| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 58th | Fair |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 402 Rocky Glen Rd, Beacon, NY, 12508, US |
| Region / Metro | Beacon |
| Year of Construction | 2008 |
| Units | 82 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
402 Rocky Glen Rd Beacon Multifamily Opportunity
Occupancy in the surrounding neighborhood trends above the metro median, supporting stable leasing for an 82‑unit asset, according to WDSuite s CRE market data. Steady renter demand and a relatively high-cost ownership market provide a durable backdrop for income performance.
Beacon s suburban setting offers a balanced renter base and steady fundamentals for multifamily. Neighborhood occupancy ranks above the metro median (73rd national percentile), suggesting resilience through cycles, while median rents sit higher than many U.S. neighborhoods. At the same time, amenity density is closer to the metro middle parks score well relative to peers, but cafes, pharmacies, and restaurants are less concentrated nearby a consideration for resident convenience and marketing.
Within a 3-mile radius, population has expanded over the past five years with further growth projected, and household counts are rising faster than population a sign of smaller household sizes and a larger tenant base for multifamily. Rising household incomes in the 3-mile area support ability-to-pay, which can aid retention and reduce lease‑up friction as units turn. Neighborhood school ratings average below the national median, which may matter for family‑oriented renters but is less critical for typical workforce or lifestyle segments.
Ownership costs in the neighborhood are relatively elevated versus incomes (high national percentile for value to income), which tends to sustain reliance on rental housing and supports pricing power when managed carefully. Rent-to-income levels are comparatively manageable, indicating affordability pressure is not severe a constructive factor for lease renewals and bad debt control. Compared with the metro, the neighborhood s overall rating is B+ and its rank places it above the median among 221 metro neighborhoods, offering competitive fundamentals without urban core volatility.
Vintage context matters: the average neighborhood construction year skews mid‑20th century, which positions a 2008 asset as newer stock that can compete effectively against older properties on systems and finishes; investors should still plan for periodic modernization to maintain positioning against fresh deliveries.
Comparable neighborhood crime metrics were not available in WDSuite s dataset for this location. Investors often benchmark city and county trend lines and compare them with peer submarkets to contextualize on site security needs and leasing impacts. Absent direct rankings, a prudent approach is to track management KPIs (renewal rates, delinquency, incident reports) alongside regional safety trends.
Regional employers within commuting range help underpin renter demand, with proximity to industrial, consumer, and technology corporate offices that support workforce housing and retention. Key nearby anchors include Praxair, PepsiCo, IBM, Ascena Retail Group, and Synchrony Financial.
- Praxair industrial gases corporate offices (22.8 miles) HQ
- PepsiCo consumer goods corporate offices (29.9 miles)
- IBM technology (30.8 miles) HQ
- Ascena Retail Group apparel retail (33.4 miles) HQ
- Synchrony Financial consumer finance (35.2 miles) HQ
Built in 2008, this 82 unit property is materially newer than the area s mid century housing stock, offering competitive positioning versus older assets while leaving room for targeted upgrades over time. Neighborhood occupancy trends above the metro median and rents benchmark higher than many U.S. neighborhoods, supporting a case for income stability. Within a 3-mile radius, population and households are growing while average household size declines, expanding the renter pool and underpinning demand for well managed multifamily.
According to CRE market data from WDSuite, the neighborhood shows a relatively high value to income ownership profile, which tends to reinforce rental demand and retention. Rent-to-income indicators remain comparatively manageable, suggesting room for disciplined pricing without unduly elevating turnover risk. Amenity density is mixed parks are a strength, while cafes, pharmacies, and restaurants are thinner so on site features and management execution become important differentiators.
- 2008 vintage competes well against older neighborhood stock; plan selective upgrades to maintain edge
- Occupancy above metro median supports cash flow durability and lowers lease up risk
- 3 mile population and household growth expand the tenant base and support renewal rates
- Elevated ownership costs sustain rental reliance; rent-to-income levels remain comparatively manageable
- Risk: amenity density and school ratings trail national medians, making on site offerings and operations more critical