| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 57th | Fair |
| Amenities | 23rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 62 May Hill Rd, Ghent, NY, 12075, US |
| Region / Metro | Ghent |
| Year of Construction | 2007 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
62 May Hill Rd, Ghent NY — 44-Unit Multifamily Investment
Built in 2007, this property offers relatively modern stock for the Hudson, NY area and taps a renter pool supported by elevated ownership costs, according to WDSuite’s CRE market data.
The property sits in a suburban pocket of the Hudson, NY metro with a B+ neighborhood rating and a rank of 13 out of 45 neighborhoods. That positioning is competitive among Hudson neighborhoods, suggesting balanced fundamentals for workforce-oriented apartments.
Livability skews quieter and low-density. Retail and dining are limited nearby, while essential services such as pharmacies have relatively better coverage versus other local areas. For investors, this usually points to car-dependent living with steady, needs-based tenancy rather than amenity-driven leasing.
Renter-occupied housing accounts for a meaningful share of units locally and is competitive among Hudson neighborhoods. This indicates a defined tenant base for multifamily operators, with demand further reinforced by a high-cost ownership market where home values sit above many national peers—conditions that tend to support lease retention and pricing discipline.
Demographic statistics aggregated within a 3-mile radius show recent population growth and an uptick in average household size, with forecasts pointing to additional population and household gains through 2028. For owners, this implies a larger tenant base and potential support for occupancy stability as households expand. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends rank competitive within the metro, though performance trails stronger national cohorts, underscoring the importance of active leasing and renewal management.
Comparable neighborhood-level safety data are limited for this location. Investors typically benchmark conditions against county and metro trends and prioritize on-site measures such as lighting, access controls, and resident engagement to support retention. Where published datasets are available, reviewing multi-year trends rather than one-year snapshots can provide a clearer operating picture.
Regional employment is diversified, with commuters accessing larger job centers. Notable nearby employers include IBM, which can support renter demand from professionals willing to trade longer commutes for suburban living.
- IBM — corporate offices (27.5 miles)
This 44-unit asset, built in 2007, is newer than the area’s older housing stock, offering competitive positioning versus legacy properties while leaving room for targeted modernization to sharpen curb appeal and operating efficiency. According to CRE market data from WDSuite, neighborhood occupancy ranks competitive within the Hudson metro, and a meaningful renter concentration combined with elevated ownership costs supports depth of tenant demand and lease retention.
Demographic statistics within a 3-mile radius point to recent population growth with forecasts indicating further renter pool expansion through 2028. The submarket’s amenity profile is modest but functional, favoring car-based households and steady tenancy over lifestyle-driven turnover—an operating backdrop where disciplined leasing, renewal management, and selective value-add can drive durable results.
- 2007 construction competes well against older local stock with potential for targeted value-add
- Renter-occupied share and high-cost ownership market support demand depth and retention
- 3-mile demographics show population growth and a projected renter pool expansion through 2028
- Competitive metro-level occupancy positioning per WDSuite, with room to improve via leasing discipline
- Risk: amenity-light, car-dependent location and distance to major job nodes may temper lease-up velocity