multifamily relevance versus ownership alternatives.
Home values in the neighborhood sit in a higher national percentile, reflecting a high-cost ownership market that can sustain reliance on rental housing. Median contract rents remain mid-market relative to incomes, and the rent-to-income ratio signals manageable affordability pressure—supporting pricing power without overextending residents.
Within a 3-mile radius, demographics indicate recent population growth alongside rising household counts and incomes, expanding the renter pool. Forward-looking figures point to more households even as average household size trends lower, which typically supports demand for rental units and helps stabilize occupancy through turnover.
Vintage positioning: The asset’s 2011 construction is newer than the neighborhood average (1991), offering competitive appeal versus older stock; investors should still plan for mid-life system updates and targeted modernization to maintain positioning.
School context: Average school ratings in the surrounding neighborhood are comparatively weak nationally; for workforce housing, this tends to shift the value proposition toward commute convenience, amenities, and rent levels rather than school-district differentiation.
Safety trends should be assessed with a comparative lens. The neighborhood’s recent crime indicators track below national medians for safety, but both violent and property offense rates have improved year over year, suggesting momentum in the right direction rather than a static condition.
Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank is 318 out of 889 neighborhoods, indicating it is competitive among New York–Jersey City–White Plains neighborhoods but still below national averages for safety. Nationally, the area sits in lower percentiles for safety, yet recent declines in both violent and property offenses point to gradual improvement. As always, investors should align underwriting with property-level security, lighting, and management protocols appropriate for the submarket.
Proximity to finance and corporate services employers supports renter demand through commute convenience and a diversified white-collar employment base. The following nearby employers are representative of the area’s core demand drivers and are within a commutable radius.
- Prudential — insurance & financial services (6.0 miles)
- Dr Pepper Snapple Group — beverages (12.3 miles)
- Aig — insurance (12.8 miles) — HQ
- S&P Global — financial information & ratings (12.8 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (12.9 miles) — HQ
This 22-unit, 2011-vintage asset in Rockaway Park leverages a high renter-occupied share and steady neighborhood occupancy to support income durability. Elevated neighborhood home values point to a high-cost ownership landscape, which typically sustains reliance on multifamily housing. According to CRE market data from WDSuite, amenity density is a relative strength here, positioning the property competitively for leasing and retention versus older stock nearby.
Within a 3-mile radius, prior population and household gains—and projections for more households alongside smaller average household sizes—suggest a larger tenant base and continued demand for rental units. The 2011 construction provides competitive appeal while entering mid-life, where selective upgrades can refresh interiors and systems to sustain rent positioning. Key risks include below-national safety percentiles and comparatively weak school ratings, which should be addressed via property-level operations and leasing strategy rather than assumed away in underwriting.
- Newer 2011 vintage vs. neighborhood average supports competitive positioning with targeted mid-life upgrades
- High renter-occupied share and stable neighborhood occupancy support income consistency
- Amenity-rich Urban Core location underpins leasing velocity and retention
- High-cost ownership market reinforces multifamily demand and pricing power
- Risks: below-national safety percentiles and weaker school ratings require prudent operations and underwriting