| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 71st | Good |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 187 Blauvelt Rd, Nanuet, NY, 10954, US |
| Region / Metro | Nanuet |
| Year of Construction | 2010 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
187 Blauvelt Rd Nanuet 40-Unit Suburban Multifamily
Area occupancy is strong and local incomes support stable renter demand, according to WDSuite’s CRE market data, suggesting durable performance for well-managed assets in this Rockland County location.
Situated in suburban Nanuet within the New York-Jersey City-White Plains, NY-NJ metro, the neighborhood posts an occupancy rate that is competitive among 889 metro neighborhoods and in the top decile nationally. That backdrop supports leasing stability for a 40-unit asset, with pricing strategy informed by rents that are also competitive among metro peers and trend in the higher national percentiles.
Construction across the immediate area skews older (average vintage 1976), while this property’s 2010 build date positions it as newer than much of the local stock—an advantage for renter appeal and near-term capital planning, while still warranting prudent reserves for systems and common-area refresh over a hold period.
Neighborhood tenure data indicate a renter-occupied share in the upper 30s, pointing to a meaningful multifamily renter base and depth for lease-up and renewals. Within a 3-mile radius, demographics show a large household base with recent population growth and high median incomes, expanding the pool of qualified renters and supporting occupancy stability over time.
Local livability drivers are mixed but serviceable for workforce households: restaurants, cafes, and childcare options score in higher national percentiles, and average school ratings are competitive among 889 metro neighborhoods. Park and pharmacy density is limited within the immediate neighborhood, so residents may rely on nearby submarkets for some services—an operational note for positioning and amenities.
Home values in the area are elevated by national standards. For investors, a high-cost ownership market can reinforce reliance on multifamily housing, supporting retention and pricing power when paired with rent-to-income ratios that remain manageable for the neighborhood.
Neighborhood-level crime metrics were not available in WDSuite for this location at the time of analysis. Investors typically benchmark property performance against county and metro trends, review multi-year patterns, and align onsite measures (access control, lighting, and tenant screening) with lender and insurer expectations.
Given the suburban context within the New York-Jersey City-White Plains, NY-NJ region, a comparative review versus peer neighborhoods and municipal reporting can help set underwriting assumptions and inform operating practices without relying on block-level claims.
The employment base features nearby corporate offices across finance, retail apparel, consumer products, and medical technology—supports commuter convenience and a diversified renter pool for workforce-oriented multifamily. Key nodes include Prudential Financial, Ascena Retail Group, PepsiCo, Becton Dickinson, and Sealed Air.
- Prudential Financial — finance (8.3 miles)
- Ascena Retail Group — retail apparel (8.8 miles) — HQ
- PepsiCo — consumer products (10.4 miles)
- Becton Dickinson — medical technology (11.5 miles) — HQ
- Sealed Air — packaging (14.1 miles) — HQ
Built in 2010 with 40 units, 187 Blauvelt Rd competes favorably against an older local inventory, helping support renter appeal while moderating near-term capital needs. The neighborhood posts occupancy levels that are competitive within the New York-Jersey City-White Plains metro and strong nationally; paired with elevated home values, this underpins a durable tenant base that tends to favor quality multifamily options for convenience and value.
Rents track on the higher side relative to national benchmarks, but neighborhood rent-to-income ratios and high household incomes indicate room for prudent pricing without overextending residents. According to CRE market data from WDSuite, local amenities (food, cafes, childcare) and competitive school ratings support livability, while limited park and pharmacy density calls for thoughtful onsite offerings and resident services.
- Newer 2010 vintage versus older area stock supports competitiveness and moderated near-term CapEx.
- Occupancy trends competitive in the metro and strong nationally bolster leasing stability.
- High-cost ownership environment helps sustain multifamily demand and retention.
- Amenity and school fundamentals support positioning for working households and families.
- Risk: Limited nearby parks/pharmacies and above-median rents require attentive amenity programming and lease management.