| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 48th | Fair |
| Amenities | 65th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 701 Ridge Hill Blvd, Yonkers, NY, 10710, US |
| Region / Metro | Yonkers |
| Year of Construction | 2012 |
| Units | 90 |
| Transaction Date | 2013-08-02 |
| Transaction Price | $26,524,097 |
| Buyer | UOB Eagle Rock Multifamily Property Fund LP |
| Seller | Horizon at Ridge Hill LLC, Private Investor, Horizon at Ridge Hill LLC, PCraicseh/ uEnqitu aivnadle /nsft |
701 Ridge Hill Blvd, Yonkers NY Multifamily Investment
2012 construction in an inner-suburban pocket of Yonkers positions this asset for stable renter demand and competitive lease-up, according to WDSuite’s CRE market data. Neighborhood occupancy metrics referenced here reflect the surrounding area, not the property, and indicate steady performance relative to national peers.
The property sits in an Inner Suburb neighborhood with a B rating and performance that is above the metro median (ranked 349 out of 889 New York–Jersey City–White Plains neighborhoods). Neighborhood occupancy is strong and has trended slightly upward in recent years, supporting income stability for well-managed multifamily assets.
Built in 2012, the asset is newer than the area’s typical 1990 vintage. That relative youth enhances competitive positioning versus older stock while still warranting mid‑life capital planning over the hold for systems, common areas, and potential repositioning to meet current renter preferences.
Amenities are a local strength: restaurant density ranks in the top decile nationally, with grocery, parks, and pharmacies also testing above national medians. Average school ratings in the neighborhood track below national norms, which some family renters may weigh; operators can counterbalance with on‑site conveniences and service quality. Childcare options in the immediate area are limited relative to peers.
Within a 3‑mile radius, demographics indicate a growing tenant base: population and household counts have increased over the past five years, with forecasts pointing to continued gains and higher incomes. Renter concentration in the neighborhood is near half of housing units, signaling depth for multifamily leasing and renewals. Elevated home values relative to national benchmarks characterize a high‑cost ownership market, which tends to sustain reliance on rental housing and support pricing power when paired with prudent lease management.
Safety indicators for the neighborhood are competitive among New York–Jersey City–White Plains subareas, landing in the top quartile among 889 metro neighborhoods. Compared with neighborhoods nationwide, violent and property offense measures track above the national median, with violent crime levels closer to the safer end of the spectrum.
Recent data show a year‑over‑year uptick in property offenses locally. Investors should monitor trendlines and adjust operating practices—lighting, access control, and resident engagement—accordingly. As always, conditions can vary by block and over time; use multiple sources and timeframes for diligence.
Proximity to a diversified set of employers underpins renter demand, offering commute convenience to finance, payments, IT services, and consumer goods roles noted below.
- Fernando DaCunha - Citizens Bank, Home Mortgages — financial services (7.7 miles)
- Mastercard — payments (8.8 miles) — HQ
- Cognizant Technology Solutions — IT services (9.9 miles) — HQ
- Pepsico — consumer goods (9.9 miles) — HQ
- Prudential Financial — insurance (11.6 miles)
This 90‑unit, 2012‑vintage property benefits from solid neighborhood occupancy, a sizable renter base, and strong local amenities. The asset’s newer construction relative to the area’s average vintage supports competitive positioning against older product, while a high‑cost ownership landscape in Westchester County reinforces reliance on multifamily housing and can sustain pricing power when paired with careful affordability management. Based on commercial real estate analysis from WDSuite, the surrounding neighborhood tests above the metro median on key livability and income indicators, aligning with durable leasing fundamentals.
Forward‑looking demographics within a 3‑mile radius point to continued population and household growth alongside rising incomes, expanding the tenant pool. Operators should plan for mid‑life capital needs consistent with a 2012 build and stay attentive to local school perceptions and recent property‑offense trend fluctuations.
- Newer 2012 construction offers competitive positioning versus older neighborhood stock
- Strong neighborhood occupancy and meaningful renter concentration support leasing stability
- High-cost ownership market in Westchester sustains demand for quality rentals
- 3-mile demographics show population and household growth, expanding the tenant base
- Risks: below-average school ratings and a recent uptick in property offenses warrant monitoring and proactive operations