| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 76 Decatur Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2021-03-15 |
| Transaction Price | $710,000 |
| Buyer | JUNGREIS YAKOV |
| Seller | LAMPIN ARON |
76 Decatur Ave Spring Valley Multifamily Investment
Renter demand is supported by a high-cost ownership market and solid neighborhood occupancy, according to WDSuite’s CRE market data. For investors, the depth of the renter pool points to durable leasing with measured pricing power.
Located in Spring Valley within the New York–Jersey City–White Plains corridor, the property sits in an Urban Core neighborhood where grocery and pharmacy access are strong relative to many areas nationally, while cafes, parks, and restaurants are thinner. This mix supports everyday convenience for residents but limits lifestyle amenities that typically drive premium rents.
Neighborhood occupancy is steady (neighborhood-level, not property-specific) and sits near the national mid-range, which generally supports income stability through cycles. The share of housing units that are renter-occupied is high compared with most neighborhoods nationwide, indicating a deeper tenant base and consistent multifamily demand.
Home values in the neighborhood are elevated versus national norms, which tends to sustain reliance on rental housing and can support retention and pricing discipline for well-positioned assets. Median asking rents are also comparatively high, so lease management should balance rent growth with affordability to reduce turnover risk.
Demographic statistics are aggregated within a 3-mile radius: population and households have grown in recent years and are projected to continue expanding through the next five years, pointing to a larger tenant base over time. Income measures have strengthened and are forecast to rise further, supporting rent capacity; together, these dynamics contribute to demand resilience for professionally managed communities, based on commercial real estate analysis from WDSuite.
At the neighborhood level (not the property), overall safety benchmarks sit around the national middle, but estimated violent and property offense rates compare favorably to many neighborhoods nationwide (higher safety percentiles). Recent one-year trend estimates point to an uptick, so investors should underwrite with prudent assumptions and monitor local enforcement and community programs over time.
Nearby corporate offices provide a diverse employment base and commute convenience that can support renter demand and lease retention. Key employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — apparel retail HQ (6.7 miles) — HQ
- Prudential Financial — insurance & financial services (9.9 miles)
- Becton Dickinson — medical technology (10.6 miles) — HQ
- PepsiCo — food & beverage corporate offices (12.9 miles)
- Toys "R" Us — retail corporate offices (14.1 miles) — HQ
Built in 2013, this 24-unit asset is newer than much of the surrounding stock, offering relative competitiveness versus older properties while still warranting planning for system updates over the next hold. Strong renter concentration and elevated ownership costs in the neighborhood underpin a broad tenant base, and neighborhood occupancy trends sit near the national mid-range, supporting income durability. According to CRE market data from WDSuite, demographic momentum within a 3-mile radius — including population and household growth and rising incomes — reinforces long-run leasing depth.
Key underwriting considerations include rent-to-income pressure at the neighborhood level, thinner lifestyle amenities, school ratings that trail metro norms, and recent safety trend volatility. These factors argue for conservative renewal assumptions and active resident engagement to sustain retention.
- 2013 vintage with competitive positioning versus older stock; plan for mid-cycle system updates
- High renter-occupied share supports depth of tenant base and leasing stability
- Elevated ownership costs reinforce reliance on rentals and potential pricing discipline
- 3-mile demographics show growth in population, households, and incomes, supporting demand
- Risks: affordability pressure, limited lifestyle amenities, softer school ratings, and recent safety trend uptick