| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 33 Twin Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2013 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
33 Twin Ave Spring Valley Multifamily Investment (2013)
High home values and a renter-occupied majority in the neighborhood point to durable apartment demand and pricing power, according to WDSuite’s CRE market data.
Livability supports workforce-oriented multifamily. Neighborhood grocery and pharmacy access score well compared with areas nationwide, while restaurants, cafes, parks, and publicly rated schools are limited. For investors, that mix suggests daily-needs convenience with fewer lifestyle amenities to differentiate leasing.
The local housing stock trends newer than the metro average, and a 2013 construction year positions this asset competitively versus older nearby inventory. Newer assets often see fewer near-term capital replacements, though investors should still underwrite for building-system upkeep and selective modernization over a typical hold.
The neighborhood shows a strong renter-occupied share (about two-thirds of units), indicating a deep tenant base and demand stability for multifamily operators. Neighborhood occupancy sits in the low-90s and tracks near national norms, providing a reasonable backdrop for lease retention and renewal strategies.
Demographic statistics aggregated within a 3-mile radius show broad population and household growth over the past five years, with households expected to expand further by 2028. A larger household base and slightly smaller average household size over time point to more renters entering the market, supporting occupancy stability and absorption. Median contract rents in the 3-mile area have risen, reinforcing the need for proactive lease management.
Ownership costs are elevated relative to incomes at the neighborhood level, with home values high by national standards. In investor terms, a high-cost ownership market tends to reinforce reliance on rental housing, which can aid leasing velocity and reduce move-outs when renewal pricing is aligned with renter affordability.
Safety signals are mixed. Compared nationally, neighborhood-level indicators for violent and property offenses benchmark in stronger percentiles, suggesting comparatively safer conditions than many U.S. neighborhoods. Within the New York–Jersey City–White Plains metro, however, the area sits closer to the higher-crime end among 889 neighborhoods, so investors should calibrate underwriting to metro-relative norms rather than national averages.
Recent year-over-year readings indicate an uptick in both property and violent offense estimates. While single-year movements can be noisy, it is prudent to incorporate conservative assumptions for security measures, insurance, and contingency reserves, and to track updates to municipal and community safety initiatives over the hold period.
Nearby corporate nodes provide a diversified employment base that supports renter demand through commute convenience, led by retail apparel, financial services, medical technology, food & beverage, and legacy retail headquarters.
- Ascena Retail Group — retail apparel (6.98 miles) — HQ
- Prudential Financial — financial services (10.09 miles)
- Becton Dickinson — medical technology (10.83 miles) — HQ
- Pepsico — food & beverage (12.76 miles)
- Toys "R" Us — retail (14.36 miles) — HQ
This 26-unit, 2013-built asset in Spring Valley is positioned for durable renter demand. The neighborhood’s renter-occupied concentration and nationally strong safety benchmarking, paired with high-cost homeownership, support steady absorption and lease retention. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends in the low-90s and grocery/pharmacy access outpaces national averages, while limited restaurants, cafes, and school ratings temper the amenity story.
Vintage provides relative competitiveness versus older stock, with potential to enhance returns through targeted interior upgrades and building-system planning over the hold. Demographic statistics within a 3-mile radius indicate population and household growth to 2028, enlarging the renter pool. Affordability pressure is a consideration—elevated rent-to-income and value-to-income ratios warrant disciplined renewal strategies and resident retention programs.
- Renter-occupied majority and near-norm occupancy support stable demand and renewals
- 2013 vintage offers competitive positioning with manageable capital planning
- High-cost ownership market reinforces multifamily reliance and leasing velocity
- Expanding 3-mile household base points to a larger renter pool through 2028
- Risk: affordability pressure and limited lifestyle amenities require careful pricing and retention tactics