| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 61st | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 214 West Rd, Pleasant Valley, NY, 12569, US |
| Region / Metro | Pleasant Valley |
| Year of Construction | 1985 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
214 West Rd Pleasant Valley Multifamily Investment
Steady neighborhood occupancy and a sizable renter-occupied base point to durable leasing fundamentals, according to WDSuite’s CRE market data. Affordability appears manageable relative to local incomes, supporting retention and cash flow stability.
The property sits in an A-rated suburban neighborhood of the Poughkeepsie–Newburgh–Middletown metro, ranking 19 out of 221 neighborhoods — a top quartile position that signals competitive fundamentals for multifamily investors. Neighborhood occupancy is high, and the share of housing units that are renter-occupied is elevated, indicating depth in the tenant base and support for ongoing leasing.
Local incomes benchmark above national norms, while neighborhood rent levels trend on the higher side; together with a relatively low rent-to-income ratio (neighborhood metric), this suggests pricing power with moderated affordability pressure rather than overextension. Median home values are elevated versus national comparables, which generally sustains reliance on rental housing and supports lease retention in the submarket.
Livability is balanced: grocery, parks, and everyday services track around the national middle to upper-middle percentiles, while cafes are sparse. Average school ratings in the neighborhood sit below national medians, which investors may factor into marketing and tenant mix strategies.
Within a 3-mile radius, population and household counts have increased and are projected to expand further, pointing to renter pool expansion and support for occupancy stability. The neighborhood’s average construction year trends older, and this 1985 vintage asset is newer than much of the surrounding stock — a relative competitive advantage that may still warrant system modernization and selective renovations to drive rents and reduce long-term capital needs.
Safety indicators are mixed but generally favorable in broader context. Compared with neighborhoods nationwide, the area trends above the national median for safety — including top-quartile positioning on several offense categories — which supports tenant retention and leasing stability. Within the Poughkeepsie–Newburgh–Middletown metro, however, the neighborhood’s crime rank sits closer to the higher-crime end among 221 neighborhoods, so performance versus local peers may be below the metro median. Investors should underwrite with these relative comparisons in mind rather than block-level assumptions.
Regional employment in industrial gases is accessible within commuting distance, reinforcing a diversified renter catchment across the Hudson Valley. The employer listed below reflects a potential draw for workforce renters at a regional scale.
- Praxair — industrial gases (29.8 miles) — HQ
Built in 1985, this 20-unit asset is newer than much of the surrounding housing stock, offering competitive positioning versus older properties while leaving room for targeted upgrades. Neighborhood metrics point to durable demand: high occupancy, a meaningful renter-occupied share, elevated home values that sustain reliance on rentals, and a low neighborhood rent-to-income ratio that supports retention. Population and household growth within a 3-mile radius further indicate a larger tenant base over time. These dynamics align with steady operations, according to CRE market data from WDSuite.
Key considerations include below-median school ratings and metro-relative safety standing, which may influence tenant mix and marketing. Amenity density is serviceable but not destination-oriented, suggesting value creation through on-site enhancements and efficient operations rather than dependence on neighborhood lifestyle draws.
- Competitive 1985 vintage versus older neighborhood stock, with value-add and modernization upside
- High neighborhood occupancy and sizable renter-occupied share support leasing stability
- Elevated ownership costs and manageable rent-to-income dynamics underpin retention and pricing power
- 3-mile population and household growth signal expanding renter pool over the medium term
- Risks: below-median school ratings, metro-relative safety ranking, and moderate amenity depth