| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 191 Blauvelt Rd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2010 |
| Units | 24 |
| Transaction Date | 2017-03-21 |
| Transaction Price | $475,000 |
| Buyer | BRAUN DAVID |
| Seller | 191 BLAUVELT LLC |
191 Blauvelt Rd, Monsey Multifamily Investment
Neighborhood occupancy trends sit in the low-90s with a renter-occupied base near half of units, according to WDSuite s CRE market data, pointing to steady leasing fundamentals for a 2010-vintage, 24-unit asset.
The surrounding neighborhood shows stable renter demand with renter-occupied units representing about 46% of the local housing stock, which supports a deeper tenant base for multifamily. Neighborhood occupancy is in the high-80s to low-90s range, suggesting continuity in lease-up and retention. Elevated home values (among the higher percentiles nationally) indicate a high-cost ownership market that can sustain reliance on rentals and support pricing power over time.
Amenity coverage is mixed. Grocery access is comparatively strong (top quartile nationally), while restaurants, cafes, parks, and pharmacies are limited within the immediate neighborhood. Investors should underwrite commute patterns and on-site offerings accordingly. The property s 2010 construction is slightly newer than the area s average vintage (2007), which can enhance competitive positioning versus older stock, though standard system updates may still be part of medium-term capital planning.
Within a 3-mile radius, demographics point to a growing renter pool: population increased by roughly 12% over the last five years, households grew by about 11%, and the renter share is just over half, indicating depth for multifamily absorption and supports occupancy stability. Median contract rents in the 3-mile area have been trending upward, and rent-to-income in the immediate neighborhood sits near one-quarter, which can moderate affordability pressure and aid retention. These trends align with what investors expect in markets where ownership costs are elevated. This perspective is grounded in WDSuite s multifamily property research.
Neighborhood-level offense statistics are not available in WDSuite for this area, so safety should be assessed through multiple sources and observed trends at the submarket and municipal levels. For underwriting, investors typically incorporate property security measures, site lighting, and local comparables rather than relying on block-level assumptions.
Proximity to regional employers supports renter demand and retention through commute convenience. Notable nearby corporate offices include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys 22R 22 Us.
- Ascena Retail Group — corporate offices (6.2 miles) — HQ
- Prudential Financial — financial services (10.2 miles)
- Becton Dickinson — medical technology (10.3 miles) — HQ
- Pepsico — food & beverage (13.8 miles)
- Toys "R" Us — retail (13.8 miles) — HQ
191 Blauvelt Rd offers investors a 2010-vintage, 24-unit footprint positioned in a high-cost ownership corridor, where elevated home values reinforce reliance on rental housing. Neighborhood occupancy trends in the low-90s and a renter-occupied share near half indicate depth for leasing and support for stable cash flow. Within a 3-mile radius, population and household growth over the past five years expand the tenant base and support ongoing absorption.
Slightly newer-than-average vintage for the area suggests competitive positioning versus older stock, while leaving room for selective upgrades to drive rent premiums and retention. Based on commercial real estate analysis from WDSuite, upward rent trajectory and a relatively moderate rent-to-income relationship provide a foundation for balanced pricing power, provided operators manage affordability and amenity limitations in the immediate neighborhood.
- High-cost ownership market strengthens reliance on rentals and supports pricing power
- 2010 vintage offers competitive positioning with potential for value-add upgrades
- 3-mile population and household growth expands the renter pool and supports occupancy stability
- Nearby corporate employers underpin demand and reduce commute friction for residents
- Risk: limited neighborhood amenities and potential affordability pressure require careful lease and CapEx management