| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 36th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 34 Highland Ave, Yonkers, NY, 10705, US |
| Region / Metro | Yonkers |
| Year of Construction | 2009 |
| Units | 89 |
| Transaction Date | 2007-06-21 |
| Transaction Price | $500,000 |
| Buyer | HIGHLAND SENIOR RESIDENCE LLC |
| Seller | 27 LUDLOW REALTY LLC |
34 Highland Ave Yonkers NY Multifamily Investment
Neighborhood occupancy is strong at 97% and renter concentration is high, pointing to stable demand and a deep tenant base, according to WDSuite’s CRE market data. This Urban Core location in Yonkers offers durable leasing fundamentals with room for disciplined value optimization.
Located in Yonkers’ Urban Core, the property benefits from neighborhood fundamentals that are above metro median among 889 New York–Jersey City–White Plains neighborhoods. Amenity access sits in the top quartile locally and performs well nationally, with grocery, restaurants, parks, and pharmacies scoring in the upper percentiles — a mix that supports renter retention and day‑to‑day livability.
The neighborhood’s renter-occupied share is elevated (64.6% of housing units), signaling a sizable tenant pool and consistent multifamily demand. WDSuite’s CRE market data shows neighborhood occupancy at 97%, which supports pricing power and downtime mitigation, though lease management discipline remains important as rents have trended upward over the last five years.
Construction year for the asset is 2009, materially newer than the neighborhood’s older housing stock (average year 1936). Newer vintage can be competitively positioned against pre‑war inventory, while investors should still underwrite mid‑life systems updates and targeted common‑area refreshes to sustain positioning.
Within a 3‑mile radius, demographics point to a larger tenant base: population and household counts have grown and are projected to expand further, implying continued renter pool expansion and support for occupancy. Median home values are elevated for the area and value‑to‑income ratios are high relative to national norms, which tends to reinforce reliance on multifamily rentals; at the same time, a rent‑to‑income ratio around 21% suggests manageable affordability pressure that can aid lease retention with prudent renewal strategies.
Safety indicators are mixed but broadly competitive in a regional context. The neighborhood’s safety rank is 126 out of 889 metro neighborhoods, reading as above metro average, while its national positioning is roughly middle of the pack (around the 52nd percentile). Recent trends point to improvement in violent offense estimates year over year, with property offense levels closer to national averages. As with any Urban Core location, monitoring sub‑market trends and property‑level security practices remains prudent for risk management.
Proximity to regional corporate hubs supports a steady commuter renter base and can bolster leasing stability. Notable employers within a practical commute include technology consulting, financial services, media, and diversified headquarters listed below.
- Cognizant Technology Solutions — technology consulting (6.7 miles) — HQ
- Prudential Financial — financial services (10.2 miles)
- Disney ABC Television Group — media (11.3 miles)
- Loews — diversified holdings (11.7 miles) — HQ
- Time Warner — media & entertainment (11.7 miles) — HQ
34 Highland Ave aligns with investor priorities for durable occupancy and demand depth. Based on CRE market data from WDSuite, the surrounding neighborhood posts a 97% occupancy rate with a high renter-occupied share, indicating a strong tenant base and stable leasing. The asset’s 2009 vintage stands competitively against predominantly older local stock, offering a platform for selective upgrades to capture incremental rent while maintaining operational resilience.
Local livability advantages — top-quartile amenity access, commuter connectivity to major employers, and elevated ownership costs in the area — tend to sustain multifamily demand and support retention. Near‑term risks include mixed school ratings and typical Urban Core safety considerations, which call for attentive operations, curated resident experience, and targeted CapEx to preserve positioning.
- High neighborhood occupancy and deep renter pool support income stability
- 2009 vintage offers competitive edge versus older stock with targeted value‑add potential
- Strong amenity access and proximity to major employers aid retention and leasing
- Elevated ownership costs in the area reinforce multifamily demand
- Risks: mixed school ratings and Urban Core safety require proactive management