| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 40th | Poor |
| Amenities | 54th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 N De Baun Ave, Suffern, NY, 10901, US |
| Region / Metro | Suffern |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | 2008-05-23 |
| Transaction Price | $450,000 |
| Buyer | PORTER SARAH |
| Seller | DEMAYO TRUST |
30 N De Baun Ave, Suffern NY — Suburban Multifamily Investment
Neighborhood occupancy is strong while ownership costs are elevated, supporting renter demand and retention according to WDSuite’s CRE market data. This 2003 vintage asset offers competitive positioning versus older local stock in a suburban Rockland County location.
Suffern’s suburban setting balances daily convenience with stability indicators that matter to multifamily investors. Neighborhood occupancy is high (competitive among New York–Jersey City–White Plains neighborhoods and top quartile nationally), which supports income durability and lowers lease-up risk, based on CRE market data from WDSuite. The immediate neighborhood has a low renter-occupied share, so demand is often drawn from a broader 3-mile radius where the renter pool is deeper and growing.
Amenities skew favorable: pharmacy and restaurant density rank well above national averages, with grocery and café access also above average. Park and childcare access within the neighborhood are limited, which may matter for certain tenant segments; operators can position around nearby regional amenities to offset.
Home values are elevated relative to incomes in this area, creating a high-cost ownership market that tends to sustain reliance on rentals and can aid lease retention. At the same time, rent-to-income ratios trend lower than many U.S. neighborhoods, suggesting less affordability pressure and supporting renewal outcomes and pricing discipline.
Demographic statistics aggregated within a 3-mile radius point to population and household growth, which expands the tenant base and supports occupancy stability over time. Household incomes are high by national standards, and the forecast calls for continued gains alongside rising contract rents, reinforcing long-run multifamily demand.
Vintage and competitiveness: Built in 2003, the property is newer than the neighborhood’s average construction year. That positioning can reduce near-term functional obsolescence versus older stock, though investors should still plan for system updates and modernization to stay competitive with newer deliveries.
Comparable neighborhood crime metrics were not available in the provided dataset. Investors typically benchmark safety using broader town and county trends and on-the-ground diligence to contextualize leasing, retention, and insurance considerations.
The area benefits from a diverse employment base within a manageable commute, supporting workforce housing demand and resident retention. Key nearby employers include Ascena Retail Group, Becton Dickinson, Prudential Financial, Toys "R" Us, and Sealed Air.
- Ascena Retail Group — corporate offices (4.2 miles) — HQ
- Becton Dickinson — medical technology corporate offices (8.5 miles) — HQ
- Prudential Financial — financial services offices (9.8 miles)
- Toys "R" Us — corporate offices (12.0 miles) — HQ
- Sealed Air — packaging corporate offices (15.0 miles) — HQ
30 N De Baun Ave offers a 24-unit suburban multifamily position with high neighborhood occupancy and a high-cost ownership landscape that tends to sustain rental demand. According to CRE market data from WDSuite, occupancy levels in the neighborhood are strong compared with metro and national benchmarks, while rent-to-income ratios are comparatively modest—factors that can support pricing power and renewal rates.
Built in 2003, the asset stands newer than the area’s average vintage, providing relative competitiveness versus older inventory; prudent capital planning for aging systems and selective upgrades can capture value as nearby households and incomes expand within a 3-mile radius. The local renter concentration is lower within the immediate neighborhood, but broader commuter access and a diversified employment base help deepen the tenant pool.
- High neighborhood occupancy supports income stability and lowers lease-up risk.
- Elevated ownership costs reinforce reliance on rentals, aiding retention.
- 2003 construction offers competitive positioning; targeted upgrades can drive value.
- 3-mile population and household growth expand the tenant base over time.
- Risk: low renter-occupied share in the immediate neighborhood and limited nearby parks/childcare may narrow some demand segments.