| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 156 Maple Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2010-06-16 |
| Transaction Price | $410,000 |
| Buyer | EB KASHO LLC |
| Seller | HOROWITZ JOEL |
156 Maple Ave Spring Valley Multifamily Investment
Neighborhood renter demand is reinforced by a high-cost ownership market and broadly steady occupancy, according to WDSuite’s CRE market data.
Located in Spring Valley’s urban core, the property sits in a renter-heavy neighborhood where roughly two-thirds of housing units are renter-occupied. For investors, that depth of renter concentration points to a larger tenant base and supports leasing continuity even as cycles shift.
Local living essentials index well: neighborhood grocery access sits in the upper national percentiles and pharmacies are also well represented, while destination amenities such as cafes, restaurants, and parks are comparatively limited. This mix favors everyday convenience over lifestyle retail, which can still underpin stable occupancy for workforce-oriented assets.
Home values in the neighborhood rank among the higher-cost ownership markets nationally, a backdrop that tends to sustain reliance on rental housing and can aid pricing power and lease retention for well-managed assets. At the same time, rent-to-income metrics indicate elevated affordability pressure, suggesting a need for active lease management and renewal strategies.
Within a 3-mile radius, demographics point to a growing renter pool: population and household counts have expanded in recent years, and forecasts call for further household growth by 2028, which can translate into additional demand for rental units. This demand context, combined with neighborhood occupancy near mid-national levels, supports a stable operating outlook for multifamily property research across similar product types in the area.
The asset’s 2013 construction is newer than the local average vintage, which can improve competitive positioning versus older stock; investors should still budget for ongoing systems upkeep and selective updates to maintain leasing velocity.
Safety indicators are mixed. Overall crime levels align roughly with national averages, while property and violent offense measures benchmark in stronger national percentiles, indicating comparatively favorable conditions versus many U.S. neighborhoods. Recent year-over-year estimates point to an uptick, so prudent operators will monitor trends and coordinate with local resources as needed. All references reflect neighborhood-level measures rather than property-specific conditions.
Proximity to regional employers supports a broad workforce renter base and commute convenience for residents, including retail, financial services, medical technology, consumer goods, and legacy retail headquarters.
- Ascena Retail Group — retail (6.7 miles) — HQ
- Prudential Financial — financial services (9.9 miles)
- Becton Dickinson — medical technology (10.6 miles) — HQ
- Pepsico — consumer goods (13.0 miles)
- Toys "R" Us — retail (14.1 miles) — HQ
156 Maple Ave is a 24-unit, 2013-vintage asset in a renter-dense Spring Valley neighborhood. Newer construction relative to nearby stock can help the property compete on maintenance and unit quality, while a high-cost ownership environment locally supports sustained reliance on rental housing. Within a 3-mile radius, population and households have grown, and forecasts point to further household expansion by 2028, reinforcing the tenant base and supporting occupancy stability. Based on CRE market data from WDSuite, neighborhood occupancy trends sit around mid-national levels, with everyday amenities like groceries and pharmacies contributing to day-to-day livability.
Key considerations for underwriting include elevated rent-to-income readings that call for disciplined lease management, and limited lifestyle amenities that may cap top-end rent premiums; nonetheless, employer access across retail, financial services, and medical technology offers a diversified demand base. Investors may also consider selective refresh programs over the hold to preserve competitive positioning as the 2013 systems age.
- Renter-heavy neighborhood and high-cost ownership market sustain demand and support lease retention
- 2013 construction offers competitive positioning versus older local stock
- 3-mile population and household growth, with additional household expansion forecast, supports occupancy stability
- Diverse nearby employers underpin a broad workforce renter base
- Risks: elevated rent-to-income ratios, recent safety trend uptick, and limited lifestyle amenities may temper pricing power