| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 40th | Poor |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 Saint Andrews Pl, Yonkers, NY, 10705, US |
| Region / Metro | Yonkers |
| Year of Construction | 1984 |
| Units | 118 |
| Transaction Date | 2021-12-30 |
| Transaction Price | $25,215,000 |
| Buyer | 50 SAINT ANDREWS LLC |
| Seller | VALENTINE PROPERTIES ASSOCIATES LIMITED |
50 Saint Andrews Pl, Yonkers NY — 118-Unit Multifamily
Neighborhood renter concentration is high and occupancy has been stable, supporting depth of demand for this 118-unit asset, according to WDSuite s CRE market data.
Located in Yonkers urban core, the property benefits from everyday convenience and strong renter fundamentals at the neighborhood level. Cafes, restaurants, groceries, and parks score in the top quartile nationally by amenity density, helping with resident retention and leasing velocity. Neighborhood occupancy is above the national median and has trended upward in recent years, indicating steady absorption and fewer prolonged vacancies.
The area s housing stock is older on average (circa 1940), while this asset s 1984 vintage is newer than much of the local inventory. That relative age gap can be a competitive advantage for leasing, though investors should still plan for system upgrades and selective renovations to keep positioning strong versus newer deliveries.
Renter-occupied housing makes up a large share of neighborhood units (competitive even among New York Jersey City White Plains metro neighborhoods), which points to a broad tenant base and supports occupancy stability. Median contract rents in the neighborhood are above the national midpoint, and the rent-to-income profile suggests some affordability pressure; prudent lease management can help balance pricing power with retention.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forecasts indicating further increases in households by 2028. That trajectory implies a larger tenant pool over time, reinforcing demand for multifamily units in the area. Based on commercial real estate analysis from WDSuite, elevated home value-to-income ratios relative to national norms signal a higher-cost ownership market, which can sustain renter reliance on multifamily housing.
Neighborhood safety indicators are mixed but improving in key areas. The neighborhood s overall safety profile sits above national averages, and property offenses have declined meaningfully year over year, while violent offenses ticked up over the same period. These trends suggest risk management remains important, yet recent reductions in property-related incidents are a constructive sign. All comparisons are at the neighborhood level, not the property.
A diverse employment base nearby supports renter demand through commute convenience, led by technology, finance, media, and hospitality employers listed below.
- Cognizant Technology Solutions IT services (6.4 miles) HQ
- Prudential Financial financial services (10.3 miles)
- Disney ABC Television Group media & entertainment (10.8 miles)
- Loews hospitality (11.2 miles) HQ
- Time Warner media & entertainment (11.2 miles) HQ
50 Saint Andrews Pl provides scale at 118 units in a neighborhood with sustained renter demand, strong daily amenities, and occupancy that sits above national medians. The 1984 vintage is newer than much of the surrounding housing stock, offering a relative leasing edge with potential to capture value through targeted modernization and common-area upgrades. Within a 3-mile radius, recent gains in population and households and forecasts calling for further household growth point to a larger tenant base over time, supporting pricing durability and lease-up consistency. According to CRE market data from WDSuite, elevated ownership costs versus income at the neighborhood level reinforce reliance on rental housing, a supportive backdrop for multifamily investors.
- High neighborhood renter-occupied share supports a deep tenant base and occupancy stability.
- Amenity-rich location (top-quartile restaurants, groceries, parks) aids retention and leasing.
- 1984 vintage is newer than local norms, with value-add potential via selective renovations.
- 3-mile population and household growth trends expand the renter pool over the medium term.
- Risk: rent-to-income suggests affordability pressure; pricing and renewal strategies should prioritize retention.