| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 79th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 87 Locust Hill Ave, Yonkers, NY, 10701, US |
| Region / Metro | Yonkers |
| Year of Construction | 1997 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
87 Locust Hill Ave Yonkers Multifamily Investment Thesis
Neighborhood-level occupancy has been resilient with a deep renter base, according to WDSuite s CRE market data, suggesting stable leasing for a 22-unit asset in Yonkers. Newer construction for the area supports competitive positioning while leaving room for targeted upgrades.
This Urban Core neighborhood in the New York Jersey City White Plains metro rates B+ (ranked 312 among 889 metro neighborhoods), placing it above the metro median for overall livability and investment fundamentals. Based on commercial real estate analysis from WDSuite, local conveniences are a strength: grocery and restaurant density sit in the high national percentiles, and parks access is also strong, while pharmacy presence is comparatively thin.
For multifamily investors, the neighborhood s housing dynamics are constructive. Neighborhood occupancy sits around 95.7% and has trended higher over five years, and the share of housing units that are renter-occupied is elevated at roughly 78%, indicating depth in the tenant base. Median contract rents in the neighborhood are in the upper national range and have grown over the last cycle, supporting revenue potential while requiring active affordability and lease management.
The property s 1997 vintage is materially newer than the neighborhood s older housing stock (average year 1943). That positioning can help drive leasing competitiveness versus legacy buildings, while investors should still underwrite ongoing system updates and selective renovations to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius point to steady population growth over the prior five years alongside a notable increase in households, expanding the local renter pool. Forward-looking projections indicate additional growth in population and households, which would support occupancy stability and leasing velocity if realized. Household incomes have also advanced, reinforcing the area s capacity to support market-rate rents over time.
Home values in the neighborhood sit above the national median. In practice, a high-cost ownership market tends to sustain reliance on multifamily housing, which can aid tenant retention and pricing power for well-managed assets.
Safety indicators are mixed but generally near national midpoints. The neighborhood s crime position is competitive among New York Jersey City White Plains neighborhoods (ranked 140 of 889), and national percentiles suggest conditions close to the U.S. median overall. Property-related offenses track somewhat better than national averages, while violent offense measures sit slightly below national midpoints; recent data show a year-over-year decline in violent incidents, which is a constructive trend.
Investors should evaluate site-specific security, lighting, and access controls to align with resident expectations and support retention, while monitoring citywide and neighborhood trends over time.
Proximity to diversified employers supports workforce housing demand and commute convenience, led by technology services, financial services, media, and payments. Nearby anchors include Cognizant Technology Solutions, Prudential Financial, Citizens Bank home mortgages, Mastercard, and Disney ABC Television Group.
- Cognizant Technology Solutions technology services (7.3 miles) HQ
- Prudential Financial financial services (10.0 miles)
- Fernando DaCunha Citizens Bank, Home Mortgages financial services (10.4 miles)
- Mastercard payments & technology (11.4 miles) HQ
- Disney ABC Television Group media & entertainment (12.2 miles)
87 Locust Hill Ave offers a 22-unit footprint positioned in a neighborhood with sustained renter demand and improving occupancy, according to CRE market data from WDSuite. The asset s 1997 construction is newer than much of the surrounding stock, providing a competitive edge versus older buildings while leaving scope for targeted value-add to meet current standards.
Neighborhood-level indicators show high renter concentration, stable occupancy, and strong access to everyday amenities. Within a 3-mile radius, recent population and household growth, alongside projected gains, point to a larger tenant base that can support leasing stability. With ownership costs comparatively high locally, well-managed multifamily product can benefit from durable demand, provided operators stay attentive to rent-to-income positioning and retention.
- Newer 1997 vintage versus older neighborhood stock supports leasing competitiveness
- Neighborhood occupancy and elevated renter-occupied share underpin demand depth
- Amenity-rich Urban Core setting with strong grocery, dining, and parks access
- 3-mile radius population and household growth expand the renter pool and support stability
- Risks: aging systems despite 1997 build, pharmacy coverage is thin locally, and safety sits near national midpoints