| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 61st | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 199 West Rd, Pleasant Valley, NY, 12569, US |
| Region / Metro | Pleasant Valley |
| Year of Construction | 2005 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
199 West Rd Pleasant Valley Multifamily Investment Opportunity
Neighborhood occupancy trends sit above the metro median, supporting steady leasing potential for an 80-unit, 2005-built asset, according to WDSuite’s CRE market data. Elevated ownership costs in Dutchess County further sustain renter demand in this suburban pocket.
Pleasant Valley’s suburban setting combines everyday conveniences with manageable density. Amenity access is competitive among Poughkeepsie–Newburgh–Middletown neighborhoods, with grocery, parks, and pharmacies near metro medians, while café density is limited. Average school ratings trend below national medians, which may matter for family-oriented leasing, but proximity to services supports day-to-day livability.
For investors, neighborhood occupancy is above the metro median among 221 neighborhoods, a positive indicator for cash-flow stability at the submarket level. Renter-occupied housing concentration sits in the top quartile among 221 metro neighborhoods, pointing to a deeper tenant pool and consistent demand for multifamily units. Neighborhood NOI per unit benchmarks fall in high national percentiles, reinforcing the area’s income profile, based on CRE market data from WDSuite.
The property’s 2005 vintage is newer than the area’s older housing stock (average vintage mid-20th century), enhancing competitive positioning versus legacy inventory. Investors should still plan for mid-life building systems and common-area refreshes typical of assets of this age when considering value-add or capital planning.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections indicating further expansion through 2028. Rising incomes in the area and a rent-to-income landscape that suggests manageable affordability pressure support tenant retention and leasing velocity, while elevated home values for the region tend to reinforce reliance on rental housing rather than ownership.
Safety indicators show a mixed but manageable picture. Within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood’s crime rank (13 out of 221) indicates higher crime relative to many local peers. Nationally, however, overall safety measures land above the median, with property offense metrics in particularly strong national percentiles, while violent offense indicators trend better than national averages but warrant monitoring.
Recent trends point to a modest decline in property offense rates year over year alongside a one-year uptick in violent offense activity. For investors, this underscores the importance of active property management, lighting and access controls, and resident engagement to support retention and leasing stability over time.
Regional employment access includes advanced materials and industrial gases, supporting a skilled workforce that can underpin renter demand even if commutes are car-oriented.
- Praxair — industrial gases (29.7 miles) — HQ
Built in 2005 with 80 units, the property competes favorably against older neighborhood stock while offering room for selective modernization typical of mid-life assets. Neighborhood occupancy sits above the metro median and renter-occupied housing is top quartile among 221 neighborhoods, signaling a broader tenant base and support for stable leasing. According to commercial real estate analysis from WDSuite, neighborhood income performance and high national-percentile NOI benchmarks align with durable demand drivers, while elevated ownership costs in Dutchess County tend to sustain rental reliance.
Within a 3-mile radius, recent and projected growth in population and households expands the renter pool and supports occupancy stability. Amenity depth is serviceable though not destination-driven, and average school ratings below national medians and metro-relative crime pressure are considerations that professional management and targeted capital planning can address.
- 2005 vintage outperforms older local stock, with mid-life systems creating clear value-add planning opportunities.
- Neighborhood occupancy above the metro median and top-quartile renter concentration support leasing durability.
- Strong neighborhood income/NOI benchmarks and elevated ownership costs reinforce rental demand.
- 3-mile demographics indicate a growing renter base, supporting retention and pricing power over time.
- Risks: below-median school ratings, limited café density, and metro-relative crime pressure require active management and thoughtful leasing strategy.