| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Sunrise Dr, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 1996 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13 Sunrise Dr Monsey NY Multifamily Investment
Neighborhood renter demand appears resilient, with a high share of renter-occupied housing and occupancy in the area holding near typical levels, according to WDSuite’s CRE market data. This supports stable leasing fundamentals while positioning renovations to capture steady tenant interest.
Located in Monsey within the New York–Jersey City–White Plains corridor, the property sits in a neighborhood rated D and ranked 848 out of 889 metro neighborhoods, indicating conditions below the metro median. Even so, the submarket demonstrates steady renter activity: neighborhood occupancy is reported at roughly typical levels, and renter-occupied housing accounts for a large share of units, which deepens the tenant base for multifamily investors (figures reflect neighborhood metrics, not the property).
Amenity access is mixed. Grocery and pharmacy density score well versus national peers (both in high national percentiles), while cafés, restaurants, and park density are limited. For investors, the essentials-oriented retail mix supports daily needs, but limited dining and park options may reduce lifestyle appeal relative to amenity-rich urban cores.
Housing costs skew toward a high-cost ownership market, with home values ranked in the upper national percentiles. That context generally reinforces reliance on rental options and can support pricing power, yet it also requires thoughtful lease management where rent-to-income ratios run high at the neighborhood level. Median asking rents in the area remain elevated for the region, underscoring the importance of focusing on retention and renewals rather than aggressive turnover.
Within a 3-mile radius, demographics point to population growth and an increase in households, with projections indicating continued renter pool expansion over the next five years. This supports occupancy stability and sustained leasing velocity, based on CRE market data from WDSuite.
Vintage and competitive positioning: Built in 1996, the property is older than the neighborhood’s average construction year (2008). Investors should underwrite selective capital improvements and modernization to stay competitive against newer stock, with potential value-add upside through unit and common-area enhancements.
Safety indicators are mixed when viewed comparatively. Overall crime levels benchmark near the national midpoint, while several offense-specific measures—particularly property and violent incident rates—score in higher national percentiles, indicating comparatively favorable conditions versus many U.S. neighborhoods. At the metro level, the neighborhood’s crime rank places it among stronger-performing areas in New York–Jersey City–White Plains.
Recent year-over-year changes show an uptick in estimated offense rates, suggesting volatility to monitor rather than a definitive trend. Investors may wish to track multi-year trajectories and property-level security practices as part of ongoing asset management.
The area draws on a diverse employment base that supports renter demand and commute convenience, led by apparel retail, financial services, medical technology, food and beverage, and legacy retail headquarters within typical driving distances.
- Ascena Retail Group — apparel retail HQ (6.4 miles) — HQ
- Prudential Financial — financial services (9.8 miles)
- Becton Dickinson — medical technology (10.3 miles) — HQ
- Pepsico — food & beverage (13.3 miles)
- Toys "R" Us — retail (13.8 miles) — HQ
13 Sunrise Dr offers exposure to a renter-heavy neighborhood where occupancy trends are steady and the local ownership market is high-cost, supporting sustained reliance on multifamily rentals. Within a 3-mile radius, both recent and projected increases in households point to a larger tenant base and durable leasing demand. Built in 1996, the asset is older than nearby stock on average, creating a straightforward value-add pathway through modernization to remain competitive with newer properties.
According to CRE market data from WDSuite, neighborhood rents sit at elevated levels for the region while rent-to-income signals call for measured rent setting and a focus on renewals. Essentials-oriented retail (notably grocery and pharmacy access) adds day-to-day convenience, even as limited dining and park density temper lifestyle appeal—factors to weigh in underwriting and amenity programming.
- Renter-heavy neighborhood supports a deep tenant base and steady occupancy at the neighborhood level.
- High-cost ownership market sustains rental reliance, supporting pricing power with prudent lease management.
- 1996 vintage presents clear value-add potential via unit upgrades and common-area improvements.
- 3-mile household growth and projected renter pool expansion underpin long-run demand.
- Risks: neighborhood affordability pressure and limited dining/park density; monitor offense-rate volatility over time.