| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 78th | Best |
| Amenities | 51st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24 Clayton Blvd, Baldwin Place, NY, 10505, US |
| Region / Metro | Baldwin Place |
| Year of Construction | 2011 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
24 Clayton Blvd Baldwin Place NY Multifamily Investment
Neighborhood occupancy is strong and has trended up, suggesting stable renter demand at the submarket level, according to WDSuite’s CRE market data. This positions a 37-unit asset to compete on retention while underwriting conservatively for leasing velocity.
Baldwin Place sits within the New York–Jersey City–White Plains metro and reads as a suburban, primarily residential pocket with steady renter demand alongside a significant owner presence. Neighborhood occupancy ranks 74 out of 889 metro neighborhoods, placing it in the top decile nationally for occupancy stability, which supports consistent leasing and renewal performance.
The property’s 2011 construction is newer than the area’s older housing stock (average vintage skews mid-1960s), giving it a relative competitiveness edge versus legacy assets. Investors can underwrite fewer near-term system overhauls while still planning for typical modernization to sustain positioning against newer deliveries across the metro.
Within a 3-mile radius, demographics indicate rising incomes and a growing household base over the last five years, pointing to a larger tenant pool and support for rent levels without over-reliance on in-migration. Forward-looking data also shows households continuing to increase even as average household size trends down, a pattern that can translate into more leasing activity and supports occupancy stability for well-maintained multifamily.
Local amenities are service-oriented rather than entertainment-heavy: grocery and pharmacy access track near national medians, parks are somewhat stronger, while cafe density is limited. Home values in the neighborhood benchmark high relative to national norms, signaling a high-cost ownership market that tends to reinforce reliance on rental housing and can aid pricing power for quality multifamily. Rent-to-income levels measure as manageable for the area, which is favorable for renewal capture and reduces affordability-related turnover risk.
Comparable safety metrics for this neighborhood are limited in WDSuite’s dataset, so investors typically benchmark underwriting assumptions against county and metro trends rather than block-level readings. A practical approach is to pair metro-wide comps with on-the-ground diligence and insurer feedback to align security planning and operating reserves.
Proximity to a cluster of corporate headquarters and offices supports a diversified professional workforce and commute convenience for renters, notably across industrial gases, technology, financial services, and consumer goods. Key nearby employers include Praxair, IBM, PepsiCo, Synchrony Financial, and EMCOR Group.
- Praxair — industrial gases (12.2 miles) — HQ
- IBM — technology & services (16.4 miles) — HQ
- PepsiCo — consumer goods (16.9 miles)
- Synchrony Financial — financial services (19.9 miles) — HQ
- EMCOR Group — specialty construction/services (21.9 miles) — HQ
This 2011-vintage, 37-unit asset benefits from a suburban Westchester location where the neighborhood’s occupancy ranks 74 of 889 metro neighborhoods, indicating above-metro stability and reduced downtime risk. Elevated home values and an owner-leaning landscape channel demand toward well-positioned rentals, while rent-to-income levels suggest manageable affordability pressure that can support renewal capture. According to CRE market data from WDSuite, the immediate neighborhood performs above the metro median on core housing and demographics indicators, aligning with a durable tenant base.
The property’s newer construction relative to the area’s older stock offers competitive positioning and potentially moderated near-term capex, with room for targeted upgrades to sustain rents against newer metro deliveries. Within a 3-mile radius, households have expanded and incomes remain high, supporting a deeper renter pool; forward projections point to more households even as average household size edges down, which can translate to sustained leasing activity over a long hold.
- Occupancy strength: neighborhood sits in the top decile nationally for stability, supporting lower vacancy assumptions.
- 2011 vintage versus older area stock provides competitive positioning and moderated near-term capital needs.
- High-cost ownership market reinforces rental demand and supports pricing power for quality assets.
- 3-mile household growth and high incomes point to a durable tenant base and renewal potential.
- Risks: owner-leaning tenure can limit renter depth; amenities skew practical over lifestyle; investors should underwrite leasing and concessions conservatively.