| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 77th | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 119 Rockefeller Rd, Delmar, NY, 12054, US |
| Region / Metro | Delmar |
| Year of Construction | 1990 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
119 Rockefeller Rd, Delmar NY — Suburban Multifamily Investment
Neighborhood fundamentals point to steady renter demand and high occupancy for the surrounding area, according to WDSuite’s CRE market data. Metrics cited below reflect neighborhood and 3-mile context, not this specific property.
Located in Delmar within the Albany–Schenectady–Troy metro, the neighborhood is rated A and ranks 44th of 295 metro neighborhoods, placing it above the metro median for overall performance. WDSuite indicates the neighborhood occupancy is about 98.1% (top-quartile among 295 metro neighborhoods), suggesting stable leasing conditions at the submarket level; this is a neighborhood metric, not the property’s occupancy.
The area skews suburban with a balanced amenity mix. Dining density compares well nationally (restaurants around the 71st percentile and cafés near the 78th percentile), while grocery access trends near mid-pack (about the 58th percentile). Immediate park and pharmacy counts are limited in the neighborhood, which can influence lifestyle convenience and should be considered in positioning. Schools score strongly (average rating 4.0; 8th of 295 metro neighborhoods and roughly the 84th percentile nationally), a positive signal for family-oriented renters and retention.
Tenure patterns vary by geography: within the neighborhood, an estimated 25% of housing units are renter-occupied, indicating a predominantly owner-occupied pocket; across the 3-mile radius, renter-occupied share is closer to 46%, pointing to a larger surrounding tenant base that can support leasing. Median household income in the neighborhood ranks high (about the 92nd percentile nationally), which can support rent collections and renewal potential.
Demographics aggregated within a 3-mile radius show recent population and household growth, with projections calling for further expansion over the next five years. This expansion suggests a larger tenant base over time and supports occupancy stability. Neighborhood rent levels have risen over the last cycle, and with a rent-to-income ratio near 0.10 in the neighborhood, lease management can prioritize measured rent steps while monitoring affordability pressure.
Vintage also matters for competitive positioning. The average neighborhood construction year skews older (mid-1970s), while this asset’s 1990 vintage is comparatively newer than much of the nearby stock—helping on curb appeal and functionality—though targeted system upgrades or common-area refreshes may still be prudent for modernization.
Comparable neighborhood safety figures are not available in WDSuite for this location. Investors typically benchmark property-level conditions against metro and city trends and supplement with public sources and on-the-ground observations to assess operating risk and insurance considerations.
Proximity to regional corporate employment supports renter demand through commute convenience. Representative nearby employer includes IBM.
- IBM — technology services (2.9 miles)
This 37-unit, 1990-vintage property offers a relatively newer profile than much of the surrounding housing stock, with average unit sizes over 1,000 square feet that can enhance livability and renewal prospects. Neighborhood-level occupancy trends are strong and dining/amenity access is competitive, while high household incomes support collections and measured rent steps. Based on commercial real estate analysis from WDSuite, the neighborhood’s rent-to-income context is favorable for prudent revenue management, though investors should track affordability pressure and lease retention carefully.
The immediate neighborhood is more owner-occupied, but the broader 3-mile area shows a deeper renter pool and projected growth in households—factors that can sustain leasing velocity. Modernization initiatives (select interiors, common areas, and building systems) can further differentiate the asset versus older nearby stock, while acknowledging potential risks from limited nearby parks/pharmacies and the relative accessibility of homeownership that may create some competition for higher-earning households.
- 1990 vintage is newer than much of the area’s housing, supporting competitive positioning with targeted upgrades
- Neighborhood occupancy trends in the top quartile among 295 metro neighborhoods indicate leasing stability (neighborhood metric)
- High local incomes and favorable rent-to-income context support prudent rent growth and collections
- 3-mile renter base and projected household growth expand the tenant funnel and support renewal potential
- Risks: limited nearby parks/pharmacies and more accessible ownership options may compete for some demand