| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9 Maple Ter, Monsey, NY, 10952, US |
| Region / Metro | Monsey |
| Year of Construction | 2009 |
| Units | 22 |
| Transaction Date | 2017-05-17 |
| Transaction Price | $650,000 |
| Buyer | HAGER NAFTALI |
| Seller | BAIS NEEMON ANN LLC |
9 Maple Ter Monsey NY Multifamily Investment
Neighborhood occupancy is in the low-90s with a high share of renter-occupied units, supporting durable leasing fundamentals according to WDSuite’s CRE market data. Elevated ownership costs in Rockland County further sustain renter reliance on multifamily housing.
Located in Monsey’s Urban Core, the property benefits from solid neighborhood occupancy around the low-90% range (neighborhood metric, not property-level), which supports income stability through normal cycles. A high renter-occupied share (roughly two-thirds of units in the neighborhood) points to a deep tenant base and steady demand for multifamily product.
Local amenity access skews practical: grocery and pharmacy density are strong compared to many neighborhoods nationwide, while cafes, restaurants, and parks are less prevalent. For investors, this mix favors day-to-day convenience for households and can support retention even without destination retail nearby.
Within a 3-mile radius, demographics show recent population and household growth with further expansion projected over the next five years, indicating a larger tenant pool ahead. Projections also suggest slightly smaller average household sizes, which can translate into more renter households and support occupancy stability. Median contract rents in the area have been rising, and are projected to continue growing, reinforcing revenue potential with disciplined lease management.
Home values in the neighborhood are elevated relative to national benchmarks, which typically sustains rental demand and supports pricing power for well-operated assets. Median household incomes in the 3-mile radius have grown meaningfully, which can help offset affordability pressure and support collections, though careful rent-to-income monitoring remains prudent.
Safety indicators are mixed and should be interpreted comparatively rather than at the block level. The neighborhood’s overall crime standing sits near the national middle, but specific metrics compare favorably: property and violent offense rates benchmark in the upper percentiles nationally (safer relative to many neighborhoods). That said, one-year changes indicate some volatility, so investors should review recent trendlines and consider standard security measures appropriate for Urban Core locations in the New York–Jersey City–White Plains metro.
Proximity to established corporate offices underpins commuter demand and supports renter retention. Notable employers within a manageable drive include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys “R” Us.
- Ascena Retail Group — corporate offices (6.3 miles) — HQ
- Prudential Financial — corporate offices (9.9 miles)
- Becton Dickinson — corporate offices (10.3 miles) — HQ
- PepsiCo — corporate offices (13.4 miles)
- Toys “R” Us — corporate offices (13.8 miles) — HQ
Built in 2009, this 22-unit asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while keeping capital plans focused on targeted modernization rather than full-scale repositioning. Strong neighborhood occupancy and a high renter-occupied share indicate depth in the tenant pool, and elevated home values in Rockland County tend to reinforce sustained rental demand.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, pointing to ongoing renter pool expansion and support for occupancy stability. Rents in the area have trended upward, and, according to CRE market data from WDSuite, neighborhood fundamentals compare favorably on practical amenities like grocery access that aid day-to-day livability and lease retention. Key watch items include affordability pressure and amenity depth beyond daily needs, both manageable with prudent leasing and unit upgrade strategies.
- 2009 vintage offers competitive positioning with selective value-add potential
- Neighborhood occupancy in the low-90% range supports income stability (neighborhood metric)
- High renter-occupied share signals a deep tenant base for multifamily demand
- Elevated home values sustain renter reliance and pricing power for quality assets
- Risks: rent-to-income pressure and limited lifestyle amenities; address via measured rent growth and targeted upgrades