| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 87th | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Main St, Nyack, NY, 10960, US |
| Region / Metro | Nyack |
| Year of Construction | 1977 |
| Units | 31 |
| Transaction Date | 2011-02-16 |
| Transaction Price | $500,000 |
| Buyer | GROSS ROBERT |
| Seller | ADAMS TRUST |
3 Main St, Nyack NY Multifamily Investment
Neighborhood-level occupancy around 92% and a renter-occupied share near 59% point to a durable tenant base in Nyack, according to WDSuite s CRE market data. Vintage 1977 construction offers competitive positioning versus older local stock while leaving room for targeted modernization.
The property sits in Nyack s Urban Core, rated A and ranked 60 among 889 metro neighborhoods placing it in the top quartile locally. Amenity access is a clear strength: cafes and restaurants test in the 99th and 98th national percentiles, and parks and childcare density are at the 100th percentile nationally supportive of walkable living and resident retention. These are neighborhood-level metrics measured for the area, not the property.
Renter-occupied housing makes up roughly 59% of units in the neighborhood, indicating depth in the tenant base and supporting leasing stability for multifamily assets. Neighborhood occupancy is around 92%, suggesting steady absorption and limited downtime between turns; these are neighborhood statistics rather than property performance.
Income levels skew high for the area (median household income ranks in the 91st national percentile), while elevated home values (92nd percentile nationally) create a high-cost ownership market that can sustain reliance on rental options often reinforcing pricing power and lease retention when managed carefully. The neighborhood s rent-to-income ratio near 0.20 indicates manageable affordability pressure from an operator s standpoint, though lease management remains important.
At the metro scale (New York Jersey City White Plains), the neighborhood s overall amenity profile is competitive among top-ranked areas, and its Housing score sits above the national median. For investors, this combination walkable amenities, strong incomes, and established renter concentration supports an attractive operating backdrop for stabilized and value-add strategies alike. Based on multifamily property research from WDSuite, the local average construction year trends older; with a 1977 vintage, this asset is newer than much of the surrounding stock, aiding competitiveness while still warranting selective system upgrades over a hold period.
Area-level crime metrics are not available in the current WDSuite release for this neighborhood. Investors typically benchmark safety through multiple sources including municipal reports, property-level incident history, and on-site security practices to contextualize tenant experience and operating risk at the neighborhood (not block) level.
Proximity to regional corporate offices supports commuter convenience and renter demand, led by PepsiCo, IBM, Mastercard, Prudential Financial, and an additional PepsiCo campus noted below.
- PepsiCo corporate offices (5.7 miles)
- IBM technology (10.2 miles) HQ
- Mastercard payments (11.6 miles) HQ
- Prudential Financial financial services (11.8 miles)
- PepsiCo corporate offices (12.2 miles) HQ
3 Main St offers a balanced thesis anchored by neighborhood-level occupancy around 92%, an estimated 59% renter-occupied housing share, and a high-amenity Urban Core location. The 1977 vintage is newer than much of the area s older housing stock, supporting competitive positioning versus legacy assets while leaving room for value-add through systems modernization and common-area upgrades. According to commercial real estate analysis from WDSuite, high median incomes and elevated ownership costs in the neighborhood underpin sustained reliance on rentals, which can translate to steadier retention and pricing discipline.
Within a 3-mile radius, recent population counts have trended lower, but WDSuite s outlook points to population growth (+5-year expansion) and a larger increase in households alongside smaller average household sizes a pattern that can expand the renter pool and support occupancy stability over time. Rent levels have risen over the last five years and are expected to grow modestly going forward, favoring steady, operations-led value creation over speculative appreciation.
- Neighborhood-level occupancy and renter concentration support a durable tenant base
- 1977 vintage offers competitive positioning vs. older local stock with targeted upgrade potential
- High incomes and elevated home values reinforce sustained rental demand and pricing discipline
- 3-mile outlook shows household growth and smaller household sizes, expanding the renter pool
- Risks: modest forward rent growth, possible tilt toward ownership in forecasts, and capex for aging systems