| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 54th | Fair |
| Amenities | 29th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 420 Knights Cor, Stony Point, NY, 10980, US |
| Region / Metro | Stony Point |
| Year of Construction | 1986 |
| Units | 75 |
| Transaction Date | 2017-12-29 |
| Transaction Price | $8,810,000 |
| Buyer | STONY POINT APARTMENTS LLC |
| Seller | HOUSING DEVELOPMENT FUND CO OF CARPENTER |
420 Knights Cor, Stony Point NY Multifamily Investment
Suburban Rockland County location with stable neighborhood occupancy and elevated ownership costs supports durable renter demand, according to WDSuite s CRE market data.
Stony Point is a suburban pocket within the New York Jersey City White Plains metro where home values sit high for the region (neighborhood median positioned in the upper national percentiles), which tends to sustain reliance on rentals and supports pricing power for well-maintained units. Neighborhood occupancy is near the U.S. middle, suggesting steady but competitive leasing conditions rather than outsized volatility, based on CRE market data from WDSuite.
Amenity density is modest: grocery and parks access track around the national middle to upper-middle ranges, while cafes and pharmacies are sparse. For investors, this reads as a car-oriented suburban environment where on-site conveniences and parking can be differentiators. Within the metro wide landscape of 889 neighborhoods, this area ranks below the median on several livability metrics, so properties that add practical amenities or service packages may capture incremental retention.
Renter-occupied share at the neighborhood level is relatively low, indicating a primarily owner-occupied housing stock; however, demographics aggregated within a 3-mile radius show a meaningfully larger renter base alongside a broad income mix and a median household income above national norms. That wider 3-mile catchment is projected to see an increase in households and a slight decrease in average household size over the next five years, implying a larger tenant base and more renters entering the market, which can support occupancy stability for well-positioned assets.
Vintage context matters: the average neighborhood construction year is older than mid-century, while this asset dates to 1986. That relative youth can be a competitive edge versus older stock, though investors should still plan for systems modernization and selective renovations to meet current renter expectations.
Comparable safety data at the neighborhood level is not available in WDSuite for this location. Investors typically benchmark property level operating experience and local police reports against metro norms to understand risk, monitor trend direction, and calibrate security measures and insurance assumptions accordingly.
The employment base within commutable distance features corporate offices spanning consumer goods, retail, technology, finance, and medical devices a mix that supports workforce housing demand and helps retention via diversified job sources. Notable nearby employers include PepsiCo, Ascena Retail Group, IBM, Prudential Financial, and Becton Dickinson.
- PepsiCo consumer goods (12.9 miles)
- Ascena Retail Group retail apparel (14.6 miles) HQ
- IBM technology & services (16.2 miles) HQ
- Prudential Financial financial services (18.5 miles)
- Becton Dickinson medical devices (18.9 miles) HQ
Built in 1986, this 75 unit asset is newer than much of the surrounding neighborhood stock, offering a relative quality advantage while leaving room for value add through systems upgrades and contemporary finishes. High home values in the immediate area reinforce renter reliance on multifamily housing, and neighborhood occupancy trends indicate steady, competitive leasing dynamics rather than outsized churn. Within a 3 mile radius, projections point to an increase in households and slightly smaller household sizes, which translates into a larger tenant base and supports occupancy stability for well positioned properties.
Renter concentration is lower at the block level but deeper across the wider 3 mile market, and median rents benchmark near national mid to upper ranges with rent to income ratios that suggest manageable affordability pressure. Based on commercial real estate analysis from WDSuite, assets that deliver reliable operations, parking, and convenient on site amenities are poised to compete effectively against older local stock.
- 1986 vintage offers competitive positioning versus older neighborhood stock with value add potential
- Elevated home values in Rockland County reinforce rental demand and support pricing power
- 3 mile area projects household growth and a larger renter pool, supporting occupancy stability
- Diversified nearby employers underpin commute convenience and leasing resilience
- Risks: modest neighborhood amenity density and a smaller immediate renter occupied share may heighten competition for qualified tenants