| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 69th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Bay Ter, Staten Island, NY, 10306, US |
| Region / Metro | Staten Island |
| Year of Construction | 1976 |
| Units | 65 |
| Transaction Date | 2016-04-05 |
| Transaction Price | $845,000 |
| Buyer | SPRINGER KEVIN |
| Seller | IMPROTA ROSE |
25 Bay Ter Staten Island Multifamily Investment
Neighborhood occupancy trends sit in the low-90s, indicating steady renter demand in this part of Staten Island, according to WDSuite’s CRE market data. Strong local incomes and high ownership costs suggest durable leasing potential for a well-positioned asset.
Located in Staten Island’s Urban Core, the area surrounding 25 Bay Ter balances steady occupancy with family-friendly fundamentals. Neighborhood schools rate near the top quartile nationally (96th percentile), which can support retention for renters prioritizing education. Parks access scores strong (88th percentile nationwide), while restaurants are competitive (70th percentile), though immediate retail convenience is thinner with limited grocery, pharmacy, and cafe density.
Home values in the neighborhood are elevated (median around $692k), placing the area in a high-cost ownership market relative to most U.S. neighborhoods (93rd national percentile). For multifamily investors, this typically sustains rental demand and can support pricing power, while a rent-to-income ratio near 0.18 suggests manageable affordability pressure relative to incomes. Median household income ranks well nationally (82nd percentile), signaling capacity to support market rents over time.
Renter concentration at the neighborhood level is modest (about 28% renter-occupied units), which implies a shallower tenant base than more rental-heavy submarkets but can still provide stable demand for well-located, professionally managed communities. The property’s 1976 vintage is slightly newer than the neighborhood’s average construction year of 1973; investors should still evaluate systems and common areas for modernization, yet the vintage can remain competitive versus older stock.
Demographic statistics aggregated within a 3-mile radius indicate recent population growth with further expansion projected, alongside a notable increase in household counts over the next five years. This points to a larger tenant base and supports occupancy stability, even as household sizes remain relatively large for the region—factors that can underpin long-term multifamily demand, based on CRE market data from WDSuite.
Safety indicators are mixed when compared nationally, with overall crime measures sitting below the national median. Property offenses have shown meaningful year-over-year improvement, while violent-offense benchmarks remain less favorable versus national peers. Trends suggest conditions are improving on the property-crime side, but investors should underwrite with conservative assumptions and verify the latest local reports and building-level controls.
Nearby corporate offices provide a diversified employment base that can support renter demand and commute convenience, including US Foods, Performance Food Group, Dr Pepper Snapple Group, Merck, and Robert Half International.
- US Foods — foodservice distribution (7.3 miles)
- Performance Food Group — foodservice distribution (8.1 miles)
- Dr Pepper Snapple Group — beverage (10.6 miles)
- Merck — pharmaceuticals (11.0 miles) — HQ
- Robert Half International — staffing & recruiting (12.1 miles)
This 65-unit asset offers exposure to a high-cost ownership pocket of Staten Island, where elevated home values and strong household incomes help sustain renter reliance on multifamily housing. Neighborhood occupancy has held in the low-90s, and schools rank near the top tier nationally—factors that can support retention and stable leasing for well-managed properties. According to CRE market data from WDSuite, the area’s rent levels track with incomes, suggesting balanced affordability and potential for disciplined rent growth management.
The 1976 vintage is slightly newer than the neighborhood’s average stock and can remain competitive with targeted upgrades to building systems and interiors. Three-mile demographic trends indicate population growth and a larger household base over the next five years, pointing to a deeper tenant pool. Key underwriting considerations include the neighborhood’s modest renter-occupied share and thinner immediate retail amenities, which place a premium on property operations, on-site services, and connectivity to employment corridors.
- High-cost ownership market supports durable renter demand and pricing power
- Neighborhood occupancy in the low-90s and strong schools aid retention
- 1976 vintage offers modernization and value-add potential relative to older stock
- 3-mile population and household growth expand the tenant base
- Risks: modest renter concentration and limited immediate retail require focused operations