| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11 Elm St, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | 2016-08-30 |
| Transaction Price | $460,000 |
| Buyer | TAUBER BENJAMIN |
| Seller | GANDL MOSHE |
11 Elm St Spring Valley Multifamily, 2012 Construction
Neighborhood data point to a deep renter base and stable occupancy in the immediate area, according to WDSuite’s CRE market data. Elevated ownership costs locally support rental demand, though investors should underwrite to income sensitivity at the neighborhood level rather than property-specific performance.
The property sits in Spring Valley’s Urban Core, where neighborhood occupancy is steady and renter concentration is high. The area’s renter-occupied share is among the highest in the metro (competitive among 889 New York–Jersey City–White Plains neighborhoods), indicating a large tenant pool and supporting leasing consistency for multifamily assets.
Daily-needs access is a relative strength: grocery and pharmacy presence ranks in the upper decile nationally, while sit-down restaurants, cafes, and parks are limited. For investors, this translates to convenience for residents’ essentials with fewer lifestyle amenities nearby, which can influence positioning and marketing strategy.
Within a 3-mile radius, demographics show population and household growth over recent years with additional expansion projected, suggesting a larger tenant base ahead. Median household income in the 3-mile area has risen, and median contract rents have also climbed; together these trends support rent durability but call for careful rent-to-income monitoring to maintain retention.
Home values in the neighborhood are elevated relative to national benchmarks, reinforcing reliance on multifamily rentals and helping sustain demand. The asset’s 2012 vintage is newer than much of the broader U.S. multifamily stock and competitive versus nearby older properties, which can aid leasing and limit near-term capital expenditures, though investors should still plan for systems updates as the building approaches mid-life.
Neighborhood safety indicators are mixed. Overall crime sits near national norms, while estimated violent and property offense rates trend toward the safer end nationally. However, recent one-year changes point to upticks in reported incidents, so prudent owners may wish to budget for security and resident engagement measures consistent with Urban Core assets.
Compared with other neighborhoods in the New York–Jersey City–White Plains metro (889 neighborhoods total), the area performs around the middle of the pack on broad crime measures but shows stronger standing nationally on specific violent and property offense rates. Interpreting these together suggests typical metro risk with comparatively favorable national context, tempered by recent volatility.
Nearby corporate employment anchors provide commute-friendly job access that supports renter demand and retention, including Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — corporate offices (7.0 miles) — HQ
- Prudential Financial — corporate offices (10.3 miles)
- Becton Dickinson — corporate offices (10.9 miles) — HQ
- Pepsico — corporate offices (12.8 miles)
- Toys "R" Us — corporate offices (14.5 miles) — HQ
11 Elm St offers durable renter demand supported by a high neighborhood renter-occupied share and steady occupancy. The 2012 construction provides competitive positioning versus older local stock, which can support leasing and moderate near-term capex. Based on commercial real estate analysis grounded in WDSuite’s CRE market data, elevated ownership costs in the neighborhood reinforce reliance on rentals, while 3-mile population and household growth expand the prospective tenant base.
Key underwriting considerations include income sensitivity and amenity-light surroundings; investors should calibrate rents to maintain retention given neighborhood-level rent-to-income pressure. With strong daily-needs access and proximity to multiple corporate employers, the asset aligns with workforce demand drivers while warranting prudent expense and security planning typical of Urban Core locations.
- High neighborhood renter concentration supports deep tenant base and leasing stability.
- 2012 vintage enhances competitiveness versus older stock with manageable mid-life capex planning.
- Elevated ownership costs bolster multifamily demand and pricing power potential.
- 3-mile population and household growth points to a larger renter pool over time.
- Risk: rent-to-income pressure and limited lifestyle amenities require careful rent setting and retention strategy.