| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Poor |
| Demographics | 80th | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 929 County Road 39, Southampton, NY, 11968, US |
| Region / Metro | Southampton |
| Year of Construction | 1989 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
929 County Road 39 Southampton NY Multifamily Outlook
High-cost ownership dynamics in the neighborhood support durable renter demand, according to WDSuite’s CRE market data, with 3-mile demographics indicating a growing household base that can underpin occupancy and retention. Investors should expect seasonality and price sensitivity typical of resort-adjacent suburbs while underwriting conservatively for lease-up timing.
Southampton’s suburban setting offers daily-life convenience rather than urban density. Neighborhood amenity positioning is competitive among Nassau County-Suffolk County neighborhoods (185 of 608), with parks and cafés comparing above national mid-points, while pharmacies and childcare are thinner locally. Average school ratings trend modestly above national norms, a plus for family-oriented renter demand.
Home values in the neighborhood test in the upper tier nationally, signaling a high-cost ownership market that can sustain renter reliance on multifamily housing and support lease retention. Neighborhood rent-to-income readings indicate relatively low payment burden, suggesting headroom for disciplined rent management rather than aggressive push strategies.
Within a 3-mile radius, demographics show recent population and household growth with a mixed-age profile and slightly smaller household sizes over time. That combination typically supports a larger tenant base for studios and 1–2 bedroom units and helps stabilize occupancy through varied life-stage demand. Forward-looking indicators point to additional household expansion, though investors should underwrite with sensitivity to potential shifts in unit size preferences.
Overall housing occupancy in the neighborhood trends lower than metro norms, which warrants attention to off-season leasing strategy and renewal management. For multifamily investors, this context favors operators skilled in shoulder-season marketing and staggered expirations while leveraging Southampton’s lifestyle fundamentals. These dynamics align with commercial real estate analysis that prioritizes demand depth and income durability over short-term rent spikes.
Neighborhood-specific safety metrics are not available in WDSuite for this location. For underwriting, investors typically benchmark comparable suburban submarkets within the Nassau County–Suffolk County metro, review municipal trend reports, and weigh property-level security features and lighting. This approach places any available trends in context without over-relying on block-level anecdotes.
Regional employment access is anchored by corporate offices within commuting range, supporting leasing from professionals who value Southampton’s residential setting with drive-to-work flexibility. Notable employers include Motorola Solutions and Amphenol.
- Motorola Solutions — communications technology (33.9 miles)
- Amphenol — electronics manufacturing (44.4 miles) — HQ
Built in 1989, this 29-unit asset should be evaluated for selective capital projects and potential value-add scope (exteriors, interiors, energy systems) to remain competitive versus newer neighborhood stock. The high-cost ownership backdrop in Southampton tends to reinforce multifamily demand and lease retention, while 3-mile demographic growth expands the renter pool and supports occupancy stability, according to CRE market data from WDSuite.
Operating focus should balance disciplined pricing with seasonality-aware leasing. Neighborhood-level occupancy runs below metro norms, so underwriting that emphasizes renewal management, staggered expirations, and unit mix alignment to smaller households can mitigate variability. The combination of strong ownership costs, moderate renter concentration, and household growth supports a durable long-term thesis with prudent risk controls.
- High-cost ownership market supports renter reliance, aiding retention and pricing discipline.
- 3-mile population and household growth expand the tenant base and support occupancy stability.
- 1989 vintage offers value-add/modernization potential to compete with newer area stock.
- Seasonality-aware leasing and staggered expirations can manage neighborhood occupancy variability.
- Risks: lower neighborhood occupancy vs. metro, thinner daily services (childcare/pharmacy), and potential near-term rent moderation.