| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 47th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19 Remsen St, Cohoes, NY, 12047, US |
| Region / Metro | Cohoes |
| Year of Construction | 1972 |
| Units | 103 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
19 Remsen St, Cohoes NY Multifamily Investment Positioning
Neighborhood renter concentration is high, supporting tenant demand, while occupancy trends indicate the need for active leasing strategies, according to WDSuite’s CRE market data.
Located in Cohoes within the Albany–Schenectady–Troy metro, the neighborhood carries a B+ rating and ranks 107 out of 295 metro neighborhoods—competitive among Albany neighborhoods—based on CRE market data from WDSuite. Parks access is a standout (top tier in the metro and high nationally), and restaurant density is stronger than average, though grocery, pharmacy, and cafe counts are limited, which investors should factor into resident convenience and marketing narratives.
Multifamily demand fundamentals are supported by a high share of renter-occupied housing units in the neighborhood (renter concentration near the top of the metro and well above national norms). By contrast, neighborhood occupancy has trailed broader benchmarks and eased in recent years; this points to a leasing and renewal management focus to sustain performance at the asset level and may warrant conservative underwriting for absorption. Median contract rents sit around the national middle, while the rent-to-income profile suggests relatively lower affordability pressure, aiding retention but potentially moderating near-term pricing power.
Relative to local housing stock, the average neighborhood vintage skews older, while the subject property’s 1972 construction is newer than the area norm. This positioning can support competitiveness versus prewar assets, with typical capital planning considerations around systems, exteriors, and interiors to capture value-add upside. NOI performance in the area is strong by metro standards (top decile among 295 neighborhoods) and above average nationally, signaling proven potential for durable per-unit income where operations are well executed.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, indicating a larger tenant base ahead. Household incomes have risen and are forecast to climb further, while home values and the value-to-income relationship reflect a relatively high-cost ownership market for many households; this tends to reinforce reliance on multifamily rentals and can support lease retention. Together, these dynamics suggest steady renter demand with scope for operational improvements to drive returns.
Comparable crime statistics for this specific neighborhood are not available in WDSuite at this time. Investors should benchmark property security measures and review city and county resources for broader trend context, using consistent methodology when comparing against other Albany–Schenectady–Troy neighborhoods.
Regional employment anchors help support renter demand via commute access, including technology and healthcare distribution employers noted below.
- IBM — technology & services (9.1 miles)
- McKesson — pharmaceutical distribution (38.4 miles)
Built in 1972 with 103 units, 19 Remsen St offers a mid-vintage platform in a renter-heavy neighborhood where parks access and restaurant density enhance livability, but limited daily-needs retail nearby calls for thoughtful resident services. The area’s renter concentration is very high, and within a 3-mile radius both households and incomes have been rising with projections pointing to further renter pool expansion—factors that support occupancy stability and renewal performance when paired with disciplined leasing.
Neighborhood occupancy has softened versus metro norms, indicating a need for active marketing and retention to sustain NOI. However, operating benchmarks in the area are strong by metro standards, and, according to CRE market data from WDSuite, ownership costs relative to income are elevated locally—conditions that typically sustain multifamily demand. The vintage suggests potential for value-add through systems modernization and targeted interior upgrades to sharpen competitive positioning against older stock.
- High renter-occupied share supports a deep tenant base and leasing velocity
- Mid-vintage (1972) asset with value-add potential via targeted renovations and systems updates
- Growing 3-mile household base and rising incomes underpin demand and renewal potential
- Elevated ownership costs versus incomes reinforce rental reliance and retention
- Risk: neighborhood occupancy trails broader benchmarks, requiring strong leasing and renewal management