| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 32nd | Poor |
| Amenities | 46th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Kennedy Dr, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1975 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Kennedy Dr, Spring Valley NY multifamily investment
Neighborhood-level occupancy has remained steady with a deep renter base, according to WDSuite’s CRE market data. Metrics cited reflect neighborhood conditions, not the property’s own performance.
Located in Spring Valley within the New York–Jersey City–White Plains metro, the neighborhood shows renter demand supported by a high share of renter-occupied housing units and solid occupancy. With an occupancy ranking of 344 out of 889 metro neighborhoods, conditions are competitive among New York–Jersey City–White Plains neighborhoods and above national medians, helping support income stability at multifamily assets.
1975 construction places the property slightly older than the area’s average vintage (1978). For investors, that typically points to ongoing capital planning and selective value-add opportunities to modernize systems and finishes, which can enhance leasing competitiveness versus newer stock.
Local amenity access is mixed: restaurant density ranks in the higher range nationally (93rd percentile) and grocery availability is also comparatively strong (88th percentile), while cafés and parks are limited. This pattern aligns with workforce-oriented demand drivers, where everyday services are present even if lifestyle amenities are thinner.
Within a 3-mile radius, demographics indicate population growth over the past five years with further growth projected, alongside a renter pool that is expected to expand as households increase. Median contract rents in the neighborhood sit in the upper national quintile, while a low rent-to-income ratio percentile suggests manageable affordability pressure that can support retention and reduce turnover risk. Elevated home values and a higher value-to-income ratio relative to national norms indicate a high-cost ownership market, which tends to sustain reliance on rental housing.
Neighborhood-level public safety data for this specific area is not available in WDSuite for the current period. Investors typically contextualize safety using broader municipal and county trends, property-level security measures, and historical leasing performance rather than block-level claims.
- Ascena Retail Group — corporate offices (6.3 miles) — HQ
- Prudential Financial — corporate offices (9.2 miles)
- Becton Dickinson — corporate offices (10.0 miles) — HQ
- Pepsico — corporate offices (13.1 miles)
- Toys "R" Us — corporate offices (13.5 miles) — HQ
Proximity to regional corporate offices provides a diversified white-collar employment base that supports renter demand and commute convenience for residents. The following nearby employers anchor that base within typical commuting distances.
This 97-unit, 1975-vintage asset in Spring Valley benefits from a neighborhood with “competitive among metro” occupancy and a deep renter base. According to CRE market data from WDSuite, neighborhood median rents benchmark in the upper national quintile while rent-to-income readings indicate relatively modest affordability pressure, supporting retention. Elevated ownership costs in the area further reinforce durable multifamily demand.
The vintage suggests targeted value-add potential and ongoing capital planning to maintain competitiveness against newer supply. Demographics aggregated within a 3-mile radius point to recent population growth and a projected increase in households, implying a larger tenant base over the medium term and support for occupancy stability.
- Competitive neighborhood occupancy within the metro supports income durability.
- High renter-occupied share indicates depth of tenant demand for multifamily units.
- Upper-quintile neighborhood rents with relatively low rent-to-income readings aid lease retention.
- 1975 vintage offers value-add and modernization opportunities to enhance competitive positioning.
- Risks: older systems may require capex; thinner café/park amenities could modestly limit lifestyle appeal.