| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 217 S Waverly St, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 2006 |
| Units | 32 |
| Transaction Date | 2005-06-17 |
| Transaction Price | $3,602,622 |
| Buyer | WESTHAB COMMUNITY REVITALIZATION LLC |
| Seller | WESTHAB INC |
217 S Waverly St, Yonkers Multifamily Investment
Neighborhood occupancy trends are strong and support stable leasing, according to WDSuite’s CRE market data. A sizable renter-occupied housing base in the area underpins consistent demand for a 32-unit asset.
Located in Yonkers’ Urban Core, the property benefits from neighborhood fundamentals that are competitive within the New York–Jersey City–White Plains metro. The area’s occupancy ranks 203rd of 889 neighborhoods—top quartile in the metro—indicating solid absorption and limited downtime between turns.
Daily needs are well covered: grocery, restaurant, park, and pharmacy access all sit in the upper national percentiles, supporting resident convenience and lease retention. By contrast, average school ratings in the neighborhood are below national norms, which investors should factor into positioning for household segments less sensitive to school quality.
The asset’s 2006 construction is materially newer than the neighborhood average vintage (1930s era), offering relative competitiveness versus older housing stock in this part of Westchester. Investors should still plan for mid‑life systems maintenance and selective common‑area refresh to maintain positioning against newer deliveries.
Tenure patterns point to durable renter demand: the neighborhood’s share of renter‑occupied housing units is high (96th percentile nationally). Combined with above‑median neighborhood income levels and elevated home values locally, this mix supports depth of the tenant base and helps sustain occupancy.
Demographics aggregated within a 3‑mile radius show population growth over the past five years alongside a notable increase in households, with forecasts calling for further expansion by 2028. This trajectory implies a larger renter pool and supports continued demand for professionally managed apartments.
Safety indicators are mixed when viewed against metro and national benchmarks. Within the New York–Jersey City–White Plains metro, the neighborhood’s overall crime rank is 126 out of 889, placing it above the midpoint of peer areas. Nationally, violent incident levels benchmark around the lower half of neighborhoods (41st percentile), while property‑related incidents sit modestly above the national midpoint (61st percentile).
Recent trends are noteworthy: estimated violent offense rates declined meaningfully year over year (top quartile improvement nationally), suggesting some positive momentum. Investors should continue to monitor local trends and property‑level security practices as part of standard asset management.
Proximity to regional employers supports commuter convenience and a diverse renter base, including IT services, financial services, banking, and media roles highlighted below.
- Cognizant — IT services (6.96 miles)
- Cognizant Technology Solutions — IT services (6.97 miles) — HQ
- Prudential Financial — financial services (10.26 miles)
- Fernando DaCunha - Citizens Bank, Home Mortgages — banking (10.68 miles)
- Disney ABC Television Group — media & entertainment (11.59 miles)
217 S Waverly St is a 32‑unit 2006‑vintage asset positioned in an Urban Core neighborhood where occupancy ranks in the metro’s top quartile and the renter‑occupied share is high, supporting stable leasing and renewal potential. Elevated home values in the neighborhood reinforce reliance on rental housing, while amenity access (parks, pharmacies, groceries, and dining) sits in the upper national percentiles, aiding daily‑living convenience and retention.
Within a 3‑mile radius, population and households have grown and are projected to expand further by 2028, indicating a larger tenant base ahead. According to CRE market data from WDSuite, neighborhood rent levels and rent‑to‑income dynamics suggest manageable affordability pressure relative to local incomes, with value‑add potential centered on mid‑life systems, unit finishes, and common‑area upgrades to maintain competitiveness versus newer stock. Key watch items include below‑average school ratings and mixed—but improving—safety indicators that warrant ongoing monitoring and prudent leasing and security strategies.
- Metro top‑quartile neighborhood occupancy supports leasing stability
- High renter‑occupied housing share indicates depth of tenant demand
- 2006 vintage offers competitive positioning versus older local stock with targeted value‑add
- Amenity‑rich Urban Core location aids retention and day‑to‑day convenience
- Risks: lower school ratings and mixed safety trends call for careful asset and lease management