| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 82nd | Best |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 N Front St, Hudson, NY, 12534, US |
| Region / Metro | Hudson |
| Year of Construction | 1979 |
| Units | 112 |
| Transaction Date | 2010-01-12 |
| Transaction Price | $4,500,000 |
| Buyer | HALF MOON TERRACE LP |
| Seller | HUDSON TERRACE ASSOCIATES LIMITED PART. |
15 N Front St Hudson Multifamily Investment Opportunity
Elevated home values in the neighborhood support durable renter demand and lease retention, according to WDSuite s CRE market data, while nearby dining and grocery density adds day-to-day convenience for residents.
Located at 15 N Front St in Hudson, the property sits in an Inner Suburb neighborhood that ranks competitively among the 45 Hudson, NY metro neighborhoods for overall livability (A+ neighborhood rating). Dining and grocery access are standouts: restaurant density is in the top decile nationally and grocery availability is near the top nationally, supporting daily convenience and helping properties capture lifestyle-driven renter demand.
The neighborhood s share of renter-occupied housing units is above most Hudson-area neighborhoods, indicating a deep tenant base that can support multifamily absorption and renewal activity. Neighborhood occupancy is measured for the neighborhood and not the property; current readings indicate softer occupancy locally versus national norms, so disciplined leasing and amenity positioning may be important to sustain performance.
Construction vintage in the surrounding housing stock skews older (early 1900s on average), while this asset s 1979 vintage is newer than much of the competitive set. For investors, that can improve relative positioning versus older walk-up stock, though systems modernization and targeted renovations may still be relevant for a 1970s asset.
Within a 3-mile radius, demographics show modest population growth historically with a forecasted increase and a shift toward smaller household sizes. This points to a larger tenant base and potential demand for smaller floorplans, supporting occupancy stability and steady leasing. Median home values in the neighborhood are elevated compared with national norms, which tends to sustain reliance on rental housing and can bolster pricing power for well-managed assets. Rent-to-income levels locally suggest manageable affordability pressure, which can aid renewal rates and reduce turnover risk.
Neighborhood safety metrics specific to this location are not available in the current WDSuite dataset. Investors commonly benchmark neighborhood-level trends against broader Hudson, NY and county contexts and incorporate on-the-ground diligence (management feedback and recent incident trends) to assess resident sentiment and potential impacts on leasing and retention.
Regional employment access is anchored by corporate offices reachable by highway, supporting commuter convenience and a broad renter catchment. The list below highlights a nearby corporate employer relevant to the area s renter base.
- IBM Corporate offices (27.1 miles)
This 112-unit, 1979-vintage asset benefits from a renter-heavy neighborhood, strong food and grocery amenity density, and a high-cost ownership landscape that tends to reinforce multifamily demand. Based on CRE market data from WDSuite, neighborhood occupancy has been softer than national levels, highlighting the importance of thoughtful renovations and active leasing to capture demand from a deep renter pool and maintain stabilization.
Forward-looking 3-mile demographics indicate population growth and smaller household sizes, which can expand the renter pool and support absorption for studios and one-bedrooms. Given the property s relative vintage advantage versus older neighborhood stock, targeted capital improvements may position it competitively for retention and rent optimization while acknowledging leasing risk tied to submarket occupancy.
- Renter-occupied concentration supports a deep tenant base and renewal potential.
- Elevated ownership costs locally sustain reliance on rentals and pricing power for well-managed units.
- Strong restaurant and grocery density enhances livability and leasing velocity.
- 1979 vintage offers value-add and systems modernization opportunities versus older nearby stock.
- Risk: Neighborhood occupancy trends are softer; execution relies on targeted renovations, amenity positioning, and disciplined leasing.