| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 73rd | Good |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 191 Broadway, Dobbs Ferry, NY, 10522, US |
| Region / Metro | Dobbs Ferry |
| Year of Construction | 1972 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
191 Broadway, Dobbs Ferry NY Multifamily Investment
Positioned in a high-income Westchester submarket with strong schools and stable neighborhood occupancy, the asset benefits from deep renter demand and a high-cost ownership landscape, according to WDSuite’s CRE market data. Expect durable leasing supported by workforce access and top-quartile neighborhood fundamentals.
Dobbs Ferry’s neighborhood quality rates in the top quartile among 889 metro neighborhoods (A rating), indicating competitive livability and steady renter appeal. Neighborhood occupancy trends have been stable and sit above national medians, supporting income durability for multifamily assets in this area.
Amenities are a strength: parks and pharmacies index in the top percentiles nationally, and restaurants are also strong compared with U.S. neighborhoods. Childcare access performs well relative to national peers, while cafés are comparatively limited. For investors, this mix points to daily-needs convenience that supports retention, even if lifestyle coffee options are thinner locally.
Schools are a standout, ranking at the top of the metro with national top-percentile marks, a characteristic that typically supports family-oriented renter demand and lengthens average tenure. Renter-occupied share in the neighborhood is near half of housing units, indicating a deep tenant base and diversified demand across unit types.
Within a 3-mile radius, demographic statistics show recent population growth and an increase in households, with forecasts calling for further gains—expanding the local renter pool and supporting occupancy stability. Elevated home values relative to national benchmarks signal a high-cost ownership market, which tends to reinforce reliance on multifamily housing and can aid pricing power and lease retention.
Comparable neighborhood crime rankings are not available in the current dataset for this location. Investors typically benchmark neighborhood safety by reviewing Westchester County and New York–Jersey City–White Plains metro trends alongside property-level security practices and management history over time.
A prudent approach is to evaluate multi-year trends from consistent sources, consider daytime population and nearby institutional uses, and incorporate on-site measures (lighting, access control, and monitoring) into underwriting and operations planning.
Proximity to established corporate employers supports a broad professional renter base and commute convenience, including Mastercard, PepsiCo, IBM, Prudential Financial, and Cognizant Technology Solutions.
- Mastercard — payments (8.8 miles) — HQ
- PepsiCo — consumer goods (9.8 miles) — HQ
- IBM — technology & services (10.6 miles) — HQ
- Prudential Financial — financial services (10.9 miles)
- Cognizant Technology Solutions — IT services (11.6 miles) — HQ
191 Broadway is a 72-unit multifamily property positioned in a high-performing Westchester neighborhood where schools rank at the top of the metro and amenities skew toward daily-needs convenience. The surrounding area shows population growth within 3 miles and forecasts indicate additional household gains, supporting a larger tenant base and occupancy stability. Elevated home values relative to national benchmarks suggest a high-cost ownership market, which typically sustains rental demand and aids retention for well-managed assets.
Constructed in 1972, the asset is slightly newer than the neighborhood’s late-1960s average, offering competitive positioning versus older stock while still warranting targeted modernization for systems and interiors. According to CRE market data from WDSuite, neighborhood occupancy is above national medians and renter concentration is substantial, reinforcing day-one demand fundamentals while leaving room for operational and value-add execution.
- Top-tier school district and daily-needs amenities support retention and family-driven demand.
- High-cost ownership environment underpins multifamily reliance and pricing power.
- 1972 vintage provides relative competitiveness vs. 1960s stock with scope for targeted renovations.
- Expanding 3-mile population and households indicate a growing renter pool and leasing stability.
- Risks: older systems may require capex; limited café density could temper some lifestyle appeal.