| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Poor |
| Demographics | 35th | Poor |
| Amenities | 80th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 Park Ave, Staten Island, NY, 10302, US |
| Region / Metro | Staten Island |
| Year of Construction | 1994 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
250 Park Ave, Staten Island NY Multifamily Investment
Newer construction relative to the neighborhood and strong access to daily amenities position this asset for durable renter demand, according to WDSuite’s CRE market data. Monitor pricing power alongside local occupancy trends to balance lease-up and retention.
This Urban Core pocket of Staten Island offers density where it matters for renters: abundant parks, food, and daily needs. Park access ranks at the top quartile nationally, and restaurants, cafes, groceries, and pharmacies are also high relative to neighborhoods nationwide. For investors, that amenity mix supports marketing, walkability value, and resident retention.
The asset s 1994 vintage is newer than the neighborhood s older housing stock (average construction year skews to the mid-20th century), which can enhance competitive positioning versus nearby properties. Investors should still plan for mid-life system updates and targeted renovations to keep finishes and building systems market-relevant.
Unit tenure data indicate a renter-occupied share around two-fifths, signaling a meaningful but not saturated renter base. That balance can support stable multifamily demand without relying on transient turnover, though underwriting should account for local leasing seasonality and concessions when needed.
Within a 3-mile radius, WDSuite data show population growth over the last five years and a projected increase in both households and incomes through 2028, implying a larger tenant base and potential support for absorption. Median contract rents in the immediate neighborhood are in the upper-$1,000s, and elevated ownership costs relative to incomes reinforce reliance on rental options rather than ownership, which can aid retention and occupancy stability.
Neighborhood occupancy is below national norms, so operators should emphasize differentiated value (newer vintage, walkability, and access to jobs) to compete effectively. School quality signals in the dataset are limited here, so conservative assumptions on school-driven demand are prudent when modeling family-oriented unit mixes.
Safety indicators for the neighborhood trend below the national median, based on WDSuite 9s nationwide comparisons. Recent year-over-year data show declines in both property and violent offense estimates, suggesting improvement, but investors should underwrite with prudent security, lighting, and access-control measures and confirm trends with current local sources.
Proximity to established employers supports renter demand tied to logistics, consumer brands, and corporate services, helping reduce commute frictions and aiding leasing stability. Nearby anchors include Performance Food Group, Dr Pepper Snapple Group, Prudential Financial, Public Service Enterprise Group, and Merck.
- Performance Food Group — distribution (3.1 miles)
- Dr Pepper Snapple Group — consumer beverages (6.8 miles)
- Prudential Financial — financial services (7.3 miles) — HQ
- Public Service Enterprise Group — utilities (7.3 miles) — HQ
- Merck — pharmaceuticals (7.8 miles) — HQ
Constructed in 1994 with 72 units, the property offers a relative age advantage versus much of the surrounding housing stock, which can improve competitiveness and reduce near-term obsolescence risk. Amenity density is a local strength, and elevated ownership costs in the neighborhood tend to sustain multifamily demand and retention. Neighborhood occupancy sits below national averages, so performance will hinge on execution: positioning the newer vintage, optimizing unit mix and finish levels, and leveraging proximity to employment.
Within a 3-mile radius, population and household counts have expanded and are projected to continue rising, increasing the renter pool and supporting absorption. Median incomes have also climbed, and median contract rents have trended higher; according to CRE market data from WDSuite, these dynamics point to continued demand with some affordability pressure, warranting disciplined rent-setting and renewal strategies.
- 1994 vintage offers competitive positioning versus older neighborhood stock; plan targeted system updates and cosmetic upgrades to sustain appeal.
- Dense amenity base (parks, groceries, dining) supports marketing, walkability value, and resident retention.
- 3-mile radius shows growing and higher-income households, expanding the tenant base and supporting absorption.
- Elevated ownership costs reinforce renter demand, aiding lease stability and pricing power over the cycle.
- Risks: below-average neighborhood occupancy and safety metrics; manage with competitive positioning, security measures, and conservative underwriting on concessions and retention.