| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Berdichev Way, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2012 |
| Units | 22 |
| Transaction Date | 2021-01-20 |
| Transaction Price | $475,000 |
| Buyer | BAYER URI E |
| Seller | SIGLER BENJAMIN |
1 Berdichev Way Spring Valley Multifamily Opportunity
Neighborhood data points to durable renter demand and high occupancy stability in the immediate area, according to WDSuite s CRE market data. This positioning supports steady leasing for investors evaluating Spring Valley multifamily.
The property sits in Spring Valley an Urban Core neighborhood with strong renter dynamics and tight housing availability at the neighborhood level. Neighborhood occupancy is high (ranked 99 out of 889 metro neighborhoods and in the 91st percentile nationally), which supports lease-up consistency and lower downtime risk for nearby multifamily assets, based on CRE market data from WDSuite. Note these occupancy indicators describe the neighborhood, not the property.
Renter-occupied share in the neighborhood is elevated (about 83% of housing units are renter-occupied), indicating a deep tenant base and consistent demand for apartments. Home values in the surrounding neighborhood are also high relative to income levels, which tends to reinforce reliance on rental housing and can support pricing power and retention for well-managed buildings. At the same time, neighborhood rent-to-income readings signal affordability pressure, a factor to monitor in lease management and renewal strategies.
Within a 3-mile radius, demographics show population and household growth over the last five years, with WDSuite indicating continued expansion through the forecast period. This trajectory points to a larger renter pool over time, which can support occupancy stability and absorption for small and mid-sized multifamily properties.
Local amenities are mixed: cafe and pharmacy density test well against national comparisons (both in the 90th+ percentiles), while park and full-service restaurant density are limited inside the immediate neighborhood. For investors, this suggests everyday convenience is accessible, but community amenity activation may rely more on surrounding corridors and private on-site features.
Vintage matters: the asset s 2012 construction is newer than the neighborhood s average vintage (2006). That relative youth generally improves competitive positioning versus older stock and may moderate near-term capital needs; however, standard system maintenance and selective modernization should still be part of planning to sustain rentability.
Neighborhood-level crime benchmarks are not available in WDSuite for this area at this time. Investors typically compare municipal crime statistics and recent trend reports for Spring Valley and the broader New York Jersey City White Plains metro to contextualize on-the-ground conditions and align security measures and underwriting assumptions accordingly.
Nearby corporate nodes provide a diverse white-collar employment base that can support multifamily renter demand, including Ascena Retail Group, PepsiCo, Prudential Financial, Becton Dickinson, and IBM.
- Ascena Retail Group apparel retail (8.9 miles) HQ
- Pepsico consumer beverages (11.6 miles)
- Prudential Financial financial services (11.8 miles)
- Becton Dickinson medical technology (12.8 miles) HQ
- Ibm information technology (16.0 miles) HQ
1 Berdichev Way offers newer-vintage (2012) construction in a neighborhood characterized by high renter concentration and tight occupancy, which supports stable cash flow potential relative to many older local comparables. Elevated home values in the neighborhood reinforce reliance on rental housing, while 3-mile demographic growth expands the potential tenant base. According to commercial real estate analysis from WDSuite, neighborhood occupancy ranks in the top quartile locally and nationally, underscoring demand resilience at the submarket scale.
Key considerations include affordability pressure at the neighborhood level and a thinner mix of parks and full-service restaurants nearby, which place a premium on effective lease management and on-site amenity strategy. As systems age, targeted capital planning should sustain competitive positioning and support rent growth relative to older housing stock.
- Newer 2012 vintage versus neighborhood average, aiding competitiveness and moderating near-term capex
- High neighborhood occupancy (top quartile locally/nationally) supports leasing stability
- Large renter-occupied share and high ownership costs bolster renter demand depth
- 3-mile population and household growth expand the tenant base over the forecast period
- Risks: neighborhood affordability pressure and limited park/restaurant density require proactive lease and amenity strategy