| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Ostereh Blvd, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | 2017-12-05 |
| Transaction Price | $50,000 |
| Buyer | SB LEGACY TRUST |
| Seller | SARA BERGER TRUST |
30 Ostereh Blvd Spring Valley Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data, with the area’s renter concentration supporting leasing stability. Recent trends indicate pricing power may be tempered by affordability pressures in the surrounding neighborhood rather than at the property level.
Spring Valley’s neighborhood shows resilient occupancy dynamics for investors: neighborhood occupancy is strong and sits in the top quartile nationally, and ranks competitively within the New York–Jersey City–White Plains metro (99 out of 889 metro neighborhoods). These metrics describe neighborhood conditions, not this property’s operations, but they signal depth of tenant demand that can support stable lease-up and retention.
The renter-occupied share of housing units in the neighborhood is among the highest in the metro (ranked 34 of 889), indicating a deep tenant base for multifamily. Median contract rents in the neighborhood have risen over the past five years, and WDSuite’s commercial real estate analysis suggests this renter concentration can help sustain occupancy, though rent-to-income ratios indicate careful lease management is prudent.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue rising, expanding the potential renter pool. Forecasts also show further gains in household incomes over the next five years, supporting demand for quality rental housing and aiding retention where units are positioned to local budgets.
Local amenity access is mixed: grocery and pharmacy density score well versus national peers, while restaurants, parks, and childcare options are relatively limited in the immediate neighborhood. For investors, this combination suggests everyday convenience for residents alongside potential trade-offs on lifestyle amenities that may influence marketing and unit positioning.
The building’s 2011 vintage is newer than the neighborhood’s average construction year, which can enhance competitive positioning versus older stock; investors should still plan for mid-life system upgrades and selective modernization to meet renter expectations.
Home values in the neighborhood are elevated relative to incomes, a high-cost ownership context that tends to reinforce reliance on rental housing. That said, rent-to-income levels in the area point to affordability pressure, which is a consideration for renewal strategies and pricing.
Comparable crime data for this neighborhood are not available in the current WDSuite release. Investors typically benchmark neighborhood safety against metro and county trends when data are accessible and track multi-year patterns rather than single-year snapshots.
Given the absence of a metro rank or national percentile for this location, a prudent approach is to supplement with local public reports and property-level incident tracking to inform underwriting and asset management assumptions.
Nearby corporate offices provide diverse employment nodes that support renter demand via short commutes, including retail, consumer goods, finance, medical technology, and technology firms listed below.
- Ascena Retail Group — corporate offices (8.9 miles) — HQ
- Pepsico — consumer goods (11.7 miles)
- Prudential Financial — financial services (11.8 miles)
- Becton Dickinson — medical technology (12.8 miles) — HQ
- Ibm — technology (16.0 miles) — HQ
This 24-unit property’s 2011 construction offers a competitive edge versus older neighborhood stock, helping with tenant attraction and reduced near-term capital uncertainty relative to pre-2000 assets. Neighborhood occupancy stands in the top quartile nationally, and based on CRE market data from WDSuite, the high share of renter-occupied housing units in the area supports a durable tenant base and leasing stability.
Within a 3-mile radius, recent and projected gains in population and households point to a larger renter pool ahead, which can support occupancy and measured rent growth. Elevated ownership costs in the neighborhood further sustain rental demand; however, rent-to-income levels signal affordability pressure, suggesting a focus on renewals, unit mix, and amenity positioning. Mid-life systems planning is appropriate for a 2011 asset to maintain competitive standing and capture value through selective updates.
- Newer 2011 vintage enhances competitiveness versus older local stock
- Strong neighborhood occupancy and high renter-occupied share support leasing stability
- 3-mile population and household growth expands the tenant base
- Elevated local home values reinforce reliance on multifamily housing
- Risks: affordability pressure (rent-to-income), limited nearby parks/childcare, and ongoing mid-life capital needs