| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 90th | Best |
| Demographics | 2nd | Poor |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 Truman Ave, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2016-09-15 |
| Transaction Price | $305,000 |
| Buyer | MAZAL UBRACHA TRUST |
| Seller | TRUMAN AVENUE TOWNHOUSES LLC |
80 Truman Ave Spring Valley Multifamily Investment
Neighborhood occupancy is about 98% in this part of Spring Valley, signaling leasing stability for a 24-unit asset, according to WDSuite’s CRE market data. Newer 2010s vintage relative to local stock supports competitive positioning without immediate heavy capex.
Located in Spring Valley within the New York–Jersey City–White Plains metro, the neighborhood posts high occupancy (ranked 99th among 889 metro neighborhoods and in the top quartile nationally), indicating steady renter demand and lower downtime risk. The neighborhood is rated C- and ranks 815 of 889 locally, so investors should underwrite conservatively for management intensity even as occupancy conditions remain supportive.
Daily-needs access is a relative strength: café and pharmacy density both sit in the 90th-plus national percentiles, and grocery access is above average nationally. On the other hand, parks and formal childcare options are sparse by national comparison. This mix points to functional convenience for residents while suggesting selective amenity upgrades could differentiate the property.
The area’s housing context leans rental: the share of housing units that are renter-occupied is very high (among the highest nationally), which expands the tenant base and can support occupancy stability for multifamily owners. Elevated home values (near the top decile nationally) create a high-cost ownership market, which typically sustains reliance on rental housing and can bolster pricing power when paired with effective lease management.
The property’s 2013 construction is newer than the neighborhood’s mid-2000s average vintage, positioning it competitively versus older stock. For investors, this typically translates to reduced near-term capital planning focused on modernization and common-area refreshes rather than major systems overhauls.
Demographic statistics aggregated within a 3-mile radius show population and household growth over the last five years, with further increases projected, implying a larger tenant base over time. Median contract rents in the 3-mile area have risen and are projected to continue growing, supporting revenue durability when paired with disciplined affordability and renewal strategies.
Comparable crime metrics for this neighborhood are not available in the current WDSuite dataset. Investors typically benchmark safety using multiple sources and trend views at the neighborhood and municipal levels to inform underwriting, staffing, and security design.
Nearby corporate offices provide a diversified employment base that supports renter demand through commute convenience, including apparel retail, food and beverage, financial services, medical technology, and technology.
- Ascena Retail Group — apparel retail (8.8 miles) — HQ
- PepsiCo — food & beverage (11.6 miles)
- Prudential Financial — financial services (11.7 miles)
- Becton Dickinson — medical technology (12.8 miles) — HQ
- IBM — technology (15.9 miles) — HQ
This 24-unit, 2013-vintage asset benefits from a neighborhood with high occupancy and a deep renter base, while its newer construction relative to local averages enhances competitiveness against older supply. Elevated home values in the area reinforce renter reliance on multifamily housing, supporting lease retention and pricing power when managed thoughtfully. Based on commercial real estate analysis from WDSuite, the surrounding 3-mile area shows recent and projected population and household growth, which expands the tenant pool and supports long-run absorption.
Investors should balance these strengths with pragmatic underwriting around affordability pressure and management needs typical of C-range neighborhoods. Amenity-light public infrastructure (notably parks and formal childcare) creates an opportunity for on-site or partnership enhancements that can aid retention and justify incremental rent.
- High neighborhood occupancy and deep renter-occupied housing share support stable leasing
- 2013 construction offers competitive positioning versus older local stock and moderates near-term capex
- Elevated ownership costs in the area sustain multifamily demand and pricing power with disciplined lease management
- 3-mile population and household growth expand the tenant base and support absorption, per WDSuite data
- Risks: affordability pressure and C- neighborhood operations; selective amenity and service upgrades can mitigate