| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 49th | Fair |
| Amenities | 99th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 State St, Ossining, NY, 10562, US |
| Region / Metro | Ossining |
| Year of Construction | 2012 |
| Units | 56 |
| Transaction Date | 2010-08-18 |
| Transaction Price | $1,200,000 |
| Buyer | THE COUNTY OF WESTCHESTER |
| Seller | RED LION APARTMENTS LLC |
25 State St Ossining Multifamily Near Corporate Hubs
Neighborhood occupancy of 93.9% and a high renter concentration indicate durable leasing fundamentals for this 2012 asset, according to WDSuite s CRE market data.
The property sits in Ossining s Urban Core and is competitive among New York Jersey City White Plains neighborhoods (ranked 277 out of 889). Daily-needs access is a clear strength: the neighborhood rates in the top percentiles nationally for cafes, groceries, parks, and pharmacies, supporting livability and resident retention for workforce and professional renters.
Neighborhood occupancy is reported at 93.9%, with improvement over the past five years, signaling steady demand. Median asking rents in the neighborhood benchmark high versus the nation (around the mid-90s percentile), a factor that can support pricing power; at the same time, the rent-to-income ratio reads comparatively modest, which can aid lease retention and reduce turnover risk.
Tenure dynamics point to a deep renter base at the neighborhood scale: roughly three-quarters of housing units are renter-occupied. Within a 3-mile radius, the renter share is lower (about one-third), but household counts have risen and are projected to continue increasing, expanding the potential tenant pool and supporting occupancy stability.
Demographic statistics aggregated within 3 miles indicate population growth over the last five years with further increases expected, alongside notable gains in household incomes. Taken together, these trends align with sustained multifamily demand while reinforcing the case for professionally managed product near transit and amenities, based on CRE market data from WDSuite.
Comparable neighborhood crime metrics are not available in WDSuite for this location. Investors typically benchmark safety using metro-level and adjacent-neighborhood trends to understand relative positioning and trajectory over time.
Proximity to major corporate offices and headquarters supports a diverse employment base and commute convenience for renters, including PepsiCo, IBM, Mastercard, and XPO Logistics.
- Pepsico corporate offices (4.96 miles)
- Ibm technology & services (8.27 miles) HQ
- Mastercard financial technology (12.32 miles) HQ
- Pepsico corporate headquarters (12.37 miles) HQ
- Xpo Logistics transportation & logistics (14.84 miles) HQ
Built in 2012, the 56-unit property offers a newer vintage relative to much of the local housing stock, providing competitive positioning versus older buildings while leaving room for targeted modernization as systems age. Neighborhood occupancy near the mid-90s and high renter-occupied share point to a sizable tenant base and leasing stability, according to CRE market data from WDSuite.
Amenity access ranks among the strongest nationally, which supports retention and absorption. At the same time, regional home values and a comparatively modest rent-to-income ratio suggest renters have capacity to sustain current levels, though ownership options may compete at the margin. Three-mile demographics show recent growth in population and households with further expansion projected, supporting long-run multifamily demand.
- 2012 construction enhances competitive standing versus older neighborhood stock; selective upgrades can drive value-add.
- High neighborhood renter concentration and occupancy support cash flow durability and lease retention.
- Top-tier access to dining, parks, groceries, and pharmacies underpins livability and demand.
- 3-mile population and household growth expand the tenant base, aiding absorption and renewal rates.
- Risk: comparatively accessible homeownership in parts of Westchester and modest rent-to-income ratios may temper near-term rent push potential.