| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 67th | Good |
| Amenities | 44th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Sheldrake Pl, Mamaroneck, NY, 10543, US |
| Region / Metro | Mamaroneck |
| Year of Construction | 2009 |
| Units | 28 |
| Transaction Date | 2017-11-15 |
| Transaction Price | $630,000 |
| Buyer | SANFORD RYAN BURKES |
| Seller | CORTINA ALBERT E |
101 Sheldrake Pl Mamaroneck Multifamily Investment
Neighborhood occupancy remains high and stable, supporting income durability for a 28-unit asset, according to WDSuite's CRE market data. Positioned in Westchester's Urban Core, the asset benefits from durable renter demand and limited nearby competition.
The property sits in a B-rated Urban Core neighborhood that ranks above the metro median among 889 New York-Jersey City-White Plains neighborhoods. According to CRE market data from WDSuite, neighborhood occupancy is in the top quartile nationally, indicating resilient leasing and limited downtime risk versus many U.S. areas.
Daily-life amenities are a strength: cafes and groceries score in the upper national percentiles, while restaurants are also competitive. Childcare, pharmacies, and parks are comparatively limited within the immediate neighborhood, so residents may rely on nearby nodes for those needs. For investors, the amenity mix supports leasing velocity while the limited community-service nodes are a modest consideration for long-term positioning.
Education quality trends near the national average, with an average school rating around the 60th percentile. That balance can support stable family demand without the pricing premiums seen in top-decile school clusters.
Tenure dynamics suggest a deep renter base: the renter-occupied share is elevated relative to national norms at the neighborhood level (competitive among metro peers), which supports multifamily demand and occupancy stability. At the same time, the 3-mile demographic catchment shows upper-income households and steady population and household growth, contributing to a durable tenant pipeline and reinforcing lease retention.
Neighborhood-level crime ranks and percentiles are not available in the WDSuite dataset for this location. Investors typically benchmark safety by comparing neighborhood trends to city and county patterns and by evaluating on-site measures (lighting, access controls) and tenant feedback. In the absence of a verified rank or percentile, treat safety as a standard due-diligence item and compare to similar Westchester assets.
Proximity to major corporate employers in payments, food and beverage, logistics, insurance, and technology supports commuter convenience and renter retention within a roughly 5–11 mile radius.
- Mastercard — payments (4.9 miles) — HQ
- Pepsico — food & beverage (6.0 miles) — HQ
- Xpo Logistics — logistics (6.5 miles) — HQ
- W.R. Berkley — insurance (7.5 miles) — HQ
- Ibm — technology (10.6 miles) — HQ
Built in 2009, the asset is meaningfully newer than much of the local housing stock, offering competitive positioning versus older inventory while allowing for selective modernization as systems age. Elevated neighborhood occupancy and an above-median metro ranking point to strong renter demand, and the area's high-cost ownership market helps sustain reliance on multifamily housing and supports lease retention. According to CRE market data from WDSuite, neighborhood rent-to-income levels indicate manageable affordability pressure that can aid collections and renewals.
Amenity access skews toward food and grocery convenience rather than parks, pharmacies, or childcare, which is a planning consideration for long-term positioning. With a 28-unit footprint, investors should underwrite some cash flow variability while leveraging the nearby corporate employment base and stable demand drivers to support occupancy.
- 2009 vintage competes well against older neighborhood stock; targeted updates can enhance positioning
- High neighborhood occupancy and above-median metro standing support income durability
- Elevated home values reinforce renter reliance on multifamily, aiding pricing power and retention
- Corporate employers nearby (payments, F&B, logistics, insurance, tech) underpin leasing demand
- Risks: limited parks/pharmacy/childcare access and small asset size can create leasing and cash flow variability