| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 158 Yonkers Ave, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1986 |
| Units | 39 |
| Transaction Date | 2009-11-19 |
| Transaction Price | $500,000 |
| Buyer | 158 YONKERS AVENUE INC |
| Seller | DONAHER ANN MARIE |
158 Yonkers Ave Yonkers Urban-Core Multifamily Investment
Neighborhood occupancy remains tight and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a well-located asset in Yonkers.
The property sits in an Urban Core pocket of Yonkers with a neighborhood rating of B and a renter-occupied housing share around two-thirds. That renter concentration signals a sizable tenant base and supports leasing velocity and renewal depth for multifamily operators. Neighborhood occupancy is high (97% for the neighborhood, not the property), placing it in the top quartile nationally and above the metro median, per WDSuite.
Livability factors trend favorable for everyday needs: parks, pharmacies, groceries, and restaurants rank in upper national percentiles, indicating convenience that helps retention and reduces leasing friction. Median home values in the area are elevated versus national norms, which typically sustains reliance on apartments and supports pricing power when managed carefully.
Construction year dynamics matter for competitive positioning. Built in 1986, the asset is newer than the neighborhood’s average vintage (1936), which can reduce near-term capital intensity relative to much older stock while still leaving room for targeted modernization to strengthen positioning against comparable properties.
Within a 3-mile radius, demographics indicate population growth with a projected increase in households over the next five years, suggesting a larger tenant base and supporting occupancy stability. Median contract rents in the neighborhood sit below ownership costs on a value-to-income basis, and a rent-to-income ratio near one-fifth points to manageable affordability pressure that can aid renewal rates when paired with disciplined rent setting.
On a metro comparison, the neighborhood ranks above the metro median on amenities and occupancy among 889 metro neighborhoods, and is competitive among New York–Jersey City–White Plains subareas on day-to-day convenience. School ratings trend weaker locally, which may modestly narrow family-oriented demand but is less influential for workforce and commuter segments common in urban multifamily.
Safety trends are mixed and should be assessed comparatively rather than at the block level. Within the New York–Jersey City–White Plains metro, the neighborhood’s crime rank sits closer to the higher-crime end (rank 126 among 889 metro neighborhoods), while nationally it performs around the middle of the pack. Property offenses benchmark slightly better than national averages, and violent incidents have shown meaningful year-over-year improvement, placing recent trend improvement in a stronger national percentile.
For investors, this suggests prudent security planning and resident-experience measures are appropriate, while recent improvement in violent offense trends may help support leasing stability. Always pair underwriting with current, property-specific diligence and operator practices.
- Cognizant — technology services (7.7 miles)
- Cognizant Technology Solutions — technology services (7.7 miles) — HQ
- Prudential Financial — financial services (10.7 miles)
- Mastercard — payments technology (10.9 miles) — HQ
- Pepsico — food & beverage (12.1 miles) — HQ
158 Yonkers Ave offers exposure to a renter-heavy Urban Core submarket with high neighborhood occupancy and daily-needs convenience that supports retention. Built in 1986, the asset is newer than much of the area’s housing stock, providing relative competitive advantages today and clear value-add pathways through targeted updates. According to CRE market data from WDSuite, the neighborhood’s occupancy and amenity density sit above metro medians, while elevated ownership costs locally tend to reinforce sustained apartment demand.
Demographic signals aggregated within a 3-mile radius point to ongoing population growth and a projected increase in households, expanding the tenant pool and helping underpin leasing stability. A rent-to-income profile near one-fifth suggests manageable affordability pressure, allowing for measured rent strategies that balance revenue with renewal performance.
- Renter-occupied housing share supports a deep tenant base and steady leasing
- High neighborhood occupancy and strong daily-needs amenities aid retention
- 1986 vintage offers relative competitiveness with targeted modernization upside
- 3-mile radius growth outlook points to a larger renter pool and demand durability
- Risks: mixed safety metrics and weak local school ratings may narrow some demand segments