| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 58th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Bush Ln, Sloatsburg, NY, 10974, US |
| Region / Metro | Sloatsburg |
| Year of Construction | 2006 |
| Units | 33 |
| Transaction Date | 2019-05-14 |
| Transaction Price | $190,000 |
| Buyer | SOIFER MIRIAM |
| Seller | YACTER ASSOCIATES CORP |
15 Bush Ln Sloatsburg NY Multifamily Investment
Neighborhood occupancy is above the metro median, supporting demand stability for multifamily, according to WDSuite’s CRE market data. Elevated ownership costs in Rockland County further reinforce renter reliance on professionally managed housing.
Situated in Sloatsburg within the New York–Jersey City–White Plains metro, the neighborhood posts an occupancy rate that is above the metro median among 889 metro neighborhoods (71st percentile nationally), indicating comparatively stable leasing conditions at the neighborhood level. Median home values sit in a higher-cost ownership market (around the 80th percentile nationally), which typically sustains renter demand and can support pricing power for well-maintained assets.
The asset’s 2006 vintage is newer than the neighborhood’s older housing stock (average 1935), offering relative competitiveness versus legacy properties. Investors should still plan for mid‑life building systems and targeted modernization to maintain positioning against both older and newer supply.
Amenities are mixed: cafe density is top quartile nationally (about the 84th percentile), and pharmacy access trends above the national median (roughly the 74th percentile). Grocery options track modestly above national norms, while nearby park and childcare counts are limited, which may slightly affect family‑oriented appeal relative to other suburban nodes.
Tenure patterns suggest a thinner local renter base inside the immediate neighborhood (low renter‑occupied share by metro standards). However, demographics aggregated within a 3‑mile radius show recent population and household growth, with households expanding over the last five years and projected to increase meaningfully by 2028. Rising median incomes in this 3‑mile radius and a projected increase in the renter share point to a larger tenant base over time, supporting occupancy stability and rent progression for competitively positioned units, based on CRE market data from WDSuite.
School quality trends modestly above national medians (average ratings around the 61st percentile), providing an additional family‑oriented demand pillar relative to comparable suburban submarkets across the region.
Comparable neighborhood crime statistics were not available in WDSuite’s dataset for this location. Without a metro rank or national percentile, it is difficult to draw conclusions relative to peer neighborhoods. Investors should review municipal reports and recent trend data for Sloatsburg and Rockland County to contextualize safety at the neighborhood scale.
Nearby employers provide diverse white‑collar and operations jobs that support renter demand and retention, including Ascena Retail Group, Becton Dickinson, Toys "R" Us, Prudential Financial, and Airgas Lincoln Park.
- Ascena Retail Group — retail apparel (6.2 miles) — HQ
- Becton Dickinson — medical technology (10.3 miles) — HQ
- Toys "R" Us — toy retail (13.3 miles) — HQ
- Prudential Financial — financial services (14.1 miles)
- Airgas Lincoln Park — industrial gases (17.9 miles)
This 33‑unit, 2006‑built asset benefits from neighborhood occupancy that trends above the metro median and from a high‑cost ownership landscape that helps sustain rental demand. Within a 3‑mile radius, recent growth in households and incomes, coupled with a projected expansion of the renter pool, supports a larger tenant base and steady leasing, according to CRE market data from WDSuite.
Relative to older local stock, the 2006 vintage provides competitive positioning, with scope for targeted value‑add to capture rent premiums as the area’s renter share and household incomes rise. Investors should account for a thinner immediate renter concentration and plan marketing to the broader 3‑mile catchment where demand growth appears stronger.
- Neighborhood occupancy above metro median supports leasing stability
- 2006 vintage competitive versus older local stock, with value‑add potential
- High-cost ownership market reinforces renter reliance and pricing power
- 3‑mile radius shows growing households/incomes, enlarging the tenant base
- Risk: low immediate renter concentration and limited park/childcare amenities may temper near‑asset demand