| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 70th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Little Neck Rd, Southampton, NY, 11968, US |
| Region / Metro | Southampton |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
30 Little Neck Rd Southampton Multifamily Value-Add Angle
Older 1984 vintage in a high-cost ownership pocket suggests renovation and repositioning potential while renter demand is supported by elevated home values, according to WDSuite’s CRE market data.
Situated in Southampton, the neighborhood rates a B and is competitive among Nassau County–Suffolk County neighborhoods (rank 266 of 608). Parks access trends in the top quartile nationally, while everyday retail density is lighter, with fewer cafes, groceries, and pharmacies than typical suburban areas. For investors, this mix points to lifestyle appeal with some convenience trade-offs that can influence renter preferences and leasing velocity.
Home values in the neighborhood are elevated versus national norms, reinforcing renter reliance on multifamily housing and supporting pricing power. Neighborhood rent levels track on the higher end for the metro, and the rent-to-income ratio sits in a favorable national percentile, indicating lower affordability pressure that can aid retention and renewal management.
Tenure dynamics are nuanced: the immediate neighborhood shows a very low share of renter-occupied housing units, signaling a limited local renter base and potential seasonality. However, within a 3-mile radius, renters account for roughly a quarter of occupied housing, which broadens the addressable tenant pool and can support occupancy stability for well-positioned assets.
Demographic indicators aggregated within a 3-mile radius point to recent population and household growth, with projections calling for additional increases in households and higher median incomes over the next five years. This expansion suggests a larger tenant base over time and supports demand for quality rentals, a useful backdrop for multifamily property research.
The asset’s 1984 construction is older than the neighborhood’s average vintage, which can translate into value-add potential through unit updates and systems modernization. School ratings trend below national medians, which some family renters may factor into location choices, but park access and coastal lifestyle amenities can offset for segments prioritizing recreation and seasonal living.
Crime statistics for this neighborhood are not available in WDSuite at this time. Investors typically benchmark neighborhood safety against metro and national trends and confirm on-the-ground conditions through standard due diligence, including local comparables, police reports, and property-level history.
Verified major-employer data with reliable distance measures is limited for this address. Investors often draw the renter base from healthcare, education, hospitality, and professional services across the broader East End and Long Island; confirm commute patterns and employer concentrations during diligence.
30 Little Neck Rd offers a value-add angle in a high-cost ownership market where elevated home values tend to sustain rental demand and support pricing power. Based on CRE market data from WDSuite, the immediate neighborhood has a thin renter-occupied share and low measured occupancy, suggesting seasonality and a selective renter base. Within a wider 3-mile radius, household growth and a larger pool of renters point to demand for well-executed units, particularly where renovations can differentiate product.
The 1984 vintage is older than the neighborhood norm, creating scope for targeted capital improvements to enhance NOI durability. Amenities skew toward parks and outdoor access, while retail is less dense; underwriting should reflect these fundamentals alongside below-median school ratings that may matter for some tenant segments.
- High home values reinforce rental demand and can support pricing power.
- 1984 vintage presents renovation and systems-upgrade upside for value-add execution.
- 3-mile area shows household growth and a broader renter pool, supporting lease-up and renewals.
- Outdoor amenity access is strong; lighter retail density should be reflected in positioning and comps.
- Risks: thin neighborhood renter-occupied share, seasonal occupancy patterns, and below-median school ratings may narrow target segments.