| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 55th | Fair |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27 Apple Meadow Rd, Hudson, NY, 12534, US |
| Region / Metro | Hudson |
| Year of Construction | 1989 |
| Units | 83 |
| Transaction Date | 1995-03-29 |
| Transaction Price | $815,000 |
| Buyer | DAAB HUDSON LLC |
| Seller | GREENPORT LLC |
27 Apple Meadow Rd, Hudson NY Multifamily Investment
Stabilized renter demand in Hudson’s A-rated neighborhood, with rising local rents and a balanced renter base, according to WDSuite’s CRE market data, supports steady performance for an 83-unit asset.
Located in Hudson, NY, the property sits in a neighborhood rated A and ranked 3 out of 45 metro neighborhoods, placing it in the top quartile within the metro for overall fundamentals. Local retail and daily-needs access are serviceable, with grocery and pharmacy density positioned above the metro median, helping sustain day-to-day convenience for residents and supporting lease retention.
The area’s housing stock skews older (average vintage 1951 across the neighborhood), which positions a 1989-built community as relatively newer versus much of the competitive set. For investors, that typically means fewer near-term structural capex needs than pre-war properties while still allowing for targeted renovations to drive rent premiums and competitive differentiation.
Tenure patterns indicate a meaningful renter-occupied share at the neighborhood level (35.4% of housing units are renter-occupied). This supports depth of the tenant base for multifamily while maintaining exposure to an ownership presence that can stabilize local dynamics. Neighborhood occupancy is reported at 84.7%; investors can underwrite steady leasing with potential to capture demand through product quality and management execution.
Within a 3-mile radius, demographics show a stable population base with modest recent shifts and projections calling for population growth and an increase in households over the next five years. These trends point to a larger tenant pool over time and support occupancy stability. Meanwhile, rents in the immediate neighborhood have risen materially over the last cycle, and household incomes have advanced, suggesting capacity for continued rent performance when paired with measured value-add improvements and disciplined operations based on commercial real estate analysis from WDSuite.
Neighborhood-level safety data for this area is not published in WDSuite’s dataset at this time. Investors typically benchmark crime trends against the broader metro and county context and confirm on-the-ground conditions with local public sources, property managers, and law enforcement before finalizing underwriting assumptions.
- IBM — technology (26.7 miles)
Built in 1989, this 83-unit community is newer than much of the local housing stock and can compete effectively against older properties while still offering value-add potential through targeted interior and systems upgrades. Neighborhood renter concentration and steady occupancy provide a foundation for demand, while recent rent growth indicates pricing power for well-executed renovations and asset management.
According to CRE market data from WDSuite, the neighborhood ranks among the metro’s stronger locations, with rising local incomes and rents that support ongoing cash flow durability when paired with disciplined leasing and expense control. Forward-looking 3-mile demographic projections point to population growth and more households, which can expand the renter pool and support occupancy stability over the hold period.
- 1989 vintage offers competitive positioning versus older neighborhood stock with value-add upside
- Neighborhood rent growth and rising incomes support achievable premium for renovated units
- Balanced renter-occupied share provides depth of tenant base and leasing durability
- 3-mile projections indicate population and household growth, reinforcing demand and occupancy
- Risks: moderate neighborhood occupancy and limited proximity to large employers may require active leasing strategy