| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 32nd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Secora Rd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 1985 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20 Secora Rd Monsey Multifamily Investment Thesis
Renter-occupied concentration in the immediate neighborhood supports a durable tenant base and above-median occupancy, according to WDSuite’s CRE market data. The 114-unit scale offers operational efficiencies in a high-cost homeownership area of Rockland County.
Located in Monsey within the New York–Jersey City–White Plains metro, the neighborhood posts occupancy that is above the metro median and in the top quartile nationally for similar areas, based on CRE market data from WDSuite. A high share of renter-occupied housing units at the neighborhood level indicates depth in the tenant base, which can support leasing stability across cycles.
Local cost-to-own remains elevated relative to incomes (high national percentile for value-to-income), which typically sustains reliance on rental housing and can reinforce retention and pricing power for well-managed assets. At the same time, rent-to-income near the high-20s suggests affordability pressure is manageable compared with many urban submarkets, a positive for lease renewals.
Amenity access skews practical: strong density of grocery and childcare options ranks competitive among the 889 metro neighborhoods, while restaurants are plentiful; parks, pharmacies, and cafes are thinner. For investors, this mix points to day-to-day convenience that supports resident retention, with fewer lifestyle-driven amenities to differentiate the submarket.
Within a 3-mile radius, population and household counts have expanded over the last five years, and WDSuite’s projections point to additional increases in households through 2028. This trajectory implies a larger renter pool over time, supporting occupancy stability for appropriately positioned units.
The property’s 1985 vintage is newer than the neighborhood’s average stock from the late 1970s, offering relative competitiveness versus older assets. However, investors should still plan for system modernization and selective renovations to meet current renter expectations.
Comparable neighborhood-level crime metrics were not available in WDSuite for this location, so definitive safety benchmarking versus the 889 metro neighborhoods or national percentiles cannot be provided here. Investors should supplement this analysis with recent local law enforcement and municipal reports, focusing on multi-year trends rather than short-term fluctuations.
Nearby corporate employers provide diversified white-collar demand and commute convenience for residents, including Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys “R” Us. This concentration of offices within a roughly 6–14 mile radius can support leasing velocity and retention for workforce and professional tenants.
- Ascena Retail Group — apparel retail corporate offices (6.2 miles) — HQ
- Prudential Financial — financial services (9.2 miles)
- Becton Dickinson — medical technology corporate offices (9.9 miles) — HQ
- PepsiCo — food & beverage corporate offices (13.2 miles)
- Toys “R” Us — retail corporate offices (13.5 miles) — HQ
20 Secora Rd is a 114-unit asset in a neighborhood where renter-occupied housing is prevalent and occupancy trends sit above the metro median, supporting durable cash flow potential relative to many peer locations. Elevated ownership costs in the area bolster reliance on multifamily housing, while rent-to-income near the high-20s provides headroom for renewal strategies without overextending affordability. According to CRE market data from WDSuite, local amenities emphasize grocery, childcare, and dining density, aiding day-to-day livability that can sustain retention.
Constructed in 1985, the property is newer than the neighborhood average from the late 1970s, which can help competitive positioning versus older stock. Investors should plan for targeted system upgrades and selective unit renovations to capture value-add upside and align with current renter preferences.
- Above-median neighborhood occupancy and deep renter base support leasing stability
- High-cost ownership market reinforces sustained multifamily demand and retention
- 1985 vintage offers relative competitiveness with potential value-add via modernization
- Practical amenity mix (grocery/childcare/dining) supports day-to-day livability
- Risks: limited park/cafe presence and aging systems may require capital to meet renter expectations