| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Good |
| Demographics | 37th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Hasbrouck Dr, Garnerville, NY, 10923, US |
| Region / Metro | Garnerville |
| Year of Construction | 1980 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Hasbrouck Dr Garnerville Multifamily Investment
Neighborhood occupancy is exceptionally tight with strong renter demand, according to WDSuite’s CRE market data. Scale at 112 units positions the asset for operating efficiencies while focusing on retention over frequent turnover.
The property sits in an Inner Suburb of the New York–Jersey City–White Plains metro where neighborhood-level occupancy is at the top of the metro’s 889 neighborhoods, supporting a stability-focused thesis for multifamily investors. Median contract rents in the neighborhood are elevated relative to many U.S. areas, which pairs with a renter-occupied share in the high range to indicate a deep tenant base at the neighborhood level, not the property.
Local amenity access trends above national averages for groceries, pharmacies, and parks, while café density is thinner. This mix supports daily needs and recreation within a short drive, even if boutique food-and-beverage is more dispersed. Home values in the neighborhood are comparatively elevated for many households, which tends to sustain reliance on rentals and can support pricing power with prudent lease management.
Within a 3-mile radius, WDSuite’s data shows recent population was generally steady, with forecasts pointing to growth in both population and household counts over the next five years. For investors, that implies a gradually expanding renter pool, which can reinforce occupancy stability and broaden leasing pipelines. Household incomes in the 3-mile area skew higher than many U.S. locations, suggesting capacity to support mid-market rents with measured affordability pressure.
Vintage matters for positioning: the building was constructed in 1980, notably newer than the neighborhood’s older housing stock. That can provide a competitive edge versus pre-war product, while still warranting capital planning for systems modernization or selective value-add to meet today’s renter expectations. This is consistent with a cautious, asset-management-driven approach to commercial real estate analysis.
Comparable, metro-benchmarked safety metrics are not available for this specific neighborhood in the current dataset. Investors typically contextualize safety using multi-year municipal reports, insurer loss data, and on-the-ground property management feedback to understand trend direction and any block-to-block variation.
Given the absence of ranked indicators here, a standard underwriting step is to review recent police blotters, speak with neighboring operators, and assess visibility, lighting, and access control during site visits to align expectations with tenant retention goals.
Regional employment anchors within commuting distance help support renter demand and retention, led by corporate offices spanning food and beverage, apparel retail, technology, financial services, and medical technology.
- PepsiCo — food & beverage corporate offices (11.7 miles)
- Ascena Retail Group — apparel retail corporate offices (13.0 miles) — HQ
- IBM — technology corporate offices (15.3 miles) — HQ
- Prudential Financial — financial services corporate offices (16.4 miles)
- Becton Dickinson — medical technology corporate offices (17.2 miles) — HQ
This 112-unit asset benefits from a neighborhood with exceptionally tight occupancy and a high share of renter-occupied housing units, indicating depth of tenant demand at the neighborhood level. Within a 3-mile radius, WDSuite’s data points to forecast growth in both households and population, which supports leasing pipelines and occupancy stability over the medium term. According to CRE market data from WDSuite, rent levels and rent-to-income dynamics suggest manageable affordability pressure, favoring retention with disciplined renewal strategies.
Built in 1980, the property is newer than much of the surrounding housing stock, offering a competitive position versus older buildings while still warranting targeted system upgrades or interior refreshes for value-add. Elevated neighborhood home values relative to incomes reinforce reliance on rental housing, supporting pricing power when paired with amenity-light but serviceable local convenience (grocery, pharmacy, parks) and access to diversified regional employers.
- Neighborhood-level occupancy ranks at the top of the metro’s 889 neighborhoods, supporting a stability-focused thesis.
- High neighborhood renter-occupied share indicates a deep tenant base and demand resilience.
- 3-mile forecasts point to expanding households and population, broadening the renter pool and leasing funnel.
- 1980 vintage offers competitive positioning versus older stock with clear pathways for selective value-add.
- Risks: aging systems may require capex; amenity density is moderate; perform local safety diligence due to limited comparable indicators.