| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 39th | Poor |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Victory Blvd, Staten Island, NY, 10301, US |
| Region / Metro | Staten Island |
| Year of Construction | 2011 |
| Units | 40 |
| Transaction Date | 2009-11-12 |
| Transaction Price | $1,250,000 |
| Buyer | VICTORY FIEDLER HOUSING DEVELOPMENT FUND |
| Seller | LEEWOOD STATEN ISLAND LLC |
150 Victory Blvd, Staten Island — Newer 40-Unit Multifamily Position
Delivered in 2011 amid an older housing stock, this asset competes well on quality while renter demand is reinforced by a high-cost ownership market, according to WDSuite’s CRE market data.
The property sits in Staten Island’s Urban Core where neighborhood amenities test strong: parks, groceries, and restaurants rank in the top quartile nationally, and overall amenity access ranks 148 out of 889 metro neighborhoods — competitive among New York–Jersey City–White Plains submarkets. This breadth of daily-needs retail and open space supports resident convenience and reduces turnover risk.
At the neighborhood level, an estimated 51.8% of housing units are renter-occupied, indicating a deep tenant base for multifamily. While neighborhood occupancy is below the metro median, newer assets can capture share with durable operations and thoughtful lease management.
Within a 3-mile radius, population and households increased over the last five years and are projected to grow further by 2028, pointing to a larger tenant base over time. Median incomes have risen alongside rent levels, which supports absorption, though lease strategy should account for affordability pressure as rents continue to rise.
Elevated home values in the immediate area create a high-cost ownership market, which tends to sustain multifamily demand and retention. School ratings in the neighborhood test below national averages, which can be a consideration for family-oriented leasing but is less impactful for studios and smaller formats common in urban assets.
Neighborhood safety metrics indicate higher crime levels than the national average. Relative to other New York–Jersey City–White Plains neighborhoods (889 total), the area trends below the metro median. For national context, the neighborhood sits in lower percentiles for both violent and property offenses, signaling a risk factor to incorporate into underwriting and leasing assumptions.
Recent trend data is more constructive: both violent and property offense rates declined year over year, suggesting conditions may be improving. Operators typically mitigate with lighting, access controls, and resident engagement, and investors should benchmark policies against comparable Urban Core assets.
Commuting access connects residents to a diversified employment base including consumer goods, food distribution, professional staffing, and major financial services headquarters — a mix that supports steady renter demand and lease retention.
- Dr Pepper Snapple Group — consumer beverages (4.5 miles)
- Performance Food Group — food distribution (5.3 miles)
- Robert Half International — professional staffing (5.8 miles)
- S&P Global — financial services (5.9 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (6.0 miles) — HQ
Built in 2011, the property is materially newer than the area’s prevailing 1940s-era stock, giving it a competitive edge on systems, finishes, and operational reliability versus older inventory. Based on CRE market data from WDSuite, the surrounding neighborhood shows strong amenity access and a renter-occupied concentration that supports demand depth, while ownership costs remain elevated — factors that can aid occupancy stability for well-managed assets.
Investor focus should balance these strengths against below-median neighborhood occupancy and safety perceptions. Near-term execution centers on disciplined leasing and resident experience, while long-term fundamentals are supported by 3-mile population and household growth projections and continued reliance on rental housing in a high-cost ownership market.
- 2011 vintage offers competitive positioning versus older neighborhood stock, reducing near-term capex risk.
- Strong amenity access and diversified nearby employers support resident convenience and retention.
- High ownership costs sustain renter reliance, aiding demand depth and pricing resilience.
- 3-mile population and household growth point to a larger tenant base over time.
- Risks: below-median neighborhood occupancy and safety metrics require prudent underwriting and active management.