| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Roosevelt Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2010 |
| Units | 22 |
| Transaction Date | 2021-02-04 |
| Transaction Price | $162,500 |
| Buyer | SAMSON GLUCK LLC |
| Seller | FRIESEL 2008 TRUST |
1 Roosevelt Ave, Spring Valley Multifamily Investment
Neighborhood fundamentals indicate durable renter demand and high occupancy, according to CRE market data from WDSuite, supporting a hold-focused multifamily strategy. The asset’s Spring Valley location offers connectivity to regional job nodes while benefiting from a deep local renter base.
Occupancy in the surrounding neighborhood is strong at 98.3% (top decile nationally by WDSuite’s benchmarks), pointing to stable leasing conditions and limited downtime risk for comparable assets. The renter-occupied share is high at 83.1%, signaling a deep tenant pool and broad demand for multifamily housing. Median contract rents are reported at $1,319 with steady five-year gains, consistent with tight conditions that support retention and pricing discipline.
Amenity access is mixed: cafes and pharmacies index well versus national norms, while parks, restaurants, and childcare are comparatively limited. For investors, this typically supports everyday convenience without the full lifestyle density of core urban corridors. Elevated home values in the neighborhood context (~$593K) suggest a high-cost ownership market, which can reinforce renter reliance on multifamily housing and help sustain occupancy.
Within a 3-mile radius, WDSuite data shows population growth of roughly 9% over the last five years, alongside increases in families and households. Forward-looking projections indicate further expansion in households and incomes, which can translate into a larger tenant base and support for occupancy stability over time. The median household income in the 3-mile area materially exceeds the immediate neighborhood metric, underscoring the importance of submarket draw and commute patterns when underwriting.
Vintage considerations matter: the average neighborhood construction year is 2006, while this property was built in 2010. That relative youth can be competitive versus older stock; investors should still plan for mid-life system updates and selective renovations to sustain positioning and capture renewal rent.
Comparable neighborhood safety metrics are not available in the WDSuite extract for this location. Investors typically triangulate conditions using municipal dashboards, insurer reports, and owner/manager incident logs to assess trends versus nearby Spring Valley and Rockland County neighborhoods. Where verified, stable or improving trendlines generally support leasing velocity and retention.
Regional employers within commuting distance help underpin renter demand and lease stability, with a concentration in corporate offices and headquarters reflected below.
- Ascena Retail Group — corporate offices (8.7 miles) — HQ
- Prudential Financial — financial services (11.8 miles)
- PepsiCo — consumer goods (11.9 miles)
- Becton Dickinson — medical technology (12.7 miles) — HQ
- IBM — technology & services (16.2 miles) — HQ
Built in 2010 and located in a neighborhood with top-decile occupancy, the property benefits from a deep renter base and a high-cost ownership landscape that supports multifamily demand. According to CRE market data from WDSuite, nearby household and income growth within a 3-mile radius point to an expanding renter pool, while the asset’s relatively newer vintage can be competitive versus older local stock.
Investor focus should include mid-life capital planning to maintain competitiveness and targeted upgrades to capture renewals. Affordability pressure in the immediate neighborhood (high rent-to-income) and limited park/restaurant density introduce lease management considerations, but strong occupancy and proximity to major employers help balance these risks.
- High neighborhood occupancy supports leasing stability and reduced downtime
- 2010 vintage offers competitive positioning vs. older stock; plan for mid-life system updates
- Expanding 3-mile household base and income growth point to a larger tenant pool
- High-cost ownership market reinforces renter reliance and supports occupancy
- Risks: affordability pressure and thinner park/restaurant density require proactive lease management