| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Whelan Pl, Yonkers, NY, 10703, US |
| Region / Metro | Yonkers |
| Year of Construction | 2011 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Whelan Pl, Yonkers Micro-Unit Multifamily Investment
Neighborhood multifamily occupancy remains resilient and homeownership is relatively high-cost for the area, supporting steady renter demand according to WDSuite’s CRE market data. Newer construction for the submarket adds competitive positioning without implying property-level performance.
The property sits in Yonkers’ Urban Core with a neighborhood rating of B-. Daily-needs retail scores well: grocery, pharmacy, parks, and restaurants are all in high national percentiles, which typically supports resident convenience and lease retention. Caf E9 density is thinner, but essential services are strong, offering practical livability rather than destination retail.
Multifamily occupancy in the neighborhood is strong and above the national median (neighborhood occupancy is measured for the neighborhood, not the property), and median contract rents trend above national levels but below the top tier, indicating pricing power balanced with renter sensitivity. The area’s renter-occupied share is high for the metro context, signaling a deep tenant base and durable demand for professionally managed units.
Within a 3-mile radius, demographic data show population and household growth over the past five years, with projections indicating further increases by 2028. This points to a larger tenant base and supports occupancy stability for well-managed assets. Median and mean household incomes in the 3-mile catchment have grown meaningfully, adding depth to demand for quality rentals, though renter affordability should still be managed carefully as rents are projected to rise.
The median home value in the neighborhood sits in a higher national percentile, characterizing a high-cost ownership market that tends to reinforce reliance on rental housing. For investors, this typically supports tenant retention and leasing velocity, particularly for smaller-format units that offer more accessible monthly rents relative to buying.
Construction year matters: the asset was built in 2011 in a metro where the average neighborhood vintage skews much older. Newer construction can reduce near-term capital expenditure risk and enhance competitive positioning versus older stock; investors should still plan for mid-life system updates and modernization to sustain renter appeal.
School ratings in the neighborhood are below national medians, which may temper appeal for family-oriented renters; however, the Urban Core setting and strong access to daily services align more with workforce and convenience-driven demand.
Safety signals are mixed and should be interpreted in context. Compared with the New York Jersey City White Plains metro, the neighborhood scores in a weaker safety cohort (ranked nearer the lower end among 889 metro neighborhoods), while nationally it sits modestly above the middle of the pack. According to WDSuite, both violent and property offense rates have declined year over year, a constructive trend investors can monitor alongside management and security measures.
The employment base within a 13-mile commute features major corporate offices across technology, financial services, consumer goods, and media. This concentration supports workforce housing demand and can aid leasing stability for smaller-format units.
- Cognizant Technology Solutions IT & consulting (7.7 miles) HQ
- Prudential Financial financial services (10.3 miles)
- Mastercard payments technology (10.9 miles) HQ
- PepsiCo food & beverage (12.1 miles) HQ
- Disney ABC Television Group media & entertainment offices (12.5 miles)
This 28-unit, 2011-vintage asset offers newer construction relative to the area’s predominantly early-20th-century stock, providing competitive positioning and potential for lower near-term capex. Neighborhood-level occupancy remains solid and renter concentration is high for the metro, reinforcing depth of demand for compact units. Elevated neighborhood home values suggest a high-cost ownership market, which tends to sustain reliance on rental housing. According to commercial real estate analysis from WDSuite, national-level amenity access for groceries, pharmacies, parks, and restaurants is strong, supporting livability and retention.
Forward-looking demographics aggregated within a 3-mile radius indicate population and household growth through 2028, alongside rising incomes and rents. That backdrop supports long-term leasing durability, while the building’s newer vintage can remain competitive with targeted mid-life upgrades to maintain appeal and manage operating risk.
- 2011 construction offers competitive positioning versus older neighborhood stock with potentially lower near-term capex needs
- Strong neighborhood amenity access and resilient multifamily occupancy support leasing stability (neighborhood metrics, not property)
- High-cost ownership market reinforces renter demand and retention potential for well-managed units
- 3-mile radius shows population and household growth, expanding the tenant base through 2028
- Risks: below-median school ratings, mixed safety signals within the metro, and the need to manage affordability as rents rise