| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Fair |
| Demographics | 74th | Best |
| Amenities | 70th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Cross St, Suffern, NY, 10901, US |
| Region / Metro | Suffern |
| Year of Construction | 2007 |
| Units | 60 |
| Transaction Date | 2009-12-18 |
| Transaction Price | $259,900 |
| Buyer | CUPELES MIGUEL ANGELO |
| Seller | BARCLAY REBECCA |
3 Cross St Suffern NY Multifamily Investment (2007)
Positioned in an inner-suburban pocket with strong incomes and everyday amenity access, this asset benefits from stable renter demand according to WDSuite’s CRE market data.
The property sits in Suffern’s inner-suburban fabric of the New York–Jersey City–White Plains metro and is rated A- by WDSuite. At the metro level, the neighborhood ranks 208 out of 889 neighborhoods, placing it in the top quartile among 889 metro neighborhoods a constructive signal for long-term livability and investment appeal.
Amenity access is a local strength: restaurants and caf e density sit in high national percentiles, with restaurants competitive at the 92nd percentile and caf e options around the 85th, while grocery and pharmacy access are both above the 80th percentile nationally. Park density is limited locally, so on-site open space or proximity to regional parks can help leasing. These dynamics align with suburban renter preferences for walkable conveniences near employment corridors.
For renters, neighborhood occupancy trends are around the national mid-range, and investors should underwrite steady but competitive leasing conditions rather than outsized pricing power. The neighborhood’s renter-occupied housing share is meaningful (near half), indicating depth for multifamily demand, while within a 3-mile radius the renter-occupied share is about one-quarter, suggesting a predominantly owner-oriented ring that can create some competition with attainable ownership options.
Demographic statistics aggregated within a 3-mile radius indicate population growth over the last five years with additional expansion projected, alongside a larger household base by 2028. Median household income levels are strong and rising, and the rent-to-income picture (mid-teens by WDSuite metrics) points to manageable affordability pressure that can support retention with thoughtful lease management.
Home values in the surrounding area trend above national levels, reflecting a high-cost ownership market by national context. For investors, elevated ownership costs can reinforce reliance on rental housing and support occupancy stability, though pricing strategies should consider the owner-heavy composition in nearby blocks. Overall, this location combines inner-suburban convenience with durable incomes and a renter base sufficient to support a 60-unit community.
Comparable neighborhood crime metrics were not available in WDSuite for this area. Investors typically contextualize safety by benchmarking city and county trend reports and by comparing property-level security measures with nearby neighborhoods in the New York–Jersey City–White Plains metro.
Nearby corporate employment anchors provide a diversified white-collar base that supports renter demand and commute convenience, including Ascena Retail Group, Becton Dickinson, Prudential Financial, Toys "R" Us, and Sealed Air.
- Ascena Retail Group corporate offices (3.2 miles) HQ
- Becton Dickinson medical technology corporate offices (7.6 miles) HQ
- Prudential Financial financial services offices (10.5 miles)
- Toys "R" Us corporate offices (11.0 miles) HQ
- Sealed Air packaging corporate offices (15.2 miles) HQ
Built in 2007, the asset is newer than much of the local stock and should compare well to 1980s-era properties, with potential to command interest through contemporary layouts while still planning for targeted system updates as the building ages. The neighborhood shows durable incomes, strong amenity access, and a renter base sufficient for steady leasing; according to CRE market data from WDSuite, occupancy in the area trends around the national middle, suggesting disciplined underwriting and hands-on leasing will matter.
Within a 3-mile radius, population and household counts are growing, and home values signal a high-cost ownership market by national context conditions that typically reinforce reliance on multifamily housing. At the same time, an owner-leaning outer ring and limited nearby park density call for thoughtful amenity programming and pricing to sustain absorption and retention.
- 2007 vintage positions the property competitively versus older nearby stock, with selective upgrades offering value-add potential.
- Inner-suburban location with strong household incomes and high national amenity percentiles supports stable renter demand.
- 3-mile population and household growth expand the tenant base, supporting occupancy stability over a multi-year hold.
- Elevated ownership costs nearby can sustain rental reliance, aiding lease retention and pricing discipline.
- Risks: mid-range neighborhood occupancy, an owner-heavy outer ring, and limited park density warrant careful lease management and amenity strategy.