| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 69th | Good |
| Amenities | 86th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 121 Lyman Ave, Staten Island, NY, 10305, US |
| Region / Metro | Staten Island |
| Year of Construction | 1973 |
| Units | 42 |
| Transaction Date | 2000-01-26 |
| Transaction Price | $1,834,000 |
| Buyer | BRIDGEVIEW GARDEN APARTMENTS LLC |
| Seller | MONTANTI VINCENT L |
121 Lyman Ave Staten Island Multifamily Opportunity
Urban Core location with strong neighborhood amenities and an owner-heavy housing base that can underpin steady renter demand, according to WDSuite’s CRE market data. Positioning within the New York–Jersey City–White Plains metro supports liquidity and long-term relevance.
Located in Staten Island’s Urban Core, the neighborhood is competitive among the 889 metro neighborhoods, supported by an amenity mix that scores in the upper tiers nationally for everyday needs and lifestyle access. Grocery, pharmacy, parks, cafes, and restaurants all register well above national medians, which helps leasing and retention for multifamily assets.
Neighborhood schools average roughly mid-to-upper tier performance nationally (around the 73rd percentile), adding family-friendly appeal. At the same time, neighborhood occupancy is around the national middle, suggesting stable but manageable vacancy risk. The local renter-occupied share is relatively low, indicating an owner-leaning housing stock; for multifamily owners, that typically means less direct competition from nearby rentals but a thinner immediate renter base.
Demographic statistics aggregated within a 3-mile radius point to population and household growth over the past five years, with households projected to continue rising through 2028. The renter share within this broader radius is near even today and is forecast to increase, implying a larger tenant base and support for occupancy stability. Median contract rents in the neighborhood sit in the upper national percentiles, while rent-to-income measures trend on the more manageable side, which can aid lease retention and pricing discipline.
The property’s 1973 vintage is newer than the neighborhood’s average construction year. That positioning can provide a competitive edge versus older stock, although investors should still plan for system updates and modernization to meet today’s renter expectations and sustain performance under typical value-add strategies grounded in commercial real estate analysis.
Safety indicators are mixed when benchmarked nationally. Overall crime metrics sit below national medians (violent and property offense percentiles are on the lower end of the national scale), signaling that investors should underwrite prudent security and operating practices. A recent year-over-year decrease in estimated property offenses suggests some improvement, but trends should be monitored alongside local enforcement and community initiatives across the New York–Jersey City–White Plains metro.
Within the metro context, conditions vary widely by neighborhood. Underwriting should reflect building-specific controls, lighting, access systems, and tenant profile, rather than relying solely on area averages.
Proximity to major corporate offices underpins commuter demand and broad industry exposure, supporting renter retention for workforce and professional tenants. Nearby employers include beverages, food distribution, staffing, and financial services, with several headquarters within a typical urban commute.
- Dr Pepper Snapple Group — beverages (5.7 miles)
- Performance Food Group — food distribution (7.1 miles)
- Robert Half International — staffing & recruiting (7.3 miles)
- S&P Global — financial information (7.3 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (7.4 miles) — HQ
121 Lyman Ave offers exposure to a high-amenity Urban Core pocket of Staten Island with owner-leaning housing nearby and a broader 3-mile radius showing population growth, increasing households, and a renter pool that is projected to expand. Elevated home values in the neighborhood point to a high-cost ownership market, which can sustain multifamily demand and support pricing power, while rent-to-income levels remain comparatively manageable for retention, based on CRE market data from WDSuite.
Built in 1973, the asset is newer than the area’s average vintage, creating a relative edge versus older stock; however, investors should plan for targeted modernization to keep the property competitive. Safety indicators trail national medians, so disciplined operations and capital planning remain important. Overall, proximity to diverse employers, strong amenity access, and growing regional renter depth support a long-term hold or value-add strategy.
- Amenity-rich Urban Core location with competitive standing among metro neighborhoods
- High-cost ownership market reinforces renter reliance and pricing power
- 3-mile radius shows population and household growth, expanding the tenant base
- 1973 vintage offers relative advantage vs. older stock with value-add upside
- Risk: below-median national safety indicators warrant prudent operations and security investment