| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 62nd | Fair |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Paul Raihofer Blvd, Valatie, NY, 12184, US |
| Region / Metro | Valatie |
| Year of Construction | 2012 |
| Units | 32 |
| Transaction Date | 2012-04-25 |
| Transaction Price | $167,000 |
| Buyer | VALATIE HOUSING DEVELOPME FUND COMPANY INC |
| Seller | BORDEWICK FARMS LLC |
20 Paul Raihofer Blvd Valatie Multifamily Investment
2012-built, 32-unit asset positioned in a suburban neighborhood with stronger schools and stable neighborhood-level occupancy, according to WDSuite’s CRE market data. The area’s high home values support durable renter demand without relying on aggressive rent assumptions.
Located in Valatie within the Hudson, NY metro, the neighborhood posts an A+ rating (ranked 2 out of 45 metro neighborhoods), signaling strong livability for workforce and family renters. School quality is a notable draw: the average school rating ranks 1 out of 45 locally and sits in the 84th percentile nationally, supporting retention for family-oriented tenants.
Daily needs are reasonably served for a suburban setting. Parks (rank 3 of 45) and childcare access (rank 2 of 45) are strengths, while restaurants are competitive among Hudson neighborhoods (rank 4 of 45). Grocery access is also competitive (rank 13 of 45). Cafe density is limited (rank 45 of 45), which may modestly affect walkable lifestyle appeal; most trips are likely auto-oriented.
At the neighborhood level, occupancy is reported at 85% and has improved over the last five years (rank 11 of 45, top quartile in the metro), though it sits below national medians (28th percentile). Renter-occupied housing comprises roughly one-fifth of units, indicating a smaller but steady tenant base; this tends to favor longer tenures but can slow lease-up if larger blocks of units turn at once.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, supporting a larger tenant base over time. Median household income is healthy for the region, and rent-to-income metrics indicate manageable affordability pressure, which can aid renewal rates. Neighborhood home values trend on the higher side relative to incomes (national 69th percentile for value-to-income), reinforcing reliance on rental housing and supporting multifamily demand.
Relative to local housing stock that skews older (average construction year ranks 39 of 45), a 2012 vintage positions this property competitively versus many nearby assets, with contemporary layouts and systems that can reduce near-term capital exposure while still leaving room for targeted modernization to enhance pricing power.
Neighborhood-level crime statistics are not available in WDSuite for this location. Investors typically benchmark safety by comparing neighborhood trends to county and metro patterns and by reviewing recent property-level measures (access control, lighting, and management practices). As with any acquisition, third-party diligence and local law enforcement data can help establish an accurate risk profile.
Employment access skews toward regional commuters, with proximity to a major technology employer that can support renter demand and renewal stability.
- IBM — technology & corporate offices (17.0 miles)
This 2012-built, 32-unit multifamily asset benefits from a suburban A+ neighborhood profile with top-ranked schools and a renter base supported by elevated ownership costs in the area. Neighborhood occupancy sits in the metro’s top quartile and has improved in recent years; while still below national medians, steady 3-mile population and household growth point to a gradually expanding tenant pool. According to CRE market data from WDSuite, rents in the area remain moderate relative to incomes, which supports renewal rates and reduces near-term affordability pressure.
The newer vintage stands out versus older local stock, offering competitive positioning and potential for selective value-add (interiors, amenities, or energy efficiencies) to enhance rents without over-reliance on outsized growth. Key watch items include a smaller renter-occupied share in the neighborhood and limited amenity density within immediate walking distance, both of which can influence lease-up velocity and marketing strategy.
- 2012 vintage competitive versus older neighborhood stock, with scope for targeted modernization.
- Metro top-quartile neighborhood occupancy with recent improvement supports income stability.
- Elevated home values relative to incomes sustain reliance on rentals and aid retention.
- 3-mile population and household growth expand the tenant base over time.
- Risks: smaller renter-occupied share and limited walkable amenities may slow lease-up for larger turns.