| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 61st | Fair |
| Amenities | 64th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 231 Blauvelt Rd, Blauvelt, NY, 10913, US |
| Region / Metro | Blauvelt |
| Year of Construction | 1990 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
231 Blauvelt Rd, Blauvelt NY Multifamily Investment
Neighborhood occupancy remains solid and the area skews toward a high-income renter base, according to WDSuite’s CRE market data, supporting lease stability for a 33-unit asset built in 1990. While renter concentration is lower than urban cores, elevated ownership costs in Rockland County help sustain demand for quality rentals.
Blauvelt sits within the New York–Jersey City–White Plains, NY–NJ metro and carries a B- neighborhood rating, with overall performance positioned near the metro midpoint (rank 445 of 889). Schools score competitively among metro neighborhoods (rank 247 of 889) and sit in the top quartile nationally, which can support family-oriented rental demand and longer tenancy.
Amenities are mixed: restaurant and grocery access trend above national averages, and cafés are above the metro median (rank 425 of 889), but parks are limited. For investors, this points to everyday convenience with some livability tradeoffs that may be offset by property-level outdoor space or nearby regional recreation.
The neighborhood’s renter-occupied share is modest, indicating a smaller but stable tenant pool; within a 3-mile radius, renters account for roughly a low-teens share of housing units today with a projected uptick over the next five years. Population is projected to contract while households increase in the same 3-mile capture, implying smaller household sizes and a shift that can add renters to the market, supporting occupancy stability rather than rapid lease-up dynamics.
Home values rank high nationally, signaling a high-cost ownership market that tends to reinforce reliance on multifamily. Rent-to-income levels are favorable (very low rent burden by national standards), which supports retention and prudent pricing decisions. With a 1990 vintage in a submarket where the average construction year trends older, the property should compete well against legacy stock, though selective modernization and systems updates may still be prudent to stay ahead of newer deliveries.
Comparable neighborhood safety metrics were not available in the current WDSuite release for this area. Investors typically benchmark against nearby Rockland County and metro New York–North Jersey suburbs; in the absence of property-level data, underwrite using standard market diligence such as police blotter trends, insurer loss runs, and resident feedback to contextualize tenant retention and operating risk.
Proximity to regional corporate offices supports commuter demand and broad white-collar employment, which can aid leasing stability and renewals. Key nearby employers include Prudential Financial, PepsiCo, Ascena Retail Group, Becton Dickinson, and Cognizant Technology Solutions.
- Prudential Financial — insurance & financial services (8.3 miles)
- Pepsico — food & beverage corporate offices (8.9 miles)
- Ascena Retail Group — retail apparel corporate offices (10.6 miles) — HQ
- Becton Dickinson — medical technology corporate offices (12.8 miles) — HQ
- Cognizant Technology Solutions — IT services & consulting (13.0 miles) — HQ
231 Blauvelt Rd offers a 1990-vintage, 33-unit footprint in a suburban Rockland County location where neighborhood occupancy trends are healthy and ownership costs are elevated, supporting durable rental demand. Based on commercial real estate analysis from WDSuite, the area’s high home values and favorable rent-to-income dynamics point to retention strength and measured pricing power, while the property’s vintage is newer than much of the surrounding stock, offering a competitive edge with targeted upgrades.
Within a 3-mile radius, households are projected to rise even as population edges lower, indicating smaller household sizes and a gradual renter pool expansion that can support steady leasing. Employment access to major regional corporates further underpins demand, though the submarket’s modest renter concentration and limited parks call for thoughtful amenity programming and disciplined underwriting.
- 1990 vintage competes well versus older neighborhood stock; targeted modernization can enhance positioning
- High-cost ownership market reinforces multifamily reliance and supports retention
- Favorable rent-to-income profile enables disciplined pricing while maintaining occupancy stability
- Proximity to diverse corporate employers underpins white-collar renter demand
- Risk: modest renter concentration and limited parks require focused amenities and conservative lease-up assumptions