| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 40th | Poor |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 22 N De Baun Ave, Suffern, NY, 10901, US |
| Region / Metro | Suffern |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | 2025-04-22 |
| Transaction Price | $465,000 |
| Buyer | KATZ ALAN PAUL |
| Seller | SALESKY FAMILY TRUST |
22 N De Baun Ave, Suffern NY Multifamily Investment
Neighborhood occupancy is roughly 98%, indicating durable renter demand and limited vacancy pressure, according to CRE market data from WDSuite. Suburban Rockland County fundamentals and proximity to major employers support steady leasing for well-maintained assets.
This suburban location in Suffern sits within the New York–Jersey City–White Plains metro and benefits from high neighborhood occupancy (ranked 141 of 889 metro neighborhoods), placing it competitive among area submarkets and in the top quartile nationally for occupancy. For investors, that backdrop tends to support rent collections and renewal stability when assets are appropriately positioned to local demand.
Everyday convenience is solid: restaurants and cafes are above national averages, and pharmacy access is particularly strong (top decile nationally). Grocery access tracks above the national median. On the other hand, local park density and formal childcare locations are limited in the immediate neighborhood, which may modestly influence lifestyle appeal for some renter cohorts.
The area reflects a high-cost ownership market relative to incomes (value-to-income ratio sits in the upper tail nationally). That dynamic typically sustains reliance on rental housing and can reinforce pricing power for quality multifamily. Median contract rents benchmark above national norms, yet rent-to-income metrics track on the more manageable side locally, a combination that can aid retention for properties aligned to neighborhood wage levels.
Construction patterns skew older in the metro, but this asset’s 2003 vintage is newer than the neighborhood average year of 1993. Newer stock can compete well against older comparables; investors should still plan for mid-life system updates and targeted renovations to maintain standing versus both renovated legacy assets and newer deliveries.
Tenure patterns show a smaller renter concentration at the neighborhood level, while within a 3-mile radius roughly one-third of housing units are renter-occupied. That broader catchment supports a deeper tenant base and, paired with forecast household growth within 3 miles, points to ongoing demand for well-located multifamily.
Standardized crime metrics for this neighborhood are not available in WDSuite for the current release. Investors commonly benchmark local safety perceptions against Rockland County and the broader New York–Jersey City–White Plains metro, review multi-year trends where accessible, and incorporate property-level measures (lighting, access control) into underwriting.
Nearby corporate offices anchor a diverse employment base that supports commute convenience and multifamily demand, including Ascena Retail Group, Becton Dickinson, Prudential Financial, Toys “R” Us, and Sealed Air.
- Ascena Retail Group — corporate offices (4.2 miles) — HQ
- Becton Dickinson — corporate offices (8.4 miles) — HQ
- Prudential Financial — corporate offices (9.7 miles)
- Toys “R” Us — corporate offices (12.0 miles) — HQ
- Sealed Air — corporate offices (14.9 miles) — HQ
22 N De Baun Ave presents a smaller-scale suburban multifamily opportunity in Rockland County with neighborhood occupancy that ranks 141 of 889 metro neighborhoods and sits in the top quartile nationally, a setup that tends to support leasing stability. Based on CRE market data from WDSuite, ownership costs are elevated relative to incomes in this area, which often sustains renter reliance on multifamily. Within a 3-mile radius, population and household counts have been growing and are projected to expand further, adding to the tenant base for well-located properties.
Built in 2003, the asset is newer than the neighborhood’s average 1993 vintage, offering competitive positioning against older stock while still warranting prudent capital planning for mid-life building systems and selective unit upgrades to capture rent premiums.
- High neighborhood occupancy supports rent collections and renewal stability
- High-cost ownership market reinforces renter demand and pricing power
- 2003 vintage competes well versus older local stock with targeted updates
- Expanding 3-mile population and households point to a growing renter pool
- Risks: limited nearby parks/childcare and a smaller immediate renter concentration may narrow some demand segments