| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 160 Willow St, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1980 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
160 Willow St Yonkers Multifamily Investment Opportunity
Neighborhood fundamentals point to steady renter demand, with occupancy around 97% and a renter-occupied share near 65% at the neighborhood level, according to WDSuite’s CRE market data.
Situated in Yonkers’ Urban Core, the neighborhood scores a B and sits above the metro median (rank 396 out of 889) for overall performance. Amenity access is a clear strength: groceries, pharmacies, parks, restaurants, and cafes all land in the upper national quartiles (roughly 85th–93rd percentiles), which supports daily convenience and lease retention for workforce and commuter renters.
Multifamily metrics are favorable relative to national comparisons. Neighborhood occupancy trends in the mid-to-high 90s (84th national percentile), suggesting limited frictional vacancy and consistent leasing. Renter concentration is high for the metro (about two-thirds of units renter-occupied), pointing to a deep tenant base and resilient demand through cycles.
Within a 3-mile radius, demographics show population growth over the past five years with a notable increase in households and families, and projections indicate additional household gains by 2028. This expansion implies a larger tenant base over time and supports occupancy stability. Median household incomes have risen while contract rents have also advanced, reinforcing the need for attentive lease management as pricing power and retention considerations evolve based on commercial real estate analysis from WDSuite.
Ownership costs are elevated relative to incomes (high national percentile for home values and value-to-income), which typically sustains reliance on rental options and can bolster renewal rates. Average school ratings are comparatively low locally, which may influence family-oriented demand mix, but strong amenity access and commuter convenience often offset for many renter cohorts.
Safety indicators are mixed in a way that calls for property- and block-level diligence. Compared with neighborhoods nationwide, overall crime sits near the middle (around the 52nd percentile for safety), with property crime comparatively more favorable (about the 61st percentile for safety). Violent crime benchmarks below the national middle (around the 41st percentile), though recent trends show improvement, with a year-over-year decline in violent incidents tracking in a stronger national bracket.
For investors, the takeaway is to factor neighborhood-range variability into underwriting and operations. Monitor trend lines and local enforcement or community initiatives that may continue to influence incident rates over the hold period.
Proximity to regional employers supports commuter appeal and helps deepen the renter pool. Notable nearby offices include Cognizant Technology Solutions, Prudential Financial, Citizens Bank (Home Mortgages), Mastercard, and Disney ABC Television Group.
- Cognizant Technology Solutions — IT services (7.16 miles) — HQ
- Prudential Financial — financial services (10.35 miles)
- Citizens Bank, Home Mortgages — financial services (10.48 miles)
- Mastercard — payments & technology (11.44 miles) — HQ
- Disney ABC Television Group — media (11.77 miles)
Built in 1980, the property is newer than much of the surrounding housing stock and can compete effectively with older inventory while still benefiting from targeted modernization to enhance rents and reduce maintenance risk. Strong neighborhood occupancy and a high share of renter-occupied units point to a durable tenant base, while elevated ownership costs in Westchester support ongoing reliance on multifamily rentals.
Within a 3-mile radius, recent population and household growth—and projections for further household expansion—signal a larger renter pool over the medium term, which supports lease-up and renewal performance. Amenity density is a relative advantage for retention, though investors should underwrite around mixed school ratings and monitor safety trends. According to CRE market data from WDSuite, the neighborhood’s occupancy outperforms national norms, reinforcing expectations for stable operations.
- 1980 vintage offers competitive positioning versus older local stock with potential value-add through selective upgrades
- High neighborhood occupancy and strong renter concentration support steady leasing and cash flow visibility
- Amenity-rich Urban Core location aids retention and broadens renter appeal
- Elevated home values in Westchester reinforce rental demand and pricing power over time
- Risks: lower average school ratings and mixed safety benchmarks warrant conservative underwriting and active management