| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 70th | Good |
| Amenities | 41st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 70 Middle Pond Rd, Southampton, NY, 11968, US |
| Region / Metro | Southampton |
| Year of Construction | 1984 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
70 Middle Pond Rd, Southampton NY Multifamily Outlook
Located in a high-cost ownership market, the asset benefits from a deep-income renter base and limited competing rental stock, according to WDSuite’s CRE market data. Expect demand to skew toward convenience-oriented renters where pricing power depends on property quality and lease management.
Southampton’s neighborhood context is Suburban with a B rating and ranks 266 out of 608 metro neighborhoods—above the metro median—based on CRE market data from WDSuite. Amenity access is mixed: restaurants track around mid-metro levels, while cafes and pharmacies are sparse inside the neighborhood. Park access stands out as top quartile nationally, supporting livability for residents prioritizing outdoor recreation.
Housing signals point to a high-cost ownership environment. Neighborhood home values sit at the top of national distributions, which tends to sustain reliance on rentals for households that prefer flexibility or defer ownership. Median contract rents are elevated nationally, yet rent-to-income indicators are favorable, suggesting lower affordability pressure for employed renters and potential for disciplined pricing. Note: these tenure and rent dynamics describe the neighborhood, not this specific property’s occupancy.
Renter concentration in the neighborhood is low, indicating a predominantly owner-occupied area and a thinner immediate tenant pool. Within a 3-mile radius, demographic data show households have edged higher despite modest population softness, with projections indicating a larger household base over the next five years. For investors, a rising household count alongside smaller average household sizes can support a broader renter pool and help stabilize occupancy, particularly for efficient-unit offerings.
Schools rate below national averages, which may matter less for smaller units but is still relevant for turnover considerations. The average construction year locally skews slightly newer than 1984; this property’s earlier vintage implies potential value-add through targeted renovations to remain competitive against younger stock, balanced with capital planning for aging systems.
Public safety statistics specific to this neighborhood are not available in WDSuite for citation. Investors typically benchmark neighborhood conditions against town and county trends and emphasize property-level measures (lighting, access control, and visibility) as part of prudent underwriting. Without comparable rank or national percentile data, it is appropriate to rely on local knowledge and third-party diligence to round out the view.
Employment access skews regional, with commuting ties that can support retention among higher-income renters. The following nearby corporate presence is relevant for demand context.
- Motorola Solutions — corporate offices (32.8 miles)
Built in 1984, the property is slightly older than the neighborhood average, presenting a clear value-add angle through modernization and system upgrades to improve competitiveness versus newer stock. The surrounding area exhibits high home values and strong incomes, which often reinforce multifamily demand from households favoring flexibility; rent-to-income signals suggest room for disciplined rent strategy without overextending affordability, based on CRE market data from WDSuite.
Investor considerations include a thinner neighborhood renter base and modest amenity density inside the immediate area, offset by strong park access and a projected increase in households within 3 miles that can broaden the renter pool over time. Execution rests on aligning unit finishes and operations with affluent-renter expectations while managing capex and lease management to protect occupancy stability.
- High-cost ownership market supports rental reliance and pricing discipline
- 1984 vintage provides value-add potential through targeted renovations
- Park access and regional employment ties aid retention for convenience-focused renters
- Projected household gains within 3 miles expand the prospective renter base
- Risk: low neighborhood renter concentration and limited in-neighborhood amenities may slow lease-up without strong positioning