| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 29th | Poor |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 180 Broad St, Staten Island, NY, 10304, US |
| Region / Metro | Staten Island |
| Year of Construction | 2010 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
180 Broad St Staten Island Multifamily—Newer 105-Unit Asset
2010 construction offers a competitive edge versus older local stock, while a high-cost ownership market supports consistent renter demand, according to WDSuite’s CRE market data.
Situated in Staten Island’s Urban Core, the asset benefits from dense retail and daily-needs access. Restaurants, cafes, groceries, and pharmacies land in higher national percentiles, indicating walkable convenience that can aid leasing and retention. However, park access is limited compared with national norms.
Within the New York–Jersey City–White Plains metro, the neighborhood’s overall standing is above the metro median (rank 575 of 889; rating C+), signaling competitive fundamentals among peer districts without implying outsized performance. Neighborhood occupancy has edged higher over five years but remains below national averages, so asset-level operations may require active leasing and renewal strategies to sustain stability.
Renter-occupied housing represents a large share of local units (high national percentile), pointing to a deep tenant base for multifamily. Elevated home values relative to incomes characterize a high-cost ownership market, which often sustains rental demand and can support pricing power and lease retention. School ratings trend below national averages, which may matter for family-oriented renter segments.
Demographic statistics within a 3-mile radius show recent population and household growth with further expansion projected, implying a larger tenant base over time. Median incomes have risen and are forecast to continue increasing alongside rent levels, suggesting demand can support disciplined rent strategies while monitoring affordability pressure. These dynamics are grounded in commercial real estate analysis from WDSuite and point to steady, needs-based renter demand.
Safety indicators compare less favorably to national norms, with violent and property offense measures sitting in lower national percentiles (higher relative incidence). Within the 889-neighborhood New York–Jersey City–White Plains metro, the area is competitive among peers rather than top-tier, but year-over-year declines in both violent and property offenses signal improving momentum. Investors should reflect this in underwriting with attention to lighting, access control, and resident engagement.
Nearby employers span food & beverage, food distribution, staffing, and financial services, supporting workforce housing demand and commute convenience. The following anchors are most relevant to renter retention and leasing near the property: Dr Pepper Snapple Group, Performance Food Group, Robert Half International, S&P Global, and Guardian Life Insurance.
- Dr Pepper Snapple Group — beverage (5.1 miles)
- Performance Food Group — food distribution (5.7 miles)
- Robert Half International — staffing & recruiting (6.6 miles)
- S&P Global — financial information services (6.6 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (6.7 miles) — HQ
Built in 2010 with 105 units, the property is materially newer than much of the surrounding housing stock, offering a competitive position versus older buildings while allowing for targeted modernization as systems age. A pronounced high-cost ownership landscape and strong renter concentration support depth of demand and potential lease retention, even as neighborhood occupancy benchmarks trail national averages.
Within a 3-mile radius, recent growth in population and households—with additional expansion projected—suggests a larger tenant base over the medium term. Median incomes and contract rents are both rising, and, according to CRE market data from WDSuite, neighborhood rent-to-income dynamics indicate manageable affordability pressure relative to many coastal markets, supporting disciplined pricing and renewal strategies. Key risks include below-average school ratings and safety metrics that require proactive property management.
- 2010 vintage offers competitive positioning versus older local stock with selective value-add potential
- High-cost ownership market and high renter concentration reinforce multifamily demand and lease retention
- 3-mile radius shows population and household growth, expanding the tenant base
- Risks: below-average school ratings and safety metrics necessitate active management and resident services