| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 39th | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Nicholas Ave, Staten Island, NY, 10302, US |
| Region / Metro | Staten Island |
| Year of Construction | 1993 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Nicholas Ave Staten Island Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by a high-cost ownership market and a growing local tenant base, according to WDSuite’s CRE market data. Occupancy at the neighborhood level has been relatively stable, suggesting manageable leasing risk with thoughtful operations.
Located in Staten Island’s Urban Core, the property benefits from neighborhood amenities that are above the metro median among 889 tracked neighborhoods, with strong access to daily-needs retail. Grocery and pharmacy density rank in the top tier nationally, while restaurants are also plentiful. Parks and cafes are limited, so on-site and nearby private amenities may matter more for lifestyle appeal.
The median construction vintage in the surrounding neighborhood skews older (1940s era). By contrast, this asset was built in 1993, offering a competitive edge versus older stock and potential to capture demand from residents seeking more contemporary layouts and systems, while still planning for selective modernization to sustain positioning.
At the neighborhood scale, an estimated 38.4% of housing units are renter-occupied, indicating a meaningful tenant base without overreliance on rentals. Within a 3-mile radius, population and households have increased in recent years, and forecasts point to continued growth by 2028, signaling a larger renter pool and supporting occupancy stability. School ratings in the neighborhood trend modest relative to national norms; investors may prioritize unit features and commute convenience over school-driven demand.
Home values in the neighborhood sit at elevated levels compared with national benchmarks, and the value-to-income ratio ranks near the top nationally. This high-cost ownership market tends to sustain reliance on multifamily rentals, supporting lease retention and pricing power. At the same time, rent-to-income readings suggest manageable affordability pressure compared with coastal peers, an advantage for renewal strategy and resident durability.
Safety trends should be assessed in a comparative frame. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime positioning is around the middle of the pack among 889 neighborhoods. Nationally, indicators benchmark below typical U.S. safety percentiles, implying investors should underwrite prudent security, lighting, and access controls.
Recent year-over-year data show improvement in violent incidents, while property-related offenses remain elevated, according to WDSuite’s datasets. The directional mix underscores the importance of operator best practices and resident engagement to support perceptions of safety and retention.
Proximity to a diversified employment base supports renter demand and commute convenience, including food distribution, financial services, utilities, and life sciences. Nearby employers include Performance Food Group, Prudential Financial, Dr Pepper Snapple Group, Public Service Enterprise Group, and Merck.
- Performance Food Group — food distribution (2.8 miles)
- Prudential Financial — financial services (7.1 miles) — HQ
- Dr Pepper Snapple Group — beverages (7.1 miles)
- Public Service Enterprise Group — utilities (7.1 miles) — HQ
- Merck — life sciences (7.5 miles) — HQ
Built in 1993 with 39 units, 150 Nicholas Ave competes favorably against a neighborhood dominated by older housing stock, offering an opportunity to capture demand from renters seeking relatively newer product while targeting selective value-add upgrades. Elevated home values and a high value-to-income backdrop reinforce renter reliance on multifamily housing, while 3-mile population and household growth expand the prospective tenant base and support occupancy stability.
Neighborhood occupancy has held in a steady range and amenity access rates above the metro median aid leasing velocity; according to CRE market data from WDSuite, the area’s renter concentration and forecast household gains point to continued demand depth. Key underwriting considerations include modest neighborhood school ratings, nationally weaker safety benchmarks, and the need to budget for ongoing modernization to maintain competitive positioning.
- 1993 vintage offers relative competitive edge vs. older neighborhood stock with targeted modernization upside
- High-cost ownership market supports renter dependence, aiding retention and pricing discipline
- Expanding 3-mile population and households indicate a growing renter pool and support occupancy stability
- Amenity access above metro median (groceries, pharmacies, restaurants) supports resident convenience and leasing
- Risks: nationally weaker safety benchmarks, modest school ratings, and the need for sustained CapEx planning