| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 49th | Fair |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 427 Columbia St, Cohoes, NY, 12047, US |
| Region / Metro | Cohoes |
| Year of Construction | 2004 |
| Units | 97 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
427 Columbia St Cohoes NY Multifamily Opportunity
Neighborhood occupancy has held in a stable range, supporting steady leasing potential according to WDSuite’s CRE market data. For investors, the area’s renter demand and household growth trends point to consistent absorption rather than volatile swings.
Livability and demand drivers near 427 Columbia St are shaped by suburban dynamics in the Albany–Schenectady–Troy metro. Neighborhood occupancy is above many U.S. areas (72nd percentile nationally), which helps underpin leasing stability for nearby multifamily assets, per commercial real estate analysis from WDSuite. Grocery and pharmacy access are relative strengths (both around the 70s national percentiles), while cafés, restaurants, and park density are thinner, implying fewer discretionary amenities within close reach.
The property’s 2004 vintage is newer than the neighborhood’s older housing stock (average vintage near 1920). That relative youth typically reduces near-term capital exposure versus older comparables and can support competitive positioning; investors should still plan for mid-life system updates and selective renovations to keep finishes current.
Within a 3-mile radius, demographics point to a growing tenant base. Population and households have expanded over the last five years, with forecasts indicating additional household growth ahead—signals that generally support rent-up and occupancy stability. The renter concentration is near parity with owners in this radius (roughly half of units are renter-occupied), indicating a deep pool of prospective tenants rather than a niche renter segment.
Affordability metrics are constructive for retention and pricing discipline. Median contract rents have risen over the past five years but remain balanced against local incomes (rent-to-income sits favorably in the low range), which can translate into manageable affordability pressure and lower turnover risk. By contrast, the neighborhood’s average public school ratings are below national medians, a factor family-oriented renters may weigh; assets appealing to singles, couples, and downsizers may see steadier demand.
Comparable neighborhood-level safety data is limited in WDSuite for this location, so investors often benchmark against broader metro trends and recent property-level history. A prudent approach is to review multi-year police reports, consult insurer loss-run expectations, and compare security measures to peer assets in the Albany–Schenectady–Troy region.
Operationally, owners can mitigate risk through lighting, controlled access, camera coverage of common areas, and resident engagement. Evaluating these measures alongside local trend reports provides clearer context than any single-year snapshot.
Proximity to established corporate employers helps support renter demand through commute convenience and diversified job bases. Key nearby employers include IBM and McKesson, which contribute professional and healthcare-adjacent roles within driving distance.
- IBM — corporate offices (8.7 miles)
- McKesson — corporate offices (38.7 miles)
This 97-unit, 2004-vintage asset offers relative competitiveness versus the neighborhood’s older housing stock, with the potential for targeted updates rather than full-scale repositioning. Neighborhood occupancy trends and a broad renter pool within a 3-mile radius suggest durable absorption and steady renewals, while rising household counts indicate a gradually expanding tenant base. According to CRE market data from WDSuite, local rent levels have increased alongside incomes, which supports lease management and reduces the likelihood of acute affordability pressure.
Investor considerations include thinner discretionary amenities and below-average school ratings at the neighborhood level, which could shift the resident mix toward workforce and lifestyle renters rather than families prioritizing top-rated schools. Thoughtful capex focused on interiors, curb appeal, and convenience features can help sustain competitive positioning and retention.
- 2004 construction offers a competitive edge versus older neighborhood stock, with mid-life systems planning instead of heavy repositioning.
- Neighborhood occupancy and a deep 3-mile renter base support consistent leasing and renewal prospects.
- Rents have risen alongside incomes, aiding pricing discipline and lowering retention risk, per WDSuite data.
- Risk: Limited discretionary amenities and lower school ratings may narrow family demand; focus on features valued by workforce and lifestyle renters.