| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Allik Way, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2011 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25 Allik Way, Spring Valley NY Multifamily Investment
Neighborhood multifamily occupancy of 98.3% indicates durable leasing conditions, according to WDSuite’s CRE market data, with a deep renter base supporting demand. Newer-vintage stock locally also helps properties like this remain competitive versus older alternatives.
Spring Valley’s Urban Core setting shows strong renter demand signals: the neighborhood’s multifamily occupancy is in the top quartile nationally, and its renter-occupied share is high at 83.1%—together pointing to a large, active tenant base and support for leasing stability. These are neighborhood metrics, not property performance.
At the same time, ownership costs are elevated (median home values trend high for the region), which tends to reinforce reliance on rental housing and can support pricing power. However, a rent-to-income ratio of about 0.68 suggests affordability pressure that owners should manage through renewals and lease strategy.
Amenities are mixed. Cafes and pharmacies are competitive among New York-Jersey City-White Plains neighborhoods (both scoring in high national percentiles), while parks, restaurants, and childcare access are limited within the immediate neighborhood—tenants may rely on nearby nodes for these needs. Median contract rents in the neighborhood sit above national medians and have risen over the last five years, according to WDSuite’s commercial real estate analysis.
Demographic statistics aggregated within a 3-mile radius indicate population and household growth over the past five years, with projections pointing to further expansion through 2028. This suggests a larger renter pool and supports occupancy stability, though household sizes remain relatively large locally, which can influence unit mix preferences.
Vintage context: built in 2011 versus a local average construction year of 2006, the asset is newer than much of the surrounding stock. That positioning can improve competitive leasing dynamics versus older buildings, while still warranting planning for mid-life system updates and selective modernization.
Comparable neighborhood safety data was not available in WDSuite for this location. Investors typically benchmark neighborhood trends against metro and national baselines, review recent police reports, and assess property-level measures (lighting, access control) to contextualize risk. Avoid block-level conclusions and rely on multiple sources to gauge trend direction.
Proximity to established corporate employers underpins commuter demand and helps broaden the renter base. Notable nearby employers include Ascena Retail Group, Prudential Financial, PepsiCo, Becton Dickinson, and IBM.
- Ascena Retail Group — corporate offices (8.8 miles) — HQ
- Prudential Financial — corporate offices (11.9 miles)
- Pepsico — corporate offices (11.9 miles)
- Becton Dickinson — corporate offices (12.8 miles) — HQ
- Ibm — corporate offices (16.2 miles) — HQ
The investment case centers on durable renter demand and competitive positioning. The neighborhood records top-quartile occupancy nationally and a high renter-occupied share, pointing to depth of the tenant base and support for lease-up and retention. Built in 2011, the property is newer than the local average vintage, which can aid competitiveness versus older stock, while still calling for prudent mid-life capital planning. According to CRE market data from WDSuite, elevated ownership costs in the area reinforce reliance on multifamily, though rent-to-income levels warrant careful affordability and renewal management.
Within a 3-mile radius, recent and projected gains in population and households suggest a growing renter pool through 2028, supporting demand resiliency. Amenities are mixed—strong for daily needs like pharmacies and cafes, thinner for parks and restaurants—so marketing should emphasize access to nearby nodes and transit corridors.
- Top-quartile neighborhood occupancy and high renter concentration support leasing stability
- 2011 vintage offers competitive positioning versus older area stock with manageable mid-life CapEx
- Elevated ownership costs in the area tend to sustain multifamily demand
- 3-mile population and household growth expands the tenant base through the forecast period
- Risk: higher rent-to-income ratios and thinner park/restaurant access require affordability and amenity strategy