| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 87th | Best |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 N Broadway, Nyack, NY, 10960, US |
| Region / Metro | Nyack |
| Year of Construction | 1993 |
| Units | 20 |
| Transaction Date | 2018-08-21 |
| Transaction Price | $325,000 |
| Buyer | BANDARENKO JACK |
| Seller | 50 N BROADWAY LLC |
50 N Broadway, Nyack NY Multifamily Investment
Situated in Nyack’s amenity-rich urban core, this 1993-vintage, 20-unit asset benefits from neighborhood occupancy near the low-90s and strong renter demand signals, according to WDSuite’s CRE market data. The location’s high-income tenant base and daily-needs access support steady leasing and retention.
Nyack’s neighborhood rating sits in the top quartile among 889 metro neighborhoods, reflecting a balanced mix of demand drivers and day-to-day convenience. Neighborhood occupancy is 92.0% (neighborhood-level, not property-level), suggesting stable leasing conditions relative to broader metro trends, based on CRE market data from WDSuite.
Amenity access is a core strength: cafes and restaurants rank in the top percentiles nationally, while groceries and parks are also near the top of national distributions. This concentration of lifestyle and daily-needs options typically supports leasing velocity and resident retention. Pharmacy presence is limited locally, which may shift some errands to nearby areas but does not undercut overall convenience.
The property’s 1993 construction is newer than the neighborhood’s older average stock (mid-20th century), offering competitive positioning versus aging buildings. Investors can plan for modernization of systems and finishes as needed to sustain that edge and capture value-add potential.
Within a 3-mile radius, demographic statistics indicate a high-income renter pool and forecast growth in households alongside slightly smaller household sizes. This pattern generally expands the tenant base and supports occupancy stability even as some households trend toward fewer people per unit. Elevated neighborhood home values and incomes indicate a high-cost ownership market that can reinforce reliance on multifamily rentals, supporting pricing power while keeping an eye on lease management and affordability.
Comparable safety metrics at the neighborhood level are not available in this dataset. Investors should evaluate local trend data and on-the-ground conditions in the context of broader New York–Jersey City–White Plains metro patterns. Where crime statistics are available, use them as a comparative input rather than a block-level indicator, and pair with property operations data (traffic, renewals) for a fuller risk view.
Nearby corporate offices provide a diversified employment base that can support renter demand and retention, particularly among professionals seeking commute convenience. The following employers are within a commutable radius and help anchor the area’s white-collar workforce.
- PepsiCo — consumer beverages corporate offices (5.8 miles)
- IBM — technology & services (10.3 miles) — HQ
- Fernando DaCunha - Citizens Bank, Home Mortgages — banking & mortgages (10.6 miles)
- Prudential Financial — insurance (11.8 miles)
- Mastercard — payments & technology (11.8 miles) — HQ
50 N Broadway offers a 1993-vintage, 20-unit footprint positioned within a high-amenity urban core where neighborhood occupancy is 92.0% (neighborhood-level measure). Newer vintage relative to the area’s older stock supports competitive positioning, with potential to capture value-add through selective modernization. Elevated home values and strong local incomes point to a high-cost ownership environment that sustains multifamily demand, while rent-to-income levels suggest room to manage pricing and retention thoughtfully, based on CRE market data from WDSuite.
Within a 3-mile radius, forecasts indicate an increase in households and a modest decrease in household size, which can expand the renter pool and support occupancy stability. At the same time, household wealth is projected to rise further, reinforcing the depth of the professional tenant base. Near-term rent growth is expected to be measured, so execution relies on operational discipline and targeted upgrades rather than outsized market lifts.
- Newer-than-area stock (1993) offers competitive positioning versus older buildings, with practical value-add paths.
- Amenity-rich urban core with strong national percentiles for cafes, restaurants, groceries, and parks supports leasing and retention.
- High-income area and elevated ownership costs reinforce reliance on rentals, supporting pricing power and stability.
- 3-mile forecasts show more households and smaller sizes, expanding the tenant base and supporting occupancy.
- Risks: measured near-term rent growth, limited local pharmacy presence, and the need for ongoing modernization to maintain competitiveness.