| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14 Elm St, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2012-01-09 |
| Transaction Price | $349,000 |
| Buyer | LIEBERMAN MOSHE |
| Seller | GOLDBERG SIMON |
14 Elm St Spring Valley 24-Unit Multifamily
Neighborhood occupancy has been steady and renter demand is deep, supported by a high share of renter-occupied housing; according to WDSuite’s CRE market data, this submarket’s fundamentals compare favorably to national norms for stabilized workforce rentals.
Positioned in Spring Valley’s Urban Core, the property benefits from neighborhood occupancy that trends near the national middle while renter demand is robust. The surrounding neighborhood reports a 67.7% share of units that are renter-occupied, placing it in the upper national percentiles for renter concentration, which typically supports a larger tenant base and leasing stability for multifamily assets.
Daily conveniences are accessible: grocery and pharmacy density score in high national percentiles, even as cafes, restaurants, and parks are relatively limited in the immediate neighborhood. For investors, that mix often supports consistent necessity-driven foot traffic without competing lifestyle districts right next door. School ratings in the neighborhood benchmark below many metro peers; investors should underwrite to this dynamic while noting that family-oriented demand in the broader area can still support stable occupancy.
Rents in the neighborhood sit above national norms (median contract rent benchmarks in higher national percentiles), and the neighborhood’s housing profile ranks above metro medians in several categories tied to livability. Elevated local home values relative to incomes indicate a high-cost ownership market; in practice, this tends to reinforce reliance on rental housing and can aid lease retention for well-managed assets.
Construction in the immediate area skews relatively recent for the region. With a 2011 vintage, this asset is somewhat newer than the neighborhood average (2008), which can be a competitive advantage versus older stock while still leaving room for targeted modernization to sharpen positioning.
Safety indicators are mixed but comparatively favorable. The neighborhood’s crime ranking sits in a stronger tier within the New York–Jersey City–White Plains metro (ranked closer to the safer end among 889 neighborhoods), and several offense measures place the area in higher national safety percentiles. According to WDSuite’s CRE market data, recent year-over-year fluctuations suggest monitoring trends over time rather than relying on a single-year change.
For underwriting, use a comparative approach: benchmark against nearby submarkets and track multi-year trends. This framing avoids over-weighting short-term volatility while capturing the area’s generally competitive position versus metro peers.
The area draws from a diversified employment base reachable by car, supporting workforce renter demand and commute convenience. Notable nearby employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys “R” Us.
- Ascena Retail Group — corporate offices (7.0 miles) — HQ
- Prudential Financial — financial services (10.3 miles)
- Becton Dickinson — medical technology (10.9 miles) — HQ
- PepsiCo — consumer beverages (12.9 miles)
- Toys “R” Us — corporate offices (14.5 miles) — HQ
14 Elm St offers exposure to a renter-heavy neighborhood where occupancy has remained resilient and rents benchmark above national averages, according to CRE market data from WDSuite. Elevated ownership costs in the area support reliance on rental housing, which can bolster tenant retention when paired with disciplined lease management and thoughtful renewals.
Built in 2011, the asset is newer than much of the immediate stock, providing relative competitiveness versus older properties and potential to capture demand from households prioritizing newer finishes and systems. Demographic data aggregated within a 3-mile radius indicate ongoing population and household growth with rising incomes, pointing to a steadily expanding renter pool that supports occupancy stability and measured rent growth over time.
- Renter-heavy neighborhood supports demand depth and leasing stability
- Newer 2011 vintage provides competitive positioning vs. older stock
- High-cost ownership context reinforces reliance on multifamily rentals
- 3-mile radius shows population and household growth, expanding the renter pool
- Risks: affordability pressure and limited nearby lifestyle amenities require proactive lease and expense management