| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 755 Palisade Ave, Yonkers, NY, 10703, US |
| Region / Metro | Yonkers |
| Year of Construction | 1989 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
755 Palisade Ave Yonkers Multifamily Investment Opportunity
Neighborhood occupancy near the mid-90s and a balanced renter base point to demand resilience, according to WDSuite’s CRE market data. Pricing power will hinge on managing affordability and leveraging location fundamentals rather than outsized concessions.
The property sits in Yonkers’ Urban Core with a neighborhood rating of B-, offering everyday convenience and connectivity that support leasing stability. Amenity access is competitive among New York-Jersey City-White Plains submarkets (ranked 250 of 889 metro neighborhoods), with strong coverage of groceries, pharmacies, parks, and restaurants by national standards. Cafes are sparser locally, but core services are abundant and align with workforce and family renters.
On a national basis, the neighborhood scores in the upper percentiles for daily-needs access: groceries (95th percentile), pharmacies (99th), parks (98th), and restaurants (94th). This mix supports resident retention and reduces friction for day-to-day living. School ratings trend below national norms (around the 15th percentile), which may temper appeal for some family renters and should be reflected in leasing strategy rather than headline pricing.
Renter demand is underpinned by tenure patterns and occupancy. Within the neighborhood, 46.6% of housing units are renter-occupied, indicating a sizable tenant base, while neighborhood occupancy has held near 95% in recent years. Median contract rent benchmarks sit above the national middle (76th percentile), while rent-to-income sits in the upper-20s, suggesting measured affordability pressure to monitor for renewals and trade-outs.
Demographic trends aggregated within a 3-mile radius indicate a growing renter pool: population and household counts have expanded over the past five years, with further growth projected, and median household incomes have moved higher. Elevated ownership costs (home values near the 76th national percentile and a high value-to-income ratio around the 91st percentile) signal a high-cost ownership market that tends to reinforce reliance on multifamily housing, a useful context for multifamily property research and underwriting.
Safety indicators are generally around or modestly above national medians. Overall crime levels track slightly better than the national middle (about the 59th percentile for safety), violent-offense prevalence trends near the national median (around the 47th percentile), and property-offense prevalence is modestly better than average (about the 55th percentile). These are neighborhood-level readings rather than block-specific measures.
Recent year-over-year momentum is constructive: estimated violent-offense and property-offense rates both declined, with improvements that outperformed many neighborhoods nationwide (roughly 73rd and 62nd percentiles for improvement, respectively). For investors, the directional trend supports underwriting assumptions around resident retention and operational stability, while ongoing monitoring remains prudent for risk management.
Proximity to regional employers supports commuter convenience and broad renter demand, led by IT services, payments, financial services, consumer goods, and logistics offices within a typical Westchester–Fairfield commuting shed.
- Cognizant Technology Solutions — IT services (8.7 miles) — HQ
- Mastercard — payments & fintech (10.2 miles) — HQ
- Prudential Financial — financial services (10.2 miles)
- PepsiCo — consumer goods & beverages (11.3 miles) — HQ
- XPO Logistics — logistics (13.1 miles) — HQ
Built in 1989 with 71 units, the asset is materially newer than much of the surrounding housing stock, which skews pre-war. That relative vintage can be a competitive advantage versus older walk-ups while still leaving room for selective modernization to enhance unit finishes and building systems. Neighborhood occupancy has remained near the mid-90s and the local renter base is meaningful, supporting baseline lease-up and renewal stability.
Within a 3-mile radius, population and household growth, rising incomes, and projected rent gains point to a larger, higher-earning tenant pool over the next cycle. Elevated home values and a high value-to-income ratio indicate a high-cost ownership market that tends to sustain multifamily reliance. According to CRE market data from WDSuite, current rent benchmarks sit above national medians, while rent-to-income around the high-20s suggests thoughtful renewal management to balance retention and revenue.
- 1989 vintage versus older neighborhood stock supports competitiveness with targeted value-add potential
- Occupancy near mid-90s and sizable renter-occupied share underpin demand stability
- 3-mile growth in population, households, and incomes expands the renter pool and supports rent durability
- Risks: lower school ratings and measured affordability pressure warrant disciplined lease management and amenity positioning