| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 159 Oak St, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1975 |
| Units | 25 |
| Transaction Date | 1994-08-22 |
| Transaction Price | $70,000 |
| Buyer | HERNANDEZ JUAN |
| Seller | DERUGGIERO SAVERIO |
159 Oak St Yonkers 25-Unit Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite s CRE market data, positioning this asset for stable leasing in an Urban Core pocket of Yonkers. Elevated ownership costs in Westchester help sustain reliance on rentals, supporting consistent tenant retention dynamics.
Set in Yonkers Urban Core, the property benefits from a renter-driven neighborhood and tight occupancy conditions. The neighborhood s occupancy rate ranks 203 out of 889 metro neighborhoods and sits in the top quartile nationally, signaling resilient absorption and limited vacancy risk for comparable assets. A high share of housing units are renter-occupied (ranked 153 of 889; high national percentile), which expands the tenant base and supports steady leasing.
Amenity access is a local strength: grocery, restaurants, parks, and pharmacies score in the upper national percentiles, reinforcing daily convenience that helps with leasing and retention. While the average school rating in the neighborhood is lower relative to national peers, investors often see consistent demand from workforce and young-adult renter cohorts where commute convenience and services density carry more weight than school performance.
Within a 3-mile radius, demographics indicate population growth and a rising household count over the past five years, with projections for further expansion by 2028. This points to a larger tenant base and supports occupancy stability for well-managed multifamily assets.
Built in 1975, the property is newer than the neighborhood s older average housing stock (1930s-era on average). That relative vintage can be competitively positioned versus nearby prewar inventory, though investors should plan for ongoing system modernization and common-area refreshes to maximize rentability and reduce near- to mid-term capex surprises.
Home values in the neighborhood rank high nationally and the value-to-income ratio is elevated, which generally sustains rental demand by making ownership comparatively costly. At the same time, neighborhood rent levels and a rent-to-income profile that suggests manageable affordability pressure call for disciplined lease management to preserve retention while supporting pricing power.
Safety indicators are mixed and should be evaluated in metro and national context. By metro rank, crime is closer to the higher-incident side (ranked 126 out of 889 neighborhoods), while nationally the neighborhood trends around the middle of the pack overall. Property-offense metrics benchmark in a comparatively safer national percentile, and violent-offense rates sit below mid-pack but have improved meaningfully year over year, with recent declines placing the trend in a higher national improvement percentile. For underwriting, assume variability typical of dense Urban Core areas and focus on property-level controls, lighting, and access management.
Nearby employment nodes include IT services, financial services, payments technology, media, and hospitality, supporting a broad commuter renter pool and aiding lease retention for workforce housing.
- Cognizant Technology Solutions — IT services (7.17 miles) — HQ
- Prudential Financial — financial services (10.37 miles)
- Mastercard — payments technology (11.44 miles) — HQ
- Disney ABC Television Group — media (11.77 miles)
- Loews — hospitality (12.13 miles) — HQ
159 Oak St offers exposure to a renter-heavy Urban Core location with tight neighborhood occupancy and strong amenity access. Based on CRE market data from WDSuite, occupancy trends rank among the stronger cohorts in the metro and in the top quartile nationally, while elevated home values across Westchester help sustain reliance on rentals and support pricing power. Within a 3-mile radius, recent population growth and a notable increase in households point to a larger tenant base and support for steady leasing.
The 1975 vintage is newer than much of the surrounding housing stock, offering relative competitiveness against older buildings while still warranting capital planning for systems and common-area updates. Lower average school ratings and Urban Core safety variability are considerations, but the depth of the renter pool and proximity to diverse employment centers provide durable demand drivers over a long hold.
- Tight neighborhood occupancy and deep renter-occupied base support leasing stability
- Elevated ownership costs in Westchester reinforce sustained rental demand and pricing power
- 1975 vintage competitive versus older local stock; plan for modernization to unlock upside
- Broad nearby employer base across IT, finance, payments, media, and hospitality underpins workforce demand
- Risks: lower average school ratings and Urban Core safety variability; emphasize operations, lighting, and access controls