| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 67 Decatur Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2009 |
| Units | 22 |
| Transaction Date | 2011-06-23 |
| Transaction Price | $425,000 |
| Buyer | BERGER BENJAMIN |
| Seller | LANDAU MORDECHY |
67 Decatur Ave, Spring Valley NY Multifamily Investment
Renter demand is supported by a high renter-occupied share in the neighborhood and elevated ownership costs, according to WDSuite’s CRE market data, suggesting consistent leasing fundamentals for well-managed assets.
Spring Valley’s Urban Core setting offers practical access to daily needs, with grocery and pharmacy availability testing strong versus national norms, while restaurants, cafes, and parks are relatively limited. For investors, that mix points to convenient essentials but fewer lifestyle anchors, which can shape leasing narratives and amenity strategies.
Neighborhood occupancy is around the national middle, and the share of renter-occupied housing units is high for the metro, indicating a deep tenant base and supportive demand for multifamily. Elevated home values compared with national benchmarks define a high-cost ownership market, which typically sustains reliance on rental housing and can aid lease retention.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to expand further by 2028, implying a larger tenant base and potential for steady absorption. Household incomes in the 3-mile area have also risen, reinforcing the capacity for rent growth management, though affordability will still require attention where rent-to-income levels run high.
Relative to the New York–Jersey City–White Plains metro, the neighborhood’s housing stock trends newer than many peers, which helps competitive positioning for assets built in the late-2000s while still leaving room for selective modernization. This mix aligns with investor priorities surfaced through careful commercial real estate analysis from WDSuite, emphasizing demand depth over amenity-driven premiums.
Safety metrics are mixed. Overall crime levels sit near the national midpoint, but violent and property offense measures benchmark favorably versus many U.S. neighborhoods (closer to the safer end of national comparisons). As with most urban nodes, year-over-year changes have shown some recent upticks, so prudent owners typically monitor trends and coordinate with residents on standard safety practices.
At the metro level (New York–Jersey City–White Plains, 889 neighborhoods total), the neighborhood compares competitively on several safety indicators but not uniformly across all categories. For underwriting, it’s reasonable to assume average conditions with variability by block and time of day, and to prioritize lighting, access control, and community engagement in operating plans.
Proximity to established corporate employers supports a commuter renter base and can bolster retention, with nearby roles in retail headquarters, medical technology, consumer goods, and financial services reflected below.
- Ascena Retail Group — retail apparel HQ (6.7 miles) — HQ
- Prudential Financial — financial services offices (9.8 miles)
- Becton Dickinson — medical technology HQ (10.5 miles) — HQ
- Pepsico — consumer goods corporate offices (12.9 miles)
- Toys "R" Us — retail HQ (14.1 miles) — HQ
67 Decatur Ave is a 22-unit, late-2000s vintage asset positioned in a neighborhood with a high share of renter-occupied housing units and home values well above national norms. That combination typically supports leasing stability: renters rely on multifamily housing and the tenant base is deep. Within a 3-mile radius, population and household growth point to ongoing renter pool expansion, supporting occupancy and absorption over the medium term. According to CRE market data from WDSuite, local occupancy trends are near national norms, so execution and unit-level positioning drive outperformance.
Built in 2009, the property should remain competitive versus older stock while still benefiting from targeted modernization to enhance rentability. Ownership costs in the area are elevated relative to incomes, which can reinforce rental demand but also requires attentive lease management where rent-to-income ratios are stretched. Recent safety metrics show favorable standing nationally on violent and property offenses, though year-over-year shifts warrant routine monitoring as part of risk management.
- Deep renter-occupied base and high ownership costs support sustained multifamily demand
- 3-mile population and household growth indicate a larger tenant pool and steady absorption
- 2009 vintage offers competitive positioning with selective value-add and modernization upside
- Operating focus: manage affordability pressure where rent-to-income runs high to protect retention
- Risk watch: mixed but improving safety indicators with recent year-over-year variability