| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 S Broadway, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1993 |
| Units | 26 |
| Transaction Date | 1995-08-01 |
| Transaction Price | $225,000 |
| Buyer | GIBBS SHERMAN |
| Seller | STRIK MARIE |
150 S Broadway Yonkers Multifamily Investment
Positioned in an Urban Core pocket with sustained renter demand and high neighborhood occupancy, this 26-unit asset offers durable income fundamentals, according to WDSuite’s CRE market data. A newer 1993 vintage relative to local stock supports competitive positioning with potential to further modernize for leasing strength.
The property sits in Yonkers’ Urban Core near everyday amenities and employment corridors. Neighborhood rankings land above the metro median among 889 New York–Jersey City–White Plains neighborhoods, with strong access to groceries, pharmacies, parks, and dining that supports renter convenience and retention.
Neighborhood occupancy is competitive among metro peers and sits in a high national percentile, signaling stable demand for multifamily. The area’s renter-occupied share is elevated, indicating a deep tenant base and consistent leasing pipelines for a 26-unit community.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising through 2028, expanding the renter pool and supporting occupancy stability. Median household incomes have trended upward, while forecast rent levels are also expected to rise, which suggests careful lease management to balance pricing power with affordability.
Home values in the neighborhood are elevated relative to incomes, reinforcing renter reliance on multifamily housing rather than ownership. Average school ratings in the neighborhood are lower, which investors should factor into marketing strategy and tenant mix expectations, but the amenity concentration and commute access remain attractive for working households.
The asset’s 1993 vintage is materially newer than the neighborhood’s older housing stock, providing an advantage versus pre-war buildings. Select system upgrades and interior refreshes can further differentiate the property against aging comparables while keeping capital plans targeted.
Safety indicators are mixed when comparing the neighborhood to the broader region. The neighborhood’s crime rank sits closer to the higher-incident end among 889 metro neighborhoods, suggesting investors should account for prudent security measures and lighting. At the national level, overall safety lands around the middle of peer neighborhoods, and recent trends show a notable decline in violent offense rates, indicating improvement momentum.
Property offense measures are closer to mid-range nationally, while violent offense direction has improved over the past year. For underwriting and operations, consider practical steps such as access control and visibility enhancements, and frame leasing communications around commute convenience and amenity access rather than block-level claims.
- Cognizant Technology Solutions — IT services (6.9 miles) — HQ
- Prudential Financial — financial services (10.1 miles)
- Disney ABC Television Group — media & entertainment (11.6 miles)
- Mastercard — payments technology (11.7 miles) — HQ
- Time Warner — media & communications (12.0 miles) — HQ
This Yonkers asset combines a renter-heavy neighborhood, strong amenity access, and competitive occupancy to support consistent cash flow. Based on CRE market data from WDSuite, the area’s high occupancy and elevated renter concentration point to a sizable tenant base, while elevated ownership costs reinforce reliance on rental housing. The 1993 build is newer than most nearby stock, offering a favorable starting point with targeted value-add potential.
Within a 3-mile radius, population and household growth—along with rising incomes—suggest continued renter pool expansion through 2028. Paired with improving safety trend lines and proximity to major employers, the location supports durable leasing, provided operators calibrate rents to local affordability and plan for selective system upgrades consistent with a 1990s vintage.
- High neighborhood occupancy and renter concentration support demand stability
- 1993 vintage is newer than local stock, enabling targeted value-add upgrades
- 3-mile radius shows growing households and incomes, expanding the tenant base
- Elevated ownership costs sustain reliance on rentals, aiding retention
- Risks: mixed regional safety ranking and lower school ratings require thoughtful operations and marketing