| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 39th | Poor |
| Amenities | 61st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 171 Maple Ave, Haverstraw, NY, 10927, US |
| Region / Metro | Haverstraw |
| Year of Construction | 2011 |
| Units | 22 |
| Transaction Date | 2010-12-08 |
| Transaction Price | $765,000 |
| Buyer | LEIFER SHIA |
| Seller | CONGREGATION RIMZA DCHOCHMOSA INC |
171 Maple Ave, Haverstraw NY Multifamily Investment Opportunity
Newer 2011 construction in an Urban Core setting offers competitive positioning versus older neighborhood stock and taps into a deep renter base, according to WDSuite’s CRE market data from its commercial real estate analysis.
Located in Haverstraw within the New York–Jersey City–White Plains metro, the neighborhood is rated C and places above the metro median on several renter-demand indicators. Cafes and restaurants are dense (both in the 90th+ national percentiles), supporting daily convenience for residents, while grocery access also tracks strong nationally. Limited parks and pharmacies within the immediate neighborhood boundaries suggest residents rely on nearby areas for some services.
Multifamily rent levels in the neighborhood sit above national norms, and five‑year rent growth has been positive. The neighborhood’s occupancy is broadly stable, and the share of renter-occupied housing units is elevated (competitive among 889 metro neighborhoods), indicating a sizable tenant base and potential leasing depth. By contrast, within a 3‑mile radius, a higher owner share points to a broader submarket where owning is common, which can temper rent growth but also provide a steady inflow of renters who prefer professionally managed units.
The property’s 2011 vintage is materially newer than the neighborhood’s older housing stock (average year 1950), which can enhance leasing competitiveness versus nearby Class B/C assets. Newer construction typically reduces near‑term capital expenditure needs; however, investors should still plan for systems updates on a normal lifecycle and consider selective upgrades to support pricing power.
Within a 3‑mile radius, population has inched up recently and is projected to grow further over the next five years, with forecasts also pointing to more households and rising incomes. These trends expand the local renter pool and can support occupancy stability and absorption, based on CRE market data from WDSuite.
Relative to the metro’s 889 neighborhoods, the area ranks among the safer cohorts, landing above the metro average and in the top quartile nationally. Both property and violent offense rates have trended down year over year, reinforcing an improving safety backdrop without relying on block‑level assertions.
For investors, a safety profile that is competitive among New York–Jersey City–White Plains neighborhoods supports tenant retention and leasing velocity, though continued monitoring is prudent as conditions can change by micro‑area and over time.
Proximity to regional corporate anchors underpins commute convenience for renters, with a concentration in consumer goods, retail, technology, and financial services. The employers below help diversify the daytime workforce and support steady multifamily demand.
- PepsiCo — consumer goods (10.2 miles)
- Ascena Retail Group — retail apparel HQ (13.6 miles) — HQ
- IBM — technology & services (13.9 miles) — HQ
- Prudential Financial — financial services (16.3 miles)
- Mastercard — payments technology (17.6 miles) — HQ
171 Maple Ave offers a 2011-vintage, 22‑unit footprint in an Urban Core neighborhood where renter concentration is high and amenity density is strong by national standards. Newer construction positions the asset competitively against much older local stock while leaving room for targeted value‑add to kitchens, baths, and common areas as systems age into mid‑life. Elevated home values in the area reinforce reliance on rental housing, supporting depth of demand and lease retention.
Demographic data aggregated within a 3‑mile radius points to modest recent population growth with additional gains projected in both population and households, expanding the tenant base. Neighborhood rents trend above national norms and are projected to rise further, which can support revenue growth if managed alongside lease affordability and renewal strategies. According to CRE market data from WDSuite, neighborhood occupancy is broadly stable and the local safety profile has improved year over year, both supportive of long‑term hold assumptions.
- 2011 construction offers competitive positioning versus older neighborhood stock with manageable near‑term capex
- Dense amenities and proximity to major employers support leasing velocity and retention
- Expanding 3‑mile renter pool and rising incomes underpin demand and potential pricing power
- Neighborhood safety trends have improved, aiding long‑term stability
- Risks: affordability pressure requires disciplined lease management; limited parks/pharmacies and economic sensitivity in parts of the metro warrant monitoring