| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 56th | Fair |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 29 Mason Cir, Beacon, NY, 12508, US |
| Region / Metro | Beacon |
| Year of Construction | 2006 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
29 Mason Cir Beacon NY Multifamily Investment — 88 Units
Neighborhood occupancy is above the metro median and renter-occupied housing is substantial, supporting steady tenant demand, according to CRE market data from WDSuite. Built in 2006, the asset offers relatively newer product in a submarket of older stock, which can enhance leasing competitiveness.
Beacon’s neighborhood scores are competitive among Poughkeepsie–Newburgh–Middletown neighborhoods (ranked 35 out of 221), with parks access in the top percentile nationally and grocery options strong relative to both metro and national benchmarks. Childcare density also compares favorably, while cafes and pharmacies are limited—factors investors should consider for resident convenience.
The neighborhood’s occupancy rate trends above the metro median (ranked 106 of 221), indicating generally resilient renter demand in the area rather than at the property itself. Renter concentration is competitive among metro peers (ranked 46 of 221) and sits in a high national percentile, suggesting a deep base of renter-occupied units that can support leasing stability.
Within a 3-mile radius, households have grown and are projected to rise further through 2028, even as average household size trends smaller. This pattern typically expands the renter pool and supports absorption of smaller formats, contributing to occupancy stability and renewal prospects.
Home values are elevated compared with national norms, reinforcing continued reliance on multifamily rentals and supporting pricing power when managed alongside rent-to-income levels. Average school ratings are on the lower side locally, which may matter for family-oriented tenants, but parks access and everyday retail help balance overall livability. These insights are grounded in WDSuite’s commercial real estate analysis for the neighborhood and metro context.
Safety indicators compare favorably against national benchmarks overall, with the neighborhood landing above the national median. Property offenses sit in a strong national percentile, indicating comparatively lower reported property crime than many U.S. neighborhoods.
At the metro level (Poughkeepsie–Newburgh–Middletown, 221 neighborhoods total), the area’s safety profile is competitive among peers rather than top-tier. Recent year-over-year trends show some volatility in reported violent incidents, so investors should monitor momentum and rely on current, local reporting when underwriting.
The employment base within commuting range blends industrial, consumer, and technology employers that support renter demand and retention through diversified job access. The list below highlights nearby corporate offices relevant to workforce housing demand in the corridor.
- Praxair — industrial gases (23.2 miles) — HQ
- PepsiCo — food & beverage (29.3 miles)
- IBM — technology & services (30.3 miles) — HQ
- Ascena Retail Group — retail apparel holding company (32.5 miles) — HQ
- Synchrony Financial — consumer finance (35.0 miles) — HQ
Constructed in 2006, 29 Mason Cir offers newer product relative to a neighborhood where the average vintage skews early 20th century, which can reduce near-term capital expenditure needs while remaining mindful of mid-life systems planning. Neighborhood occupancy sits above the metro median and renter concentration is competitive among peers, supporting a stable tenant base and consistent leasing, based on CRE market data from WDSuite.
Within a 3-mile radius, household counts have increased and are projected to rise further as average household size trends smaller—dynamics that typically expand the renter pool and support occupancy stability. Elevated home values in the area reinforce reliance on multifamily housing, while rent-to-income readings indicate manageable affordability pressure that can aid renewal rates and pricing power. Risks to underwrite include uneven school ratings, amenity gaps in select daily-needs categories, and recent safety trend volatility.
- 2006 vintage offers relative competitiveness versus older local stock, with capital planning focused on mid-life systems
- Neighborhood occupancy above metro median and strong renter-occupied share support leasing stability
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption
- Elevated ownership costs in the area bolster reliance on rentals, aiding retention and pricing power
- Risks: uneven school ratings, limited cafes/pharmacies nearby, and short-term volatility in safety indicators