| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Poor |
| Demographics | 54th | Fair |
| Amenities | 29th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8 Nancy Ln, Stony Point, NY, 10980, US |
| Region / Metro | Stony Point |
| Year of Construction | 2013 |
| Units | 26 |
| Transaction Date | 2003-10-03 |
| Transaction Price | $120,000 |
| Buyer | WEBER MARCUS |
| Seller | KALMAN ELLIOT |
8 Nancy Ln Stony Point NY Multifamily Investment
Newer construction relative to local housing stock supports competitive positioning and leasing efficiency, according to WDSuite’s CRE market data. Neighborhood occupancy trends are steady and ownership costs are elevated for the region, which can help sustain renter demand.
Stony Point is a suburban location where daily needs are primarily met by short drives rather than foot traffic. Amenity access skews to parks and open space, while cafes and pharmacies are limited nearby. Compared with national patterns, park access is stronger than average and grocery coverage is moderate, which supports day-to-day livability even if the area is not highly walkable.
The property’s 2013 construction is materially newer than the neighborhood’s older housing profile (average vintage trends toward the 1940s). For investors, that generally points to fewer near-term system replacements and competitive appeal versus legacy stock, while still allowing for targeted modernization or value-add scope where it pencils.
Tenure dynamics indicate a lower renter-occupied share within the immediate neighborhood, suggesting limited multifamily stock locally. However, demographics aggregated within a 3-mile radius show a larger renter base and rising household counts over the forecast period, which can broaden the tenant pool and support occupancy stability. Median contract rents in the neighborhood align with mid-market positioning, and home values are in the higher national percentiles; in practice, that high-cost ownership market tends to reinforce reliance on rental options, aiding lease retention.
Relative to the New York–Jersey City–White Plains metro, this pocket competes on suburban convenience more than urban amenity density. Investor takeaways: steady neighborhood occupancy, an expanding household base in the 3-mile radius, and newer-vintage product that can capture demand from households priced out of ownership or preferring professionally managed rentals.
Comparable crime statistics were not available at the neighborhood level in the current WDSuite release. Investors typically benchmark safety by reviewing multi-year trends for Rockland County and the broader New York–Jersey City–White Plains metro, then comparing those to property-level operations (lighting, access control, and resident policies). Absent specific ranks, a prudent approach is to rely on trend comparisons rather than block-level assumptions.
The area draws from a diversified employment base across consumer goods, retail headquarters, technology, and financial services, supporting commuter-friendly renter demand and lease retention for workforce and professional households. Notable nearby employers include PepsiCo, Ascena Retail Group, IBM, Prudential Financial, and Citizens Bank mortgage operations.
- Pepsico — consumer goods offices (12.3 miles)
- Ascena Retail Group — retail apparel HQ (14.6 miles) — HQ
- Ibm — technology & services (15.6 miles) — HQ
- Prudential Financial — financial services (18.2 miles)
- Fernando DaCunha - Citizens Bank, Home Mortgages — financial services (18.8 miles)
This 26-unit asset, built in 2013, offers newer systems relative to the neighborhood’s older housing stock, which can lower near-term capital exposure and help the property compete on finishes and efficiency. According to CRE market data from WDSuite, neighborhood occupancy has been steady and ownership costs are high for the area, supporting durable renter demand. Within a 3-mile radius, forecasts indicate growth in household counts even as average household size trends slightly smaller, pointing to a broader tenant base and potential support for lease-up and renewal velocity.
Positioned in a suburban Rockland County setting with practical access to regional employers, the property aligns with renters seeking professionally managed housing without urban premiums. While local amenity density is modest, elevated home values and mid-market rents suggest the asset can maintain demand depth and pricing discipline, with targeted upgrades offering additional upside.
- 2013 vintage reduces near-term capex versus older neighborhood stock and supports competitive positioning.
- Steady neighborhood occupancy and high-cost ownership environment reinforce rental demand and lease retention.
- 3-mile radius outlook shows household growth, expanding the renter pool and supporting occupancy stability.
- Proximity to diversified employment nodes underpins commuter convenience and day-to-day leasing resilience.
- Risks: modest walkable amenities and a smaller immediate renter concentration may temper premium rent growth; focus on unit quality and management to mitigate.