| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 170 S Broadway, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1994 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
170 S Broadway Yonkers Multifamily Investment Outlook
Neighborhood occupancy trends are strong and supportive of leasing stability, according to WDSuite’s CRE market data, with renter demand reinforced by an Urban Core location in Yonkers.
The property sits in an Urban Core neighborhood in Yonkers rated B (ranked 396 among 889 metro neighborhoods), indicating competitive positioning within the New York–Jersey City–White Plains metro. Amenity access is a relative strength, with neighborhood measures for restaurants, groceries, parks, and pharmacies landing in the top quartile nationally, which supports renter appeal and day-to-day convenience.
On the housing side, neighborhood occupancy is in the top quartile nationally, a positive signal for revenue stability. The share of housing units that are renter-occupied is high (ranked 153 of 889 in the metro; 96th percentile nationally), pointing to a deep tenant base for multifamily and consistent leasing velocity.
Within a 3-mile radius, demographics show population and household growth over the last five years, with projections through mid-decade indicating further increases in households and incomes. This expansion implies a larger tenant base and supports occupancy stability and rent collections as more higher-earning households enter the market.
Home values in the neighborhood benchmark high versus national levels (86th percentile), and the value-to-income ratio trends elevated as well (88th percentile). In practice, a high-cost ownership market often sustains reliance on rentals, bolstering multifamily demand and lease retention potential. Median contract rents and a rent-to-income ratio around one-fifth suggest manageable affordability pressure overall, though operators should continue to monitor pricing power and renewal strategies.
Vintage matters: the neighborhood’s average construction year skews older (1936), while this asset was built in 1994. Newer stock versus local comparables can enhance competitive positioning, though investors should still plan for modernization of building systems and common areas to support rent growth and retention.
School ratings in the neighborhood benchmark below national averages, which may be a consideration for family-oriented leasing strategies. However, the abundance of parks and everyday amenities, combined with strong occupancy, helps underpin livability and renter demand dynamics.
Safety indicators for the neighborhood sit around the national middle overall (52nd percentile nationally), with property-related offenses benchmarking somewhat better than average (61st percentile nationally) and violent offenses below the national middle (41st percentile). Within the metro, the neighborhood’s crime rank is 126 out of 889, signaling that safety conditions can be more variable than in many peer neighborhoods across the region.
Recent momentum is noteworthy: estimated violent offense rates declined year over year (75th percentile nationally for improvement). For investors, this mix suggests prudent security and lighting measures remain relevant, while the improving trend may support resident retention and marketing narratives over time.
Nearby corporate employment supports commuter convenience and steady renter demand, led by technology, financial services, media, and diversified holding companies including Cognizant Technology Solutions, Prudential Financial, Disney ABC Television Group, Mastercard, and Loews.
- Cognizant Technology Solutions — corporate offices (6.9 miles) — HQ
- Prudential Financial — corporate offices (10.16 miles)
- Disney ABC Television Group — media (11.57 miles)
- Mastercard — corporate offices (11.70 miles) — HQ
- Loews — corporate offices (11.95 miles) — HQ
170 S Broadway combines strong neighborhood occupancy, a deep renter base, and proximity to diverse employment with a 1994 vintage that is newer than much of the surrounding housing stock. According to commercial real estate analysis from WDSuite, the neighborhood’s occupancy measures rank in the top quartile nationally, while elevated ownership costs in Westchester support sustained multifamily demand and lease retention.
Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base ahead, supporting occupancy stability and rent performance. The asset’s relative youth versus older local product offers room for targeted value-add—modernizing systems and finishes to sharpen competitive positioning—while keeping an eye on pricing relative to rent-to-income conditions.
- Top-quartile neighborhood occupancy supports leasing stability and collections
- Deep renter-occupied housing share indicates strong tenant demand
- 1994 construction offers competitive edge versus older neighborhood stock with value-add potential
- High-cost ownership market in Westchester reinforces multifamily reliance and retention
- Risks: below-average school ratings and safety variability call for targeted improvements and resident engagement