| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 29th | Poor |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Kimberly Ln, Staten Island, NY, 10304, US |
| Region / Metro | Staten Island |
| Year of Construction | 1998 |
| Units | 108 |
| Transaction Date | 2010-12-22 |
| Transaction Price | $5,575,550 |
| Buyer | TOMPKINS COURT APTS L P |
| Seller | TOMPKINS COURT ASSOCIATES LLC |
30 Kimberly Ln Staten Island Multifamily Investment
Newer 1998 construction and a high share of renter-occupied housing in the surrounding neighborhood point to durable tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends are softer, so performance will hinge on operations and positioning.
Located in Staten Island’s Urban Core, the property benefits from strong daily-needs access: restaurants, cafes, groceries, and pharmacies score in the top quartile nationally, supporting renter convenience and leasing appeal (based on CRE market data from WDSuite). Average school ratings in the area trend below national norms, which may temper family-driven demand, but the amenity mix helps sustain day-to-day livability.
Neighborhood occupancy is measured at the neighborhood level and currently trails national medians, indicating competition for tenants; however, the area’s share of housing units that are renter-occupied is elevated, signaling a deep renter base that can support leasing velocity when pricing and product quality are aligned.
Within a 3-mile radius, population and households have grown in recent years and are projected to expand further, pointing to a larger tenant base over time. Steady increases in household incomes in this radius also support rent collections and renewal potential, while a slight shift toward smaller household sizes can increase demand for smaller formats.
Ownership costs in the immediate neighborhood rank high nationally, with home values well above U.S. norms. This high-cost ownership market typically sustains reliance on rental housing, reinforcing retention and pricing power for well-managed multifamily assets—particularly properties that offer convenience and functional layouts.
Safety indicators for the neighborhood compare below national averages, with violent and property offense rates placing in lower national percentiles. That said, recent year-over-year trends show declines in both categories, suggesting conditions have been improving compared with the prior year. Investors should underwrite security measures and resident experience accordingly, while noting the downward trajectory.
Proximity to regional employers supports renter demand through commute convenience and diversified job bases. Notable nearby employers include Dr Pepper Snapple Group, Performance Food Group, Robert Half International, S&P Global, and Guardian Life Insurance Company of America.
- Dr Pepper Snapple Group — beverages (5.3 miles)
- Performance Food Group — food distribution (6.2 miles)
- Robert Half International — staffing & recruiting (6.8 miles)
- S&P Global — financial intelligence (6.9 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (6.9 miles) — HQ
Built in 1998 with 108 units, the asset is newer than much of the neighborhood’s older housing stock, offering relative competitiveness versus prewar properties. This positioning supports occupancy when paired with targeted upgrades, while the area’s high renter-occupied share signals depth in the tenant pool. According to CRE market data from WDSuite, neighborhood occupancy trends are softer, so returns will be driven by execution on operations, renovations, and value-focused amenities.
Local fundamentals provide additional support: strong access to food, pharmacy, and cafe amenities; high-cost ownership dynamics that sustain demand for rentals; and a growing 3-mile resident base that expands the renter pool. Key watch items include below-average neighborhood safety metrics and modest school ratings, which call for prudent underwriting and resident-experience strategies.
- 1998 vintage offers competitive positioning versus older neighborhood stock, with selective modernization potential
- Elevated share of renter-occupied units supports a deep tenant base and leasing stability
- Amenity-rich Urban Core location enhances day-to-day livability and retention
- High ownership costs in the area reinforce reliance on rental housing and pricing power
- Risks: below-average neighborhood safety and softer occupancy require conservative underwriting and active management