| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Bush Ln, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2006 |
| Units | 33 |
| Transaction Date | 2018-12-24 |
| Transaction Price | $80,000 |
| Buyer | SOIFER YITZCHOK |
| Seller | YACTER ASSOCIATES CORP |
15 Bush Ln, Spring Valley NY Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable performance for a 2006-vintage, 33-unit asset in Spring Valley.
The immediate neighborhood shows tight apartment fundamentals, with the neighborhood occupancy rate measuring 98.3% and ranking 99 out of 889 metro neighborhoods — above the metro median and in the top quartile nationally (91st percentile) per WDSuite. A high share of housing units are renter-occupied (83.1%; rank 34 of 889, 99th percentile nationally), signaling a sizable tenant base that can support leasing stability for multifamily owners.
Daily needs are reasonably served: grocery and pharmacy density score well compared to many areas (both near the 80–93rd national percentiles), while cafes outperform most neighborhoods (93rd percentile). Traditional restaurants, parks, and childcare are limited in the immediate area, which investors may consider when positioning amenities and services. These are neighborhood-level observations and not property-specific.
Within a 3-mile radius, demographics indicate population and household growth over the past five years with forecasts pointing to further expansion, supporting a larger tenant base and lease-up resilience. Median household income in the 3-mile area trends materially higher than the immediate neighborhood statistic, which can broaden the renter pool and help sustain occupancy; still, rent-to-income considerations should inform underwriting and lease management.
The local housing stock skews relatively recent by metro standards (average construction year ranks 7th of 889; 92nd percentile nationally). For a 2006 asset, this positioning can be competitive versus older inventory, though investors should still plan for mid-life system updates and targeted modernization. These neighborhood dynamics provide context for commercial real estate analysis while property performance will vary by asset quality and execution.
Comparable, neighborhood-level crime benchmarks are not available in the provided dataset, so no specific safety ranking is presented here. Investors typically compare neighborhood trends to broader metro and national patterns when data is accessible; in the absence of verified figures, prudent diligence would include reviewing recent trend reports and speaking with local stakeholders to contextualize safety relative to nearby Rockland County submarkets.
Regional employment nodes within commuting distance include corporate offices across retail, financial services, medical technology, and consumer goods, which can support renter demand and retention from a diverse workforce. Notable employers listed below reflect proximity that benefits workforce housing dynamics.
- Ascena Retail Group — retail corporate offices (8.7 miles) — HQ
- Prudential Financial — financial services (11.9 miles)
- PepsiCo — consumer packaged goods (12.0 miles)
- Becton Dickinson — medical technology (12.7 miles) — HQ
- Toys "R" Us — retail corporate offices (16.2 miles) — HQ
15 Bush Ln offers investors a 2006-vintage, 33-unit building positioned in a neighborhood with tight occupancy and a high concentration of renter-occupied housing units, supporting demand depth and leasing stability. Within a 3-mile radius, population and household growth trends point to a larger tenant base ahead, while elevated ownership costs in Rockland County contexts tend to sustain reliance on multifamily rentals.
According to CRE market data from WDSuite, the neighborhood’s apartment occupancy ranks above the metro median, and the local housing stock trends newer than much of the metro, which can help competitive positioning versus older inventory. At the same time, affordability pressure in the immediate neighborhood suggests disciplined lease management and thoughtful value-add planning as systems approach mid-life.
- Tight neighborhood occupancy and large renter base support income stability
- 2006 construction provides competitive positioning versus older stock with targeted modernization potential
- 3-mile demographics indicate population and household growth, expanding the renter pool
- High home values in the area reinforce multifamily demand relative to ownership
- Risk: affordability pressure in the immediate neighborhood requires careful pricing and retention strategy