| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 74th | Good |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 908 Clove Rd, Staten Island, NY, 10301, US |
| Region / Metro | Staten Island |
| Year of Construction | 2009 |
| Units | 25 |
| Transaction Date | 2016-02-10 |
| Transaction Price | $2,000,000 |
| Buyer | TOMAR MANAGEMENT LLC |
| Seller | FLATLANDS 3706 REAL ESTATE LLC |
908 Clove Rd Staten Island Multifamily Investment
Newer 2009 vintage in an inner-suburban pocket with high neighborhood occupancy supports durable cash flow potential, according to WDSuite s CRE market data. The area s renter demand is reinforced by elevated ownership costs and steady household growth nearby.
This inner-suburb location in Staten Island shows stable fundamentals for multifamily. Neighborhood occupancy trends are in the top quartile nationally and competitive among the New York Jersey City White Plains metro s 889 neighborhoods, indicating a favorable backdrop for lease retention and pricing discipline based on CRE market data from WDSuite.
Livability is supported by strong park access (top tier nationally) and good pharmacy coverage, while restaurants are present at levels above many U.S. neighborhoods. School quality in the area trends slightly above national averages, which can aid family-oriented renter retention. Day-to-day retail and caf e9 density are thinner, so residents may rely on a broader trade area for some conveniences.
Within a 3-mile radius, demographic indicators point to a larger tenant base over time, with population and household counts projected to increase. The share of housing units that are renter-occupied in this 3-mile area is substantial, providing depth for leasing and backfilling. Elevated home values relative to incomes in the neighborhood context suggest a high-cost ownership market, which typically sustains multifamily demand and supports occupancy stability.
The property s 2009 construction is newer than much of the surrounding housing stock (which skews mid-20th century), offering competitive positioning versus older buildings. Investors should still underwrite routine modernization over the hold period, but the relative vintage advantage can reduce near-term capital intensity and improve leasing appeal.
Safety indicators are mixed but trending positively. Neighborhood crime overall sits slightly better than the U.S. average by national percentile comparison. Violent and property offense rates benchmark below national safety percentiles, yet year-over-year estimates show notable declines, signaling improvement momentum rather than deterioration. As with any urban-adjacent location, underwriting should account for block-to-block variation, with emphasis on well-lit access, onsite security practices, and unit hardening where appropriate.
Proximity to diversified corporate offices supports a commuter-friendly renter base and helps underpin leasing stability. Key nearby employers include Performance Food Group, Dr Pepper Snapple Group, Robert Half, S&P Global, and Guardian Life.
- Performance Food Group d food distribution (4.5 miles)
- Dr Pepper Snapple Group d beverages (6.4 miles)
- Robert Half International d staffing services (7.7 miles)
- S&P Global d financial information (7.8 miles) d HQ
- Guardian Life Ins. Co. of America d insurance (7.8 miles) d HQ
908 Clove Rd offers a 2009-vintage, 25-unit footprint positioned against strong neighborhood occupancy and a renter base supported by a high-cost ownership landscape. According to CRE market data from WDSuite, the neighborhood s occupancy performance sits in the top quartile nationally and is competitive within the metro, a favorable setup for maintaining leased status and managing turnover. The asset s newer construction relative to nearby mid-century stock can enhance leasing appeal while moderating early hold-period capital needs.
Within a 3-mile radius, population and household growth are expected to expand the renter pool, while rent levels in the neighborhood context track high relative to U.S. markets without indicating extreme rent-to-income pressure. Amenity depth is adequate for daily needs when paired with strong park access, though some retail categories are sparser and should be considered in marketing and retention planning.
- High neighborhood occupancy with competitive metro standing supports leasing stability
- 2009 vintage outcompetes older local stock; potential to capture renters seeking modern features
- 3-mile population and household growth expand the tenant base and backfill capacity
- Elevated ownership costs in the area reinforce reliance on rental housing
- Risks: thinner nearby retail/caf e9 options and mixed safety benchmarks; plan for amenity partnerships and smart security protocols