| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 49 Ashel Ln, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 1980 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
49 Ashel Ln, Monsey Multifamily Value-Add Opportunity
Neighborhood occupancy is solid and renter demand is deep at this Monsey address, based on commercial real estate analysis from WDSuite. That backdrop supports leasing durability while capital plans address the property’s 1980 vintage.
The neighborhood posts a 94.6% occupancy rate and a high share of renter-occupied housing at 77.8%, indicating a broad tenant base and supportive leasing conditions for multifamily. Elevated home values in Rockland County tend to reinforce reliance on rentals, which can aid retention and disciplined pricing for well-managed assets.
Local housing stock trends newer (average construction year 2001), making the property’s 1980 vintage comparatively older. That age gap points to straightforward value-add potential—from unit interiors to building systems—while informing near-term and recurring capital planning to compete with newer product.
Within a 3-mile radius, both population and household counts have been growing and are projected to expand further, supporting a larger tenant base over time. Household sizes remain above typical U.S. norms locally, and rising incomes help underpin occupancy stability and measured rent steps with prudent lease management.
Although immediate retail and café density is limited, the broader New York–Jersey City–White Plains corridor provides access to employment and services. These dynamics align with multifamily property research patterns observed in comparable New York metro neighborhoods, according to WDSuite’s CRE market data.
Relative safety compares favorably in the metro context: the neighborhood ranks 74th out of 889 for overall crime, placing it in the top quartile among New York–Jersey City–White Plains neighborhoods. Nationally, overall conditions align around the 62nd percentile for safety, with violent offense levels benchmarking near the 88th percentile—indicating comparatively safer conditions than many U.S. neighborhoods.
Trendlines are mixed: despite favorable levels, some year-over-year indicators show a recent increase in violent incidents. Investors should monitor trends and emphasize standard on-site measures such as lighting, access control, and resident engagement.
Regional employers across apparel retail, financial services, medical technology, food & beverage, and retail headquarters support commute convenience and a diversified renter base for workforce housing.
- Ascena Retail Group — apparel retail (6.4 miles) — HQ
- Prudential Financial — financial services (10.2 miles)
- Becton Dickinson — medical technology (10.4 miles) — HQ
- PepsiCo — food & beverage (13.5 miles)
- Toys "R" Us — retail (13.9 miles) — HQ
This 40-unit property’s 1980 construction is older than nearby stock, creating clear value-add levers while the neighborhood’s renter concentration and 94.6% occupancy support leasing stability. Elevated ownership costs in Rockland County further sustain rental demand, and 3-mile demographic growth expands the prospective tenant base, aiding retention and measured rent advancement.
According to CRE market data from WDSuite, the area’s renter-occupied share is high and occupancy trends sit above many national benchmarks, helping to buffer volatility through cycles. Execution should prioritize targeted renovations, expense control, and lease management calibrated to rent-to-income dynamics, with attention to evolving safety trendlines and the amenity-light immediate block.
- High renter concentration and solid neighborhood occupancy support stable leasing
- 1980 vintage offers value-add potential via interiors and building systems
- Elevated ownership costs reinforce rental demand and tenant retention
- Growing 3-mile population and households expand the renter pool over time
- Risks: amenity-light immediate area, rent-to-income pressure, and mixed safety trendlines