| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 52 Herrick Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2008 |
| Units | 21 |
| Transaction Date | 2009-09-15 |
| Transaction Price | $630,000 |
| Buyer | KAUFMAN LEOPOLD |
| Seller | BLEIER HEYME |
52 Herrick Ave Spring Valley Multifamily Investment
Stabilized renter demand in an Urban Core setting, with neighborhood occupancy in the low-90% range and a deep renter base, according to WDSuite’s CRE market data.
This Urban Core location in Spring Valley balances everyday convenience with investment fundamentals that matter to multifamily operators. Grocery and pharmacy access is comparatively strong for the area, while restaurants, cafes, and parks are less concentrated—supporting resident essentials without the premium often tied to entertainment-heavy corridors.
Neighborhood occupancy trends sit in the low-90% range, and about two-thirds of housing units are renter-occupied, indicating a broad tenant pool and generally steady leasing conditions. Median contract rents in the neighborhood benchmark on the higher side relative to many U.S. areas, which underscores the need for disciplined leasing and retention management.
Within a 3-mile radius, WDSuite data shows recent population growth alongside a notable increase in households, pointing to renter pool expansion and additional support for occupancy stability. Household incomes in the area have also trended higher over time, which can sustain demand for well-managed workforce and market-rate units.
Home values in the surrounding area are elevated by national standards. In investor terms, a high-cost ownership market generally reinforces reliance on rental housing, supporting depth of demand and reducing the likelihood of rapid move-outs to ownership. School ratings in nearby datasets appear weaker, which can shape resident mix and marketing strategy but does not preclude stable multifamily performance when operations are disciplined.
Safety indicators are mixed and should be evaluated over time. Relative to the New York–Jersey City–White Plains metro, the neighborhood’s crime rank (135 out of 889 metro neighborhoods) suggests higher incidence within the region. Nationally, however, offense benchmarks from WDSuite indicate comparatively favorable positioning for property and violent offenses, while the overall crime index sits near the national middle. Year-over-year offense estimates have risen, so trend monitoring and appropriate security, lighting, and access controls remain prudent operational considerations.
The area draws from a diverse white-collar employment base, with commuter access to regional corporate offices that support renter demand and retention. Key nearby employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — corporate offices (6.7 miles) — HQ
- Prudential Financial — financial services (9.8 miles)
- Becton Dickinson — medical technology (10.5 miles) — HQ
- Pepsico — food & beverage corporate offices (13.0 miles)
- Toys "R" Us — corporate offices (14.0 miles) — HQ
At 21 units, 52 Herrick Ave offers scale suitable for professional management with exposure to a renter-heavy neighborhood. Based on commercial real estate analysis from WDSuite, occupancy in the surrounding area holds in the low-90% range, and elevated home values relative to national benchmarks support sustained reliance on rental housing. Nearby grocery and pharmacy access meet resident essentials, while limited leisure amenities can help moderate turnover from entertainment-driven relocations.
Within a 3-mile radius, population growth and a larger household base point to a growing tenant pool through the forecast period, supporting leasing durability for well-positioned units. That said, higher rent-to-income ratios in the neighborhood call for careful pricing and resident retention strategies to protect collections and minimize churn.
- Renter-heavy neighborhood supports depth of tenant demand and occupancy stability.
- Elevated ownership costs locally reinforce reliance on multifamily housing.
- 3-mile area shows population growth and more households, expanding the renter pool.
- Essential retail access (groceries, pharmacies) aligns with day-to-day renter needs.
- Risk: higher rent-to-income ratios require disciplined pricing and retention management.