| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 192 Blauvelt Rd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2012 |
| Units | 23 |
| Transaction Date | 2008-04-30 |
| Transaction Price | $650,000 |
| Buyer | 817 WEST END CO LLC |
| Seller | LENZKY MOSES |
192 Blauvelt Rd Monsey Multifamily Investment
Neighborhood-level occupancy is steady and the local ownership market is high-cost, supporting renter demand, according to WDSuite s CRE market data. Focus centers on durable demand drivers rather than short-term volatility.
The property sits within Rockland County s Urban Core, where neighborhood occupancy is reported at 92.6% and the area ranks above the national midpoint for occupancy, based on CRE market data from WDSuite. Renter-occupied share in the neighborhood is 46.5%, indicating a meaningful renter base that can support multifamily leasing and renewal activity over time.
Within a 3-mile radius, population and household counts have expanded, with further growth projected, pointing to a larger tenant base and continued renter pool expansion. Median contract rents in the 3-mile area have risen while remaining tethered to incomes, which can help balance pricing power with retention. Elevated home values in the immediate neighborhood among the higher percentiles nationally create a high-cost ownership market, which tends to sustain reliance on rental housing and supports lease-up stability.
Amenity access is mixed: grocery availability scores strong compared with national peers, while restaurants, cafes, parks, and pharmacies are limited within the neighborhood boundary. For investors, this combination suggests day-to-day convenience for essentials with fewer discretionary options in close proximity, which can be offset by broader metro access. School rating data at the neighborhood level was not published in this dataset, so investors may wish to underwrite using district and property-specific information.
The average construction year in the neighborhood trends toward the late 2000s, and this asset s 2012 vintage is newer than that benchmark. Newer stock typically competes well against older alternatives, though investors should still plan for mid-life system updates and targeted common-area refreshes as part of a standard capital program.
Comparable, neighborhood-level crime ranks and national safety percentiles were not published in this release for the subject area. Investors commonly benchmark safety using broader metro and municipal trend data and on-the-ground diligence to understand patterns over time rather than drawing conclusions from a single snapshot.
Given the absence of a neighborhood crime rank, a prudent approach is to combine third-party datasets with local law enforcement trend reports and property-level incident histories to calibrate leasing assumptions and operating practices.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience, including Ascena Retail Group, Prudential Financial, Becton Dickinson, Pepsico, and Toys "R" Us.
- Ascena Retail Group corporate offices (6.2 miles) HQ
- Prudential Financial financial services offices (10.1 miles)
- Becton Dickinson medical technology offices (10.2 miles) HQ
- Pepsico consumer goods offices (13.7 miles)
- Toys "R" Us retail corporate offices (13.7 miles) HQ
192 Blauvelt Rd offers exposure to a high-cost ownership environment that reinforces renter reliance on multifamily housing. Neighborhood occupancy sits above the national midpoint, and within a 3-mile radius both population and households have grown with additional gains projected favorable for a stable tenant base and retention. According to CRE market data from WDSuite, home values in the subject neighborhood benchmark high nationally, a context that can support leasing resilience.
Built in 2012, the asset is newer than the neighborhood s late-2000s average, helping competitive positioning versus older comparables while still warranting routine mid-life capital planning. Amenity access is anchored by strong grocery presence, though limited parks and dining within the neighborhood should be considered in underwriting, especially for marketing and retention strategies.
- High-cost ownership market supports sustained rental demand and lease-up stability.
- Neighborhood occupancy above national midpoint with a meaningful renter-occupied base.
- 2012 vintage offers competitive positioning versus older stock; plan for mid-life system updates.
- 3-mile population and household growth expands the tenant pipeline, aiding retention.
- Risks: limited neighborhood dining/park options and below-median neighborhood ratings warrant thoughtful marketing and management.