| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 27th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Park Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2007-08-28 |
| Transaction Price | $208,900 |
| Buyer | MICHEL STANLEY |
| Seller | BEST DELORES |
15 Park Ave Spring Valley NY Multifamily Investment
Neighborhood occupancy trends in the low-90s and a majority of units renter-occupied suggest a durable tenant base around 15 Park Ave, according to WDSuite’s CRE market data. The area’s steady renter demand supports income stability while leaving room for value-add execution.
15 Park Ave sits in Spring Valley’s inner-suburban context within the New York–Jersey City–White Plains metro. The surrounding neighborhood rates C- and is ranked 825th among 889 metro neighborhoods, signaling mixed fundamentals but workable conditions for stable workforce housing. Grocery access compares well nationally (around the 80th percentile), and restaurant density is similarly competitive, though cafes, parks, and pharmacies are sparse locally. For investors, this mix points to day-to-day convenience nearby but a thinner set of lifestyle amenities within immediate blocks.
Renter concentration is elevated for the neighborhood (above the 90th percentile nationally for renter-occupied share), which typically supports leasing velocity and a deeper tenant pool. Neighborhood occupancy runs in the low-90% range, a level that has historically underpinned steady operations across comparable inner-suburban assets. Median contract rents benchmark above national norms, while the rent-to-income relationship trends near national averages, indicating manageable affordability pressure and potential for disciplined rent growth and retention.
Vintage matters: the property was built in 1985, slightly older than the neighborhood’s average vintage (late-1980s). That positioning can support a practical value-add thesis—modernize interiors and common areas, plan for systems upgrades, and compete against newer stock on finishes and energy efficiency while maintaining a rent advantage.
Demographic indicators aggregated within a 3-mile radius show population and household growth over the last five years, with forecasts pointing to further expansion. Income trends also move higher in the near-term outlook. Together, these dynamics indicate a larger tenant base and sustained demand for rental housing, supporting occupancy stability and renewal potential as units are repositioned.
Comparable safety benchmarks are not published for this neighborhood in the current dataset. Investors should review multi-year trends at the neighborhood and municipal levels, compare against metro averages, and incorporate on-the-ground diligence to gauge resident experience and operational considerations. When available, use consistent sources and like-for-like geographies to avoid block-level inference.
The employment base within commuting distance skews toward corporate, healthcare, and consumer brands, supporting renter demand and lease retention for workforce-oriented housing. Key nearby employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — corporate offices (6.6 miles) — HQ
- Prudential Financial — financial services (9.3 miles)
- Becton Dickinson — medical technology (10.3 miles) — HQ
- PepsiCo — consumer beverages (12.7 miles)
- Toys "R" Us — retail brand offices (13.8 miles) — HQ
This 36-unit, 1985-vintage asset aligns with steady neighborhood fundamentals and a renter-heavy housing stock that supports ongoing demand. Neighborhood occupancy in the low-90% range and above-national rent benchmarks point to dependable leasing and renewal potential, while the property’s slightly older vintage offers a credible value-add path through interior upgrades and building systems planning. Based on commercial real estate analysis from WDSuite, these factors compare favorably with many inner-suburban comps across the metro.
Demographics aggregated within a 3-mile radius show recent growth in population and households, with forecasts indicating additional renter pool expansion—tailwinds for absorption and pricing discipline. Home values sit above national norms, which can reinforce reliance on rental housing and support retention as renovated units remain positioned below newer stock.
- Renter-heavy neighborhood supports tenant depth and leasing stability
- 1985 construction provides clear value-add and systems-upgrade roadmap
- 3-mile demographics point to a growing renter base and sustained demand
- Above-national rent benchmarks with manageable rent-to-income dynamics aid retention
- Risk: thinner local amenity depth (cafes, parks, pharmacies) may require stronger on-site offerings