| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 78 Decatur Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2013 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
78 Decatur Ave Spring Valley Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, supporting a stable tenant base and consistent leasing, according to WDSuite’s CRE market data. Neighborhood occupancy trends are steady, offering investors exposure to demand driven more by local fundamentals than by short-term volatility.
Positioned in Spring Valley’s Urban Core, the property benefits from neighborhood conditions that skew renter-oriented: the share of renter-occupied housing units is high compared with most of the New York–Jersey City–White Plains metro’s 889 neighborhoods, indicating depth in the tenant pool. Neighborhood occupancy is stable, hovering around national mid-range levels, which supports day-to-day leasing consistency rather than sharp swings.
Access to daily-needs retail is a relative strength. Grocery availability ranks competitively (top decile nationally) and pharmacies are similarly strong, while cafes, restaurants, and parks are limited by comparison. This mix points to convenience for essentials, with fewer discretionary amenity draws in the immediate blocks. Average school ratings in the neighborhood are lower relative to national benchmarks; investors should underwrite primarily to workforce and family-driven renter demand rather than school-driven premiums.
Construction trends indicate comparatively newer stock at the neighborhood level (average around the late 2000s). With a 2013 vintage, this asset should be competitive against older buildings, though capital planning should still account for mid-life systems and potential modernization to meet today’s renter expectations. Home values in the neighborhood test high versus national levels, reflecting a high-cost ownership market that can sustain multifamily demand and support lease retention.
Within a 3-mile radius, population and household counts have expanded over recent periods and are projected to grow further, pointing to a larger tenant base over time. Household sizes are above typical U.S. patterns and are expected to edge slightly smaller in forecasts, which can support diversified unit-mix appeal. Rents in the 3-mile area have been trending upward and are projected to continue rising, which, combined with a renter share above half of occupied units, suggests ongoing support for occupancy and rent roll growth when paired with prudent affordability management based on WDSuite’s commercial real estate analysis.
Safety indicators are mixed and warrant a balanced view. Within the New York–Jersey City–White Plains metro’s 889 neighborhoods, the neighborhood’s crime rank indicates higher reported crime than many peers at the metro scale. Nationally, overall safety aligns around the middle of the pack, while violent and property offense measures compare favorably versus many neighborhoods nationwide (stronger percentiles). Recent one‑year changes show upticks in reported incidents, so investors should monitor momentum and consider appropriate security measures and resident communication in operations.
Nearby corporate offices provide diverse employment anchors that can support renter demand and retention, particularly for workforce renters seeking short commutes. Key employers include Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys "R" Us.
- Ascena Retail Group — retail apparel corporate offices (6.7 miles) — HQ
- Prudential Financial — financial services (9.9 miles)
- Becton Dickinson — medical technology corporate offices (10.6 miles) — HQ
- PepsiCo — food & beverage corporate offices (12.9 miles)
- Toys "R" Us — retail corporate offices (14.1 miles) — HQ
This 22‑unit, 2013‑vintage asset provides exposure to a renter-heavy neighborhood where occupancy trends are steady and daily-needs retail is strong. High home values locally reinforce reliance on multifamily housing, which can support rent rolls and renewal probability when paired with thoughtful lease management. Based on CRE market data from WDSuite, the area’s renter concentration and stable neighborhood occupancy suggest dependable demand dynamics relative to the broader metro.
Within a 3‑mile radius, population and households have grown and are projected to continue expanding, pointing to a larger tenant base and support for leasing velocity. The 2013 construction year positions the building competitively versus older stock, though investors should plan for mid‑life system refresh and selective upgrades to sustain positioning. Upward rent trends in the 3‑mile area further support NOI durability, balanced against affordability pressures that call for measured pricing and resident retention strategies.
- Renter-heavy neighborhood and steady occupancy support leasing stability
- 2013 vintage offers competitive positioning versus older stock with manageable upgrades
- High-cost ownership market underpins multifamily demand and renewal potential
- 3-mile growth in population and households expands tenant base over time
- Risk: affordability pressure and mixed safety trends require disciplined pricing and operations