| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Whelan Pl, Yonkers, NY, 10703, US |
| Region / Metro | Yonkers |
| Year of Construction | 2011 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Whelan Pl Yonkers Multifamily — 2011 Vintage
Neighborhood occupancy is above the metro median and renter-occupied housing is substantial, supporting stable leasing conditions, according to WDSuite’s CRE market data. Elevated ownership costs in the area further sustain reliance on rentals, reinforcing demand resilience.
Built in 2011, the property is newer than the neighborhood s older housing stock (average vintage 1939). For investors, this generally means stronger competitive positioning versus legacy assets and the potential for moderated near-term capital needs, while still planning for mid-life system upgrades over the hold.
Local livability indicators point to everyday convenience: neighborhood counts for grocery stores, pharmacies, parks, and restaurants rank in the higher national percentiles, while cafes are comparatively sparse. Childcare availability also tests strong relative to national norms. Average school ratings are lower, which may temper appeal to some family renters, but workforce renters typically prioritize commute and value within this part of Westchester.
From a multifamily demand lens, neighborhood occupancy is above the metro median among 889 New York-Jersey City-White Plains neighborhoods, and the share of housing units that are renter-occupied is high by national standards. This points to a deep tenant base and supports leasing continuity. Median contract rents benchmark higher nationally, yet rent-to-income readings for the neighborhood indicate comparatively manageable affordability pressure useful for retention and delinquency risk management.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forecasts indicating further gains and a sizable renter pool. Rising household incomes in the 3-mile area alongside projected rent growth suggest room for steady absorption, supporting occupancy stability over a multi-year horizon based on commercial real estate analysis from WDSuite.
Safety conditions are best understood in relative terms. Neighborhood crime indicators sit around the national middle, with recent year-over-year declines in both property and violent offense estimates, signaling an improving trend. Conditions vary by micro-location and time of day, so investors typically underwrite with area-level comps and management practices rather than block-specific assumptions.
Within the New York-Jersey City-White Plains metro, comparisons should be made against peer urban-core neighborhoods; current readings and downward trends suggest risk that appears manageable for professionally operated multifamily, with on-site controls and tenant screening used to preserve leasing stability.
The area benefits from proximity to major employment nodes that support workforce housing demand and retention, including Cognizant Technology Solutions, Prudential Financial, Mastercard, PepsiCo, and Disney ABC Television Group.
- 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 beverages & snacks (12.1 miles) HQ
- Disney ABC Television Group media offices (12.5 miles)
2011 construction positions 5 Whelan Pl competitively against older neighborhood stock, with occupancy in the surrounding neighborhood above the metro median and strong renter-occupied concentration supporting depth of demand. Elevated home values relative to incomes in the neighborhood context reinforce reliance on rentals, which can aid lease retention and reduce turnover friction. According to CRE market data from WDSuite, everyday amenities score well and 3-mile demographics point to ongoing population and household growth, underpinning a larger tenant base over time.
Key underwriting considerations include lower average school ratings and a thinner cafe scene, alongside the need to budget for mid-life building systems over the hold period. Recent improvement in area-level offense estimates is constructive, yet owners typically pair that trend with standard multifamily controls to protect leasing stability.
- Newer 2011 vintage relative to neighborhood (1939 average) supports competitive positioning and moderated near-term capex
- Neighborhood occupancy above the metro median with high renter-occupied share supports leasing continuity
- Elevated ownership costs in the area sustain renter reliance, aiding retention and pricing power management
- 3-mile population and household growth expands the tenant base and supports occupancy over time
- Risks: lower school ratings, limited cafe density, and standard mid-life system upgrades to plan for