| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 35 Saint Casimir Ave, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1994 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
35 Saint Casimir Ave Yonkers Multifamily Investment
Neighborhood occupancy trends are stable and supportive of leasing, according to WDSuite’s CRE market data, with renter demand reinforced by a high share of renter-occupied housing. Newer vintage for the area further positions this asset to compete against older local stock.
The property sits in Yonkers’ urban core, where the surrounding neighborhood shows resilient renter demand and steady operations. Neighborhood occupancy is in the mid-90s and has strengthened over the last five years, supporting income stability for well-managed assets. Renter-occupied share is high, indicating a deep tenant base and consistent leasing velocity rather than reliance on a small pool of prospects.
Amenities are a notable strength. Parks access ranks in the top quartile nationally, and grocery, restaurant, cafe, and childcare densities are all strong compared with neighborhoods nationwide. This concentration of daily-needs and lifestyle options typically improves resident retention and reduces friction in lease-ups.
Relative operating performance is competitive as well: neighborhood-level NOI per unit trends in the top quartile nationally, suggesting comparable assets in this area have supported healthy margins. Median contract rents track above many U.S. neighborhoods while the local rent-to-income ratio remains on the lower side, which helps moderate affordability pressure and can aid renewals and length of stay.
Within a 3-mile radius, population and household counts have expanded in recent years, with additional growth forecast, pointing to a larger tenant base over time. Household sizes have edged down historically, and projections indicate more households ahead, both of which generally support demand for rental units and occupancy stability based on commercial real estate analysis from WDSuite.
Safety indicators present a mixed but manageable profile in context. Compared with neighborhoods nationwide, the area sits near the national middle overall. Property-related offense rates trend somewhat better than the national average, while violent offense levels align closer to mid-range conditions.
Recent directionality is constructive: violent offenses have moved lower year-over-year, while property offenses ticked up slightly. For investors, this suggests monitoring local trends and applying standard security and lighting upgrades as part of capital planning rather than assuming outsized risk relative to broader urban submarkets in the New York–Jersey City–White Plains metro (889 neighborhoods).
Proximity to established corporate employers supports a broad commuter renter base and can reinforce retention for workforce-oriented units. Notable nearby employers include Cognizant Technology Solutions, Prudential Financial, Mastercard, Disney ABC Television Group, and PepsiCo.
- Cognizant Technology Solutions — IT services (7.3 miles) — HQ
- Prudential Financial — financial services (10.1 miles)
- Mastercard — payments technology (11.3 miles) — HQ
- Disney ABC Television Group — media offices (12.1 miles)
- PepsiCo — consumer goods (12.5 miles) — HQ
Built in 1994, this 34-unit asset is materially newer than much of the surrounding housing stock, which is predominantly pre‑war. That vintage advantage can reduce near-term capital intensity while offering a clear value‑add path through targeted unit and common‑area upgrades to further differentiate from older comparables. Neighborhood fundamentals are supportive: occupancy is stable in the mid‑90s, renter concentration is high, and amenity access is strong, all of which backfill leasing and support income durability.
Within a 3‑mile radius, population and households have grown with additional gains forecast, pointing to a larger tenant base and continued renter pool expansion. Median rents in the area sit above many U.S. neighborhoods, yet rent-to-income levels remain relatively moderate, which can aid retention and limit turnover risk; according to CRE market data from WDSuite, neighborhood NOI per unit performance is also competitive versus national peers.
- 1994 vintage offers competitive positioning versus older local stock with identifiable value‑add levers
- Stable neighborhood occupancy and high renter-occupied share support consistent leasing and cash flow
- Strong amenity access (parks, groceries, restaurants, cafes, childcare) reinforces retention
- 3‑mile growth in population and households points to a deeper future tenant base
- Risk: limited pharmacy presence in the immediate neighborhood and mixed safety signals warrant standard on-site security and resident‑service planning