| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 40th | Poor |
| Amenities | 81st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 175 Stanley Ave, Yonkers, NY, 10705, US |
| Region / Metro | Yonkers |
| Year of Construction | 1995 |
| Units | 34 |
| Transaction Date | 2017-11-15 |
| Transaction Price | $1,300,000 |
| Buyer | 175 STANJLEY AVENUE LLC |
| Seller | CEPHAS HOUSING DEVELOPMENT FUND CO INC |
175 Stanley Ave Yonkers Multifamily Opportunity
Neighborhood occupancy remains firm and renter demand is deep in this Yonkers urban core, according to WDSuite’s CRE market data. The stability at the neighborhood level supports underwriting focused on steady operations rather than lease-up risk.
Set in Yonkers’ Urban Core, the property benefits from a renter-driven submarket and solid livability fundamentals. The neighborhood’s renter-occupied share is high at 79.3% (neighborhood-level), indicating a broad tenant base for multifamily leasing and supporting occupancy stability. Neighborhood occupancy is 96.1%, which has improved over the past five years, signaling resilient demand drivers for stabilized assets.
Everyday convenience is a relative strength: grocery, pharmacy, and restaurant density rank in the upper tail of national comparisons (each near the 98th–99th percentiles). Cafe density is limited, but nearby parks score well (around the 93rd percentile nationally), helping round out local livability. For investors conducting multifamily property research, these amenity concentrations can aid retention and reduce turnover friction.
Homeownership costs sit on the higher side locally (value-to-income ratio near the 94th national percentile), which tends to reinforce reliance on rentals and can support pricing power when managed carefully. At the same time, neighborhood rent-to-income is elevated (0.41), so lease management and renewal strategies should account for affordability pressure to maintain collections and retention.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding through 2028, pointing to a larger renter pool over time. This backdrop supports ongoing demand for professionally managed apartments and underpins long-run occupancy. The asset’s 1995 construction is newer than the neighborhood average vintage (1934), offering competitive positioning versus older stock while still warranting standard capital planning for systems and potential modernization.
Safety trends are mixed and should be evaluated alongside property-level controls. The neighborhood’s overall crime rank is 237 out of 889 metro neighborhoods, which sits below the metro median and indicates comparatively higher crime than many parts of the region. Nationally, recent estimates place violent offenses around the mid percentiles and property offenses somewhat better (about the low-60s percentile), suggesting outcomes that are closer to middle-of-the-pack nationwide than the metro rank alone implies.
For underwriting, investors often focus on lighting, access control, and onsite management to mitigate risk and support tenant retention. Monitoring trend movement rather than a single-year reading is prudent when assessing long-term operating performance.
Proximity to regional employers supports a steady commuter renter base, with access to technology services, financial services, and media headquarters that can bolster leasing and renewal depth.
- Cognizant Technology Solutions — IT services (6.6 miles) — HQ
- Prudential Financial — financial services (10.0 miles)
- Disney ABC Television Group — media (11.3 miles)
- Loews — conglomerate (11.6 miles) — HQ
- Time Warner — media (11.7 miles) — HQ
175 Stanley Ave is a 34-unit, 1995-vintage asset positioned in a renter-heavy Yonkers neighborhood where occupancy is strong and amenity access is robust. The combination of high renter-occupied share and above-average neighborhood occupancy supports durable demand and operational stability relative to older local stock. Based on CRE market data from WDSuite, ownership costs remain elevated in the area, which tends to sustain rental reliance; however, rent-to-income levels warrant careful renewal and pricing strategies to protect collections and retention.
Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base over the medium term. The 1995 vintage provides competitive positioning versus the neighborhood’s older inventory while leaving room for programmatic upgrades to enhance NOI and tenant experience.
- Stabilized neighborhood demand with high renter-occupied share supports occupancy and leasing depth
- 1995 construction competes well against older local stock with potential modernization upside
- Strong grocery, pharmacy, and restaurant access aids renter retention and daily convenience
- Elevated ownership costs reinforce reliance on rentals, supporting long-run demand
- Risk: higher-than-metro-average crime and rent-to-income require active management and resident services