| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 39th | Poor |
| Amenities | 77th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 S 5th Ave, Mount Vernon, NY, 10550, US |
| Region / Metro | Mount Vernon |
| Year of Construction | 1979 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 S 5th Ave, Mount Vernon NY Multifamily Investment
Neighborhood occupancy has held in a stable range and renter-occupied housing is prevalent, supporting a deeper tenant base, according to WDSuite’s CRE market data. This asset’s Urban Core location offers steady renter demand with pricing power tied to local incomes and access to nearby employment centers.
The property sits in Mount Vernon’s Urban Core where daily conveniences are dense: cafes, groceries, and restaurants score in the mid-90s national percentiles, indicating strong amenity coverage for residents. Within the New York–Jersey City–White Plains metro, overall amenity positioning is competitive among metro neighborhoods (ranked 295 out of 889), which helps with leasing velocity and resident retention.
Renter-occupied housing accounts for a sizable share of neighborhood units and is in the top quartile among the metro’s 889 neighborhoods, signaling a deep multifamily renter pool. Neighborhood occupancy is above the national median (64th percentile) with modest improvement over five years, suggesting stable demand that supports rent collections and renewal potential at comparable assets.
The average neighborhood building vintage skews early-20th century, while this asset’s 1979 construction is newer than local norms. For investors, that typically means relatively stronger competitiveness versus older stock, while still budgeting for targeted modernization and system updates to drive rent premiums or reduce operating risk.
Three-mile demographic data show households have been increasing with projections for additional population and household growth over the next five years, pointing to renter pool expansion rather than contraction. Elevated home values in the area and a high value-to-income ratio (99th percentile nationally) indicate a high-cost ownership market, which tends to sustain multifamily demand; at the same time, neighborhood rent-to-income levels remain manageable, supporting lease retention and occupancy stability.
School ratings in the neighborhood sit below national medians (around the 26th percentile), which may temper family appeal relative to stronger-rated districts. However, the dense amenity base and proximity to regional job centers remain practical drivers for working households seeking access and convenience.
Safety signals are mixed in a useful way for underwriting. Within the New York–Jersey City–White Plains metro, the neighborhood tracks below the metro median for safety among 889 neighborhoods (a lower rank indicates comparatively higher reported crime locally). Nationally, however, the neighborhood performs above average, with violent and property offense measures landing in the top quartile relative to neighborhoods nationwide. For investors, this points to context-driven perception risk within the metro, but a profile that is comparatively safer than many areas across the U.S.
Nearby corporate nodes support commuter demand to this location, with access to technology and financial services employers including Cognizant, Citizens Bank, Mastercard, and PepsiCo. These employment anchors help sustain leasing and renewal prospects for workforce-oriented renters.
- Cognizant — technology services (9.18 miles)
- Cognizant Technology Solutions — technology services (9.19 miles) — HQ
- Fernando DaCunha - Citizens Bank, Home Mortgages — financial services (9.68 miles)
- Mastercard — payments & fintech (10.35 miles) — HQ
- Pepsico — food & beverage (11.54 miles) — HQ
150 S 5th Ave combines Urban Core convenience with a renter-heavy housing base and occupancy that sits above national medians. Based on CRE market data from WDSuite, the surrounding neighborhood shows durable renter demand supported by strong amenity density and a high-cost ownership market, which can reinforce reliance on multifamily housing and support pricing power when operations are well-managed.
Built in 1979 with 97 units, the asset is newer than much of the nearby housing stock, offering relative competitiveness versus older buildings while allowing for value-add through targeted renovations and system upgrades. Three-mile data indicate ongoing and projected increases in households and incomes, pointing to a larger tenant base over time. Key watch items include school quality, limited nearby parks, and mixed safety perceptions within the metro, all manageable through unit finishes, security, and tenant-experience execution.
- Renter-heavy neighborhood supports consistent multifamily demand and renewal depth
- Occupancy above national medians with amenity density that aids leasing and retention
- 1979 vintage is newer than local averages, with targeted modernization upside
- High-cost ownership market reinforces multifamily reliance and pricing power
- Risks: below-median school ratings, limited parks, and metro-relative safety perceptions