| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 40th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 45 Post St, Yonkers, NY, 10705, US |
| Region / Metro | Yonkers |
| Year of Construction | 1981 |
| Units | 59 |
| Transaction Date | 2015-04-13 |
| Transaction Price | $5,950,000 |
| Buyer | 45 51 POST STREET LLC |
| Seller | POST STREET OWNERS LLC |
45 Post St, Yonkers NY Multifamily Opportunity
Positioned in Yonkers’ Urban Core, the asset benefits from a deep renter base and amenity access that support steady leasing, according to CRE market data from WDSuite.
Livability leans urban and convenient. Restaurants, cafes, groceries, and parks are dense for the metro, with the neighborhood landing in high national percentiles for restaurant, cafe, grocery, and park access. Pharmacy and childcare options are thinner, which can influence resident convenience but typically has limited impact on leasing fundamentals compared with food and transit access.
Occupancy in the neighborhood is 94.6% and sits above the metro median among 889 neighborhoods, per WDSuite. That stability, alongside solid amenity access, supports leasing resilience for workforce-oriented product. Median contract rents are mid-market for Westchester County while the rent-to-income ratio is elevated, which suggests careful renewal and pricing management to balance retention with revenue.
The property's 1981 vintage is newer than the area’s older housing stock (average construction year 1940). For investors, that positioning can offer an advantage versus prewar buildings, while still leaving room for targeted modernization of systems and finishes to capture value-add upside.
Tenure patterns indicate a high share of housing units that are renter-occupied (roughly seven in ten), placing the area in the upper tier of renter concentration metro-wide. For multifamily investors, that points to a sizable tenant base and generally steady demand through cycles.
Within a 3-mile radius, WDSuite’s demographics show population growth over the last five years and a larger increase in households, expanding the addressable renter pool. Forward-looking indicators point to continued gains in households, which can support occupancy stability and absorption for well-positioned assets.
Home values are elevated for many local households relative to incomes, reinforcing reliance on rental housing. This typically supports tenant retention and sustained demand for appropriately priced units, while requiring attention to affordability pressure to manage turnover.
Safety signals are mixed but improving on some measures. Relative to the New York–Jersey City–White Plains metro, the neighborhood’s crime rank places it in a lower-ranked cohort among 889 neighborhoods, indicating comparatively higher incident levels in the regional context. Nationally, however, WDSuite data places the area around the middle to somewhat safer-than-average range, with property offense indicators in a stronger national percentile and a notable year-over-year decline in estimated property offenses.
For investors, the takeaway is pragmatic: monitor security and lighting as part of operating plans, emphasize building-level controls, and underwrite to the submarket rather than block-level assumptions. Recent downward movement in property offenses is constructive, but continued vigilance is warranted.
Employment access is diverse, with regional headquarters and major corporate offices within commuting range that can support renter demand and retention. Notable employers include Cognizant Technology Solutions, Prudential Financial, Disney ABC Television Group, Loews, and Time Warner.
- Cognizant Technology Solutions — IT services (6.5 miles) — HQ
- Prudential Financial — financial services (10.2 miles)
- Disney ABC Television Group — media (11.0 miles)
- Loews — diversified holdings (11.4 miles) — HQ
- Time Warner — media & entertainment (11.4 miles) — HQ
45 Post St offers scale at 59 units with a 1981 vintage that is newer than much of the surrounding housing stock, creating a practical value-add path through interior updates and building systems modernization. Neighborhood occupancy registers 94.6% and is above the metro median, indicating steady absorption potential. A high share of renter-occupied housing units signals depth in the tenant base, while dense food and park amenities strengthen day-to-day livability that supports leasing.
Within a 3-mile radius, recent population growth and a faster rise in households point to renter pool expansion, supporting occupancy stability. At the same time, an elevated rent-to-income ratio suggests some affordability pressure; disciplined revenue management and resident retention programs should be part of the operating plan. According to CRE market data from WDSuite, these dynamics align with properties that can maintain occupancy while capturing selective rent and value-add upside.
- Neighborhood occupancy above metro median supports leasing stability
- 1981 vintage is competitive versus older stock with targeted renovation upside
- High renter-occupied share indicates a deep, steady tenant base
- 3-mile household growth and amenity density reinforce demand durability
- Risk: Elevated rent-to-income ratio calls for careful renewal and pricing strategy