| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Good |
| Demographics | 37th | Poor |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Cedar Rd, Amityville, NY, 11701, US |
| Region / Metro | Amityville |
| Year of Construction | 1991 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
110 Cedar Rd, Amityville Multifamily Investment Snapshot
Neighborhood fundamentals point to steady renter demand, with occupancy strong and ownership costs elevated relative to incomes, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood rather than the property itself and suggest durable leasing conditions for well-positioned assets.
Located in Amityville’s inner-suburban fabric of the Nassau–Suffolk metro, the neighborhood shows high occupancy at the area level (measured for the neighborhood), ranking 180 out of 608 metro neighborhoods and sitting in the top quartile nationally by occupancy. That places it competitive among Nassau County–Suffolk County neighborhoods and indicative of stable leasing backdrops for multifamily.
Renter concentration is moderate: roughly one-third of housing units are renter-occupied at the neighborhood level, which supports a meaningful, though not saturated, tenant base. Within a 3-mile radius, households have grown even as population dipped slightly in recent years, pointing to smaller average household sizes and a resilient pool of potential renters; projections indicate further household expansion through 2028, which should underpin occupancy stability.
Local amenities skew toward daily needs rather than destination dining. Grocery and pharmacy access compare favorably to many areas in the region, while storefront dining and café density are limited. For investors, this suggests resident convenience for essentials with less competition from entertainment-driven traffic.
Home values are elevated versus national norms, reinforcing reliance on rental options and supporting pricing power where unit quality and management justify it. Rent-to-income levels at the neighborhood level suggest some affordability pressure, which argues for attentive lease management and renewal strategies rather than aggressive across-the-board increases. Built in 1991, the property is newer than the neighborhood’s mid-century average stock, which can be a competitive advantage versus older assets; however, systems may still benefit from targeted modernization to support rents and retention. These takeaways are grounded in commercial real estate analysis using WDSuite’s market dataset.
Safety indicators are mixed when viewed against metro and national baselines. The neighborhood’s overall crime rank is 347 out of 608 metro neighborhoods, placing it below the metro median. Nationally, violent-offense measures sit around the midpoint, while property-offense trends have shown a recent uptick. For underwriting, this suggests focusing on standard security practices and resident experience initiatives, while benchmarking incident trends over multiple years rather than a single period.
Proximity to regional employers helps support renter demand and retention through commute convenience. Nearby anchors include healthcare distribution, financial services, and technology/corporate offices, reflecting a diverse employment base.
- Henry Schein — healthcare distribution (4.0 miles) — HQ
- Fernando Monasterio - Citizens Bank, Home Mortgages — financial services (5.4 miles)
- Motorola Solutions — technology & communications (19.5 miles)
- Prudential — financial services (23.3 miles)
- W.R. Berkley — insurance (24.0 miles) — HQ
The 64-unit, 1991-vintage asset benefits from a neighborhood backdrop with high occupancy at the area level and a tenant base supported by elevated ownership costs. Within a 3-mile radius, households have increased despite a slight population contraction, indicating shifting household composition and a stable or expanding renter pool. According to CRE market data from WDSuite, the neighborhood’s occupancy performance is competitive within the Nassau–Suffolk metro and in the top quartile nationally, which supports a case for consistent leasing outcomes.
Relative to the mid-century average stock nearby, 1991 construction offers a positioning edge versus older properties, with selective upgrades likely to enhance retention and rent attainment. The local amenity mix favors essentials, and regional employers within commuting range broaden the renter base. Risks include neighborhood-level affordability pressure (rent-to-income) and a recent uptick in property-offense trends, arguing for disciplined lease management and attention to security and resident experience.
- Neighborhood occupancy ranks competitively within the 608-neighborhood Nassau–Suffolk metro and is top quartile nationally, supporting leasing stability.
- 1991 vintage is newer than nearby mid-century stock, with targeted modernization offering value-add potential.
- Elevated ownership costs sustain renter reliance on multifamily housing, aiding pricing power where quality and service are strong.
- Diverse regional employers within commuting distance help support tenant demand and retention.
- Watchpoints: affordability pressure and recent property-crime upticks call for careful lease and security strategies.