| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 87th | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Burd St, Nyack, NY, 10960, US |
| Region / Metro | Nyack |
| Year of Construction | 1988 |
| Units | 66 |
| Transaction Date | 2022-08-29 |
| Transaction Price | $737,500 |
| Buyer | GRIVAS TRUST |
| Seller | ADAMS BARRY J |
2 Burd St, Nyack NY Multifamily Investment
Neighborhood occupancy is around 92% and renter demand is supported by strong amenity density, according to WDSuite’s CRE market data. Figures reflect neighborhood conditions, not the property’s own performance.
The property sits in Nyack’s Urban Core, where the neighborhood ranks 60 out of 889 metro neighborhoods (A rating), placing it among the most competitive locations in the New York–Jersey City–White Plains metro. Amenity access is a clear strength — cafes, restaurants, parks, childcare, and grocery options register in the top quartile nationally, reinforcing day-to-day convenience that supports leasing and retention.
According to WDSuite’s CRE market data, neighborhood occupancy is ~92%, indicating steady renter absorption at the area level. Median asking rents in the neighborhood trend in the low-$2,000s, consistent with an upper-tier suburban Hudson River location. With elevated home values in the area, multifamily options remain important for households that prefer or rely on renting, which can bolster pricing power and reduce turnover risk.
Tenure patterns point to depth in the renter base: roughly six in ten housing units are renter-occupied at the neighborhood level, suggesting a substantial pool of prospective tenants and relatively durable demand for professionally managed apartments. Demographic statistics aggregated within a 3-mile radius show a shift toward smaller average household sizes over time and projections for a larger household base by 2028, which can expand the renter pool and support occupancy stability.
The average neighborhood building vintage skews older than this asset base, creating an opening for well-maintained 1980s product to compete effectively against pre-war stock while still budgeting for ongoing system upgrades and selective modernization to meet current renter expectations.
Comparable neighborhood crime benchmarks are not available in WDSuite for this location. Investors typically contextualize safety using broader village or county trends and on-the-ground management practices. Property-level measures (access control, lighting, and resident engagement) and proximity to active commercial corridors can be useful indicators when evaluating tenant retention and leasing velocity.
Proximity to regional corporate nodes supports a stable renter base, with major employers within commuting distance that draw professional and service workers. Notable nearby employers include PepsiCo, IBM, Mastercard, Prudential Financial, and the PepsiCo headquarters.
- Pepsico — beverages (5.66 miles)
- Ibm — technology (10.17 miles) — HQ
- Mastercard — payments (11.59 miles) — HQ
- Prudential Financial — financial services (11.76 miles)
- Pepsico — beverages (12.15 miles) — HQ
Built in 1988 with 66 units, the asset is newer than much of the surrounding housing stock, positioning it competitively against older buildings while still benefiting from Nyack’s amenity-rich Urban Core setting. Neighborhood indicators — including ~92% occupancy, strong renter concentration, and elevated ownership costs — point to resilient leasing fundamentals and room for operational upside, based on CRE market data from WDSuite.
Within a 3-mile radius, projections call for a larger household base by 2028 alongside smaller average household sizes, which can expand the renter pool and support occupancy stability. High local incomes and rent-to-income levels near one-fifth suggest manageable affordability pressure, aiding lease retention. Key watch items include modest recent population softness in the immediate area and the potential for a rising ownership share over the longer term, which merits close monitoring in underwriting.
- 1988 vintage offers competitive positioning versus older neighborhood stock with selective value-add potential
- Amenity-rich Urban Core location supports demand and reduces turnover risk
- Neighborhood occupancy around 92% and strong renter concentration underpin leasing stability
- Elevated home values reinforce renter reliance on multifamily housing and pricing power
- Risks: recent local population softness and potential shift toward higher ownership share could temper renter pool growth