| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19 Berdichev Way, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2012 |
| Units | 22 |
| Transaction Date | 2013-07-18 |
| Transaction Price | $280,000 |
| Buyer | BERGER JACOB |
| Seller | TRUMAN AVENUE TOWNHOUSES LLC |
19 Berdichev Way, Spring Valley NY Multifamily Investment
Neighborhood occupancy is elevated and renter demand is deep, based on CRE market data from WDSuite, indicating stable tenancy drivers for a 22-unit asset in Spring Valley.
Livability supports workforce-oriented multifamily near 19 Berdichev Way. Daily-needs access is solid: cafes and pharmacies are strong compared with national peers, and cafe density is competitive among New York–Jersey City–White Plains neighborhoods (ranked toward the better end out of 889). Grocery access is serviceable, while parks, restaurants, and childcare options are thinner locally — an item to weigh for family-oriented tenants.
From an operations standpoint, the neighborhood s occupancy is in the top quartile nationally, according to WDSuite s CRE market data, which can support leasing stability. The share of housing units that are renter-occupied is very high, pointing to a sizable tenant base and consistent absorption for multifamily. With a 2012 construction year, the property is newer than the neighborhood s average vintage (2006), offering relative competitiveness versus older stock; plan for routine modernization over time to maintain positioning.
Three-mile demographics indicate population and household growth in recent years, with forecasts calling for further increases by 2028. This expansion suggests a larger renter pool and supports occupancy stability for well-managed assets. Median incomes in the 3-mile radius are higher than the immediate neighborhood s figures, which can broaden the prospective tenant base for renovated units and measured rent positioning.
Home values in the neighborhood are elevated versus national norms, reinforcing reliance on rental housing. At the same time, rent-to-income metrics at the neighborhood level point to affordability pressure, which warrants attentive lease management and amenity-value alignment to sustain retention. Overall, fundamentals are mixed but investable: strong occupancy and renter concentration balanced against limited park/childcare access and careful affordability stewardship.
Comparable safety benchmarking for this specific neighborhood is not available in WDSuite s current CRE dataset. Investors typically evaluate safety in context with the broader New York Jersey City White Plains metro, using multi-year trends rather than block-level snapshots. Monitoring local law enforcement updates and metro-level indices over time can help contextualize tenant retention and insurer assumptions.
Regional employment anchors within commuting distance include corporate offices in apparel retail, food & beverage, financial services, medical devices, and technology, supporting renter demand and lease retention through diverse white-collar job bases.
- Ascena Retail Group apparel retail (8.9 miles) HQ
- PepsiCo food & beverage (11.6 miles)
- Prudential Financial financial services (11.8 miles)
- Becton Dickinson medical devices (12.8 miles) HQ
- IBM technology (15.9 miles) HQ
The investment case centers on durable renter demand and high neighborhood occupancy, with a renter-occupied housing share that signals depth of the tenant base. The 2012 vintage offers competitive positioning versus older stock common in the area, with scope for targeted upgrades to drive retention and capture measured rent premiums. Three-mile demographics show population and household growth, with forecasts indicating a larger renter pool by 2028, supporting stabilized performance.
Elevated home values in the neighborhood reinforce reliance on multifamily, while affordability pressure at the neighborhood level suggests disciplined lease management and value-focused amenities. According to CRE market data from WDSuite, occupancy trends are strong relative to national peers, which can underpin steady cash flow when paired with prudent expense control and capital planning.
- High neighborhood occupancy and deep renter-occupied share support leasing stability.
- 2012 construction provides competitive positioning versus older local stock with light modernization potential.
- Three-mile population and household growth expand the tenant base and support long-term demand.
- Elevated home values sustain renter reliance, aiding pricing power for well-managed units.
- Risks: affordability pressure and limited parks/childcare/restaurant density warrant careful leasing strategy and amenity planning.