| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 74th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21 Pavilion Rd, Suffern, NY, 10901, US |
| Region / Metro | Suffern |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | 2002-01-17 |
| Transaction Price | $297,359 |
| Buyer | RICHMAN JAMES |
| Seller | ALFIERI ESQ VICTOR J |
21 Pavilion Rd, Suffern NY Multifamily Investment
1990 vintage, 24-unit asset in an inner-suburb pocket where elevated ownership costs help sustain rental demand; according to WDSuite’s CRE market data, neighborhood rents trend above national norms while household growth within 3 miles broadens the tenant base.
Suffern within the New York Jersey City White Plains metro scores competitive among metro neighborhoods based on its overall rank (208 of 889), signaling solid fundamentals for workforce and professional renters. Restaurant density sits in the 92nd percentile nationally, with cafes and grocery access in the 85th and 82nd percentiles, respectively, supporting resident convenience and day-to-day livability, according to WDSuite s commercial real estate analysis.
The neighborhood s 1990 construction vintage at the property is newer than the local average stock (mid-1980s), suggesting relative competitiveness versus older inventory while still warranting periodic system updates and common-area refreshes for positioning.
Within a 3-mile radius, population and household counts have increased in recent years, and forecasts indicate further gains in households alongside slightly smaller average household sizes by 2028. For investors, that trend points to a larger tenant base and steady leasing prospects for smaller formats like studios and efficiencies.
Neighborhood rents sit well above national norms while the rent-to-income profile reflects moderate affordability pressure, which can support retention and measured pricing power. At the same time, the neighborhood s reported occupancy sits closer to the national middle, suggesting standard lease management and renewal strategies remain important to sustain stability. High-cost home values in the area reinforce reliance on rental housing, which generally supports multifamily demand depth.
Amenity balance is a strength; however, park access is limited in this immediate neighborhood context. Investors may lean on on-site or nearby private recreation options to offset the lack of public green space when marketing to residents.
Comparable neighborhood safety metrics were not available in the provided dataset for this metro slice. Investors typically benchmark property-level security practices and insurer/lender guidance against broader metro and county trends to assess risk and operating needs without making block-level assumptions.
Consistent application of standard measures lighting, access controls, and responsive management remains a typical approach for maintaining resident confidence and protecting operations when localized statistics are limited.
The resident employment base benefits from proximity to regional corporate offices that support steady renter demand and commute convenience, including Ascena Retail Group, Becton Dickinson, Prudential Financial, Toys "R" Us, and Sealed Air.
- Ascena Retail Group corporate offices (3.5 miles) HQ
- Becton Dickinson medical technology corporate offices (8.0 miles) HQ
- Prudential Financial financial services offices (10.8 miles)
- Toys "R" Us corporate offices (11.3 miles) HQ
- Sealed Air packaging corporate offices (15.5 miles) HQ
This 24-unit, 1990-built property aligns with a neighborhood that is competitive within the New York Jersey City White Plains metro, supported by strong amenity access and a high-cost ownership landscape that sustains rental demand. Within a 3-mile radius, household and income growth expands the renter pool over the forecast period, and, according to CRE market data from WDSuite, neighborhood rents outperform national norms while rent-to-income dynamics point to measured pricing power and retention potential.
The vintage is slightly newer than the local average, giving a positioning edge versus older stock, yet investors should plan for targeted modernization and system updates. Occupancy metrics for the neighborhood trend around the national middle, favoring active lease management and renewal strategies to maintain stability.
- Inner-suburb location with strong daily amenities and employer access that supports multifamily demand
- Household and income growth within 3 miles indicate a larger tenant base and steady leasing prospects
- 1990 vintage offers competitive position versus older stock, with clear value-add via targeted upgrades
- High-cost ownership environment reinforces renter reliance, supporting retention and pricing discipline
- Risk: neighborhood occupancy aligns near national mid-range, requiring attentive lease and renewal management