| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Maple Ter, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2009 |
| Units | 25 |
| Transaction Date | 2005-07-20 |
| Transaction Price | $700,000 |
| Buyer | BERGER BENJAMIN |
| Seller | FIVE MAPLE APARTMENTS LLC |
5 Maple Ter Monsey NY Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability, according to WDSuite’s CRE market data, with elevated ownership costs in Rockland County reinforcing reliance on multifamily housing.
The property sits within Monsey’s Urban Core, where daily-needs retail access is a relative strength. Grocery and pharmacy density benchmark in the top quartile nationally, while cafes, restaurants, and park space are limited within the immediate neighborhood. For residents, this mix supports convenience for essentials, with broader lifestyle and dining options accessed elsewhere in the New York–Jersey City–White Plains metro.
Renter demand is supported by a high neighborhood renter-occupied share of housing units (roughly two-thirds), indicating a deep tenant base for multifamily. Neighborhood occupancy trends are near the national middle, which typically supports lease stability for well-managed assets. Elevated home values relative to national norms suggest a high-cost ownership market, which can sustain rental demand and reduce near-term move-outs to ownership.
Within a 3-mile radius, demographics show population growth and an expanding household base in recent years, with forecasts indicating further gains by 2028. Modestly smaller projected household sizes point to more households relative to population, which can expand the renter pool and support occupancy and leasing velocity. Median and mean household incomes in the 3-mile area have risen, improving the depth of qualified renters even as rent levels trend higher.
Against metro and national benchmarks, housing quality indicators score in the top quartile nationally, while overall neighborhood ratings are lower, reflecting the mixed amenity profile and local socioeconomics. For investors, the takeaway is a workhorse location: strong day-to-day retail access, deep renter concentration, and metro-scale connectivity balanced by limited nightlife/park amenities and the need for disciplined leasing and resident experience management.
Safety indicators present a mixed picture. Overall, the neighborhood benchmarks around the national middle for crime, while recent year-over-year changes show upticks that warrant monitoring. At the same time, offense-rate benchmarks compare favorably to many U.S. neighborhoods, placing property and violent offense rates in stronger national percentiles. Investors should frame risk in comparative terms: competitive nationally, with some recent volatility to track within the New York–Jersey City–White Plains metro’s 889-neighborhood landscape.
Nearby corporate offices underpin commuter demand and support leasing, with proximity to Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us offering diverse white-collar employment within practical driving distance.
- Ascena Retail Group — corporate offices (6.3 miles) — HQ
- Prudential Financial — financial services (9.9 miles)
- Becton Dickinson — medical technology (10.3 miles) — HQ
- Pepsico — consumer packaged goods (13.4 miles)
- Toys "R" Us — corporate offices (13.8 miles) — HQ
This 25-unit Monsey asset benefits from durable renter demand drivers: a high local share of renter-occupied housing units, elevated ownership costs that sustain reliance on rentals, and 3-mile demographic trends pointing to population growth and more households. Daily-needs retail access is a relative strength, while neighborhood occupancy sits near the national middle—supportive of steady leasing in line with the metro’s broader patterns, based on CRE market data from WDSuite.
Key considerations for underwriting include affordability pressure management and resident retention, given high ownership values and rising regional rents, plus a pragmatic view on neighborhood amenities and safety trends. With disciplined operations and targeted resident services, the location’s commuter access to multiple corporate employers can reinforce occupancy stability and limit downtime between turns.
- Deep renter base and steady neighborhood occupancy support leasing stability
- Elevated ownership costs reinforce long-term rental demand and pricing power
- 3-mile population and household growth expand the tenant pool and support absorption
- Proximity to diversified employers underpins commute convenience and retention
- Risks: affordability pressures, limited lifestyle amenities, and recent safety trend volatility