| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 40th | Poor |
| Amenities | 81st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Vark St, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1994 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Vark St Yonkers Multifamily Investment
Neighborhood occupancy has been resilient with a deep renter base, according to WDSuite’s CRE market data, pointing to durable demand for a 34-unit asset in Yonkers. The area’s renter concentration supports leasing stability, while pricing power should be managed with an eye on local affordability.
This Urban Core neighborhood in the New York–Jersey City–White Plains metro rates above the metro median (ranked 427 of 889 neighborhoods), with competitive access to daily needs. Grocery, restaurant, park, and pharmacy densities test in the top decile nationally, while cafes are less prevalent. For investors, this mix favors day‑to‑day convenience for residents without relying on destination retail.
Neighborhood occupancy stands at 96.1% and has trended higher in recent years, placing it competitive among New York–Jersey City–White Plains neighborhoods. The renter-occupied share is elevated at 79.3%, indicating a deep pool of renter households — a positive signal for multifamily demand depth and lease‑up consistency.
Within a 3‑mile radius, demographics point to a larger tenant base over time: population and household counts have grown over the last five years, with additional gains projected by 2028. Rising median incomes in the 3‑mile area expand the potential renter pool, while a forecast increase in households supports occupancy stability and renewal prospects for well‑positioned assets.
Home values in the neighborhood sit in a higher‑cost ownership context (nationally high value‑to‑income ratio), which tends to reinforce reliance on rental housing and can support pricing power. At the same time, the local rent‑to‑income ratio is elevated, so asset management should emphasize retention and renewal strategies to mitigate affordability pressure. The subject’s 1994 vintage is newer than the area’s older housing stock (average construction year 1934), offering relative competitiveness versus pre‑war buildings while still warranting targeted modernization as systems age.
Safety indicators are mixed. Overall crime benchmarks sit below the national median (38th percentile nationally), while violent‑offense measures hover around the national midrange and property‑offense measures track slightly better than the national middle. In metro context, performance is competitive among New York–Jersey City–White Plains neighborhoods rather than top quartile. Recent year figures indicate upticks in both violent and property categories, so prudent operators may account for trend monitoring and resident‑experience measures.
Proximity to a diversified employment base supports renter demand and commute convenience, with nearby roles in IT services, financial services, media, and diversified corporate management. The employers below represent realistic feeder demand for workforce and professional renters in this submarket.
- Cognizant Technology Solutions — IT services (6.7 miles) — HQ
- Prudential Financial — financial services (9.8 miles)
- Disney ABC Television Group — media (11.5 miles)
- Loews — diversified holding company (11.9 miles) — HQ
- Time Warner — media & entertainment (11.9 miles) — HQ
100 Vark St is a 34‑unit asset built in 1994, positioned in a renter‑heavy Yonkers neighborhood where occupancy has been consistently strong and day‑to‑day amenities are accessible. The property’s newer‑than‑area vintage compares favorably to the predominantly pre‑war housing stock, suggesting relative competitiveness, with scope for targeted modernization to enhance rents and retention. Based on CRE market data from WDSuite, the surrounding area shows sustained renter demand, supported by high renter‑occupied share and a growing 3‑mile household base.
Investment performance should benefit from a high‑cost ownership backdrop that sustains reliance on rental housing and supports lease‑up velocity. Key watch items include managing affordability pressure (given local rent‑to‑income levels) and monitoring safety trends — both manageable through measured underwriting assumptions and proactive asset management.
- Renter‑heavy neighborhood and competitive occupancy support demand durability
- 1994 vintage offers relative edge versus older stock with value‑add modernization potential
- Amenity access (groceries, parks, pharmacies, restaurants) aligns with resident convenience and retention
- High‑cost ownership market reinforces rental reliance and pricing power
- Risks: elevated rent‑to‑income and mixed safety trends warrant conservative underwriting and active management