| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 74th | Good |
| Amenities | 75th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 233 Halstead Ave, Mamaroneck, NY, 10543, US |
| Region / Metro | Mamaroneck |
| Year of Construction | 1990 |
| Units | 77 |
| Transaction Date | 2014-12-31 |
| Transaction Price | $8,220,000 |
| Buyer | MAMARONECK TOWERS LP |
| Seller | MAMARONECK SENIOR CITIZENS APARTMENT HOU |
233 Halstead Ave, Mamaroneck NY Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by high home values and strong incomes, according to WDSuite’s CRE market data. Investor focus: maintain competitive positioning to capture an owner‑heavy area’s consistent tenant base.
The property sits in Mamaroneck’s inner‑suburban fabric of the New York–Jersey City–White Plains metro, where the neighborhood rates competitive among 889 metro neighborhoods. Local essentials are dense: restaurants and cafes test in the top decile nationally, with grocery, parks, and pharmacies also scoring above national medians. Average school ratings land in a nationally high percentile, an attribute that can support lease retention for family renters.
Vintage matters for positioning: built in 1990, the asset is materially newer than the area’s typical housing stock from the early 1960s. That relative age advantage can reduce near‑term capital planning compared with older comparables, while still leaving room for selective modernization to drive yield.
Tenure dynamics are favorable for multifamily operators. The neighborhood shows a renter‑occupied share around one‑third, and within a 3‑mile radius, housing units also skew majority owner‑occupied. For investors, this indicates depth from renters who prefer professionally managed options amid limited rental stock, supporting demand resilience even as marketing must target a defined renter cohort rather than a broad transient base.
Demand drivers align with income and ownership context. Nationally elevated home values in the neighborhood and strong household incomes tend to reinforce reliance on rental housing for households not pursuing ownership, which can aid pricing power and renewal capture. At the same time, neighborhood occupancy has trailed the national median in recent years; operators should emphasize product quality and amenity curation to compete effectively. Nearby demographics aggregated within a 3‑mile radius point to ongoing population growth and an increase in households, suggesting a gradually expanding renter pool over the medium term.
Comparable safety metrics for this neighborhood are not available in the current WDSuite release. Investors commonly benchmark neighborhood safety against metro and national patterns; in the absence of ranked data, underwriting should incorporate local trend checks and property‑level measures (access control, lighting, and resident engagement) to support leasing stability.
Proximity to major corporate offices underpins commuter convenience and renter demand. Notable employers nearby include Mastercard, PepsiCo, XPO Logistics, W.R. Berkley, and IBM.
- Mastercard — payments technology (4.97 miles) — HQ
- Pepsico — consumer goods (6.01 miles) — HQ
- Xpo Logistics — transportation & logistics (6.44 miles) — HQ
- W.R. Berkley — insurance (7.42 miles) — HQ
- Ibm — technology & services (10.64 miles) — HQ
233 Halstead Ave offers a 77‑unit footprint in an inner‑suburban Westchester location where daily‑needs retail, dining, and schools test above national medians. Based on commercial real estate analysis from WDSuite, elevated neighborhood home values and strong incomes support a durable renter pool, while the area’s majority‑owner housing mix can help professionally managed units stand out. The 1990 construction provides a relative age advantage versus older local stock, with opportunity for targeted upgrades to support rent positioning.
Underwriting should acknowledge that neighborhood occupancy has been below the national median, making asset differentiation important. Demographics within a 3‑mile radius indicate ongoing population growth and an increase in households, which supports tenant base expansion and occupancy stability over the medium term.
- Inner‑suburban location with strong daily‑needs access and nationally high amenity and school scores
- 1990 vintage is newer than area norms, with value‑add potential via selective modernization
- High home values and strong incomes reinforce rental demand and retention potential
- 3‑mile demographics point to population and household growth, supporting a larger renter pool
- Risk: neighborhood occupancy trails national median—compete on quality, service, and amenities