| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 59th | Good |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 39 Lime Ridge Rd, Poughquag, NY, 12570, US |
| Region / Metro | Poughquag |
| Year of Construction | 1989 |
| Units | 29 |
| Transaction Date | 2022-05-26 |
| Transaction Price | $182,500 |
| Buyer | MCCARTNEY ERIK |
| Seller | MURPHY JANET |
39 Lime Ridge Rd, Poughquag NY Multifamily Opportunity
Neighborhood occupancy is high and renter affordability appears favorable, supporting steady leasing fundamentals according to WDSuite’s CRE market data. With a suburban setting and stable demand drivers, the asset’s performance will hinge on capturing a relatively small but consistent renter pool.
Poughquag’s suburban neighborhood scores a B+ and performs above the metro median on several investor-relevant indicators, with neighborhood occupancy measured at the neighborhood level in the top quartile nationally and competitive among the 221 neighborhoods in the Poughkeepsie–Newburgh–Middletown metro. This points to stable tenant retention potential, though leasing velocity will still depend on property positioning and management.
Livability is balanced by limited retail density: cafe and park concentrations are low relative to the metro, while everyday conveniences such as pharmacies rank above the metro median and grocery access is around the middle of the pack. Average school ratings sit modestly above national norms (61st percentile), which can help sustain family-oriented renter demand, though school quality varies by attendance zone.
Tenure dynamics indicate a low share of renter-occupied units locally (near one-eighth of housing stock), which implies a thinner but potentially more stable renter base. Median contract rent for the neighborhood sits above the national median, yet the rent-to-income ratio ranks in the top percentile nationally for affordability, suggesting manageable rent burdens that can support lease retention and measured rent growth management rather than aggressive pricing.
The 1989 vintage is newer than the neighborhood’s typical 1960s housing stock, providing a competitive edge versus older properties while still warranting capital planning for systems modernization and selective value-add improvements. Within a 3-mile radius, demographics from WDSuite indicate modest recent population growth and rising household incomes, with projections calling for more households and larger average household sizes—factors that can expand the local renter pool and support occupancy stability over time.
Home values in the neighborhood are elevated (around the 79th percentile nationally), creating a high-cost ownership market that tends to reinforce reliance on rental housing. For multifamily investors, this can translate into steadier demand and better lease retention when combined with prudent rent-to-income management.
Comparable neighborhood safety data are not available for this location in the current WDSuite release. Investors typically evaluate city and county trend lines as context, then underwrite property-level security, lighting, and design controls to support leasing and retention. If new data are published, comparing the neighborhood’s rank among the 221 metro neighborhoods and national percentiles can help benchmark relative safety without relying on block-level assumptions.
The area is influenced by regional corporate offices that broaden the commuter base and can support steady renter demand. Key employers within commuting distance include Praxair, IBM, EMCOR Group, Frontier Communications, and Xerox.
- Praxair — corporate offices (16.8 miles) — HQ
- IBM — corporate offices (33.4 miles) — HQ
- EMCOR Group — corporate offices (33.8 miles) — HQ
- Frontier Communications — corporate offices (33.9 miles) — HQ
- Xerox — corporate offices (34.0 miles) — HQ
This 29-unit property, built in 1989, competes favorably against older neighborhood stock while leaving room for targeted modernization to enhance positioning. Based on CRE market data from WDSuite, the neighborhood’s occupancy sits in the top quartile nationally and above the metro median among 221 neighborhoods, and rent-to-income indicators point to limited affordability pressure—conditions that can support retention and disciplined rent management.
Within a 3-mile radius, recent trends show modest population growth and strong income gains, with projections calling for more households and larger average household sizes by 2028. Elevated neighborhood home values signal a high-cost ownership market, which typically sustains rental demand and supports stable leasing when paired with thoughtful unit renovations and professional operations. Primary underwriting considerations include the area’s relatively small renter-occupied share and limited amenity density, both of which place a premium on property quality, marketing, and service.
- Neighborhood occupancy is strong versus metro and national benchmarks, supporting stable leasing potential.
- 1989 vintage provides competitive positioning versus older local stock with clear value-add and systems-upgrade pathways.
- High-cost ownership environment reinforces renter reliance, aiding retention and measured pricing power.
- 3-mile demographics point to rising incomes and more households, expanding the tenant base over time.
- Risks: smaller renter-occupied share locally and limited retail/amenity density require focused asset management and leasing execution.