| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 41 Sunrise Dr, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2006 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
41 Sunrise Dr Monsey NY Multifamily Investment
Strong renter concentration in the surrounding neighborhood and steady occupancy suggest resilient tenant demand, according to WDSuite’s CRE market data. This asset’s positioning benefits from nearby daily-needs retail, while commercial real estate analysis indicates pricing power may hinge on effective affordability and lease management.
Located in Monsey within the New York–Jersey City–White Plains metro, the neighborhood skews Urban Core with an occupancy environment around the low-90s, placing it slightly above the national median for stability. A high share of housing units are renter-occupied (competitive nationally), which supports depth of the tenant base and ongoing leasing velocity for a 20-unit property.
Daily-needs access is a relative strength: grocery and pharmacy density score in the top quartile nationally, which helps with renter convenience and retention. By contrast, cafes, restaurants, parks, and childcare are limited locally, so lifestyle amenities may rely on nearby submarkets rather than immediate walkable options.
Within a 3-mile radius, population and household counts have expanded in recent years and are projected to continue growing, pointing to a larger tenant base and potential renter pool expansion. Median household incomes in the radius have trended higher, and rent levels are projected to rise as well; together these factors can sustain demand, but they also reinforce the need for disciplined rent-to-income oversight to protect retention.
Ownership costs are elevated for the neighborhood compared with national norms, which tends to reinforce reliance on multifamily rentals and supports lease-up and renewal prospects. School ratings track below national averages, so family-oriented leasing strategies may benefit from highlighting unit features and commute accessibility rather than school quality alone.
Neighborhood safety benchmarks are mixed but generally favorable in a broader context. Overall crime positioning is competitive among New York–Jersey City–White Plains neighborhoods (135 out of 889), and both violent and property offense indicators sit in the higher national percentiles for safety, suggesting comparatively lower incident levels than many U.S. neighborhoods. Recent year-over-year estimates indicate some upward movement in reported offenses, so prudent security, lighting, and property management practices remain advisable.
Nearby corporate offices underpin a diverse employment base and commuting options that help support renter demand and lease retention. Key employers within a commutable radius include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys “R” Us.
- Ascena Retail Group — corporate offices (6.5 miles) — HQ
- Prudential Financial — financial services (9.8 miles)
- Becton Dickinson — medical technology (10.4 miles) — HQ
- Pepsico — consumer goods (13.2 miles)
- Toys “R” Us — corporate offices (13.9 miles) — HQ
Built in 2006, the property is slightly older than the neighborhood’s predominantly late-2000s stock, creating potential for targeted value-add through common-area refreshes and system modernization while remaining competitive versus older assets. Elevated local home values and a high share of renter-occupied housing support a durable tenant base, and neighborhood occupancy near the national median suggests stable leasing conditions. According to CRE market data from WDSuite, daily-needs retail access is a relative strength for this location, while limited lifestyle amenities and below-average school ratings warrant a pragmatic marketing and amenity strategy.
Within a 3-mile radius, population and household growth—along with rising incomes and projected rent gains—point to ongoing renter demand and potential pricing power. Effective lease management and affordability monitoring are important given local rent-to-income pressures and recent upticks in estimated offense rates, which argue for disciplined underwriting and asset management.
- Renter concentration and elevated ownership costs reinforce multifamily demand and renewal potential
- 2006 vintage offers value-add upside via targeted renovations and system updates
- Daily-needs retail access (grocery, pharmacy) supports tenant convenience and retention
- 3-mile population and household growth expand the renter pool and support occupancy stability
- Risks: limited lifestyle amenities, below-average school ratings, affordability pressure, and recent offense-rate increases