| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 12 Elm St, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2013-07-03 |
| Transaction Price | $345,446 |
| Buyer | GRUENEBAUM MICHAEL J |
| Seller | RAMAPO LOCAL DEVELOPMENT CORP |
12 Elm St, Spring Valley NY Multifamily Investment
2011 construction and a deep renter base in the surrounding neighborhood point to durable leasing, according to WDSuite’s CRE market data. High-cost ownership in Rockland County supports renter reliance, while rents trend above national norms.
Livability for residents centers on convenience retail rather than entertainment. Grocery and pharmacy access are competitive nationally (grocery density sits in a high national percentile and pharmacies are also strong), while cafes, restaurants, parks, and childcare are comparatively sparse. For investors, this mix supports day-to-day needs but suggests limited amenity-driven rent premiums.
Neighborhood occupancy is around the national midpoint, which typically supports baseline stability through cycles. The share of housing units that are renter-occupied ranks in a high national percentile and above the metro median, signaling a sizable tenant base for multifamily operators and consistent leasing demand.
The property’s 2011 vintage is newer than the neighborhood average (2008), which can help with competitive positioning versus older stock and near-term capex visibility, though investors should still plan for systems modernization over the hold.
Within a 3-mile radius, demographic statistics show population and household growth over the past five years, with additional gains projected by 2028. This points to a larger tenant base and supports occupancy stability for well-managed assets.
Home values in the neighborhood are elevated relative to national benchmarks, and the value-to-income ratio ranks among the highest nationally. In practice, a high-cost ownership market tends to reinforce rental demand and can aid lease retention, though above-median rents mean careful affordability and renewal management remain important.
School ratings trail national norms, so operators may lean more on unit quality, management, and access to everyday services rather than school-driven demand. Overall, the area’s essentials-first amenity profile, solid renter concentration, and steady occupancy offer a pragmatic foundation for multifamily performance.
Safety indicators are mixed when viewed against broader benchmarks. Overall crime levels are near the national middle, while both violent and property offense measures score in high national percentiles for safety, indicating comparatively favorable positioning versus many U.S. neighborhoods.
Recent year-over-year changes show increases in estimated rates, which merits routine monitoring and standard security protocols. For investors, this suggests relying on proven property management practices and community engagement rather than expecting block-level variations to drive outcomes.
Nearby corporate offices provide a diverse employment base that can support renter demand through commute convenience, including retail apparel, insurance, medical technology, and consumer goods.
- Ascena Retail Group — retail apparel corporate offices (7.0 miles) — HQ
- Prudential Financial — insurance corporate offices (10.3 miles)
- Becton Dickinson — medical technology corporate offices (10.9 miles) — HQ
- PepsiCo — consumer goods corporate offices (12.9 miles)
- Toys "R" Us — retail corporate offices (14.5 miles) — HQ
12 Elm St combines a newer 2011 vintage with a neighborhood that shows steady occupancy and a high share of renter-occupied housing units. Elevated home values relative to incomes in the area help sustain multifamily demand and can support retention, while the property’s newer construction should be competitively positioned versus older local stock. According to CRE market data from WDSuite, day-to-day amenities like groceries and pharmacies are strong locally, even as entertainment and park access are limited.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, indicating a larger tenant base over time. Investors should balance these positives with practical considerations: rents trend above national norms and rent-to-income metrics indicate affordability pressure that warrants disciplined lease management; amenity depth is modest beyond essentials; and recent crime trend increases suggest continuing to apply standard security best practices.
- Newer 2011 vintage offers competitive positioning and clearer near-term capex planning
- High renter-occupied share supports depth of tenant base and leasing stability
- Elevated ownership costs reinforce reliance on rentals, aiding retention and pricing power
- 3-mile population and household growth point to a larger renter pool over the hold
- Risks: above-median rents and recent safety trend increases require careful lease and security management