| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19 Lenore Ave, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2011 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19 Lenore Ave, Monsey NY Multifamily Investment
Neighborhood occupancy remains resilient with a deep renter base, suggesting steady leasing potential according to WDSuite’s CRE market data. Positioned in a high-cost ownership area, the asset can serve households relying on multifamily options for proximity and price certainty.
Livability is shaped by strong renter demand and solid occupancy at the neighborhood level, with the area tracking above national norms for occupied housing. The neighborhood s renter-occupied share is in the top quartile among 889 metro neighborhoods, indicating a sizable tenant pool and potential for leasing stability and retention. According to CRE market data from WDSuite, neighborhood occupancy measures above the metro median, supporting consistency for mid-sized assets.
Local amenity density is limited (restaurants, cafes, groceries, parks), which may shift residents daily needs to nearby nodes; however, childcare access rates competitive nationally provide family-oriented support. For investors, thinner retail and food options near the asset can be offset by operational focus on convenience and on-site services that aid retention.
Home values in the neighborhood are elevated relative to national benchmarks. In high-cost ownership markets, renters often stay longer in professionally managed communities, which can bolster pricing power and reduce turnover volatility when managed with disciplined renewals and service quality.
Within a 3-mile radius, population and household counts have increased and are projected to continue growing, expanding the tenant base. Forecasts also indicate a modest reduction in average household size, which can translate to more households seeking rental units and support for occupancy stability over the medium term.
Based on WDSuite s data, the neighborhood s overall safety profile trends above national averages (around the 62nd percentile nationally), which is supportive for renter demand and retention relative to many urban sub-areas. Violent-offense indicators are stronger than most U.S. neighborhoods (top quartile nationally), though recent year-over-year trends show some upward movement that investors should monitor through ongoing leasing and security planning.
Proximity to regional corporate offices supports commute convenience and a diversified renter base tied to retail, financial services, medical technology, food and beverage, and consumer retail. The employers below are representative drivers of nearby white- and blue-collar demand.
- Ascena Retail Group — retail apparel (6.3 miles) — HQ
- Prudential Financial — financial services (10.0 miles)
- Becton Dickinson — medical technology (10.3 miles) — HQ
- PepsiCo — food & beverage (13.5 miles)
- Toys "R" Us — consumer retail (13.8 miles) — HQ
Built in 2011, the property is newer than the neighborhood s typical vintage, offering competitive positioning versus older stock while still allowing targeted modernization to enhance yield. The surrounding neighborhood shows above-median occupancy and a renter-occupied share in the top quartile among 889 metro neighborhoods, indicating a deep tenant base and potential for durable cash flow. Elevated for-sale home values in the area tend to reinforce reliance on multifamily housing, supporting lease retention and pricing discipline.
Within a 3-mile radius, recent population and household growth, along with projected increases, point to a larger tenant base over the next few years; this supports occupancy stability when paired with measured rent setting and renewals. According to WDSuite s commercial real estate analysis, rent-to-income levels suggest some affordability pressure in the neighborhood, underscoring the importance of prudent lease management and value-focused amenity programming.
- 2011 construction offers competitive positioning versus older local stock with selective value-add potential
- Above-median neighborhood occupancy and top-quartile renter concentration support demand depth
- High-cost ownership market reinforces renter reliance, aiding lease retention and pricing power
- 3-mile radius shows population and household growth, expanding the tenant base and supporting stability
- Risks: limited nearby amenities and emerging safety uptick require active operations and retention strategy