| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Francis Pl, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2003 |
| Units | 25 |
| Transaction Date | 2004-09-08 |
| Transaction Price | $500,000 |
| Buyer | SILBER MEYER |
| Seller | GREENFELD JOEL |
25 Francis Pl, Monsey NY Multifamily Investment
Neighborhood occupancy has held in the mid-90s with a very high share of renter-occupied housing, supporting depth of demand; according to CRE market data from WDSuite, this submarket shows stable renter dynamics relative to broader national trends.
Livability is driven more by household services than retail concentration. Neighborhood data indicates limited density of cafes, grocery, restaurants, and parks, while childcare access is comparatively strong for the area. For investors, this mix suggests family-oriented demand patterns and commuting for shopping and dining rather than immediate walkable retail.
Occupancy in the neighborhood is competitive nationally (around the upper third by percentile), and the share of housing units that are renter-occupied is among the highest in the metro, reinforcing a sizable tenant base and potential leasing stability. Note that these figures describe the neighborhood context, not this specific property.
Within a 3-mile radius, demographics show population and household growth over the past five years with projections for continued expansion by 2028, pointing to a larger tenant base ahead. Household sizes are currently larger than typical U.S. markets, with forecasts indicating gradual normalization—useful for planning unit mix positioning and common-area programming.
Home values in the neighborhood sit at elevated levels for the U.S., which, together with rising median incomes in the 3-mile area, tends to sustain renter reliance on multifamily housing. This backdrop can aid retention and pricing power, but lease management should account for affordability pressure where rent-to-income ratios are higher than national medians.
Neighborhood-level safety indicators compare favorably in the region and against national benchmarks, using WDSuite data at the neighborhood scale rather than block-by-block. Overall crime ranks better than the median among 889 metro neighborhoods, translating to modestly safer-than-average conditions nationally.
Property crime measures place the neighborhood among the safest nationally (top tier), and violent crime sits in the national top decile for safety. Recent year trends show some volatility in violent offense measures, so investors may wish to monitor trajectory alongside standard onsite security and lighting practices.
Proximity to regional corporate offices supports renter demand via commute convenience and diversified employment, including roles in retail, healthcare manufacturing, consumer goods, and financial services. The employers below reflect the nearby base most relevant to workforce housing and professional tenants.
- Ascena Retail Group — retail apparel HQ (6.6 miles) — HQ
- Prudential Financial — financial services (10.3 miles)
- Becton Dickinson — medical technology HQ (10.6 miles) — HQ
- PepsiCo — consumer goods (13.4 miles)
- Toys "R" Us — retail HQ (14.1 miles) — HQ
This 25-unit, 2003-vintage asset benefits from a neighborhood with high renter concentration and occupancy levels that have remained resilient relative to national patterns. Elevated ownership costs in the area tend to sustain rental demand, while 3-mile population and household growth point to a larger renter pool over the next several years. According to CRE market data from WDSuite, these dynamics are consistent with occupancy stability typical of similar suburban New York neighborhoods.
The early-2000s vintage can be competitively positioned versus older local stock while still planning for mid-life capital items and selective value-add upgrades. Affordability pressure in parts of the renter base suggests attention to lease management and renewal strategies, but the combination of strong renter-occupied share and corporate employment access supports long-term fundamentals.
- High renter-occupied share in the neighborhood supports depth of tenant demand and leasing stability.
- Occupancy trends track above national midpoints, aiding revenue consistency through cycles.
- 2003 vintage offers mid-life asset positioning with potential value-add through modernization.
- Elevated home values in the area reinforce renter reliance on multifamily housing, supporting retention.
- Risks: limited nearby retail amenities and renter affordability pressure require focused lease and expense management.