| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8 Ralph Blvd, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2012 |
| Units | 26 |
| Transaction Date | 2010-03-09 |
| Transaction Price | $300,000 |
| Buyer | THOMAS KLEIN LIMITED PARTNERSHIP |
| Seller | DEUTSCH DAVID |
8 Ralph Blvd, Monsey NY Multifamily Investment
Neighborhood occupancy is solid and trending upward, supporting renter demand for a 2012-vintage asset, according to CRE market data from WDSuite.
The property sits in Monsey within the New York–Jersey City–White Plains metro, where the neighborhood shows durable renter demand and above-average occupancy. Neighborhood occupancy has risen over the last five years and remains elevated, which can help support leasing stability through cycles (based on WDSuite s CRE market data). Renter-occupied unit concentration is among the highest in the metro (ranked 59 out of 889 neighborhoods), indicating depth in the tenant base for multifamily.
Construction year is 2012, newer than the neighborhood average vintage (2001). Newer stock can compete well against older product on unit finishes and systems, though investors should still plan for mid-life replacements and selective modernization to maintain positioning.
Within a 3-mile radius, population and households have grown meaningfully in recent years, with further gains projected through 2028. A larger local household count supports a broader renter pool, while a slight trend toward smaller average household sizes over the forecast period can add incremental demand for multifamily units.
Ownership costs in the neighborhood are elevated relative to many U.S. areas (home values are high by national comparison). In practice, this often sustains reliance on rental housing and can aid pricing power and retention for well-maintained properties. At the same time, rent-to-income levels suggest some affordability pressure, warranting disciplined lease management to balance occupancy and rent growth.
Local everyday amenities are limited within the immediate neighborhood by national comparison, though childcare access is a relative bright spot. For investors, this mix points to stable housing fundamentals driven more by household formation and tenure dynamics than by retail density.
Safety indicators compare favorably at the national level for this neighborhood. Property offenses are low relative to neighborhoods nationwide (near the top national percentile for safety), and violent offense rates benchmark in a strong national percentile as well. Within the New York Jersey City White Plains metro, overall crime conditions are better than many areas, reflecting a comparatively resilient profile.
Recent trends show some year-over-year volatility in violent offenses, so investors should monitor updated local reporting and property-level security practices as part of underwriting and asset management. Interpreting these metrics at the neighborhood scale helps frame risk contextually rather than at the block level.
The area benefits from access to a diverse white-collar employment base that supports commuter demand and leasing stability, including Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group corporate offices (6.4 miles) HQ
- Prudential Financial financial services (10.4 miles)
- Becton Dickinson medical technology (10.5 miles) HQ
- PepsiCo consumer goods (13.6 miles)
- Toys "R" Us retail corporate offices (14.0 miles) HQ
8 Ralph Blvd offers a 2012-vintage, 26-unit multifamily asset positioned in a renter-heavy neighborhood where occupancy has trended upward. Elevated home values in the surrounding area reinforce reliance on rental housing, while demographic growth within a 3-mile radius expands the local tenant base. According to CRE market data from WDSuite, neighborhood occupancy remains strong and renter concentration is among the highest in the metro, supporting demand durability for well-managed properties.
The newer construction relative to local averages provides competitive positioning against older stock, though investors should underwrite mid-cycle capital needs and watch affordability pressure signaled by rent-to-income metrics. Limited immediate retail amenities suggest the value proposition rests on housing fundamentals and access to regional employment nodes rather than lifestyle retail density.
- Renter-heavy neighborhood with strong, rising occupancy supports leasing stability
- 2012 construction competes well versus older local stock, with clear mid-life capex planning
- High ownership costs in the area underpin sustained multifamily demand and retention
- Expanding 3-mile household base points to a larger tenant pool over the medium term
- Risks: affordability pressure and limited nearby retail require disciplined pricing and amenity strategy