| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 69th | Good |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 222 Main St, Nyack, NY, 10960, US |
| Region / Metro | Nyack |
| Year of Construction | 2008 |
| Units | 34 |
| Transaction Date | 1997-09-11 |
| Transaction Price | $630,000 |
| Buyer | REGA NYACK LLC |
| Seller | 222 MAIN INC |
222 Main St, Nyack NY — 2008 Multifamily Opportunity
Infill positioning with steady renter demand and neighborhood occupancy near the national midpoint, according to WDSuite's CRE market data. A newer vintage relative to local stock supports competitive leasing and selective value-add.
The property sits in Nyack's Urban Core and benefits from a B+ neighborhood rating within the New York-Jersey City-White Plains metro. At rank 304 of 889 metro neighborhoods, the area is competitive among regional peers, offering a balanced mix of convenience and stability for workforce and professional renters.
Amenity access is a relative strength. The neighborhood places in top national percentiles for cafes (99th), restaurants (97th), and pharmacies (96th), which supports daily convenience and can aid resident retention. By contrast, park and grocery access are limited relative to national norms, so residents typically rely on nearby town centers and regional retail for recreation and shopping.
Housing stock in the neighborhood skews older (average vintage 1946). A 2008 asset is materially newer than much of the local inventory, which can support leasing velocity and reduce near-term capital planning versus older comparables, while still leaving room for targeted modernization to meet current renter preferences.
Renter concentration at the neighborhood level is high (renter-occupied share ranks in upper national percentiles), indicating a deep tenant base and supporting multifamily demand. Neighborhood occupancy trends land around the mid-50s percentile nationally, suggesting generally stable leasing conditions with room for asset-level execution to drive outperformance.
Demographic statistics aggregated within a 3-mile radius show recent softness in population and households, with WDSuite projections pointing to growth over the next five years alongside smaller average household sizes. That combination implies a larger tenant base and potential renter pool expansion, supporting occupancy durability and measured rent growth management.
Specific neighborhood crime metrics were not available from WDSuite for this location. Investors often benchmark local conditions against metro and national trends and focus on asset-level measures (lighting, access control, and visibility) to support resident comfort and retention.
Given the absence of a published rank or national percentile for this neighborhood, evaluate recent trend data at the city and county levels and consider property-specific security practices as part of underwriting.
- IBM — technology & services (10.7 miles) — HQ
- Prudential Financial — financial services (11.5 miles)
- Mastercard — payments technology (12.2 miles) — HQ
- PepsiCo — consumer goods (12.8 miles) — HQ
- Ascena Retail Group — retail apparel (12.9 miles) — HQ
Constructed in 2008, the asset is newer than much of the surrounding housing stock, which can translate to competitive positioning and moderated near-term capital needs versus older local comparables. Neighborhood occupancy sits near the national midpoint and renter concentration is high, supporting a stable base of multifamily demand in an Urban Core setting.
High household incomes and elevated home values in the neighborhood context reinforce reliance on rental housing, while 3-mile demographic projections indicate population growth and smaller household sizes, pointing to renter pool expansion and support for occupancy. According to CRE market data from WDSuite, amenity access is strong for dining and services, though limited parks and groceries should be factored into leasing strategy.
- 2008 vintage offers relative competitiveness versus older neighborhood stock, with selective value-add upside
- High renter-occupied share signals depth of tenant base and supports leasing stability
- Strong amenity access for dining and services can aid retention and pricing power
- 3-mile projections indicate population and household growth, supporting long-term demand
- Risk: limited park and grocery access; recent period softness in local demographics warrants conservative lease-up and retention assumptions