| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Victoria Ln, Delmar, NY, 12054, US |
| Region / Metro | Delmar |
| Year of Construction | 2000 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Victoria Ln, Delmar NY Multifamily Investment Opportunity
Newer 2000-vintage asset in a high-performing suburban Albany neighborhood with steady renter demand and strong occupancy, according to WDSuite’s CRE market data. This positioning supports durable cash flow potential relative to older nearby stock.
The property sits in an A+ rated suburban neighborhood within the Albany-Schenectady-Troy metro (ranked 9 out of 295 neighborhoods), indicating competitive fundamentals among metro peers. Neighborhood occupancy is strong and sits in the top quartile nationally, a backdrop that supports leasing stability for multifamily investors.
Livability drivers are balanced: school quality is top quartile nationally (average rating 4.0), which typically correlates with family-oriented housing stability. Immediate amenity density is mixed—cafes, parks, and pharmacies score above national midpoints, while grocery options within the neighborhood are limited, implying residents are likely to drive for weekly shopping.
Vintage dynamics are favorable. With a 2000 construction year versus an area average from the 1960s, the asset should compare well to older local stock. Investors can plan routine modernization and system updates over time while leveraging relative competitiveness against legacy properties.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, pointing to renter pool expansion and depth of demand. High household incomes and a moderate rent-to-income profile suggest room for disciplined rent management and retention, rather than push-driven turnover. Neighborhood-level NOI per unit trends rank among the metro’s leaders, based on CRE market data from WDSuite, underscoring overall operating strength at the neighborhood scale.
Tenure patterns show a lower renter-occupied share locally (roughly one-third of housing units), which indicates an owner-leaning area. For multifamily, that typically supports stable demand from a defined renter segment seeking quality units near schools and employment, though it also means new supply must be thoughtfully positioned to capture this segment.
Neighborhood-level crime data for this area is not available in WDSuite’s dataset for the Albany-Schenectady-Troy metro. Investors should interpret safety through broader regional context and on-the-ground diligence, considering suburban character and sustained housing stability signals (such as strong school ratings and high occupancy) without assuming block-level conditions.
Proximity to regional employers supports commute convenience and renter retention, with nearby technology offices anchoring daytime population and income stability.
- IBM — technology (6.4 miles)
This 48-unit, 2000-vintage property benefits from a high-performing suburban Albany location where neighborhood occupancy trends sit in the top quartile nationally, supporting cash flow consistency. Relative to a 1960s neighborhood average, the newer vintage should be competitive versus older assets while still warranting targeted capital planning for systems and common-area updates. According to CRE market data from WDSuite, local income strength and a moderate rent-to-income profile align with disciplined rent management and retention priorities.
Demand drivers are underpinned by growing households within a 3-mile radius and strong schools that contribute to residential stability. The area’s owner-leaning tenure means the renter base is defined but steady; amenities are adequate, with some reliance on short drives for groceries. Taken together, the fundamentals point to durable occupancy with measured opportunities for value-add and operational optimization.
- Top-tier neighborhood fundamentals in the metro support occupancy stability and leasing velocity.
- 2000 construction provides a competitive edge versus older local stock, with targeted modernization upside.
- High-income households and moderate rent-to-income dynamics favor retention-focused revenue management.
- 3-mile growth in population and households expands the renter pool and supports long-run demand.
- Risks: owner-leaning tenure limits the renter universe; limited immediate grocery density requires amenity-aware positioning.