| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 15th | Poor |
| Demographics | 5th | Poor |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 75 Springfield Rd, Brentwood, NY, 11717, US |
| Region / Metro | Brentwood |
| Year of Construction | 2000 |
| Units | 114 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
75 Springfield Rd Brentwood NY Multifamily Opportunity
Built in 2000 in an inner-suburb setting with older housing stock, this asset should compete well against nearby vintage, according to CRE market data from WDSuite. The positioning supports leasing and reduces near-term capital intensity relative to 1960-era properties in the neighborhood.
Located in Brentwood within Suffolk County’s Nassau–Suffolk metro, the property sits in an Inner Suburb neighborhood with a D rating (ranked 602 of 608 metro neighborhoods). That rank places the area below the metro median, so investors should focus on durable demand drivers and property-level execution rather than neighborhood tailwinds.
Access to daily needs is a relative strength: neighborhood grocery presence ranks in the upper tier of local options and is competitive nationally (grocery availability around the 85th percentile), and pharmacies score similarly high (around the 86th percentile). Dining density trends better than average (roughly 75th percentile nationally), while parks, cafes, and childcare options are limited, which may matter for family-oriented leasing strategies.
The asset’s 2000 construction is newer than the neighborhood’s average vintage of 1960. Newer product typically benefits from more contemporary layouts and deferred major systems work compared with older stock, though investors should still underwrite selective modernization to drive rent competitiveness and retention.
Demographic statistics aggregated within a 3-mile radius point to a growing tenant base: population expanded over the past five years and is forecast to increase further through 2028, with households rising faster than population, indicating larger household counts and potential renter pool expansion. Median household income has climbed meaningfully and is projected to continue increasing, which supports rent absorption. However, renter-occupied housing accounts for roughly one-fifth of units in this radius, indicating a thinner renter concentration; operators should emphasize product-market fit and targeted marketing to maintain occupancy stability.
School ratings in the neighborhood benchmark low (around the 5th percentile nationally), which can influence family leasing preferences. On the other hand, convenience retail and employment access within the broader Long Island corridor can help support workforce housing demand. NOI per unit in the neighborhood benchmarks below national norms (around the 8th percentile), so the business plan should lean on asset quality, operational efficiency, and thoughtful renovations rather than assuming neighborhood uplift.
WDSuite’s latest release does not provide a comparable crime rank for this neighborhood, so investors commonly benchmark safety perceptions against county and metro trends and corroborate with on-the-ground observations. As with any inner-suburb location, maintaining good lighting, access control, and visible management presence can support resident comfort and retention.
Nearby employers reflect a mix of communications, healthcare distribution, finance, and industrial firms that can support workforce housing demand and retention; highlighted below are representative corporate offices within commuting range.
- Motorola Solutions — communications technology (9.3 miles)
- Henry Schein — healthcare distribution (9.5 miles) — HQ
- Citizens Bank Home Mortgages — consumer finance (10.8 miles)
- Terex — industrial equipment (24.4 miles) — HQ
- Charter Communications — telecommunications (24.4 miles) — HQ
This 114-unit asset built in 2000 offers a relative quality edge versus much of the surrounding 1960-era housing stock, which can translate into steadier leasing and measured capex needs. Within a 3-mile radius, population and household counts have grown in recent years and are projected to accelerate through 2028, expanding the tenant base. Incomes have risen materially and are forecast to increase further, supporting rent absorption even as median contract rents trend upward. Based on CRE market data from WDSuite, neighborhood NOI per unit benchmarks below national norms, so value creation hinges more on asset-level execution than on neighborhood momentum.
The submarket’s renter-occupied share is relatively low, suggesting a thinner renter concentration; however, continued population growth, commuting access across Long Island, and a newer vintage position the property to compete for demand. Investors should underwrite targeted renovations and strong property management to capture pricing power while maintaining retention.
- 2000 vintage versus older neighborhood stock supports competitiveness and moderates near-term capex
- Growing 3-mile population and households expand the tenant base and support occupancy stability
- Rising household incomes underpin ability to absorb rent growth with targeted upgrades
- Risk: thinner renter concentration and below-average neighborhood NOI require disciplined operations and thoughtful renovations