| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17 Stephens Pl, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2013 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17 Stephens Pl Spring Valley Multifamily Opportunity
2013 construction positions this asset competitively against nearby stock, with renter demand reinforced by a high-cost ownership market, according to WDSuite’s CRE market data. Neighborhood occupancy is steady and renter-oriented, supporting baseline stability with prudent lease management.
Located in Spring Valley within the New York–Jersey City–White Plains metro, the property benefits from everyday convenience more than lifestyle amenities. Grocery and pharmacy access trends strong (both well above national norms), while cafes, restaurants, and parks are comparatively limited. For investors, this mix typically supports daily-needs tenancy but offers fewer placemaking drivers than amenity-rich submarkets.
Renter-occupied share in the neighborhood is high, indicating a deep tenant base that can support leasing velocity and renewal activity. Neighborhood occupancy is in the low-90% range, suggesting generally stable operations versus broader metro conditions. The local construction profile skews newer than much of the metro, and this 2013 vintage competes well against older product while still warranting routine capital planning as systems age.
Within a 3-mile radius, demographics show recent population growth and a notable increase in households, with forecasts pointing to further renter pool expansion. Median contract rents in the area have trended upward and are projected to continue rising; paired with elevated home values, the high-cost ownership landscape tends to sustain multifamily demand and can support pricing power where operations merit it. At the same time, a relatively high rent-to-income ratio in the neighborhood signals affordability pressure, making renewal strategies and expense controls important for retention.
School ratings in the immediate neighborhood trail national norms, which may be a consideration for family-oriented marketing. Even so, proximity to necessities and a renter-heavy housing mix can underpin workforce demand. These observations are based on commercial real estate analysis using WDSuite’s market benchmarks for the neighborhood versus metro and national cohorts.
Safety indicators show mixed signals when viewed across measures. Relative offense rates compare favorably versus neighborhoods nationwide (with violent and property offense measures landing in high national percentiles), which is supportive for tenant retention and leasing. However, year-over-year change metrics indicate recent increases, so prudent owners should monitor trends and align on-site practices with current conditions.
At the metro level, neighborhood safety performance sits around middle-of-the-pack, while national comparisons read closer to the top quartile. For underwriting, the takeaway is stability today with an eye on trend lines rather than block-level conclusions.
The employment base nearby mixes retail, financial services, healthcare devices, food & beverage, and legacy retail headquarters, supporting commute-friendly renter demand consistent with workforce housing dynamics.
- Ascena Retail Group — retail apparel (6.7 miles) — HQ
- Prudential Financial — financial services (9.8 miles)
- Becton Dickinson — medical technology (10.5 miles) — HQ
- PepsiCo — food & beverage (12.9 miles)
- Toys "R" Us — retail headquarters (14.0 miles) — HQ
This 2013, 40-unit asset competes well against a neighborhood that trends newer by metro standards, offering relative appeal versus older local stock while still calling for routine system updates over the hold period. A high renter-occupied share and neighborhood occupancy in the low-90s provide a foundation for stable collections, and the surrounding 3-mile area shows population and household growth that supports a larger tenant base over time. Elevated home values indicate a high-cost ownership market, which typically sustains rental demand and can bolster pricing power where operations justify it.
Based on CRE market data from WDSuite, rent levels have moved upward and are projected higher, yet the neighborhood’s rent-to-income dynamics warrant careful renewal and expense management to mitigate retention risk. Amenity depth leans toward daily needs rather than experiential offerings, and school ratings trail national norms, so positioning should emphasize value, convenience, and commute access.
- 2013 vintage offers competitive positioning versus older neighborhood stock with manageable capital planning
- High renter concentration and steady neighborhood occupancy support leasing and collections stability
- 3-mile population and household growth expand the tenant base and support long-term demand
- High-cost ownership market reinforces reliance on rentals and potential pricing power
- Risks: affordability pressure (rent-to-income), limited lifestyle amenities, and recent safety trend volatility