| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 21st | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 252 Blauvelt Rd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2012 |
| Units | 22 |
| Transaction Date | 2019-03-28 |
| Transaction Price | $503,000 |
| Buyer | FRIEDMAN LEIB |
| Seller | ORLIANSKY SHLOMO |
252 Blauvelt Rd, Monsey NY Multifamily Investment
Neighborhood fundamentals point to steady renter demand and low-90s occupancy at the neighborhood level, according to WDSuite’s CRE market data. Newer construction for the submarket supports competitive positioning while high ownership costs nearby tend to sustain reliance on rentals.
Built in 2012, the property is newer than the neighborhood’s average construction year (2007). For investors, this typically translates into stronger competitiveness versus older local stock and potentially lower near-term capital needs, while still planning for normal systems modernization over the hold period.
The surrounding neighborhood shows renter-occupied housing at roughly half of units (46.5%), indicating a meaningful renter concentration that supports a deeper tenant base. Neighborhood occupancy trends sit in the low 90s, suggesting generally stable leasing conditions rather than late-cycle softness. Median contract rents in the area track above national norms, reinforcing revenue potential when paired with appropriate lease management.
Local amenities are mixed. Grocery access is a relative strength (around the 90th percentile nationally), while cafes, restaurants, parks, and pharmacies are limited within the immediate neighborhood. This dynamic points to daily convenience for essentials but fewer lifestyle options in walking distance, which can influence unit mix desirability and parking needs.
On broader livability and demand indicators, the neighborhood’s housing metrics rank highly (top quartile nationally; rank 18 out of 889 metro neighborhoods), while demographics score lower versus national peers. Within a 3-mile radius, population and household counts have expanded over the last five years and are projected to continue growing, indicating a larger tenant base ahead. Rising median incomes in the same radius support rent growth potential, while a rent-to-income ratio near 0.25 implies manageable affordability pressure with standard renewal strategies. Home values in the neighborhood are elevated versus national levels, a high-cost ownership backdrop that tends to reinforce multifamily demand and lease retention.
Comparable neighborhood safety metrics are not available in WDSuite for this location at this time. Investors commonly benchmark against city and county trend reports, insurer loss data, and property-level incident histories to contextualize risk relative to nearby New York–Jersey City–White Plains submarkets.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, led by retail apparel, financial services, medical technology, and consumer goods employers listed below.
- Ascena Retail Group — retail apparel corporate offices (6.2 miles) — HQ
- Prudential Financial — financial services (10.2 miles)
- Becton Dickinson — medical technology (10.3 miles) — HQ
- PepsiCo — beverages and snacks (13.7 miles)
- Toys "R" Us — retail corporate offices (13.8 miles) — HQ
252 Blauvelt Rd offers 22 units delivered in 2012, positioning it newer than the neighborhood average and competitive versus older local inventory. The neighborhood shows a meaningful renter-occupied share and low-90s occupancy, aligning with steady leasing conditions. Within a 3-mile radius, recent and projected gains in population and households point to a growing tenant base, while elevated for-sale home values in the neighborhood support renter reliance on multifamily housing. According to commercial real estate analysis from WDSuite, neighborhood rents benchmark above national levels, underscoring revenue potential when balanced against retention and affordability considerations.
Forward-looking demand drivers include continued renter pool expansion and strong grocery access, offset by fewer lifestyle amenities in immediate proximity. Investors should account for standard modernization over the hold, monitor affordability pressure (rent-to-income around one-quarter), and underwrite to commute preferences given limited walkable dining and services in the immediate area.
- 2012 vintage supports competitive positioning versus older stock; plan for routine systems modernization
- Renter concentration and low-90s neighborhood occupancy support leasing stability
- Elevated neighborhood home values reinforce rental demand and renewal potential
- 3-mile radius population and household growth expand the tenant base
- Risks: fewer nearby lifestyle amenities; manage affordability and retention through thoughtful rent setting