| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 61st | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 248 Blauvelt Rd, Blauvelt, NY, 10913, US |
| Region / Metro | Blauvelt |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2014-07-02 |
| Transaction Price | $522,000 |
| Buyer | TEITELBAUM NOAM E |
| Seller | BATIM ONE LLC |
248 Blauvelt Rd Blauvelt NY Multifamily Investment
2011-built, 24-unit asset in a high-cost ownership market where stable neighborhood occupancy and strong incomes support renter demand, according to WDSuite s CRE market data. This location favors durable leasing fundamentals with an owner-leaning housing stock that can benefit quality rentals through scarcity, based on measured neighborhood indicators from WDSuite 19s commercial real estate analysis.
Blauvelt s suburban setting combines everyday conveniences with competitive fundamentals for a smaller Rockland County submarket. Neighborhood amenity access trends above national midpoints (grocers, pharmacies, and restaurants), and average school ratings test in the upper national quartile a mix that generally supports family-oriented renter demand and lease retention, based on CRE market data from WDSuite.
The property s 2011 vintage is materially newer than the neighborhood s older housing stock (average construction year skews mid-1960s). That relative youth can enhance competitive positioning versus legacy assets and may temper near-term capital needs, though investors should still plan for system upgrades and selective modernization over a long hold.
Ownership costs are elevated for the area (home values rank high nationally), which tends to reinforce reliance on rental housing and can sustain pricing power for well-run communities. Neighborhood occupancy trends post solid national percentiles, signaling a base of demand that has held up relative to broader comparisons, per WDSuite s CRE market data.
Within a 3-mile radius, demographic statistics indicate a shift toward smaller households over the next five years: population is projected to edge down while household counts rise, suggesting more, smaller households entering the market. For multifamily, this points to a larger tenant base spread across more units and supports occupancy stability for appropriately sized layouts and professionally managed product. Renter-occupied share remains smaller than owner-occupied in both the neighborhood and 3-mile area, which can limit depth but also means quality rentals face less direct competition and can capture demand from households seeking turnkey options.
Neighborhood-level crime metrics are not available in the provided WDSuite dataset for this location. Investors typically benchmark safety by comparing neighborhood trends to broader city and county indicators over time and by corroborating with multiple third-party sources before setting underwriting assumptions.
A diversified white-collar employment base within commuting range supports renter demand and retention, led by insurance, consumer goods, retail headquarters, medical technology, and IT services.
- Prudential Financial insurance offices (8.3 miles)
- PepsiCo consumer goods (8.9 miles)
- Ascena Retail Group apparel retail (10.6 miles) HQ
- Becton Dickinson medical technology (12.8 miles) HQ
- Cognizant Technology Solutions IT services (13.0 miles) HQ
This 24-unit property, built in 2011, offers a newer-vintage alternative in a suburban Rockland County neighborhood dominated by older stock and owner-occupied housing. Elevated ownership costs and solid neighborhood occupancy create a supportive backdrop for professionally managed rentals, while the asset s relative youth provides competitive positioning and potential to limit near-term capex, with targeted renovations as systems age.
Within a 3-mile radius, forward-looking demographics show fewer people but more households, implying smaller household sizes and a broader renter pool over time. Combined with strong local incomes and rent-to-income levels that suggest limited affordability pressure, this can aid retention and stabilize cash flows, according to CRE market data from WDSuite. Key risks include a thinner renter-occupied base and softening population in the immediate area, both of which warrant disciplined leasing and pricing strategies.
- Newer 2011 vintage versus older neighborhood stock competitive positioning and moderated near-term capex
- Elevated ownership costs support sustained renter reliance and pricing power for quality assets
- Solid neighborhood occupancy and amenity access underpin leasing stability
- Demographic shift toward more households in the 3-mile area expands the tenant base
- Risk: owner-leaning tenure and modest population softening may limit depth requires active leasing and renewals management