| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Poor |
| Demographics | 68th | Good |
| Amenities | 52nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Main St, Nanuet, NY, 10954, US |
| Region / Metro | Nanuet |
| Year of Construction | 2005 |
| Units | 26 |
| Transaction Date | 2005-05-25 |
| Transaction Price | $250,000 |
| Buyer | YOUNGBLOOD HSNG DEVELOPMENT FUND CO INC |
| Seller | BERNADETTE PROPERTIES LLC |
201 Main St, Nanuet NY Multifamily Opportunity
Workforce-oriented units in a high-ownership suburban pocket of Rockland County, with occupancy stability at the neighborhood level according to WDSuite s CRE market data.
Nanuet s suburban setting combines strong neighborhood occupancy and solid household incomes with access to daily needs. Neighborhood occupancy is 96.4% and sits in the top quartile nationally, indicating durable renter demand relative to many U.S. submarkets based on CRE market data from WDSuite. The local renter concentration is lower within the neighborhood (share of units renter-occupied), but the surrounding 3-mile area supports a broader renter base.
Amenities skew practical: restaurants per square mile are competitive at an 85th national percentile, grocery access trends around the 70th percentile, and parks near the 76th percentile. Average school ratings track in the top quartile nationally (84th percentile), which can aid resident retention for family renters. Caf e9 and pharmacy densities are lighter, consistent with a lower-intensity suburban corridor.
Home values in the neighborhood are elevated versus national norms, which typically sustains reliance on rental housing and supports pricing power. Median contract rents have risen over the last five years at the neighborhood level, while neighborhood rent-to-income sits favorably, suggesting manageable affordability pressure for lease management.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue rising through 2028, pointing to a larger tenant base over time. For investors, this combination of above-average occupancy, steady demand drivers, and growing households underpins a straightforward multifamily property research thesis focused on retention and measured rent growth.
Comparable, block-level crime statistics are not available for this neighborhood in WDSuite s current release. Investors typically benchmark safety using regional context and on-the-ground diligence, evaluating visibility, lighting, access control, and property management practices alongside municipal trend data where available.
The employment base spans retail, finance, consumer goods, medical technology, and packaging within a commutable radius, supporting renter demand and lease retention through diverse white-collar jobs. Nearby anchors include Ascena Retail Group, Prudential Financial, PepsiCo, Becton Dickinson, and Sealed Air.
- Ascena Retail Group corporate offices (8.3 miles) HQ
- Prudential Financial finance (8.7 miles)
- Pepsico consumer goods (10.8 miles)
- Becton Dickinson medical technology (11.4 miles) HQ
- Sealed Air packaging (14.5 miles) HQ
Built in 2005, this 26-unit asset is newer than much of the area s housing stock (average vintage skewing older), positioning it competitively versus legacy properties while still warranting mid-life capital planning for systems and common areas. Neighborhood occupancy of 96.4% is in the top quartile nationally, and elevated home values in this Rockland County location reinforce renter reliance on multifamily housing, supporting occupancy stability and pricing power, according to commercial real estate analysis from WDSuite.
The immediate neighborhood has a lower share of renter-occupied units, limiting direct competition but narrowing the in-pocket tenant pool; however, within a 3-mile radius, population and households have trended upward with additional growth projected by 2028, indicating a larger renter pool over time. Local incomes are strong and rent-to-income metrics indicate manageable affordability pressure, which can aid retention with disciplined lease management.
- Newer 2005 vintage versus older neighborhood stock, with potential to capture renters seeking more modern product
- Top-quartile neighborhood occupancy supports stable leasing and reduced downtime
- Elevated ownership costs in the area sustain rental demand and pricing power
- 3-mile demographics point to population and household growth, expanding the tenant base
- Risks: lower renter concentration in the immediate neighborhood and mid-life capex needs for a 2005 asset