| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 5th | Poor |
| Amenities | 31st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9 Elm St, Spring Valley, NY, 10977, US |
| Region / Metro | Spring Valley |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | 2014-07-21 |
| Transaction Price | $358,000 |
| Buyer | BRAUNER ISAAC |
| Seller | RAMAPO LOCAL DEVELOPMENT CORP |
9 Elm St Spring Valley NY Multifamily Investment
Neighborhood renter-occupied share is high and occupancy trends sit near the national middle, according to CRE market data from WDSuite, supporting a durable tenant base for a 24-unit asset. This positioning favors steady leasing while allowing disciplined rent management through cycles.
Located in Spring Valley within the New York–Jersey City–White Plains metro, the neighborhood shows solid rental housing fundamentals for multifamily investors. The neighborhood s housing profile scores in the top quartile nationally, and occupancy in the neighborhood is around the national middle, which supports stable day-to-day operations while limiting exposure to sharp vacancy swings (based on CRE market data from WDSuite).
Amenity access is mixed. Grocery and pharmacy availability are competitive at the neighborhood level (both strong relative to U.S. peers), while cafes, restaurants, and parks are comparatively limited. For investors, this suggests convenience for daily needs with fewer lifestyle draws, a pattern common to workforce-oriented urban core pockets across the metro.
The 3-mile radius around the property shows population growth and an increase in households, with projections pointing to further renter pool expansion. A majority-renter tenure locally (measured as a high share of renter-occupied units) indicates a deep tenant base that can help sustain leasing velocity and occupancy stability.
Home values in the immediate neighborhood rank in the higher range nationally, signaling a high-cost ownership market. In practice, elevated ownership costs tend to reinforce reliance on rental housing, supporting tenant retention and pricing power for well-maintained product. The property s 2012 vintage is newer than the neighborhood s average construction year of 2008, offering competitive positioning versus older stock while still warranting normal mid-life capital planning over the hold.
Safety indicators are mixed and should be framed comparatively rather than block-by-block. Within the New York Jersey City White Plains metro, the neighborhood ranks 135 out of 889 on reported crime, indicating higher incident levels relative to many metro peers. Nationally, overall crime metrics align roughly with the middle of the pack, and some categories benchmark stronger versus national norms; however, recent year-over-year changes point to an uptick in reported incidents. Investors should underwrite with prudent security, lighting, and access-control assumptions and monitor trend direction as new data is released.
Nearby corporate offices provide a diversified white-collar employment base that supports renter demand and commute convenience, led by Ascena Retail Group, Prudential Financial, Becton Dickinson, PepsiCo, and Toys 22R 22 Us.
- Ascena Retail Group corporate offices (7.1 miles) HQ
- Prudential Financial corporate offices (10.3 miles)
- Becton Dickinson corporate offices (11.0 miles) HQ
- Pepsico corporate offices (12.8 miles)
- Toys "R" Us corporate offices (14.5 miles) HQ
This 24-unit property at 9 Elm St benefits from a deep renter base in an urban core neighborhood where renter-occupied housing is prevalent and neighborhood occupancy trends sit near the national middle. Elevated neighborhood home values relative to national norms point to a high-cost ownership market that typically sustains rental demand and supports lease retention for well-operated assets.
The 2012 construction is newer than the neighborhood s average vintage (2008), providing competitive positioning versus older comparables while calling for standard mid-life capital planning. The 3-mile area shows population growth and projected household expansion, which should translate into a larger tenant base and support occupancy stability; according to CRE market data from WDSuite, local rents and incomes indicate affordability pressure that warrants careful lease management and renewal strategies.
- Deep local renter base supports leasing and occupancy stability
- Newer 2012 vintage offers competitive positioning versus older stock
- High home values reinforce reliance on rental housing, aiding retention
- 3-mile population and household growth expand the tenant pool over time
- Risk: Affordability pressure and mixed safety trends require disciplined operations