| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 193 Ashburton Ave, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 2009 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
193 Ashburton Ave Yonkers Multifamily Investment
Stabilizing renter demand and a working-class location support leasing durability, according to WDSuite’s CRE market data.
Located in Yonkers’ Urban Core within the New York–Jersey City–White Plains metro, the neighborhood rates B- and is competitive among metro neighborhoods (ranked 250 of 889 for amenities). Everyday convenience is a strength: grocery, pharmacy, and park access sit in the top national percentiles, while restaurant density also outperforms most areas. Cafe density is limited, but the overall mix supports reliable daily-needs traffic that underpins renter retention.
For multifamily, neighborhood occupancy trends are above the metro median and have ticked up in recent periods, supporting the view that leasing conditions are steady. Median contract rents in the area skew in the upper tier for comparable neighborhoods, while the rent-to-income profile suggests manageable affordability pressure—an investor positive for renewal rates and pricing discipline.
Renter concentration varies by lens: at the neighborhood scale, an estimated 46.6% of housing units are renter-occupied, indicating a substantial tenant base; within a 3-mile radius, renters represent an even larger share, reinforcing depth for multifamily demand. School ratings average below national norms, which may temper family-driven demand but does not preclude workforce-oriented leasing.
Demographics aggregated within a 3-mile radius indicate population growth over the past five years, rising household counts, and higher median incomes, with forecasts calling for continued increases in households and incomes—signals that typically expand the renter pool and support occupancy stability. In the context of commercial real estate analysis, elevated home values and a high value-to-income ratio in the neighborhood point to a high-cost ownership market, which tends to sustain reliance on rental housing and can aid lease retention.
Safety indicators are mixed in relative terms. Within the metro, the neighborhood’s crime rank (95 out of 889) signals higher crime exposure than many peers; nationally, the area sits around the mid-range. Importantly for investors, both violent and property offense rates show year-over-year improvement, with double-digit declines that suggest recent momentum in the right direction. Framing risk at the submarket level and active on-site management are typical mitigants used by operators in similar urban-core settings.
Regional employment anchors within commuting range help support renter demand and renewal stability, led by technology, financial services, consumer goods, and diversified holdings. Nearby employers include Cognizant Technology Solutions, Prudential Financial, Mastercard, PepsiCo, and Loews.
- Cognizant Technology Solutions — IT services (7.7 miles) — HQ
- Prudential Financial — financial services (10.3 miles)
- Mastercard — payments technology (10.9 miles) — HQ
- PepsiCo — consumer goods (12.1 miles) — HQ
- Loews — diversified holdings (12.8 miles) — HQ
Built in 2009 with 60 units, 193 Ashburton Ave offers newer-vintage positioning versus much of the local housing stock, enhancing competitiveness against older properties while leaving room for targeted modernization as systems age. Leasing fundamentals are supported by above-metro-median neighborhood occupancy and a sizable renter-occupied base locally, with an even deeper renter share at the 3-mile view. Elevated ownership costs in the neighborhood context further reinforce reliance on multifamily housing and can aid retention.
Demand signals trend constructive: within a 3-mile radius, population and household counts have grown and are forecast to continue rising, alongside meaningful income gains—factors that typically increase the renter pool and support occupancy stability. According to CRE market data from WDSuite, amenity access is a relative strength (daily-needs retail, parks, and pharmacies), which helps drive livability and supports leasing. Key watch items include below-average school ratings and urban-core safety exposure, both manageable with prudent operations and underwriting.
- 2009 construction provides competitive positioning versus older neighborhood stock with selective value-add potential
- Above-metro-median occupancy and a substantial renter-occupied base support leasing durability
- Strong daily-needs amenities and major nearby employers underpin retention and demand
- High-cost ownership market favors multifamily reliance and pricing discipline
- Risks: below-average school ratings and urban-core safety exposure require active management