| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 59th | Fair |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Glen St, Glen Cove, NY, 11542, US |
| Region / Metro | Glen Cove |
| Year of Construction | 2006 |
| Units | 111 |
| Transaction Date | 1999-12-30 |
| Transaction Price | $100,000 |
| Buyer | FAIRFIELD GLEN COVE NORTH OWNER LLC |
| Seller | GLEN COVE II DEVELOPMENT LLC |
100 Glen St Glen Cove NY Multifamily Investment
Neighborhood occupancy is strong and supports stable leasing dynamics around the property, according to WDSuite’s CRE market data, with the area demonstrating resilient renter demand relative to national norms. This positioning can help underpin income durability for investors evaluating Glen Cove multifamily.
Located at 100 Glen St in Glen Cove, the property sits in a neighborhood rated A and ranked 35 out of 608 within the Nassau County–Suffolk County, NY metro — top quartile among 608 metro neighborhoods. Amenity access scores well versus national benchmarks, with cafes, groceries, restaurants, and pharmacies all testing in the upper national percentiles, which can aid leasing velocity and day‑to‑day convenience for residents.
Renter-occupied share within the immediate neighborhood is elevated (ranked near the top of 608 metro neighborhoods), signaling a deep tenant base and steady multifamily demand. By contrast, demographics aggregated within a 3-mile radius indicate a more owner-leaning area overall, which often supports Class A/B multifamily by drawing renters who prefer professionally managed apartments over ownership or small-scale rentals.
Occupancy for the neighborhood is about 96%, above many national readings, and NOI per unit benchmarks are competitive nationally. Median home values sit high versus the nation, and value-to-income ratios are also elevated — factors that typically sustain reliance on rental housing and can support pricing power and lease retention for professionally managed assets.
Construction year for the asset is 2006, notably newer than the neighborhood’s older housing stock. This vintage can be a competitive advantage against pre‑war and mid‑century inventory, while still warranting selective modernization of interiors, common areas, and building systems as part of a strategic value-add plan. One tradeoff: the neighborhood shows limited park acreage access, so investors may consider on-site or nearby private amenities to enhance resident experience.
Comparable safety metrics for this specific neighborhood are not available from WDSuite at this time. Investors commonly contextualize property-level risk by reviewing city and county trendlines alongside neighborhood benchmarking, and by aligning onsite security, lighting, and access controls with resident expectations.
Proximity to regional corporate employers helps anchor the renter base with professional and managerial jobs, supporting retention and leasing near Glen Cove. Nearby anchors include W.R. Berkley, XPO Logistics, Mastercard, PepsiCo, and Henry Schein.
- W.R. Berkley — insurance (10.7 miles) — HQ
- Xpo Logistics — transportation & logistics (10.8 miles) — HQ
- Mastercard — payments & technology (11.9 miles) — HQ
- Pepsico — food & beverage (12.3 miles) — HQ
- Henry Schein — healthcare distribution (12.8 miles) — HQ
The investment case centers on durable renter demand, strong neighborhood occupancy around 96%, and amenity-rich urban core fundamentals. High home values and an elevated value‑to‑income landscape reinforce multifamily dependence, while cafe, grocery, restaurant, and pharmacy density compare favorably at the national level. Within a 3‑mile radius, modest population growth and a rising household count point to a gradually expanding renter pool that can support occupancy stability. Based on commercial real estate analysis from WDSuite, the neighborhood’s NOI-per-unit profile ranks competitively versus most U.S. neighborhoods.
Built in 2006, the property is materially newer than much of the surrounding housing stock. That positioning can reduce near-term functional obsolescence versus older assets and offer a platform for targeted value‑add upgrades to kitchens, baths, and common areas, alongside selective building systems refresh to sustain rent premiums over legacy inventory.
- High neighborhood occupancy and strong amenity access support leasing and rent resilience.
- Elevated ownership costs in the area help sustain reliance on rental housing and pricing power.
- 2006 vintage offers competitive positioning versus older stock with clear value‑add pathways.
- 3‑mile radius shows population and household growth, expanding the tenant base over time.
- Risks: elevated rent‑to‑income pressure, limited park access, and commute reliance to regional job hubs.