| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 72 Lamartine Ave, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1978 |
| Units | 41 |
| Transaction Date | 2014-10-17 |
| Transaction Price | $453,300 |
| Buyer | HARRIS NORCLIFF |
| Seller | HYATT BERTLEY |
72 Lamartine Ave Yonkers NY Multifamily Investment
Neighborhood occupancy has been resilient and the area shows a high renter-occupied share, supporting depth of tenant demand; according to WDSuite’s CRE market data, this Urban Core location trends competitive within the New York–Jersey City–White Plains metro.
The property sits in a B+ rated Urban Core neighborhood that is competitive among New York–Jersey City–White Plains neighborhoods (312 of 889). Amenity access is a clear strength: grocery, restaurant, park, cafe, and childcare densities all register in the top quartile nationally, which typically supports day-to-day livability and leasing velocity for multifamily assets.
Multifamily fundamentals locally are solid. Neighborhood occupancy is strong and has improved over the past five years, and the renter-occupied share of housing units is high (among the highest nationally), indicating a sizable tenant base and durable demand for professionally managed rentals. Median contract rents in the neighborhood sit above national medians, and the rent-to-income profile suggests room for careful rent management without outsized retention risk relative to similar Urban Core locations.
Within a 3-mile radius, demographics point to a larger renter pool over time. Recent years show population growth with households expanding at a faster pace, and WDSuite’s projections indicate continued increases in households alongside rising incomes, which can support occupancy stability and measured rent growth. If household counts rise while household size shifts, operators may see changing unit mix preferences, but the net effect is a broader leasing funnel.
Vintage matters here. The neighborhood’s average construction year skews older, while this asset was built in 1978. Being newer than much of the surrounding stock can enhance competitive positioning, though investors should underwrite modernization of systems and common areas to meet today’s renter expectations and to capture potential value-add upside.
For ownership dynamics, local home values are elevated relative to national norms, which tends to reinforce reliance on multifamily housing and supports pricing power and lease retention in well-operated properties. These conditions, combined with strong amenity access, are consistent with durable renter demand in this part of Westchester County based on CRE market data from WDSuite.
Safety indicators are mixed but broadly near national norms. Overall crime levels benchmark around the national median, with property offense measures comparing somewhat better than the midpoint nationwide and violent offense measures below that midpoint. Recent trend data shows a year-over-year improvement in violent offenses, which is a constructive signal for long-term operations.
For investors, this translates to routine risk management rather than outlier exposure: standard security practices, lighting, and access controls are advisable, and monitoring neighborhood trends can help maintain resident satisfaction and retention over hold.
Proximity to major corporate employers supports commuter convenience and broad white-collar tenant demand. Nearby anchors include information technology, financial services, and global consumer brands with significant regional footprints.
- Cognizant Technology Solutions — IT services (7.5 miles) — HQ
- Prudential Financial — financial services (9.9 miles)
- Mastercard — payments technology (11.2 miles) — HQ
- Pepsico — consumer goods (12.4 miles) — HQ
- Sealed Air — packaging (12.5 miles) — HQ
72 Lamartine Ave offers scale for the submarket and a 1978 vintage that is newer than much of the surrounding housing stock, creating a path for value-add renovations and operational improvements. Neighborhood conditions feature strong amenity access, a high concentration of renter-occupied housing units, and occupancy that has trended upward, supporting leasing stability. Within a 3-mile radius, population and household growth, along with rising incomes, point to a larger tenant base over time; according to CRE market data from WDSuite, these dynamics compare favorably to national Urban Core benchmarks.
Investors should plan for targeted capital to modernize interiors and building systems to stay competitive against newer product. Safety indicators sit near national norms with improving violent-offense trends, suggesting standard risk controls are sufficient for long-term operations.
- High renter-occupied concentration and solid neighborhood occupancy support demand depth
- 1978 vintage offers value-add upside via modernization and energy-efficiency upgrades
- Top-quartile amenity access (parks, groceries, restaurants) enhances livability and retention
- 3-mile radius shows population and household growth, expanding the tenant pool
- Risk: Aging systems and mixed-but-improving safety metrics warrant prudent capex and property management