| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 39th | Poor |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 31 Slaight St, Staten Island, NY, 10302, US |
| Region / Metro | Staten Island |
| Year of Construction | 1997 |
| Units | 44 |
| Transaction Date | 1998-03-10 |
| Transaction Price | $540,000 |
| Buyer | NICHOLAS MANOR APTS L P |
| Seller | NICHOLAS MANOR ASSOCIATES L P |
31 Slaight St Staten Island Multifamily Investment
Elevated home values and a sizable renter-occupied base support steady leasing fundamentals in this Urban Core pocket of Staten Island, according to WDSuite’s CRE market data for the area.
Livability is mixed but investable for workforce renters. Neighborhood amenities rank above the metro median (rank 429 of 889), with strong day-to-day convenience from groceries and pharmacies that sit in the top decile nationally, while restaurants are in the top quartile nationwide. Park and cafe density is limited, so lifestyle appeal leans practical rather than destination-driven.
The property’s 1997 vintage is newer than the neighborhood’s older housing stock (average construction year 1946; rank 647 of 889), supporting competitive positioning versus legacy buildings. Investors should still underwrite routine modernization for systems and common areas to sustain leasing velocity.
Tenure patterns indicate a meaningful renter-occupied share. The neighborhood’s renter concentration is 38.4% (78th percentile nationally), which points to a deeper tenant base and supports multifamily demand. Neighborhood occupancy is 88.5%, a mid-to-high level that suggests ongoing leasing stability with normal turnover management.
Within a 3-mile radius, demographics show recent population and household growth, with forecasts indicating further renter pool expansion through 2028. Household sizes are expected to edge lower, a trend that can favor smaller-format units and sustain demand for rental options. Elevated home values (89th percentile nationally) in a high-cost ownership market reinforce renter reliance on multifamily housing, while a rent-to-income ratio around 0.26 suggests manageable affordability pressure that can aid retention and reduce delinquency risk.
School ratings sit below national medians, and neighborhood ratings overall are mid-pack (C; rank 663 of 889). For investors, the trade-off is clear: strong everyday retail access and renter depth versus modest school quality and limited parks/cafes. This balance aligns with workforce-oriented demand rather than premium, lifestyle-driven positioning.
Safety indicators require prudent underwriting. The neighborhood’s crime profile trends below national safety percentiles, and its overall rank sits near the metro middle, indicating conditions that are not top-tier among New York–Jersey City–White Plains neighborhoods. Violent incidents have declined year over year (67th percentile nationally for improvement), while property offenses increased over the last year, underscoring mixed momentum.
For investors, this calls for practical measures: well-lit common areas, access control, and partnership with experienced operators. Positioning should emphasize convenience to employment centers and everyday retail while acknowledging that safety trends are improving in some categories but remain a watch item relative to national benchmarks.
Proximity to diversified employers supports a broad workforce renter base and reduces commute friction. Nearby anchors include food distribution, consumer beverages, and several large corporate HQs that can underpin leasing stability.
- Performance Food Group — food distribution (2.8 miles)
- Dr Pepper Snapple Group — beverages (7.0 miles)
- Prudential Financial — financial services (7.0 miles) — HQ
- Public Service Enterprise Group — utilities (7.1 miles) — HQ
- Merck — pharmaceuticals (7.5 miles) — HQ
31 Slaight St offers a 44‑unit footprint with compact average unit sizes, aligning with workforce renters seeking value in a high-cost ownership market. The 1997 construction is newer than much of the immediate housing stock, helping the asset compete against older comparables while leaving room for targeted upgrades. According to CRE market data from WDSuite, the neighborhood shows an 88.5% occupancy level and a renter-occupied share near two-fifths, supporting depth of demand.
Within 3 miles, population and household counts have grown and are projected to continue increasing, expanding the tenant base; smaller expected household sizes can favor studios and one-bedrooms. Elevated home values support rental reliance and potential lease retention, while a rent-to-income ratio around 0.26 points to manageable affordability pressure for operators focused on collections and renewals.
- Newer 1997 vintage versus older neighborhood stock, aiding competitive positioning with selective value-add potential
- High-cost ownership market reinforces rental demand and potential lease retention
- Neighborhood occupancy around 88.5% with a sizable renter-occupied share supports demand stability
- 3-mile demographics indicate ongoing renter pool expansion, benefiting smaller-format units
- Risk: Safety metrics lag national benchmarks; underwrite for security, operations, and marketing focus