| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Good |
| Demographics | 50th | Fair |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 50 S Main St, Port Chester, NY, 10573, US |
| Region / Metro | Port Chester |
| Year of Construction | 1990 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
50 S Main St Port Chester 71-Unit Multifamily
Neighborhood occupancy is above the metro median with a deep renter-occupied base, supporting durable leasing fundamentals according to WDSuite’s CRE market data.
Located in Port Chester’s Urban Core, the property sits in a neighborhood rated B+ with occupancy that is above the metro median among 889 New York–Jersey City–White Plains neighborhoods. Renter-occupied housing accounts for a substantial share of units, indicating a broad tenant pool and depth of demand for multifamily product.
Daily needs are well covered: grocery and restaurant density ranks competitive among metro peers and in the top percentiles nationally, while parks and pharmacies are also strong. Cafés are less concentrated, but childcare access is comparatively robust. These amenity dynamics support renter convenience and retention rather than destination retail dependence.
Home values are elevated by national standards, which tends to reinforce reliance on rental housing and supports pricing power and lease retention. Rent-to-income levels in the neighborhood suggest manageable affordability pressure for many households, which can help stabilize occupancy and limit turnover risk.
Within a 3-mile radius, population and household counts have grown and are expected to continue expanding through 2028, pointing to a larger tenant base over time. Smaller average household sizes also imply incremental demand for rental units. Median household incomes in the 3-mile area are high by national comparison, which can underpin collections and support quality tenancy.
The asset’s 1990 vintage is materially newer than the neighborhood’s older housing stock (average construction year is pre-1940), which strengthens competitive positioning versus legacy buildings. Even so, systems are no longer new; targeted modernization or common-area upgrades may unlock further rentability and operating efficiency.
Based on WDSuite’s data, this neighborhood performs favorably on safety compared with both the metro and national landscape. Overall crime conditions are better than the national median, and violent incidents are among the lowest nationally, placing the area in a very high safety percentile.
Recent trends show improvement in violent offenses year over year, while property-related incidents have shown volatility. Investors should monitor submarket trends and building-level controls (lighting, access, and surveillance) rather than drawing block-level conclusions; performance can vary within urban cores.
Proximity to major corporate headquarters and offices supports a steady renter pipeline seeking commute convenience. Notable nearby employers include XPO Logistics, W.R. Berkley, PepsiCo, Mastercard, and United Rentals.
- Xpo Logistics — corporate headquarters (1.7 miles) — HQ
- W.R. Berkley — insurance headquarters (2.6 miles) — HQ
- Pepsico — consumer goods headquarters (2.9 miles) — HQ
- Mastercard — payments & technology headquarters (2.9 miles) — HQ
- United Rentals — equipment rental headquarters (6.8 miles) — HQ
This 71-unit, 1990-vintage asset benefits from a renter-leaning neighborhood with above-metro occupancy, strong daily-needs access, and high-cost ownership dynamics that support multifamily demand. The property is newer than much of the local housing stock, offering competitive positioning with potential value-add upside through targeted modernization. According to CRE market data from WDSuite, neighborhood rents sit above national norms while rent-to-income levels suggest manageable affordability pressure that can aid retention.
Within a 3-mile radius, population and household counts have been rising and are projected to continue growing through 2028, expanding the tenant base and supporting occupancy stability. Safety metrics are favorable relative to the metro and nation, though property-crime volatility and below-average school ratings warrant prudent monitoring and tenant-mix strategies.
- Renter-occupied concentration and above-metro occupancy support durable demand and leasing stability
- 1990 vintage is newer than area stock, with potential to capture value via selective modernization
- Amenity-rich urban core with strong grocery and restaurant access that supports retention
- Expanding 3-mile population and households point to a growing tenant base through 2028
- Risks: school quality below national median and property-crime variability require active management