| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 87th | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Main St, Nyack, NY, 10960, US |
| Region / Metro | Nyack |
| Year of Construction | 1988 |
| Units | 21 |
| Transaction Date | 2020-10-18 |
| Transaction Price | $647,500 |
| Buyer | BUNYI HELEN M |
| Seller | BADAMI INVESTORS LLC |
1 Main St Nyack 21-Unit Multifamily Opportunity
Neighborhood occupancy around 92% and a high renter-occupied share indicate a durable tenant base, according to WDSuite’s CRE market data. The location’s elevated home values support sustained rental reliance and potential retention advantages.
Competitive among New York-Jersey City-White Plains neighborhoods (rank 60 of 889, A-rated), the immediate area combines strong lifestyle amenities with solid renter demand drivers based on CRE market data from WDSuite. Cafes, groceries, restaurants, and parks are dense here, with cafes and groceries in the top percentiles nationally, which helps support leasing velocity and day-to-day convenience for residents.
Amenities are a standout: cafes and childcare facilities score in the top percentile nationally, groceries and parks are likewise near the top, and restaurants are also very strong. One practical note is limited pharmacy presence, so residents may rely on nearby communities for certain services. These dynamics typically favor properties positioned for walkability and convenience-focused renters.
At the neighborhood level, roughly 59% of housing units are renter-occupied, pointing to meaningful depth in the tenant pool. Neighborhood contract rents skew higher while the rent-to-income ratio near 0.20 suggests manageable affordability pressure, which can support lease retention and measured pricing power with disciplined lease management.
Demographic statistics aggregated within a 3-mile radius show a recent period of population softening, followed by a forecast for population growth and a sizable increase in households alongside smaller average household size. For investors, a rising household count and smaller households generally translate to a larger renter pool and support for occupancy stability. Elevated neighborhood home values (around the high $600,000s) reinforce reliance on multifamily rentals, which can underpin steady demand through cycles.
The property’s 1988 vintage is newer than the area’s older housing stock (neighborhood average year 1946), which can be a competitive advantage versus pre-war inventory. Investors should still plan for targeted system upgrades and modernization to meet current renter expectations while leveraging value-add opportunities.
Neighborhood-level crime metrics are not available in WDSuite for this area, so investors should rely on customary diligence (municipal reports, comparable property histories, and insurer guidance) to benchmark safety relative to the broader New York-Jersey City-White Plains metro. Avoid block-level assumptions and focus on trend and comparative indicators during underwriting.
Proximity to major corporate offices supports a diversified employment base and commute convenience for renters. Nearby anchors include PepsiCo, IBM, Mastercard, Prudential Financial, and PepsiCo’s headquarters.
- Pepsico — food & beverage offices (5.7 miles)
- Ibm — technology & services (10.2 miles) — HQ
- Mastercard — payments & fintech (11.6 miles) — HQ
- Prudential Financial — financial services (11.8 miles)
- Pepsico — food & beverage (12.2 miles) — HQ
This 21-unit, 1988-vintage asset benefits from a high-amenity Urban Core setting where neighborhood occupancy is around 92% and the share of renter-occupied housing is substantial. Elevated ownership costs in the area help sustain reliance on rentals, while the property’s relatively newer vintage versus local stock offers practical value-add pathways through focused modernization.
Within a 3-mile radius, forecasts point to population growth, a notable increase in households, and smaller household sizes — conditions that typically expand the renter pool and support occupancy stability over time. According to commercial real estate analysis from WDSuite, strong local amenities and proximity to major employers further reinforce leasing fundamentals, though investors should underwrite with attention to service access (e.g., pharmacies) and standard capital planning for late-1980s buildings.
- High-amenity Urban Core location with nationally strong food, grocery, park, and restaurant access supporting leasing velocity
- Durable renter demand: neighborhood renter-occupied share is substantial and ownership costs remain elevated, aiding retention
- 1988 vintage offers relative competitiveness versus older local stock, with clear value-add via targeted modernization
- 3-mile outlook shows household growth and smaller household sizes, expanding the tenant base and supporting occupancy
- Risks: limited pharmacy access nearby, unknown neighborhood crime metrics, and typical capex needs for 1980s systems