| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 46th | Poor |
| Amenities | 78th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 208 Atlantic Ave, Staten Island, NY, 10305, US |
| Region / Metro | Staten Island |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
208 Atlantic Ave, Staten Island Multifamily Investment
Renter demand is supported by strong neighborhood occupancy and dense daily-needs amenities, according to WDSuite’s CRE market data. The area’s high-cost ownership landscape points to steady multifamily absorption and pricing resilience.
This Urban Core pocket of Staten Island carries a B+ neighborhood rating and ranks 316 out of 889 metro neighborhoods — competitive among New York–Jersey City–White Plains submarkets and above the metro median. Amenity access is a practical strength: neighborhood counts for groceries (99th percentile nationally), pharmacies (100th), cafes (96th), and restaurants (85th) indicate daily convenience that helps sustain renter appeal and leasing velocity.
Occupancy in the neighborhood is high and has trended upward in recent years (ranked 278 of 889, placing it above the metro median and competitive among peer neighborhoods), which supports income stability for multifamily assets. The local renter-occupied share of housing units is 39.5% (79th percentile nationally), signaling a deep tenant base and healthy demand for smaller formats such as the property’s average 472 sq. ft. units.
Within a 3-mile radius, demographic trends point to a larger tenant base: population and household counts have both increased over the last five years, with additional gains expected through the next cycle. Median household incomes sit in the 71st percentile nationally, and projected income growth suggests continued capacity to absorb rent steps, reinforcing occupancy stability and lease retention.
Home values in the neighborhood score in the 92nd national percentile, a high-cost ownership environment that typically sustains reliance on rental housing. Rent-to-income metrics remain manageable for the area, which can help balance pricing power with retention. School quality is a relative weak spot (15th percentile nationally), a consideration for family-oriented renter segments, while the lack of nearby parks indicates limited recreational green space within the neighborhood footprint.
Vintage context: the submarket’s average construction year is 1967, while this asset was built in 1973. Being somewhat newer than the local average may support competitive positioning versus older stock; however, investors should plan for ongoing system modernization typical of 1970s assets to maintain marketability.
Safety indicators are mixed relative to the metro and nation. The neighborhood’s crime rank is 201 out of 889 metro neighborhoods, which is below average for the region, and national percentiles place overall safety below the midpoint. However, recent trends show improvement: both violent and property offense rates have declined year over year, placing those reductions in stronger national percentiles compared with peers. Investors should underwrite to current conditions while acknowledging the positive direction of change.
Nearby corporate offices provide a diverse employment base that supports renter demand and retention through commute convenience. Key employers include food & beverage distributors, staffing services, and financial services firms headquartered in Manhattan’s core.
- Performance Food Group — food distribution (6.9 miles)
- Dr Pepper Snapple Group — beverages (7.2 miles)
- Robert Half International — staffing & recruiting (8.8 miles)
- S&P Global — financial information (8.8 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (8.9 miles) — HQ
The investment case centers on durable demand drivers: high neighborhood occupancy, strong amenity density, and a high-cost ownership market that reinforces reliance on rentals. Based on CRE market data from WDSuite, the area ranks above the metro median for occupancy and offers top-quartile national access to daily-needs amenities, supporting leasing stability and rent growth management. Within a 3-mile radius, population and household growth, coupled with rising incomes, point to a larger and more resilient tenant base.
Constructed in 1973, the property is somewhat newer than the neighborhood’s average vintage. This positioning can be competitive versus older stock, but prudent capital planning for ongoing modernization (mechanicals, exteriors, common areas) will help sustain performance. Key underwriting considerations include below-average school ratings and safety metrics that, while improving, warrant monitoring.
- High neighborhood occupancy and dense daily amenities support leasing stability
- High-cost ownership market underpins rental demand and pricing power
- 3-mile demographic growth and rising incomes expand the renter pool
- 1973 vintage offers competitive positioning vs. older stock with planned upgrades
- Risks: below-average school ratings and safety metrics; continue to monitor local trends