| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 40th | Poor |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 26 N De Baun Ave, Suffern, NY, 10901, US |
| Region / Metro | Suffern |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | 2018-04-05 |
| Transaction Price | $398,000 |
| Buyer | DIDAKOW JOYCE |
| Seller | REYNOLDS CHARLES W |
26 N De Baun Ave, Suffern NY Multifamily Investment
Neighborhood occupancy is strong and supported by a high-cost ownership market, according to WDSuite’s CRE market data, suggesting stable renter demand for well-managed assets in Rockland County.
Suffern’s suburban setting offers a balanced mix of everyday amenities that supports renter livability. Pharmacy access rates rank high nationally (around the 90th percentile), and the area shows solid coverage of groceries and restaurants, while cafes are comparatively dense for a suburban location. Overall amenity depth is moderate, but the essentials that matter for daily convenience are present.
From an investment lens, the neighborhood s occupancy performance sits in the top quartile among 889 metro neighborhoods, a positive indicator for lease-up and renewal stability. Median contract rents in the neighborhood benchmark high relative to many areas nationally, yet rent-to-income ratios remain manageable, which can support retention and reduce turnover risk when paired with disciplined lease management.
The property s 2003 vintage is newer than the neighborhood s average construction year (1993). That positioning generally improves competitive standing versus older stock and may reduce near-term capital intensity; however, systems are now two decades old, so investors should still plan for ongoing modernization and selective unit upgrades to support pricing power.
Demographic statistics aggregated within a 3-mile radius point to a larger regional renter pool: roughly one-third of housing units are renter-occupied, and both households and incomes have been trending upward. Projected population and household growth over the next five years suggest a broader tenant base, which can underpin occupancy stability and steady demand for multifamily units.
Ownership costs are elevated in the neighborhood (value-to-income ratio near the high end nationally), which tends to reinforce reliance on rental options and can help sustain renter demand. Taken together, these dynamics strong neighborhood occupancy, resilient amenity coverage, and a high-cost ownership market position well-maintained assets to compete effectively.
Comparable neighborhood crime metrics were not available from WDSuite for this location. Investors typically benchmark safety by reviewing metro and national trend reports alongside local public data and property-level operating history to understand tenant retention and leasing implications.
Nearby corporate employers provide a diversified white-collar employment base that supports renter demand through commute convenience, including apparel retail headquarters, medical technology, financial services, toy retail, and packaging solutions.
- Ascena Retail Group corporate offices (4.2 miles) HQ
- Becton Dickinson medical technology (8.5 miles) HQ
- Prudential Financial financial services (9.8 miles)
- Toys "R" Us corporate offices (12.0 miles) HQ
- Sealed Air packaging solutions (15.0 miles) HQ
26 N De Baun Ave offers investors exposure to a suburban Rockland County location with strong neighborhood occupancy and a high-cost ownership backdrop that supports sustained renter demand. The 2003 vintage is newer than the area s average building stock, positioning the asset competitively versus older properties while still warranting budget for targeted system updates and unit-level improvements.
Household and population trends within a 3-mile radius indicate growth in the tenant base alongside rising incomes, which can support steady absorption and renewal performance. Based on commercial real estate analysis using WDSuite s CRE market data, neighborhood-level rent burdens appear manageable relative to incomes, a dynamic that can aid lease retention if operations remain disciplined.
- Strong neighborhood occupancy supports leasing stability and renewal potential.
- 2003 vintage offers competitive positioning versus older stock with moderated near-term CapEx.
- High-cost ownership market reinforces depth of renter demand and pricing power.
- 3-mile demographic growth expands the tenant base, supporting absorption and occupancy.
- Risk: amenity breadth is moderate and some systems may be at mid-life, requiring targeted reinvestment.