| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 40th | Poor |
| Amenities | 81st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Valentine Ln, Yonkers, NY, 10705, US |
| Region / Metro | Yonkers |
| Year of Construction | 1975 |
| Units | 27 |
| Transaction Date | 2001-06-30 |
| Transaction Price | $310,000 |
| Buyer | 111 VALENTINE LANE LLC |
| Seller | RIVALE REALTY |
111 Valentine Ln Yonkers Multifamily Investment
Neighborhood fundamentals point to deep renter demand and steady occupancy, with a high share of renter-occupied housing and tight vacancy in the surrounding area, according to WDSuite s CRE market data.
Located in Yonkers s Urban Core, the property sits within a renter-driven neighborhood where renter-occupied units account for a substantial share of housing. This depth of the tenant base supports leasing velocity and renewal prospects at the neighborhood level. Neighborhood occupancy is strong and competitive among New York Jersey City White Plains metro neighborhoods (96.1% occupancy for the neighborhood; rank 284 of 889; 78th percentile nationally), suggesting stability for well-managed multifamily assets nearby.
Local convenience is a relative strength: grocery and pharmacy access are both in the top national percentiles (98th and 99th, respectively), and parks and restaurants also score high nationally. While overall amenities rate above the metro median (amenity rank 231 of 889), cafe density is limited, which slightly tempers lifestyle appeal for some renter cohorts. These dynamics are typical of workforce-oriented sub-neighborhoods that rely on neighborhood services more than boutique retail.
From a housing cost standpoint, the area reflects a high-cost ownership market (value-to-income ratio in the 94th percentile nationally). This context tends to sustain reliance on rental housing and can support pricing power when paired with retention-focused operations. Median neighborhood contract rents track above national norms and have risen over the past five years, aligning with continued demand for professionally managed units.
Within a 3-mile radius, demographics indicate a growing renter pool: population and households expanded over the previous five years, and WDSuite forecasts additional population and household growth ahead. This trajectory implies a larger tenant base over time, supporting occupancy stability for well-positioned properties. The property s 1975 construction is newer than the neighborhood s average vintage, offering relative competitive positioning versus older stock, though investors should still plan for system updates or modernization as part of capital planning.
Neighborhood safety compares around the national middle for violent incidents and trends somewhat better than average for property-related incidents, based on national percentile comparisons. Recent year-over-year indicators suggest some uptick in estimated incident rates, so prudent operators typically emphasize lighting, access control, and community engagement to support resident experience and retention. These observations reflect neighborhood-level trends, not property-specific conditions.
Proximity to major employers in technology, finance, media, and hospitality supports commuter access and broad renter demand from a diverse workforce. Notable nearby employment nodes include Cognizant Technology Solutions, Prudential Financial, Disney ABC Television Group, Loews, and Time Warner.
- Cognizant Technology Solutions IT services (6.1 miles) HQ
- Prudential Financial financial services (10.0 miles)
- Disney ABC Television Group media (10.7 miles)
- Loews hospitality (11.1 miles) HQ
- Time Warner media (11.1 miles) HQ
111 Valentine Ln offers exposure to a renter-heavy Yonkers neighborhood with competitive occupancy levels for the metro and above-average access to daily-needs amenities. Based on CRE market data from WDSuite, neighborhood occupancy sits in the top quartile nationally and the share of renter-occupied units is among the highest across U.S. neighborhoods, signaling durable depth of demand. Within a 3-mile radius, both population and households have grown and are projected to expand further, pointing to a larger tenant base and support for leasing stability over the medium term.
The 1975 vintage is newer than the neighborhood s average building stock, providing relative competitiveness versus older properties while still warranting targeted modernization and system upgrades in capital plans. Ownership costs in the area are elevated relative to incomes, which tends to sustain reliance on multifamily rentals and can support rent collections and renewal rates when paired with attentive affordability and lease management. Key risks include affordability pressure (rent-to-income levels) and monitoring neighborhood safety trends to protect resident experience and retention.
- Renter-heavy neighborhood with competitive occupancy, supporting leasing stability
- Daily-needs amenities (grocery, pharmacy, parks) score high nationally, aiding tenant retention
- 1975 vintage is newer than local stock, with value-add potential through modernization
- 3-mile population and household growth expands the renter pool over time
- Risks: affordability pressure (rent-to-income) and need to monitor neighborhood safety trends