| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 45th | Poor |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 593 Bross St, Cairo, NY, 12413, US |
| Region / Metro | Cairo |
| Year of Construction | 1985 |
| Units | 21 |
| Transaction Date | 2013-12-06 |
| Transaction Price | $463,000 |
| Buyer | TRIPSAS CHRIST |
| Seller | CELESTE GARY |
593 Bross St, Cairo NY — 21-Unit 1985 Multifamily
Positioned in a rural Greene County submarket, this 21-unit asset offers durable workforce housing dynamics with moderate renter demand and comparatively newer vintage for the area, according to WDSuite’s CRE market data and commercial real estate analysis.
The property sits in a Rural neighborhood of Cairo within Greene County. Local services are limited and residents typically rely on driving for daily needs. Amenity density ranks below the metro median among 37 neighborhoods, signaling a quieter setting that can appeal to tenants prioritizing space and value over walkability.
Neighborhood occupancy is above the metro median but trails national benchmarks, per WDSuite’s CRE market data. This suggests steady but measured demand, where disciplined leasing and unit turns are important for maintaining performance. Renter concentration is roughly one-quarter of housing units, indicating a smaller but identifiable renter-occupied base that can support multifamily absorption at the right price points.
Home values in the area are elevated relative to local incomes versus many U.S. neighborhoods (value-to-income near the top-third nationally). That ownership cost profile can support renter reliance on multifamily housing and help sustain lease retention, while the neighborhood’s rent-to-income positioning indicates manageable affordability pressure for tenants.
The asset’s 1985 construction is newer than the neighborhood’s typical housing stock (1970s average). This vintage can be competitively positioned versus older properties, though investors should still plan for modernization of systems and interiors to support rentability and tenant retention over a long hold.
Comparable neighborhood-level crime data is not available from WDSuite for this location. Investors commonly benchmark Greene County and statewide trends, evaluate recent incident trajectories, and verify property-level security measures to contextualize safety alongside leasing and retention assumptions.
- IBM — technology & corporate offices (26.2 miles)
Regional employers within commuting distance contribute to a diversified workforce draw for renters; the list below reflects a key corporate presence accessible by car from Cairo.
This 21-unit property offers a straightforward workforce housing thesis: a relatively newer 1985 vintage for the area, a renter base that is present though not deep, and ownership costs that encourage continued renter reliance. Based on CRE market data from WDSuite, neighborhood occupancy trends are above the metro median but below national norms, pointing to stable yet management-sensitive operations where leasing execution and renewal strategy matter.
The rural setting implies limited amenity density and car-dependent living, but also reduced competitive supply pressures nearby. Value-add improvements focused on livability and operating reliability (systems, unit finishes, convenience features) can enhance rentability versus older comparables while keeping affordability aligned with local incomes.
- 1985 construction provides a competitive edge versus older local stock with targeted modernization upside.
- Neighborhood occupancy above metro median supports operational stability with attentive leasing and renewals.
- Elevated ownership costs in the area reinforce renter reliance, aiding tenant retention and pricing power management.
- Rural location limits amenity density, so demand capture depends on value positioning and asset upkeep.