| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14 Walter Dr, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2013 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14 Walter Dr Monsey Multifamily Investment Opportunity
Neighborhood indicators point to steady renter demand and generally stable occupancy at the neighborhood level, according to WDSuite’s CRE market data. Elevated ownership costs in Rockland County support multifamily positioning while the property’s 2013 vintage enhances competitive appeal versus older local stock.
Located in Monsey within the New York–Jersey City–White Plains metro, the surrounding neighborhood shows occupancy stability at the neighborhood level, with renter demand supported by a high share of renter-occupied units in the area (neighborhood statistic, not property-specific). Median contract rents for the neighborhood sit above many U.S. peers, which, paired with a high rent-to-income ratio, suggests the need for disciplined lease management to sustain retention.
Local livability is anchored by daily-needs retail: grocery and pharmacy access score well versus national norms, while cafes, restaurants, and parks are comparatively limited. School rating data in the immediate neighborhood trails national averages; investors may want to emphasize in-unit features and convenient access to daily services when positioning to families.
Home values in the neighborhood are elevated relative to national benchmarks, which tends to reinforce reliance on rental options and can support pricing power and lease-up consistency for well-positioned multifamily. In contrast, the neighborhood’s rent-to-income profile indicates affordability pressure for some renters, an operational consideration for renewals and modest increases.
Within a 3-mile radius, demographics show recent population and household growth with projections indicating further expansion and a modest shift toward smaller average household sizes. That trajectory points to a larger tenant base and continued renter pool expansion, which is constructive for occupancy and leasing velocity over the medium term, based on CRE market data from WDSuite.
Vintage context: Built in 2013, the property is newer than the neighborhood’s average construction year. This positioning can reduce near-term capital expenditure risk versus older stock while allowing targeted upgrades to drive rent premiums where feasible.
Safety signals are mixed when viewed across geographies. At the metro scale, the neighborhood’s crime rank indicates weaker standing compared to many New York–Jersey City–White Plains neighborhoods (rank reported against 889 total), suggesting investors should underwrite prudent security measures. Nationally, however, WDSuite’s indicators place the area around the middle of U.S. neighborhoods overall, with specific property and violent offense measures benchmarking in stronger national percentiles, implying comparatively safer conditions versus many communities nationwide.
Recent one-year trend estimates show upticks in both property and violent offense measures, which warrants monitoring during due diligence and in ongoing asset management. Framing this in leasing terms, thoughtful resident screening, exterior lighting, and coordination with local community resources can help sustain retention and reputation.
The employment base nearby mixes corporate offices and headquarters that help support renter demand through commute convenience. Key employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys “R” Us.
- Ascena Retail Group — corporate offices (6.3 miles) — HQ
- Prudential Financial — corporate offices (9.8 miles)
- Becton Dickinson — corporate offices (10.2 miles) — HQ
- Pepsico — corporate offices (13.4 miles)
- Toys "R" Us — corporate offices (13.7 miles) — HQ
14 Walter Dr is a 40-unit asset built in 2013, positioned in a neighborhood where renter-occupied housing is prevalent and occupancy has been steady at the neighborhood level. Elevated ownership costs locally underpin rental reliance, while recent and projected growth in the 3-mile radius expands the tenant base and supports leasing stability. According to CRE market data from WDSuite, grocery and pharmacy access is strong versus national peers, though lifestyle amenities are thinner, favoring a value proposition centered on convenience and in-unit quality.
The 2013 vintage offers relative competitiveness versus older area stock, limiting near-term capital exposure and creating optionality for targeted value-add. Key underwriting considerations include the neighborhood’s higher rent-to-income profile and mixed safety signals at the metro rank level, balanced by stronger national benchmarking on specific offense indicators.
- Newer 2013 vintage enhances competitive positioning and can moderate near-term capex versus older neighborhood stock.
- Renter concentration and steady neighborhood occupancy support demand depth and lease retention.
- Elevated ownership costs reinforce reliance on multifamily, aiding pricing power for well-operated assets.
- Expanding 3-mile population and households point to a growing renter pool and leasing velocity.
- Risks: higher rent-to-income pressures, thin lifestyle amenities, and mixed safety signals at the metro rank level warrant prudent management.