| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26 Ostereh Blvd, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2008 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
26 Ostereh Blvd Spring Valley Multifamily Investment
Neighborhood occupancy remains high and home values are elevated, pointing to durable renter demand in Spring Valley according to WDSuite’s CRE market data. The property s 2008 vintage offers competitive positioning versus older stock while allowing for targeted upgrades as systems reach mid-life.
This Urban Core neighborhood shows strong renter demand signals, with neighborhood occupancy trending in the low-to-high 90s and measured at 98.3% for the neighborhood, a level that ranks competitive among 889 metro neighborhoods and in the top quartile nationally, based on CRE market data from WDSuite. Within a 3-mile radius, roughly two-fifths of housing units are renter-occupied, providing a meaningful tenant base for multifamily leasing and renewals.
Local amenity access is mixed. Caf es and pharmacies score in the top quartile nationally, while parks and formal childcare options are limited in the immediate neighborhood. For investors, this combination can support daily convenience for residents, though properties may benefit from on-site or nearby greenspace and family-friendly features to differentiate.
Ownership costs are high in the neighborhood, with home values positioned well above national norms. In practice, a high-cost ownership market tends to sustain renter reliance on multifamily housing and can support pricing power, but it also calls for diligent lease management where rent-to-income ratios run elevated, as indicated by neighborhood data.
Demographics aggregated within a 3-mile radius point to population and household growth over recent years, with projections indicating further expansion. A larger nearby population and increasing household counts typically translate into a broader renter pool, supporting occupancy stability and absorption for well-managed assets.
Construction in the immediate area skews relatively new by metro standards, and this asset s 2008 construction places it slightly newer than the neighborhood average. That positioning can reduce near-term capital exposure versus older comparables while still leaving room for value-add via unit refreshes and select common-area improvements.
Comparable and trend-based context is the most reliable way to evaluate safety. For this neighborhood, WDSuite s dataset does not include a current crime rank or national percentile, so investors should reference municipal and county reports and compare trends against peer neighborhoods in the New York Jersey City White Plains metro. Use consistent metrics over time to gauge directionality rather than relying on single-year snapshots.
The broader Spring Valley Rockland/Westchester area hosts a diverse white-collar employment base that supports commuter demand for rentals. Notable nearby employers span retail headquarters, healthcare products, consumer beverages, financial services, and technology offices referenced below.
- Ascena Retail Group corporate offices (8.8 miles) HQ
- Pepsico consumer beverages (11.7 miles)
- Prudential Financial financial services (11.8 miles)
- Becton Dickinson healthcare products (12.8 miles) HQ
- Ibm technology & services (16.0 miles) HQ
26 Ostereh Blvd is a 2008-built, small-scale multifamily asset positioned in a neighborhood where occupancy performance is strong and local ownership costs are high relative to incomes. That combination typically supports renter demand and retention, while the asset s vintage offers competitive standing versus older stock and a manageable path for value-add through targeted interior and common-area updates. According to commercial real estate analysis from WDSuite, the surrounding area has added population and households within a 3-mile radius, with projections indicating continued growth a dynamic that generally expands the renter pool and supports lease-up and renewal prospects.
Investor considerations include elevated rent-to-income ratios at the neighborhood level, which suggest careful pricing and retention strategies, and pockets of limited parks/childcare amenities, which may warrant on-site enhancements to bolster appeal. Overall, the demand side appears resilient, and the property s mid-2000s construction helps contain near-term capital exposure while leaving room for strategic repositioning.
- Strong neighborhood occupancy supports leasing stability relative to metro peers.
- High-cost ownership market sustains renter reliance and pricing power potential.
- 2008 vintage offers competitive positioning with targeted value-add potential as systems reach mid-life.
- 3-mile population and household growth expands the tenant base and supports renewals.
- Risks: elevated rent-to-income ratios and limited local parks/childcare amenities require thoughtful lease management and on-site programming.