| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 67th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 34 New Scotland Ave, Feura Bush, NY, 12067, US |
| Region / Metro | Feura Bush |
| Year of Construction | 1993 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
34 New Scotland Ave, Feura Bush, NY Multifamily Investment
Neighborhood occupancy is solid and renter affordability is favorable, pointing to steady leasing conditions, according to WDSuite’s CRE market data. In a rural pocket of Albany County, the asset’s position benefits from high household incomes and measured rent levels that support retention.
Located in a rural part of the Albany-Schenectady-Troy, NY metro, the neighborhood shows resilient fundamentals for multifamily investors. Neighborhood occupancy is reported at 96.2% (for the neighborhood, not the property), which is competitive among Albany-Schenectady-Troy neighborhoods (ranked 83 of 295) and sits in the top quartile nationally. Based on CRE market data from WDSuite, that occupancy stability can help support income consistency even as leasing velocity varies seasonally.
Local amenity density is limited (few cafés, grocery stores, or parks), consistent with the area’s rural designation. Investors should underwrite with an emphasis on on-site convenience and parking, as resident trips for daily needs likely involve short drives to nearby town centers rather than walkable retail.
Within a 3-mile radius, the share of housing units that are renter-occupied is about one-third, providing a defined but selective tenant base. Households have high median incomes relative to national norms and the rent-to-income ratio in the neighborhood ranks in a strong national percentile, which supports lease retention and reduces near-term affordability pressure. Median home values are moderate for the region and the value-to-income ratio sits in a lower national percentile, indicating a more accessible ownership market; this can temper pricing power, so positioning on quality and convenience is important.
Demographic statistics aggregated within a 3-mile radius indicate modest population softening in recent years alongside growth in household counts and smaller average household sizes. Looking forward, projections point to an increase in households, which can expand the renter pool and support occupancy stability if product aligns with local preferences.
Comparable, verified neighborhood-level safety data was not available in the current WDSuite dataset for this location. Investors often benchmark incident trends against metro averages and peer rural submarkets when data becomes available, focusing on multi-year direction rather than short-term fluctuations.
- IBM — technology offices (8.1 miles)
Built in 1993, the 24-unit property offers a relatively newer vintage versus much of the local housing stock, which can be competitive against older inventory while still benefiting from targeted modernization to drive rents and reduce near-term capital surprises. Small average unit sizes (~434 sq. ft.) suggest efficiency layouts that can appeal to cost-conscious renters if finishes and common areas are maintained. According to CRE market data from WDSuite, neighborhood occupancy is competitive within the metro and in the top quartile nationally, and household incomes in the area support a low rent-to-income burden—both positives for cash flow durability.
The submarket’s rural profile means limited walkable amenities, so on-site functionality and parking are key to retention. Homeownership appears relatively accessible in the broader area, which may cap rent growth outperformance; however, 3-mile demographics show growth in household counts and a meaningful renter-occupied presence, indicating a stable, needs-based tenant base if pricing remains disciplined. Targeted value-add (cosmetic upgrades, efficiency improvements) can help differentiate without relying on aggressive rent premiums.
- Competitive neighborhood occupancy supports leasing stability
- 1993 vintage with potential for targeted renovations to enhance positioning
- High local incomes and low rent-to-income burden support retention
- Household growth within 3 miles expands the tenant base over time
- Risks: limited amenity density and relatively accessible ownership may temper pricing power