| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 55th | Fair |
| Amenities | 58th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 82 Gavin St, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1975 |
| Units | 22 |
| Transaction Date | 2002-07-30 |
| Transaction Price | $950,000 |
| Buyer | DMJ MANAGEMENT CORP |
| Seller | 82 GAVIN STREET PARTNERS INC |
82 Gavin St, Yonkers NY Multifamily Investment Snapshot
Neighborhood occupancy trends are strong and rents sit above national norms, according to WDSuite’s CRE market data, pointing to durable renter demand in this inner-suburban Westchester location.
Located in Yonkers’ inner-suburban fabric, the property benefits from a renter base supported by proximity to jobs across Westchester and the broader New York–Jersey City–White Plains metro. Neighborhood occupancy is in the top quartile among 889 metro neighborhoods, a positive signal for income stability and lease retention. Rents trend higher than national norms, which underscores demand but also calls for attentive affordability and renewal strategies.
Livability is balanced: restaurant and park access score well versus national peers, and grocery coverage is solid, while cafes and pharmacies are comparatively sparse. Childcare density is among the highest percentiles nationally, which can support family-oriented renters. School rating data is not available in this dataset. Based on CRE market data from WDSuite, these amenity dynamics are competitive among area neighborhoods without relying on luxury retail to drive traffic.
Within a 3-mile radius, demographic data indicates recent population growth with an expanding household base, suggesting a larger tenant pool over time. The 3-mile area shows a meaningful share of renter-occupied housing, reinforcing depth for multifamily leasing, while the immediate neighborhood’s renter concentration is more moderate—supporting a mix of long-term residents and steady absorption for well-positioned units.
Home values in the neighborhood are elevated relative to national benchmarks, which typically sustains reliance on rental options and can aid pricing power for well-maintained units. The property’s 1975 vintage is newer than the neighborhood average stock, offering a relative competitive edge versus older buildings, though investors should still plan for modernization of systems and common areas to meet current renter expectations.
Safety indicators compare favorably at the national level: violent offenses are in the top quartile nationally (safer than most neighborhoods), and property offenses track above the national median. Recent year-over-year data shows notable declines in both categories, according to WDSuite’s CRE market data, which supports a constructive risk outlook for routine asset-level security planning.
Conditions can vary by corridor within the metro; investors typically underwrite prudent measures (lighting, access control, and vendor coordination) to maintain resident confidence and support retention.
Proximity to major corporate employers across Westchester and Fairfield counties supports commuter convenience and renter demand, including Cognizant Technology Solutions, Mastercard, Prudential Financial, PepsiCo, and XPO Logistics.
- Cognizant Technology Solutions — corporate offices (8.7 miles) — HQ
- Mastercard — corporate offices (10.0 miles) — HQ
- Prudential Financial — corporate offices (11.1 miles)
- PepsiCo — corporate offices (11.1 miles) — HQ
- XPO Logistics — corporate offices (12.7 miles) — HQ
This 22-unit, 1975-built asset sits in a high-occupancy Yonkers neighborhood where rental demand has held firm relative to metro peers. The property is newer than much of the surrounding housing stock, offering competitive positioning with scope to create value through targeted renovations and operational improvements. Within a 3-mile radius, population and household growth point to an expanding renter pool that can support sustained occupancy and measured rent pacing.
Rents in the neighborhood benchmark above national norms while rent-to-income readings suggest manageable affordability pressure, supporting renewal strategies rather than aggressive turnover. According to CRE market data from WDSuite, amenity access is solid (restaurants, parks, grocery) even as certain convenience categories are thinner, which favors assets that deliver on-site functionality and modern finishes.
- High neighborhood occupancy (top quartile in the metro) supports income stability and lease retention.
- 1975 vintage is newer than local average, with value-add upside via system upgrades and unit refreshes.
- Expanding 3-mile renter base and elevated home values reinforce multifamily demand depth.
- Amenity access is competitive (restaurants, parks, grocery), aiding retention without heavy concessions.
- Risks: older building systems, lighter cafe/pharmacy presence nearby, and typical urban-suburban safety considerations warrant standard capex and operations planning.