| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 64th | Good |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Rockland Ave, Nanuet, NY, 10954, US |
| Region / Metro | Nanuet |
| Year of Construction | 1979 |
| Units | 38 |
| Transaction Date | 1996-12-20 |
| Transaction Price | $340,000 |
| Buyer | WALSH JOHN JOSEPH |
| Seller | PAUL SUNG KUO LI |
1 Rockland Ave Nanuet Multifamily Investment
Neighborhood occupancy is strong at roughly the mid‑90s, supporting income stability for a 38‑unit asset, according to WDSuite’s CRE market data. In a high‑cost ownership pocket of Rockland County, renter demand is reinforced by elevated home values and solid household incomes.
Nanuet sits within the New York–Jersey City–White Plains metro and shows balanced fundamentals for workforce renters. Neighborhood occupancy ranks 256 out of 889 metro neighborhoods, which is competitive among New York–Jersey City–White Plains areas and consistent with sustained leasing in nearby suburban submarkets. Elevated home values (high national percentile) signal a high‑cost ownership market, which typically sustains multifamily demand and supports retention.
Amenities skew toward practical convenience rather than density: restaurants score in the top quartile nationally, while grocery access is above the national median. School quality is also top quartile nationally on WDSuite benchmarks, a characteristic that can aid renter retention and broaden the tenant profile. Café and pharmacy counts are limited locally, so residents may rely on nearby nodes for lifestyle services.
The property’s 1979 vintage is newer than the neighborhood’s average construction year (1963). That positioning often competes well against older stock while still inviting targeted capital planning for systems modernization or value‑add interiors to meet current renter expectations.
Tenure patterns indicate a modest share of renter‑occupied units at the neighborhood level, but the 3‑mile radius demographics show a deeper renter base (about one‑third of units renter‑occupied) with rising incomes and steady household growth. Population and household expansion within 3 miles point to a larger tenant base over the next several years, which can support occupancy stability and disciplined rent management.
Comparable crime statistics for this specific neighborhood are not available in WDSuite’s current release. Investors typically benchmark safety trends alongside school quality and amenity access at the metro and neighboring‑submarket level; given the suburban context and stable occupancy in the neighborhood, underwriting assumptions should rely on third‑party verification and trend comparisons to nearby Rockland County areas rather than block‑level claims.
Nearby corporate employers provide a diversified white‑collar employment base that supports commuter convenience and renter demand, including retail headquarters, financial services, consumer goods, healthcare manufacturing, and packaging.
- Ascena Retail Group — retail headquarters (8.1 miles) — HQ
- Prudential Financial — financial services (8.3 miles)
- PepsiCo — consumer goods (11.0 miles)
- Becton Dickinson — healthcare manufacturing (11.1 miles) — HQ
- Sealed Air — packaging (14.1 miles) — HQ
1 Rockland Ave offers a 38‑unit suburban position in a high‑cost ownership pocket of Rockland County, where neighborhood occupancy is competitive among metro peers and restaurants, groceries, and schools test above national medians. The 1979 vintage is newer than the local average, suggesting relative competitiveness versus older inventory while leaving room for value‑add upgrades and systems modernization.
Within a 3‑mile radius, population and household counts are growing and incomes are strong, expanding the renter pool and supporting lease stability. Rent levels in the area have risen over recent years, and, according to CRE market data from WDSuite, neighborhood occupancy remains firmly above national medians, reinforcing the case for durable cash flow with prudent expense and capital planning.
- Competitive neighborhood occupancy and high‑cost ownership market support steady renter demand
- 1979 vintage newer than local average — positioned for targeted value‑add and modernization
- 3‑mile demographics show growing households and strong incomes, aiding retention
- Proximity to diversified employers underpins leasing stability for commuting renters
- Risks: limited café/pharmacy density and modest local renter concentration may temper lifestyle appeal and lease‑up velocity; plan for capex typical of late‑1970s assets