| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 77th | Best |
| Amenities | 49th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 633 Old Post Rd, Bedford, NY, 10506, US |
| Region / Metro | Bedford |
| Year of Construction | 2009 |
| Units | 25 |
| Transaction Date | 2011-11-01 |
| Transaction Price | $5,470,000 |
| Buyer | Houlihan-Partners |
| Seller | GHP Office Realty |
633 Old Post Rd, Bedford NY Multifamily Investment
Newer 2009-vintage asset in a high-income Westchester submarket where neighborhood occupancy has trended upward, according to WDSuite’s CRE market data. Expect a smaller but stable renter pool supported by strong schools and elevated home values that sustain rental demand.
Bedford’s suburban setting combines upper-income demographics with steady housing fundamentals relevant to multifamily. Neighborhood home values sit well above national norms while rent-to-income ratios are favorable, indicating room for lease retention and measured pricing without overextending tenants. School quality is strong—top quartile nationally by WDSuite benchmarks—which typically supports long-term neighborhood stability and family-oriented tenancy.
Amenities are serviceable for a low-density area. Cafes, childcare, and parks index above national averages (national percentiles in the upper 60s to around 70), while groceries and restaurants are closer to mid-pack. These characteristics point to day-to-day convenience without urban-level density. Neighborhood occupancy is measured for the neighborhood and has improved over the past five years, signaling resilient demand even as the broader metro cycles.
Tenure patterns matter for multifamily strategy: within a 3-mile radius, the share of housing units that are renter-occupied is limited, underscoring a niche but targeted renter base. In high-cost ownership markets like this, elevated ownership costs often reinforce reliance on rental options for households prioritizing school access and commute quality—factors that can support occupancy stability and retention for well-positioned assets.
Vintage positioning is a relative advantage here. The local housing stock skews older on average, while this property’s 2009 construction offers more contemporary systems and finishes versus mid-century inventory. For investors, that can reduce near-term capital exposure while keeping optionality for selective upgrades that sharpen competitive positioning.
WDSuite does not provide a verified neighborhood-level safety rank for this location in the current release. Investors typically benchmark local conditions using regional trend data and municipal reporting to understand how the area compares within the New York–Jersey City–White Plains metro. Use property-level controls and standard due diligence to validate on-the-ground conditions.
The area benefits from a diversified white-collar employment base in technology, financial services, consumer goods, and business services—supporting workforce housing demand and commute convenience for prospective renters.
- IBM — technology & research (7.8 miles) — HQ
- Synchrony Financial — financial services (8.6 miles) — HQ
- PepsiCo — consumer goods (11.1 miles)
- Xerox — technology & business services (11.9 miles) — HQ
- EMCOR Group — engineering & facilities services (12.0 miles) — HQ
This 25-unit, 2009-built property aligns with a high-income, low-density Westchester location where elevated ownership costs and strong schools underpin durable rental demand. The neighborhood’s occupancy has trended higher in recent years, and school quality ranks among the top quartile nationally—factors that typically support retention and lease stability. Based on CRE market data from WDSuite, the local renter pool is smaller than urban peers, but rent-to-income metrics are favorable, suggesting capacity for steady performance when operations remain disciplined.
Relative to older surrounding stock, the 2009 vintage offers competitive positioning with potentially lighter near-term capital needs while still allowing value-add through targeted unit and common-area improvements. Forward-looking demographics within a 3-mile radius indicate growth in households, expanding the addressable tenant base even if ownership remains predominant. Key risks include a thinner renter-occupied share and pockets of rent softness nearby, which heighten the importance of precise unit mix, amenity fit, and asset-level execution.
- 2009 vintage competes well against older neighborhood stock, with selective upgrade upside
- High-income area and strong schools support renter demand and retention
- Neighborhood occupancy trends have improved, supporting stability for well-managed assets
- Household growth within 3 miles expands the tenant base over the medium term
- Risk: smaller renter-occupied share and potential rent softness require targeted leasing strategy