| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 32nd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Secora Rd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 1972 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Secora Rd, Monsey NY Multifamily Investment
High renter concentration and competitive neighborhood occupancy support stable multifamily demand, according to WDSuite’s CRE market data.
The property sits in Monsey within the New York–Jersey City–White Plains metro, where neighborhood fundamentals indicate resilient renter demand. Neighborhood occupancy is competitive among 889 metro neighborhoods and tracks in the top quartile nationally, signaling steady leasing conditions rather than lease-up volatility.
Renter-occupied share is high, indicating a deep tenant base for multifamily assets and supporting ongoing absorption and renewal potential. At the same time, the neighborhood s rent-to-income profile trends toward lower relative burden nationally, which can aid retention and reduce turnover risk for professionally managed properties.
Local amenities skew practical: restaurants and groceries index well versus national peers, and childcare density is strong. By contrast, cafes, parks, and pharmacies are comparatively limited on a per–square-mile basis, which investors should factor into positioning and resident experience programming.
Home values sit on the higher side relative to incomes in national comparisons, a pattern that tends to reinforce reliance on rental housing rather than ownership. For multifamily owners, this typically supports demand depth and pricing power, provided community quality and management standards are maintained.
Comparable crime metrics for this specific neighborhood are not available in the current WDSuite dataset. Investors commonly benchmark property-level exposure using broader municipal and county trend reports and on-the-ground observations to complement underwriting assumptions.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, notably in retail apparel, financial services, medical technology, beverages/CPG, and legacy retail headquarters.
- Ascena Retail Group corporate offices (6.2 miles) HQ
- Prudential Financial financial services (9.2 miles)
- Becton Dickinson medical technology (9.9 miles) HQ
- PepsiCo beverages & CPG (13.2 miles)
- Toys "R" Us corporate offices (13.5 miles) HQ
Built in 1972, this 100-unit asset is slightly older than the neighborhood s average vintage, pointing to potential value-add and capital planning opportunities that can sharpen competitive positioning against newer stock. According to CRE market data from WDSuite, the surrounding neighborhood shows competitive occupancy and a high share of renter-occupied housing, which together support leasing stability.
Within a 3-mile radius, population and household counts have grown with projections calling for further increases, suggesting a larger renter pool over the medium term. Elevated ownership costs relative to incomes in national comparisons tend to sustain reliance on rental housing, while neighborhood rent-to-income levels point to manageable affordability pressure that can support retention when paired with effective operations.
- Competitive neighborhood occupancy and high renter concentration support stable absorption and renewals.
- 1972 vintage offers value-add potential through targeted renovations and systems modernization.
- 3-mile radius shows growing population and households, indicating a larger tenant base over time.
- Elevated ownership costs versus incomes reinforce rental demand and can aid pricing power.
- Risks: older physical plant (capex needs) and limited nearby parks/cafes may require enhanced on-site amenities and resident programming.