| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 12th | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 71 Francis Pl, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2007 |
| Units | 29 |
| Transaction Date | 2008-01-02 |
| Transaction Price | $630,000 |
| Buyer | EKSTEIN ABRAHAM |
| Seller | KLAGSBRUN JACOB |
71 Francis Pl Spring Valley Multifamily — Renter-Centric Demand
Neighborhood data points to a deep renter base and above-average occupancy stability for the area, according to WDSuite’s CRE market data. This positioning supports consistent leasing for a 29-unit asset while leaving scope to manage affordability pressure thoughtfully.
Located in Spring Valley within the New York–Jersey City–White Plains metro, the property sits in a neighborhood with above the metro median occupancy and a renter-occupied housing share that is among the highest nationwide. For investors, this signals a large tenant pool and supports day-to-day leasing resilience even as pricing must be calibrated to income conditions.
Home values in the neighborhood are elevated versus national norms, placing ownership in a high-cost category. That dynamic typically sustains reliance on rental housing and can underpin retention, while the neighborhood’s rent-to-income profile suggests careful lease management to limit turnover risk. Median contract rents in the area are relatively high versus many U.S. neighborhoods, reinforcing the need for disciplined renewal strategies.
Amenities are limited within the immediate blocks by national comparison, though childcare coverage is comparatively strong locally. For a renter base that values convenience, this mix can still support daily living, but on-site and nearby service offerings may matter more for retention than in amenity-dense urban cores.
Within a 3-mile radius, population and households have grown over the last five years, and forecasts indicate further expansion by 2028. This points to a larger tenant base and continued renter pool expansion, supporting occupancy stability relative to the broader metro cycle. Housing tenure in the same radius skews slightly renter-occupied, which complements the neighborhood-level renter concentration and reinforces depth of demand.
Safety signals are mixed and should be assessed in context. Metro-relative rankings indicate higher crime exposure than many New York–Jersey City–White Plains neighborhoods, yet national percentiles show stronger standing on key categories: property offense rates sit in the top tier nationally (safer than most), and violent offense levels are also comparatively favorable.
Recent year-over-year trends show volatility in violent offense measures, so investors should underwrite with conservative assumptions and emphasize lighting, access control, and resident engagement. Benchmarking to peer assets and monitoring neighborhood trends over time can help calibrate operating practices.
Regional employment anchors within commuting distance support renter demand and help stabilize leasing, particularly for workforce households. Nearby employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — corporate offices (6.8 miles) — HQ
- Prudential Financial — corporate offices (10.3 miles)
- Becton Dickinson — medical technology corporate offices (10.8 miles) — HQ
- PepsiCo — consumer goods corporate offices (13.1 miles)
- Toys "R" Us — corporate offices (14.3 miles) — HQ
Built in 2007, the asset is relatively newer than much of the surrounding housing stock, offering competitive appeal versus older properties while approaching mid-life system timelines that warrant proactive capital planning. The neighborhood exhibits above-median occupancy for the metro and an exceptionally high share of renter-occupied units, which supports demand depth and day-to-day leasing stability. Elevated ownership costs locally also tend to sustain renter reliance on multifamily housing, though rent-to-income levels call for careful renewal and exposure management. These fundamentals, combined with steady population and household growth within a 3-mile radius, position the property for durable demand across cycle turns.
According to CRE market data from WDSuite, neighborhood occupancy trends sit above national averages while the local ownership market remains high-cost, a mix that favors retention when pricing discipline is maintained. Investors should balance these strengths against modest amenity density nearby and monitor safety trends, using property-level operations to reinforce resident experience.
- Renter depth: neighborhood shows one of the highest renter-occupied housing shares nationally, supporting steady tenant demand.
- Occupancy resilience: above the metro median and above national averages, aiding leasing stability through cycles.
- 2007 vintage: competitive versus older stock with mid-life systems; plan targeted CapEx for ongoing reliability.
- High-cost ownership market: elevated home values reinforce multifamily reliance and potential retention.
- Risks: limited amenity density and mixed safety signals; manage rent-to-income exposure and maintain strong site operations.