| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 46th | Poor |
| Amenities | 48th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Cottage St, Port Chester, NY, 10573, US |
| Region / Metro | Port Chester |
| Year of Construction | 1982 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
65 Cottage St, Port Chester Multifamily Investment
Steady renter demand and high neighborhood occupancy suggest durable income potential, according to WDSuite’s CRE market data. The Urban Core setting in Port Chester offers daily-needs convenience and a deep renter base that can support leasing stability.
Port Chester’s Urban Core location balances daily-needs access with investment fundamentals. Neighborhood occupancy is competitive, ranking 78 out of 889 metro neighborhoods and in the top quartile nationally, which supports income stability and reduces downtime risk. A high share of housing units are renter-occupied (near the top of metro rankings), indicating depth in the tenant base and consistent demand for multifamily product.
Local amenities skew toward essentials over lifestyle. Grocery and park access trend in the 95th percentile nationally, while restaurants are also strong (97th percentile). Cafés and pharmacies are comparatively sparse, which investors should factor into renter expectations and marketing. The neighborhood carries a C+ rating in WDSuite, placing it above the metro median on housing fundamentals while still priced below the region’s most premium enclaves.
Home values are elevated relative to national benchmarks (high-cost ownership market), which tends to reinforce reliance on multifamily housing and can aid pricing power and retention. Median contract rents in the area have trended upward over the past five years, outpacing many U.S. neighborhoods, yet neighborhood rent-to-income levels appear manageable in WDSuite’s comparisons—helpful for lease management and renewal strategies.
Within a 3-mile radius, population and households have grown and are projected to continue rising through 2028, pointing to a larger tenant base over time. This expansion—paired with the neighborhood’s strong occupancy—supports forward leasing assumptions and underpins long-term multifamily demand.
Comparable safety metrics for this neighborhood are not available in WDSuite’s dataset, so investors should contextualize risk using county and municipal trend reports and property-level measures (lighting, access control, and management practices). Use a like-for-like comparison across nearby New York-Jersey City-White Plains neighborhoods to gauge relative performance over time.
- Xpo Logistics — logistics (2.4 miles) — HQ
- Mastercard — payments & fintech (3.2 miles) — HQ
- W.R. Berkley — insurance (3.2 miles) — HQ
- Pepsico — consumer goods (3.4 miles) — HQ
- Fernando DaCunha - Citizens Bank, Home Mortgages — banking services (4.2 miles)
A diverse corporate base nearby supports commuter convenience and renter retention, led by logistics, payments, insurance, consumer goods, and banking offices within a short drive.
This 24-unit asset at 65 Cottage St was built in 1982, newer than much of the surrounding housing stock, offering competitive positioning versus older properties while still warranting selective modernization and capital planning. Strong neighborhood occupancy—top quartile nationally and competitive among the New York-Jersey City-White Plains metro’s 889 neighborhoods—pairs with a high renter-occupied share to support leasing stability. Elevated ownership costs in Westchester further sustain renter demand and can bolster pricing power without over-reliance on rapid lease trade-outs.
Population and household growth within a 3-mile radius, alongside upward rent trends, point to continued renter pool expansion. According to CRE market data from WDSuite, daily-needs amenities (grocery, parks) are a local strength, while lifestyle amenities are thinner—shaping the resident profile toward convenience-oriented renters and workforce households.
- High neighborhood occupancy and deep renter base support consistent collections and lower turnover risk.
- 1982 vintage offers relative competitiveness versus older stock with value-add potential through targeted upgrades.
- Elevated ownership costs in the area reinforce sustained multifamily demand and pricing power.
- Nearby employers across logistics, finance, insurance, and consumer goods support commuter demand and retention.
- Risks: aging building systems due to vintage, thinner café/pharmacy options, and the need for disciplined lease management as rents trend upward.