| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Maple Leaf Rd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2008 |
| Units | 24 |
| Transaction Date | 2016-05-27 |
| Transaction Price | $215,000 |
| Buyer | FUCHS ROBERT |
| Seller | MERMELSTEIN AVROHOM |
13 Maple Leaf Rd Monsey Multifamily Investment
Neighborhood renter concentration is high and occupancy trends are steady, supporting durable leasing in Monsey, according to WDSuite’s CRE market data. Elevated ownership costs in Rockland County further sustain demand for rental housing.
Monsey’s Urban Core setting offers daily-life convenience more than lifestyle dining. Grocery and pharmacy access are strengths (both competitive at the national level), while parks, restaurants, and cafés are limited locally. For investors, this mix tends to favor stable, needs-based renter demand over discretionary amenity appeal.
The neighborhood’s renter-occupied share is high, indicating depth in the tenant base and supporting leasing resilience for multifamily assets. Neighborhood occupancy is near the national middle but stable, which can help underpin cash flow predictability through cycles.
Within a 3-mile radius, population and households have expanded in recent years, and forecasts point to continued growth alongside rising household incomes and contract rents. This trajectory suggests a larger tenant base and supports occupancy stability and pricing power for well-managed properties.
Ownership costs are elevated relative to many U.S. neighborhoods, which tends to reinforce renter reliance on multifamily housing and can aid lease retention. At the same time, rent-to-income levels signal potential affordability pressure, so operators should emphasize lease management and renewal strategies that balance rent growth with retention.
School ratings data are limited in the immediate neighborhood; investors should underwrite based on asset-level positioning and target renter profiles rather than assuming school-driven demand. Overall, the submarket dynamic is needs-oriented with solid fundamentals and selective upside via operational execution.
Safety indicators for the neighborhood are mixed in context. Nationally, several measures trend in the better half and some read in the top quartile, suggesting comparative strength versus many neighborhoods across the country. Within the New York–Jersey City–White Plains metro, however, the area does not rank among the top performers out of 889 neighborhoods, so prudent underwriting should reflect varied block-to-block conditions and focus on asset-specific security and lighting.
Nearby employers provide a diversified white-collar employment base that supports renter demand and commute convenience, including Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys “R” Us.
- Ascena Retail Group — retail apparel (6.1 miles) — HQ
- Prudential Financial — financial services (9.7 miles)
- Becton Dickinson — medical technology (10.0 miles) — HQ
- PepsiCo — food & beverage (13.5 miles)
- Toys “R” Us — retail (13.6 miles) — HQ
This 24-unit asset benefits from a high renter-occupied share in the neighborhood, steady occupancy, and a needs-based amenity profile anchored by strong grocery and pharmacy access. Elevated home values in Rockland County reinforce renter reliance on multifamily housing, while 3-mile radius demographics show population and household growth that expands the tenant base. According to CRE market data from WDSuite, neighborhood rents sit on the higher side nationally, supporting revenue potential for well-positioned properties.
Key considerations include measured amenity trade-offs (limited parks and dining) and affordability pressure evidenced by rent-to-income levels, which argues for disciplined lease management to sustain retention. Overall, fundamentals point to durable demand with operational upside for investors focused on resident experience and expense control.
- High renter concentration supports depth of demand and leasing stability.
- Grocery and pharmacy access favor needs-based tenancy and steady foot traffic.
- 3-mile population and household growth expand the tenant base and support occupancy.
- Risk: Affordability pressure and limited lifestyle amenities require disciplined renewal and pricing strategy.