| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 40th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Hamilton Ave, Yonkers, NY, 10705, US |
| Region / Metro | Yonkers |
| Year of Construction | 1983 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15 Hamilton Ave Yonkers 96-Unit Multifamily Opportunity
Neighborhood renter concentration and steady occupancy support durable demand, according to WDSuite s CRE market data, suggesting potential for consistent leasing performance in Yonkers.
Located in Yonkers Urban Core, the property benefits from strong daily-needs coverage and pedestrian convenience. Grocery and restaurant density score in the upper ranges nationally (both in the high-90s percentiles), translating into lifestyle convenience and broad service options that typically support renter retention. Caf E9 density also trends high, while limited childcare and pharmacy presence indicates some gaps investors should note for family-oriented tenants.
Compared with the New York Jersey City White Plains, NY NJ metro, the neighborhood s overall amenity positioning is competitive (ranked 389 out of 889 metro neighborhoods) and its occupancy performance trends above the national median (neighborhood occupancy around the upper-mid range nationally). A high share of housing units are renter-occupied at the neighborhood level (69.8%), indicating a deep tenant base that can help stabilize absorption and renewals for multifamily assets.
The building s vintage is 1983, newer than the neighborhood s older housing stock (average year 1940). For investors, this typically implies stronger functional layouts and systems versus pre-war inventory, while still planning for age-related capital items (roofing, MEPs, and common-area refresh) to maintain competitive positioning.
Within a 3-mile radius, demographics show population growth over the past five years with households expanding and further gains forecast through 2028. Rising median incomes and projected household growth point to a larger tenant base over time, which can underpin occupancy stability and support rent trade-outs when units are turned. Median home values in the area sit in a higher national percentile, reinforcing reliance on multifamily housing and helping sustain renter demand; at the same time, rent-to-income levels signal some affordability pressure, which calls for attentive lease management and renewal strategies.
Safety indicators compare modestly favorably at the national level, with recent metrics generally above the national median. Property offenses show a notable year-over-year decline, which is a constructive trend for perception and leasing.
Within the New York Jersey City White Plains, NY NJ metro context, the neighborhood ranks 78 out of 889 on crime a position that suggests more challenging conditions relative to many metro peers. Nationally, however, violent and property offense measures land above the midpoint, indicating comparatively better standing versus numerous U.S. neighborhoods. Investors should underwrite standard security, lighting, and access-control measures and monitor continued trend improvement rather than relying on any single-year shifts.
Commuter access to large employers in IT services, finance, media, and diversified holdings supports a broad renter pool and can aid retention for workforce and professional tenants nearby. The list below highlights nearby corporate offices and headquarters relevant to tenant demand.
- Cognizant Technology Solutions IT services (6.6 miles) HQ
- Prudential Financial financial services (10.2 miles)
- Disney ABC Television Group media (11.2 miles)
- Loews diversified holding company (11.6 miles) HQ
- Time Warner media (11.6 miles) HQ
This 96-unit property delivers scale in a renter-heavy Yonkers submarket where neighborhood occupancy trends sit above the national median and daily-needs amenities are abundant. The 1983 vintage is newer than much of the surrounding housing stock, offering a relative competitive edge versus older buildings while still warranting targeted capex to keep systems current and interiors marketable. Based on CRE market data from WDSuite, a high share of renter-occupied housing in the immediate neighborhood and population and household growth within a 3-mile radius support a deeper tenant base and potential for steady leasing. Elevated ownership costs in the area further sustain reliance on multifamily housing, though rent-to-income pressures argue for disciplined renewal and pricing strategies.
Key considerations include monitoring safety relative to metro peers and planning for age-related upgrades to preserve positioning against both renovated legacy assets and newer deliveries. With strong amenity access and proximity to major employment nodes, the asset s fundamentals align with long-term renter demand drivers while calling for active asset management.
- Renter-heavy neighborhood and steady occupancy support demand and renewals.
- 1983 vintage is newer than local stock, with value-add potential via targeted capex.
- Strong grocery and restaurant density enhances livability, aiding lease retention.
- Elevated ownership costs sustain multifamily reliance; manage rent-to-income pressure to balance pricing power and retention.
- Risk: Safety ranks weaker versus metro peers; budget for security and lighting and track trend improvements.