| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 74th | Good |
| Amenities | 75th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 Stanley Ave, Mamaroneck, NY, 10543, US |
| Region / Metro | Mamaroneck |
| Year of Construction | 2008 |
| Units | 96 |
| Transaction Date | 2012-02-29 |
| Transaction Price | $783,120 |
| Buyer | BORST HERMANN EDMUND |
| Seller | MAMARONECK PARTNERS L P |
225 Stanley Ave, Mamaroneck — 96-Unit 2008 Multifamily
Positioned in a high-income Westchester suburb where elevated ownership costs sustain renter demand, the asset benefits from steady tenant depth and competitive positioning, according to WDSuite’s CRE market data.
Mamaroneck’s neighborhood ranks in the top quartile among 889 metro neighborhoods, signaling strong fundamentals for workforce and professional renters. Dining, grocery, and park access are robust by national standards, which supports day-to-day livability and helps with leasing velocity and retention. Average school ratings are also high for the metro, reinforcing family-friendly appeal that can stabilize longer tenancies.
Local amenities compare favorably nationwide: restaurants and cafes are dense relative to most neighborhoods, grocery access trends well above average, and parks are similarly strong. These characteristics, measured at the neighborhood level, indicate convenience that typically sustains renter interest even as new supply competes across the broader New York–Jersey City–White Plains corridor.
The neighborhood features a renter-occupied share near one-third, which supports a reliable tenant base without overconcentration; rents trend above national norms while the rent-to-income ratio sits near the middle of U.S. neighborhoods. For investors, this points to demand depth with manageable affordability pressure, aiding lease retention and measured pricing power. Neighborhood occupancy has eased versus five years ago, so active asset management and renewal strategies remain important.
The property’s 2008 construction is newer than the neighborhood’s older housing stock (average vintage is 1960s), offering relative competitiveness versus legacy inventory. Investors should still plan for system updates typical of a mid-2000s asset, but the vintage suggests less near-term capital intensity than pre-1980s buildings while preserving potential for selective value-add (interiors, common areas, energy efficiency).
Within a 3-mile radius, demographics show modest population growth historically with projections for further population gains and a meaningful increase in households. Forecasts also point to smaller average household sizes, which can expand the renter pool and support occupancy stability. Elevated home values in Westchester create a high-cost ownership market, which tends to reinforce reliance on multifamily housing and reduce leakages to for-sale alternatives.
Neighborhood-level safety metrics are not available in WDSuite for this location. Investors typically contextualize property performance using broader city and metro trends, on-site security practices, and historical operations data rather than block-level assumptions.
Prudent underwriting may include reviewing recent police blotter summaries, property incident records, and insurer feedback at the submarket scale to triangulate risk without over-relying on incomplete statistics.
The area draws from a diversified Westchester employment base, with nearby corporate offices and headquarters that support commuter convenience and multifamily renter demand. Key employers include mortgage services, payments, consumer goods, logistics, and insurance.
- Fernando DaCunha - Citizens Bank, Home Mortgages — mortgage services (5.1 miles)
- Mastercard — payments (5.2 miles) — HQ
- PepsiCo — consumer goods (6.2 miles) — HQ
- XPO Logistics — logistics (6.7 miles) — HQ
- W. R. Berkley — insurance (7.6 miles) — HQ
This 96-unit, 2008-vintage property in Mamaroneck benefits from a high-income renter base and a neighborhood that ranks in the top quartile within the New York–Jersey City–White Plains metro. Elevated home values and above-average rents, coupled with a renter-occupied share near one-third, point to durable tenant depth and steady renewal prospects. Neighborhood occupancy has softened versus five years ago, so performance will hinge on active leasing and renewal management, but local amenity access and school quality support long-run stability.
The asset’s newer vintage versus much of the surrounding housing stock offers a competitive edge while leaving room for targeted upgrades to capture premium positioning. Within a 3-mile radius, projections indicate population growth and a notable increase in households as average household size trends lower—conditions that typically expand the renter pool and support occupancy stability. According to CRE market data from WDSuite, these dynamics align with sustained demand drivers seen across Westchester’s inner suburban submarkets.
- High-income suburb with elevated ownership costs that reinforce multifamily demand and lease retention
- 2008 vintage provides relative competitiveness vs. older stock with selective value-add potential
- Strong neighborhood amenities and schools support tenant appeal and stabilize occupancy
- 3-mile demographics show population growth and rising household counts, expanding the renter pool
- Risk: neighborhood occupancy has eased; requires disciplined leasing, renewals, and expense control