| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 28 Ostereh Blvd, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2008 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
28 Ostereh Blvd Spring Valley Multifamily Investment
Neighborhood occupancy is strong and above typical metro levels, supporting stable leasing fundamentals for a 22-unit asset, according to WDSuite’s CRE market data. Positioning near regional job centers further underpins renter demand in Spring Valley, NY.
Demand indicators are favorable for multifamily. The neighborhood s occupancy is high and in the top quartile nationally, signaling durable lease-up and renewal conditions relative to many U.S. areas (based on WDSuite s CRE market data for the neighborhood, not the property).
Renter concentration is elevated, with a large share of housing units renter-occupied, which deepens the tenant base and can support consistent absorption. At the same time, rent-to-income metrics indicate affordability pressure in the immediate neighborhood, so proactive lease management and value positioning remain important for retention.
Amenities show a mixed profile. Caf e9 and pharmacy density sit in the high national percentiles, while parks, restaurants, and childcare options rank lower. Overall amenity rank is below the metro median (rank 598 among 889 New York Jersey City White Plains metro neighborhoods), suggesting investors should underwrite convenience primarily to everyday services rather than destination retail.
Ownership costs in the neighborhood are elevated versus national norms (home values benchmark high nationally), which tends to reinforce renter reliance on multifamily housing and can support pricing power. By contrast, local household incomes in neighborhood data trend lower, pointing to a mixed-income context where value-oriented unit finishes and measured rent growth strategies may outperform.
Within a 3-mile radius, demographics indicate population and household growth with a larger-family profile (average household size near four and edging up). This combination points to a growing renter pool and potential demand for larger units, supporting occupancy stability over the medium term.
Vintage context: the property s 2008 construction is slightly newer than the neighborhood s average vintage (ranked 7 of 889 metro neighborhoods for newer stock), which can enhance competitive positioning versus older assets. Investors should still plan for mid-life system updates and targeted common-area upgrades to maintain rentability.
Comparable safety benchmarking for this neighborhood is not available in WDSuite s dataset at this time. Investors typically supplement with municipal reports and insurer or lender diligence to gauge trend direction versus the broader New York Jersey City White Plains region.
Proximity to regional employers supports workforce housing demand and commuting convenience, including Ascena Retail Group, PepsiCo, Prudential Financial, Becton Dickinson, and IBM.
- Ascena Retail Group apparel retail (8.9 miles) HQ
- PepsiCo food & beverage (11.7 miles)
- Prudential Financial financial services (11.8 miles)
- Becton Dickinson medical technology (12.8 miles) HQ
- IBM information technology & services (16.0 miles) HQ
28 Ostereh Blvd offers a 2008-vintage, 22-unit footprint positioned in a neighborhood with high occupancy and a deep renter base, supporting steady absorption and renewal trends. Elevated ownership costs in nearby for-sale housing reinforce reliance on rental options, while 3-mile demographics point to population and household growth that can expand the tenant pool. According to CRE market data from WDSuite, local amenity access is strongest for daily-needs services, which aligns with workforce renters prioritizing convenience.
The asset s slightly newer vintage versus much of the local stock enhances competitive positioning, though investors should plan for mid-life systems, common-area refreshes, and unit modernization where returns justify. Underwriting should acknowledge affordability pressure in the immediate neighborhood and modest destination-amenity depth, balancing rent growth with retention-focused operations.
- High neighborhood occupancy and strong renter concentration support leasing stability
- 2008 construction provides a competitive edge versus older local inventory
- Elevated home values nearby reinforce sustained rental demand and pricing power
- 3-mile population and household growth expand the renter pool and support renewals
- Risks: neighborhood affordability pressure and limited destination amenities may temper rent growth