| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 74th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 196 Lafayette Ave, Suffern, NY, 10901, US |
| Region / Metro | Suffern |
| Year of Construction | 2008 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
196 Lafayette Ave, Suffern NY Multifamily Investment
Neighborhood-level renter demand and amenity access point to durable leasing conditions in Suffern, according to WDSuite s CRE market data. Figures cited refer to the surrounding neighborhood, not this specific property.
Suffern s Inner Suburb setting offers daily convenience with restaurants and cafes performing competitive among New York-Jersey City-White Plains, NY-NJ neighborhoods (ranks near the top 40% of 889 metro neighborhoods). Grocery and pharmacy access also track above national averages, supporting resident retention and day-to-day livability that matters for leasing.
Neighborhood home values sit in the upper quartile nationally, a high-cost ownership market that can reinforce reliance on multifamily housing and support pricing power where product is well-positioned. Median household incomes are likewise strong relative to national norms, which helps sustain effective rent collections and reduces turnover risk.
The share of housing units that are renter-occupied in the neighborhood is substantial, indicating a deep tenant base for multifamily owners and supporting demand for an 84-unit asset. Neighborhood occupancy trends are near the national midpoint; investors should underwrite steady, but not peak, occupancy and emphasize leasing execution.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, expanding the local renter pool and supporting absorption over the medium term. For investors, this growth translates into broader marketing reach and potential for sustained lease-up without relying on outsized concessions.
Constructed in 2008, the property is newer than the neighborhood s average vintage from the mid-1980s, positioning it competitively versus older stock. While core systems are more contemporary, targeted updates or repositioning can further differentiate the asset against legacy inventory.
Comparable safety data for this neighborhood are not available in WDSuite s current release. Investors commonly benchmark neighborhood safety against metro and county trends, review recent trendlines, and incorporate on-site security and lighting enhancements as part of asset management plans.
- Ascena Retail Group corporate offices (3.2 miles) HQ
- Becton Dickinson medical technology (7.6 miles) HQ
- Prudential Financial insurance & financial services (10.2 miles)
- Toys "R" Us consumer products & retail (11.0 miles) HQ
- Sealed Air packaging (15.0 miles) HQ
This 84-unit, 2008-vintage asset benefits from a renter base supported by strong neighborhood incomes, upper-quartile ownership costs, and competitive amenity access. Neighborhood occupancy is near the national midpoint, so execution around leasing, renewals, and unit positioning will drive outperformance. According to CRE market data from WDSuite, the surrounding neighborhood s restaurant and cafe density is competitive in the metro, which can aid retention and reduce marketing friction.
Within a 3-mile radius, recent growth in population and households, alongside forecasts for further gains, points to a larger tenant base over time. Newer-than-average construction versus the neighborhood creates a relative quality edge over 1980s-era stock, with selective renovations offering value-add potential, particularly given smaller average unit sizes that can appeal to cost-conscious renters while maintaining rent-per-foot strength.
- Demand drivers: strong neighborhood incomes and upper-quartile ownership costs support sustained multifamily leasing.
- Competitive positioning: 2008 construction competes well against older local inventory; targeted upgrades can enhance returns.
- Renter base depth: meaningful renter-occupied share at the neighborhood level and a growing 3-mile population expand the tenant pool.
- Location fundamentals: dining and daily-needs access are competitive in the metro, aiding retention and marketing.
- Risks: neighborhood occupancy is not top-tier nationally, and limited park space locally may require stronger on-site amenities and programming.