| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 82nd | Best |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 310 Union St, Hudson, NY, 12534, US |
| Region / Metro | Hudson |
| Year of Construction | 1974 |
| Units | 25 |
| Transaction Date | 2022-05-01 |
| Transaction Price | $2,350,000 |
| Buyer | HUDSON GDNS ASSOC LLC |
| Seller | HEALY MEADOWS INC |
310 Union St, Hudson NY Multifamily Holding with Demand Tailwinds
High home values and a solid renter base in Hudson support durable leasing potential, according to WDSuite’s CRE market data, while submarket vacancy trends warrant attentive asset management.
Hudson’s core scores well for daily needs and dining depth. Restaurant density ranks 1st among 45 metro neighborhoods and sits in the 96th percentile nationally, and grocery access also ranks 1st locally and in the 98th percentile nationwide, according to WDSuite. In contrast, parks, pharmacies, cafes, and childcare offerings are limited in this immediate area (ranks near the bottom among 45), which may shift the resident profile toward households prioritizing walkable food/retail over green space or family-oriented amenities.
Neighborhood-level tenure data shows a renter-occupied share around half of housing units (ranked 1st among 45 and 89th percentile nationally), indicating a deep tenant base for multifamily. At the same time, neighborhood occupancy is below national norms (10th percentile nationally), signaling elevated vacancy locally; investors should underwrite to competitive lease-up dynamics and asset differentiation rather than assuming full stabilization.
Relative pricing context reinforces rental demand: home values rank 1st among 45 and are in the 91st percentile nationally, suggesting a high-cost ownership market that can sustain reliance on rentals and support lease retention. Rent-to-income appears manageable by national standards (12th percentile nationally), which can help with renewal conversion and reduce affordability-related turnover risk.
Property vintage is 1974, while the neighborhood’s average construction year skews much older (1905; rank 44 of 45 and 1st percentile nationally). This positions the asset as newer than much of the local stock, typically improving competitive standing versus prewar buildings. However, systems at this age may still benefit from targeted renovations or capital upgrades to support rent positioning. Within a 3-mile radius, demographics show modest recent population growth with forecasts pointing higher household counts over the next five years; this implies a gradually expanding renter pool that can support occupancy stability.
Overall neighborhood quality is strong (A+; neighborhood rank 1 of 45). On a relative basis, demographics rank 7 of 45 (competitive among Hudson neighborhoods), aligning with investor expectations for resilient demand, even as occupancy data suggests the need for deliberate leasing strategy and amenity execution. These dynamics align with disciplined commercial real estate analysis focused on pricing power and tenant retention rather than outsized growth assumptions.
Comparable, neighborhood-level safety metrics are not available in the current WDSuite feed for this location. Investors typically contextualize subject-level risk by reviewing city and county trends, property-specific incident history, and management practices, and by comparing those indicators with nearby neighborhoods across the Hudson metro.
Regional employment access is diversified at the metro scale, with notable corporate presence that supports commuter demand. The following nearby employer illustrates broader white-collar depth reachable from Hudson.
- IBM — technology & corporate offices (27.5 miles)
310 Union St offers a 1974-vintage, small-scale multifamily opportunity positioned newer than much of Hudson’s historic housing stock. High home values and a renter-occupied share around half of units in the neighborhood point to durable rental reliance, while dining and grocery density strengthen lifestyle appeal. According to CRE market data from WDSuite, neighborhood occupancy trends sit below national norms, so execution around renovations, unit finishes, and leasing strategy will be important to capture demand at targeted rents.
Within a 3-mile radius, demographics indicate steady recent growth with forecasts calling for additional households, suggesting a gradually expanding tenant base. Affordability pressure appears manageable relative to income, supporting retention, though limited park and childcare infrastructure nearby may narrow the target renter profile. Overall, the asset’s relative vintage advantage and strong local pricing context create a believable pathway to stable cash flow with disciplined operations.
- Newer-than-local-stock (1974) positioning versus predominantly prewar housing
- High-cost ownership market supports sustained renter reliance and lease retention
- Strong restaurant and grocery density enhances resident convenience and demand
- Growing 3-mile household base supports a larger tenant pool over time
- Risk: below-national neighborhood occupancy and limited park/childcare options require focused leasing and amenity strategy