| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14 Ralph Blvd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2008 |
| Units | 24 |
| Transaction Date | 2008-07-03 |
| Transaction Price | $519,000 |
| Buyer | ROSENBERGER ISAAC |
| Seller | FELDMAN TRUST |
14 Ralph Blvd Monsey — 24-Unit 2008 Multifamily
High renter concentration and above-average neighborhood occupancy point to durable leasing fundamentals, according to WDSuite’s CRE market data.
Located in Monsey within the New York–Jersey City–White Plains metro, the property benefits from a renter-occupied share that is high for the neighborhood (77.8% of housing units), indicating a deep tenant base for multifamily demand. Neighborhood occupancy is solid and has improved over recent years, supporting lease stability relative to broader national patterns.
The 2008 construction vintage is newer than the neighborhood’s average 2001 stock, offering competitive positioning versus older buildings. Investors should still plan for mid-life system upgrades and targeted modernization to sustain performance and capture value-add upside.
Amenities immediately within the neighborhood are limited (food, grocery, and parks are sparse), but childcare density is comparatively strong. Housing indicators benchmark in the top quartile nationally, while amenity access trends below the metro median; underwriting should reflect this trade-off between everyday convenience and housing stability.
Within a 3-mile radius, demographics from WDSuite show multi-year population and household growth, with forecasts calling for further increases alongside a slight reduction in average household size. For investors, this implies a larger renter pool and more households over time, which can support occupancy and absorption even as unit mix and pricing strategies may need to account for larger family households.
Elevated home values in the neighborhood relative to incomes (high value-to-income ratios and above-national-percentile home prices) tend to reinforce reliance on rental housing. Rent levels benchmark above national medians, while rent-to-income ratios suggest some affordability pressure; effective lease management and measured renewal strategies can balance pricing power with retention during commercial real estate analysis.
Safety indicators compare favorably at the national level, with overall crime measures above the U.S. average. Property offense rates are among the strongest nationally, and violent offense metrics align with top-quartile performance versus neighborhoods nationwide.
Recent movement is mixed: property offenses have eased year over year, while violent offenses show a near-term uptick. A conservative underwriting posture is prudent—monitor trendlines and benchmark against the New York–Jersey City–White Plains metro for context. Rankings are measured against 889 metro neighborhoods; national percentiles compare performance to neighborhoods across the U.S.
Nearby corporate hubs support renter demand through diverse white-collar employment and manageable commutes, including Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — corporate offices (6.5 miles) — HQ
- Prudential Financial — financial services (10.4 miles)
- Becton Dickinson — medical technology (10.5 miles) — HQ
- PepsiCo — consumer beverages & snacks (13.6 miles)
- Toys "R" Us — retail corporate offices (14.1 miles) — HQ
This 24-unit, 2008-vintage asset offers a relatively newer option versus the neighborhood’s early-2000s stock, helping it compete for tenants as systems and finishes in older buildings age. A high share of renter-occupied housing and above-average neighborhood occupancy provide a foundation for leasing stability, while 3-mile demographics point to ongoing population and household growth—expanding the tenant base over time. Elevated ownership costs in the area further sustain reliance on rental housing.
According to CRE market data from WDSuite, neighborhood rent benchmarks sit above national medians, so performance should emphasize thoughtful pricing and renewals to manage affordability pressure while protecting retention. Amenity access within the immediate neighborhood is limited, but proximity to regional employers broadens the demand catchment; investors can underwrite to steady demand with prudent allowances for operating expenses and mid-life capital planning.
- 2008 vintage relative to local stock supports competitive positioning with targeted value-add potential
- High renter-occupied share and solid neighborhood occupancy underpin demand depth and lease stability
- 3-mile growth in population and households expands the renter pool and supports absorption
- Elevated ownership costs reinforce rental demand, aiding retention strategies
- Risks: limited nearby amenities and affordability pressure; maintain conservative renewals and monitor safety trendlines