| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 82nd | Best |
| Amenities | 43rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 24 S Kensico Ave, White Plains, NY, 10601, US |
| Region / Metro | White Plains |
| Year of Construction | 2006 |
| Units | 43 |
| Transaction Date | 2001-12-05 |
| Transaction Price | $800,000 |
| Buyer | THE COUNTY OF WESTCHESTER |
| Seller | BOVA JOSEPH E |
24 S Kensico Ave, White Plains Multifamily Investment
Neighborhood occupancy sits in the upper half nationally and renter demand is supported by high local incomes, according to WDSuite’s CRE market data. A 2006 vintage positions the asset competitively versus older Westchester stock while maintaining operational flexibility.
Rated B and ranked above the metro median (373 of 889 New York–Jersey City–White Plains neighborhoods), the immediate area offers balanced fundamentals for multifamily. Grocery and park access test strong on a national basis (both in the 90th-plus percentiles), supporting day-to-day livability even as smaller-format amenities vary by block. Median asking rents in the neighborhood benchmark high nationally, which, paired with a rent-to-income profile that trends favorable, can underpin retention and measured pricing power.
Construction in the neighborhood skews older on average (1972), while the subject’s 2006 delivery is newer than much of the competitive set. For investors, this typically reduces near-term capital exposure versus pre-1980 assets, while still leaving room for targeted upgrades to drive rent lift and operating efficiency.
Tenure patterns indicate depth in the renter base: roughly 44% of housing units in the neighborhood are renter-occupied, and within a 3‑mile radius the renter share is near the low‑40s as well. This composition supports steady demand for professionally managed rentals and helps sustain occupancy through typical leasing cycles.
Within a 3‑mile radius, population and household counts have grown over the past five years and are projected to continue through 2028, with higher-income households representing a meaningful share. For multifamily owners, that combination translates to a larger tenant base over time and supports occupancy stability and rent collections, based on commercial real estate analysis from WDSuite.
Investors typically benchmark neighborhood safety against metro and national patterns to gauge leasing risk and retention. For this release, WDSuite does not report a comparable crime rank for this neighborhood; as such, rely on standard diligence—review city reports, property-level incident history, and nearby submarket trends—to understand trajectory rather than block‑level absolutes.
The employment base features finance and global corporate headquarters within a short commute, which can support renter demand and lease retention for workforce and professional tenants. Notable nearby employers include Citizens Bank (mortgages), Mastercard, PepsiCo, IBM, and XPO Logistics.
- Fernando DaCunha - Citizens Bank, Home Mortgages — financial services (1.5 miles)
- Mastercard — payments & technology (2.7 miles) — HQ
- Pepsico — consumer goods (3.4 miles) — HQ
- Ibm — technology & services (5.2 miles) — HQ
- Xpo Logistics — transportation & logistics (5.9 miles) — HQ
The property’s 2006 construction is newer than the neighborhood’s 1970s‑era baseline, which can moderate near‑term capital expenditures and enhance competitive positioning against older Westchester inventory. Neighborhood occupancy trends in the upper half nationally, and high household incomes locally support consistent renter demand and collections. Within a 3‑mile radius, population and households are growing and projected to expand further by 2028, indicating a gradually widening tenant pool.
Median rents in the neighborhood benchmark high nationally while rent-to-income levels remain manageable, pointing to measured pricing power without outsized affordability pressure, based on CRE market data from WDSuite. The surrounding employment base, including several headquarters within six miles, underpins commute convenience and leasing durability for professional households.
- 2006 vintage offers competitive positioning versus older neighborhood stock, with targeted value-add potential.
- Neighborhood occupancy in the upper half nationally supports stability across leasing cycles.
- High local incomes and a meaningful renter-occupied share indicate depth of tenant demand.
- Proximity to major employers and headquarters supports retention and rent collections.
- Risks: amenity depth varies by block and occupancy has softened versus five years ago, warranting hands-on leasing and asset management.