| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 57th | Fair |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1159 Yonkers Ave, Yonkers, NY, 10704, US |
| Region / Metro | Yonkers |
| Year of Construction | 2001 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1159 Yonkers Ave, Yonkers NY Multifamily Investment
Built in 2001, the asset competes well against an older local stock while the neighborhood’s above-median occupancy supports stable leasing, according to WDSuite’s CRE market data.
The property sits in an Urban Core area of Yonkers rated B-, where neighborhood occupancy is above the metro median and has edged up over the last five years. Relative to the New York–Jersey City–White Plains metro, this location is competitive among 889 neighborhoods for day-to-day convenience, with strong food and retail access supporting resident retention and lease-up.
Amenity density is a strength: restaurants and cafés rank in the upper national percentiles, and grocery options are similarly well represented. Park access and pharmacies are more limited in the immediate neighborhood, so on-site features and nearby private services may play a larger role in resident experience.
The building’s 2001 vintage is much newer than the neighborhood’s average construction year (mid-20th century), suggesting relative competitiveness versus older stock. Investors should still plan for system modernization and common-area refresh cycles typical for assets of this age, but near-term capital intensity may be lower than for pre-war properties nearby.
Tenure patterns vary by geography. At the neighborhood level, roughly one-third of housing units are renter-occupied, indicating an ownership-leaning pocket that can temper depth immediately around the asset. However, within a 3-mile radius, renters constitute a larger share of occupied units, creating a broader tenant base that supports demand stability for multifamily operators.
Demographic indicators within a 3-mile radius point to population growth alongside a faster increase in households, implying smaller household sizes and a gradual renter pool expansion. Rising median incomes and ongoing household gains support leasing durability and help manage affordability pressure, even as area rents sit above national levels.
Home values in the neighborhood are elevated relative to much of the country. In investor terms, a high-cost ownership market tends to sustain reliance on rental housing, which can bolster pricing power and reduce turnover risk when paired with prudent lease management.
Safety metrics for the neighborhood are better than average, placing it in the top quartile among 889 metro neighborhoods and above the national midpoint. Property offenses have trended lower year over year, while violent incidents show a recent uptick, suggesting operators should maintain standard security and resident engagement practices.
For investors, the takeaway is a generally favorable safety profile compared with both metro peers and national norms, with monitoring warranted for trend changes rather than block-level concerns.
Nearby corporate offices form a diverse white-collar employment base that supports commuter demand and resident retention, including technology and financial services as well as global consumer brands listed below.
- Cognizant — technology services (8.5 miles)
- Cognizant Technology Solutions — technology services (8.5 miles) — HQ
- Mastercard — payments & technology (10.6 miles) — HQ
- Disney ABC Television Group — media offices (11.8 miles)
- PepsiCo — food & beverage (11.8 miles) — HQ
1159 Yonkers Ave offers a 2001-vintage asset in an Urban Core pocket where neighborhood occupancy trends sit above the metro median and amenity access is a clear advantage. The property’s newer construction relative to the area’s older housing stock positions it competitively, while a broader 3-mile market with growing households and rising incomes supports a larger tenant base and steady leasing.
According to commercial real estate analysis from WDSuite, local rents are higher than national norms but rent-to-income levels suggest manageable affordability pressure, supporting retention when paired with disciplined renewals. Investors should plan for standard mid-life system updates and monitor safety trends, but fundamentals—tenant demand depth, leasing stability, and relative competitiveness—present a durable thesis.
- 2001 construction competes well versus older neighborhood stock, with pragmatic capex planning for system upgrades.
- Neighborhood occupancy above the metro median and strong amenity access support stable leasing and pricing power.
- Within a 3-mile radius, household growth and rising incomes expand the renter pool and reinforce demand.
- Elevated home values in the area sustain reliance on rental housing, aiding retention with disciplined lease management.
- Risks: limited park access locally and a recent uptick in violent incidents warrant monitoring and proactive operations.