| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 48th | Fair |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 66 Crisfield St, Yonkers, NY, 10710, US |
| Region / Metro | Yonkers |
| Year of Construction | 2000 |
| Units | 73 |
| Transaction Date | 1998-12-11 |
| Transaction Price | $122,000 |
| Buyer | CHAMLEE RUTH |
| Seller | AVUNCULAR LENDERS LLC |
66 Crisfield St Yonkers Multifamily Investment
Inner-suburban fundamentals point to stable renter demand and pricing resilience, according to WDSuite s CRE market data. With strong neighborhood occupancy and elevated ownership costs in Westchester, the asset s income profile benefits from a deep tenant base.
The property sits in a B-rated Inner Suburb neighborhood of the New York Jersey City White Plains metro, ranked 349 out of 889 neighborhoods above the metro median for overall performance. Local amenity depth is a strength: restaurants and cafes trend in higher national percentiles, and grocery, park, and pharmacy access are solid, supporting day-to-day convenience for residents.
Multifamily metrics are favorable for income stability. Neighborhood occupancy is high and has trended upward over the past five years, and the share of renter-occupied housing units is substantial, indicating a deep tenant pool that supports leasing and retention. Based on CRE market data from WDSuite, median contract rents sit in the upper national percentiles while the rent-to-income ratio remains comparatively manageable, a combination that can underpin collections and renewal rates.
Schools rate below national norms on average, which may matter for family-oriented renters; investors can position amenities and unit finishes accordingly to compete on value and convenience. Elevated home values versus national benchmarks characterize the area as a high-cost ownership market, reinforcing reliance on rental housing and supporting occupancy durability.
Within a 3-mile radius, demographics show modest population growth and an increase in households, with forecasts calling for additional household gains and a slight reduction in average household size. This points to a gradually expanding renter pool and supports steady absorption for well-maintained product.
Safety indicators compare favorably at the national level. Violent offense rates benchmark around the top quartile nationally for safer outcomes, and property offense measures are also better than the national average. Recent one-year trends show a modest uptick in violent incidents and a more pronounced increase in property offenses; prudent security design and resident engagement can help maintain community standards over time.
At the metro scale (New York Jersey City White Plains, 889 neighborhoods), the area performs competitively relative to peer neighborhoods, though conditions can vary block-to-block. Investors should underwrite with recent trend data and property-level controls rather than relying solely on historical averages.
Proximity to major corporate employers supports renter demand from white-collar commuters and regional headquarters staff, including Mastercard, PepsiCo, XPO Logistics, IBM, and W.R. Berkley.
- Mastercard payments technology (7.1 miles) HQ
- Pepsico food & beverage (8.2 miles) HQ
- Xpo Logistics transportation & logistics (10.0 miles) HQ
- Ibm technology & services (10.7 miles) HQ
- W.R. Berkley insurance (11.2 miles) HQ
66 Crisfield St is a 73-unit asset built in 2000, newer than the neighborhood s average vintage. That positioning can reduce near-term capital needs while offering value-add potential through targeted modernization as systems age. According to CRE market data from WDSuite, the surrounding neighborhood posts high occupancy and strong renter-occupied housing share, with elevated home values that sustain reliance on rentals a backdrop that supports income durability.
Within a 3-mile radius, recent population growth and a projected increase in households point to a larger tenant base over time, while rent levels sit high for the region yet remain balanced by a comparatively modest rent-to-income ratio, supporting retention and collections. Key risks to underwrite include below-average school ratings and a recent rise in property offenses, which argue for thoughtful resident screening, security measures, and amenity programming.
- Newer 2000 vintage versus local average, with selective renovation upside
- High neighborhood occupancy and deep renter-occupied housing base support leasing stability
- Elevated local home values reinforce renter reliance on multifamily housing
- 3-mile projections indicate household growth, expanding the tenant pool
- Risks: weaker school ratings and recent property offense uptick warrant security and retention focus