| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 58th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 34 Bush Ln, Sloatsburg, NY, 10974, US |
| Region / Metro | Sloatsburg |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2013-08-30 |
| Transaction Price | $280,000 |
| Buyer | BAYER REUVEN C |
| Seller | BUXBAUM CHAIM M |
34 Bush Ln Sloatsburg 24-Unit Multifamily Investment
2011 construction positions this asset newer than much of the local stock, and neighborhood multifamily occupancy around 95% points to leasing stability, according to WDSuite’s CRE market data.
Sloatsburg is a suburban pocket of Rockland County with steady renter demand supported by commuting access and a resident base that trends higher-income than national averages. At the neighborhood level, multifamily occupancy is above the metro median and has trended firmer over the past five years, aiding cash flow durability relative to softer submarkets in the New York–Jersey City–White Plains metro, based on CRE market data from WDSuite.
The property’s 2011 vintage stands out against a neighborhood housing stock that skews older (average year 1935), offering a competitive edge on finishes and systems versus legacy assets. For investors, that generally lowers near-term capital planning while still leaving room for selective upgrades to capture premium positioning.
Amenity access is mixed: neighborhood coverage for pharmacies is in a stronger national percentile, groceries are near the national median, and cafes are comparatively dense for a low-rise suburban area. Parks and childcare options are thinner locally, which may modestly affect family-oriented appeal; average school ratings sit modestly above the national median, which can support retention among households prioritizing education.
Within a 3-mile radius, population and households have expanded and are projected to continue growing, indicating a larger tenant base over time. The share of housing units that are renter-occupied is relatively small at the immediate neighborhood level, but the 3-mile radius shows a deeper renter pool today with a projected increase by 2028, which supports leasing velocity and occupancy stability for well-positioned multifamily.
Ownership costs are elevated versus national norms in this area, and neighborhood asking rents benchmark high nationally; together these dynamics tend to sustain reliance on rental housing while making lease management and retention disciplines important. Rent-to-income metrics trend mid-range locally, suggesting manageable affordability pressure relative to peer markets.
Specific neighborhood crime metrics were not available from WDSuite for this location at the time of publication. Investors commonly benchmark conditions against broader Rockland County and metro trends and review recent, jurisdiction-level reports to assess safety trajectory and property operations considerations such as lighting, access control, and resident policies.
Nearby employers provide a diversified white-collar and light-industrial employment base that supports renter demand and commute convenience for residents, including apparel retail, medical technology, retail headquarters, financial services, and industrial gases.
- Ascena Retail Group — apparel retail HQ (6.2 miles) — HQ
- Becton Dickinson — medical technology (10.3 miles) — HQ
- Toys "R" Us — retail headquarters (13.3 miles) — HQ
- Prudential Financial — financial services (14.1 miles)
- Airgas Lincoln Park — industrial gases (17.8 miles)
This 24-unit property combines a 2011 vintage with a suburban Rockland County setting where neighborhood occupancy sits above the metro median, supporting stable cash flows relative to older competitive stock. High ownership costs in the area, alongside nationally high benchmark rents, suggest rental housing remains a core option for many households; prudent lease management can balance pricing power with retention.
Within a 3-mile radius, households and population are expanding with further growth projected, indicating renter pool expansion that can underpin absorption and minimize downtime for well-maintained assets. According to CRE market data from WDSuite, the immediate neighborhood’s renter-occupied share is lean, but the broader area shows a deeper and growing tenant base, while the property’s newer construction may reduce near-term capital needs and enhance competitive positioning.
- Newer 2011 construction versus older neighborhood stock supports competitive positioning and moderates near-term CapEx.
- Neighborhood occupancy above metro median indicates leasing stability and cash flow resilience.
- 3-mile radius shows population and household growth, expanding the tenant base and supporting absorption.
- Elevated ownership costs reinforce sustained multifamily demand and potential pricing power with disciplined lease management.
- Risks: thinner immediate renter concentration and limited nearby parks/childcare may modestly affect depth of demand and family appeal.