| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Fair |
| Demographics | 29th | Poor |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 140 Route 9W, Haverstraw, NY, 10927, US |
| Region / Metro | Haverstraw |
| Year of Construction | 2001 |
| Units | 90 |
| Transaction Date | 2024-12-30 |
| Transaction Price | $8,176,637 |
| Buyer | HAVERSTRAW PLACE ENTERPRISES LLC |
| Seller | HAVERSTRAW PLACE AIA LLC |
140 Route 9W, Haverstraw NY Multifamily Investment
Neighborhood-level occupancy is strong relative to the metro, suggesting stable renter demand, according to WDSuite’s CRE market data. This location offers steady workforce access in Rockland County with fundamentals that support consistent leasing even as the broader market normalizes.
The property sits in Haverstraw’s inner-suburban context within the New York–Jersey City–White Plains metro. Neighborhood occupancy trends are a relative bright spot: the area ranks 190 out of 889 metro neighborhoods and sits in the top quartile nationally, indicating competitive performance versus regional peers. These are neighborhood-level figures and not specific to the property, but they point to generally tight leasing conditions that can support stability.
Local amenity access skews toward daily-needs services. Childcare and pharmacies are comparatively well represented for the area, and grocery options track solidly against national norms, while parks and cafes are thinner. For investors, this mix supports day-to-day convenience for residents, with fewer discretionary-destination amenities nearby.
The area’s housing stock is older on average (1958) relative to a 2001-vintage asset. That vintage positioning can be a competitive advantage against legacy product, while still warranting standard capital planning for systems and common-area refresh to maintain leasing velocity.
Tenure patterns point to a primarily owner-occupied neighborhood, with a renter-occupied share below half both locally and within the 3-mile radius. In practical terms, this suggests a thinner but durable tenant base; depth of demand is supported by metro-wide commuting patterns and elevated ownership costs in the region, which tend to reinforce reliance on multifamily rentals. Within a 3-mile radius, recent population and household counts have been flat to slightly lower, but forward-looking estimates indicate growth in both measures, implying a larger tenant base over time and supporting occupancy stability.
Neighborhood-level safety data for this location is not available in WDSuite’s current release. Without a comparable rank or national percentile, investors should benchmark municipal and county trend reports to understand how local conditions compare with the broader New York–Jersey City–White Plains region. Avoid relying on block-level anecdotes; evaluate multi-year trends to contextualize risk.
Proximity to established corporate employers underpins commuter access and supports leasing stability at workforce price points. Key nearby employers include PepsiCo, Ascena Retail Group, IBM, Prudential Financial, and Becton Dickinson.
- PepsiCo — consumer packaged goods offices (11.1 miles)
- Ascena Retail Group — retail apparel HQ (13.2 miles) — HQ
- IBM — technology & services (14.8 miles) — HQ
- Prudential Financial — financial services (16.3 miles)
- Becton Dickinson — medical technology (17.3 miles) — HQ
Built in 2001, this 90-unit asset offers a more modern profile than much of the surrounding housing stock, positioning it well against older comparables while leaving room for targeted upgrades to sustain competitiveness. Neighborhood-level occupancy trends rank favorably within the metro and are in the top quartile nationally, suggesting support for stable leasing and pricing discipline. Elevated home values in the area reinforce renter reliance on multifamily housing, while 3-mile projections indicate growth in population and households, pointing to a gradually expanding tenant base over the medium term.
According to CRE market data from WDSuite, the neighborhood’s renter concentration is lower than urban cores, which can temper demand depth but often pairs with steady household incomes and commute-driven housing decisions. Capital plans should prioritize building systems and cosmetic updates typical for early-2000s product to maintain occupancy and retention.
- 2001 vintage competes well versus older local stock, with targeted upgrades supporting leasing velocity
- Neighborhood-level occupancy trends are competitive in the metro and top quartile nationally, supporting stability
- Elevated ownership costs in the area reinforce sustained renter demand and pricing power
- 3-mile outlook shows growth in population and households, expanding the renter pool over time
- Risks: thinner renter-occupied share locally and limited destination amenities may moderate absorption in softer cycles