| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8 Edwin Ln, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8 Edwin Ln, Monsey NY Multifamily Investment
High renter concentration and a high-cost ownership landscape support durable demand, while neighborhood occupancy trends sit near the national median, according to WDSuite’s CRE market data.
Located in Rockland County’s Monsey, this asset benefits from neighborhood dynamics that favor rentals. The share of housing units that are renter-occupied is in the top quartile among 889 New York–Jersey City–White Plains metro neighborhoods, indicating depth in the tenant base and potential demand stability for multifamily.
Day-to-day convenience is supported by strong grocery and pharmacy access (both competitive at high national percentiles), even as fewer destination amenities are present nearby. For investors, that mix can sustain steady local trips while positioning the property for workforce housing demand rather than lifestyle-driven leasing.
Neighborhood occupancy is around the national median, which can support consistent cash flow through cycles when paired with disciplined operations, based on CRE market data from WDSuite. Median contract rents in the broader area have trended upward and are projected to continue rising, reinforcing income potential for well-managed assets.
Within a 3-mile radius, WDSuite data shows population growth alongside an increase in households, pointing to a larger tenant base over the next few years. Forecasts also indicate slightly smaller average household sizes, which can translate into additional demand for rental units and help support occupancy stability.
The property’s 1974 vintage is older than much of the surrounding stock (which skews newer), suggesting investors should plan for capital improvements and may find value-add upside through targeted renovations and systems upgrades to sharpen competitive positioning.
Home values in the neighborhood are elevated relative to incomes, characterizing a high-cost ownership market. This typically sustains renter reliance on multifamily housing, though elevated rent-to-income levels warrant active lease management to mitigate retention risk.
Safety indicators are mixed in context. Nationally, both property and violent offense measures track in the top quartile to top decile for safety, signaling comparatively favorable conditions versus many U.S. neighborhoods. Within the New York–Jersey City–White Plains metro, however, the neighborhood does not rank among the lowest-crime cohort of the 889 neighborhoods, so investors should underwrite to local block-by-block variation and monitor recent trend shifts.
As with any urban-core location, prudent measures such as lighting, access control, and coordination with local property management can help support resident experience and retention. Corroborate with current, property-level incident reports and consider time-of-day patterns when assessing on-the-ground conditions.
Nearby corporate nodes provide a diversified employment base that supports renter demand and commute convenience, including apparel retail headquarters, financial services, medical technology, food and beverage, and legacy retail operations.
- Ascena Retail Group — apparel retail (6.2 miles) — HQ
- Prudential Financial — financial services (9.8 miles)
- Becton Dickinson — medical technology (10.1 miles) — HQ
- Pepsico — food & beverage (13.5 miles)
- Toys "R" Us — retail (13.7 miles) — HQ
8 Edwin Ln offers exposure to a renter-driven pocket of Rockland County where a high-cost ownership market reinforces reliance on multifamily housing. Neighborhood occupancy trends are around the national median, and grocery/pharmacy access is strong by national standards, supporting everyday livability that can translate to leasing stability. According to CRE market data from WDSuite, the broader area has seen rising rents with forward momentum.
Investor focus points include the 1974 vintage—which implies capital planning and potential value-add upside—and a growing tenant base within a 3-mile radius as households expand and average household size edges lower. Balance these positives against elevated rent-to-income levels and mixed safety signals at the metro-comparison level, which call for attentive lease management and prudent on-site measures.
- Renter-occupied share sits in the top quartile among 889 metro neighborhoods, supporting depth of tenant demand.
- Occupancy trends near the national median, with rent growth momentum in the surrounding area.
- 1974 vintage presents value-add potential via targeted renovations and systems upgrades.
- 3-mile population and household growth support a larger renter pool and leasing stability.
- Risks: elevated rent-to-income levels and non-top-tier metro crime ranking require active lease and property management.