| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 29th | Poor |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 N Perry St, Poughkeepsie, NY, 12601, US |
| Region / Metro | Poughkeepsie |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | 2013-12-20 |
| Transaction Price | $2,765,000 |
| Buyer | 15037 Victory LLC |
| Seller | --- |
20 N Perry St, Poughkeepsie Multifamily Investment
Neighborhood occupancy is steady and renter demand is deep for workforce housing, according to WDSuite’s CRE market data. This supports durable cash flow potential while leaving room for selective upgrades to compete with older local stock.
Located in Poughkeepsie’s Urban Core, the property sits in a renter-driven neighborhood with a high share of renter-occupied housing units (indicating a broad tenant base for multifamily). Neighborhood occupancy trends are above the metro median among 221 neighborhoods, pointing to demand that supports leasing stability.
Daily-life amenities are comparatively strong: restaurant and cafe density rank well nationally, and parks access also scores high. Childcare availability rates at the top end nationwide, which can aid household retention. One trade-off is limited pharmacy presence, which may require residents to travel slightly farther for prescriptions.
The building was constructed in 1985, newer than much of the area’s older housing stock. That positioning can be competitive versus pre-war inventory, while investors should still plan for targeted system updates or common-area refreshes to maintain appeal and support pricing power.
Within a 3-mile radius, recent data show modest population growth alongside an increase in households, and projections point to further expansion over the next five years. This trajectory suggests a larger renter pool over time, reinforcing demand for well-maintained units and supporting occupancy stability.
Ownership costs in the neighborhood are moderate relative to many coastal markets, which helps sustain reliance on rental housing. At the same time, rent-to-income metrics indicate some affordability pressure for renters; thoughtful lease management and value proposition will be important for retention and renewal outcomes.
Safety indicators present a mixed picture. Compared with the 221 neighborhoods in the Poughkeepsie–Newburgh–Middletown metro, the area trends below the metro average for safety. Nationally, however, property offense measures compare very favorably (top percentile), and violent offense metrics are above the national median.
Recent year-over-year estimates indicate material declines in both property offenses (down roughly two-thirds) and violent offenses (down by about one-third). While neighborhood-to-neighborhood variation can be meaningful, these directional improvements support a cautiously constructive view when underwriting operations and retention.
Commuting access links residents to major Hudson Valley and Westchester employers, supporting renter demand from diversified sectors represented by industrial gases, consumer goods, and technology.
- Praxair — industrial gases (30.3 miles) — HQ
- PepsiCo — consumer goods (42.3 miles)
- IBM — technology & services (42.8 miles) — HQ
20 N Perry St offers exposure to a renter-centric Urban Core where neighborhood occupancy is above the metro median and amenity access is competitive. The 1985 vintage positions the asset ahead of much older local stock, with potential to capture value through targeted renovations and modernization. According to commercial real estate analysis from WDSuite, the surrounding area shows household growth within a 3-mile radius, suggesting a gradually expanding tenant base that can support leasing stability.
Investors should balance these strengths with practical considerations: metro-relative safety readings are weaker than peers even as national comparisons and recent year-over-year declines are constructive; rent-to-income dynamics imply real but manageable affordability pressure, emphasizing the importance of careful renewal and expense management.
- Above-metro-median neighborhood occupancy and strong renter concentration support demand depth
- 1985 vintage offers competitive positioning versus older stock with selective value-add potential
- Amenity access (food, cafes, parks; strong childcare) aids retention, with limited pharmacy access a known trade-off
- 3-mile household growth and projected expansion point to a larger renter pool over time
- Key risks: below-metro-average safety readings and renter affordability pressure require disciplined leasing and expense control