| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 48th | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 71 Klingermann Dr, Cairo, NY, 12413, US |
| Region / Metro | Cairo |
| Year of Construction | 1984 |
| Units | 28 |
| Transaction Date | 2005-07-27 |
| Transaction Price | $85,000 |
| Buyer | BENEDETTO INGRID |
| Seller | CATSKILL MT EXPORTS INC |
71 Klingermann Dr, Cairo NY — 28-Unit Multifamily
1984 vintage provides a relative age advantage over older local stock, and the neighborhood s 38.5% renter-occupied share supports a steady tenant base, according to WDSuite s CRE market data.
Located in suburban Cairo, this asset benefits from neighborhood fundamentals that are competitive within Greene County. The neighborhood carries an A rating and ranks 4th out of 37 metro neighborhoods placing it in the top tier locally. Renter demand is supported by a 38.5% share of housing units that are renter-occupied, indicating depth in the tenant base and potential for stable leasing.
Everyday services are accessible: restaurant density ranks 2nd among 37 metro neighborhoods (strong locally and in the upper tier nationally), and pharmacy access ranks 1st out of 37. Grocery options are also relatively available (3rd of 37). On the other hand, cafes and parks are limited within the immediate neighborhood, which investors should consider when positioning amenities and marketing.
School quality trends modestly above many metro peers (average rating near the upper half locally, ranked 2nd of 37), which can support retention for family renters. Neighborhood occupancy has trended upward over the past five years, a positive sign for rental stability even as absolute levels can vary by asset and sublocation.
Relative affordability underpins demand dynamics. Median contract rent sits in the upper tier locally with notable five-year growth, while the value-to-income and rent-to-income profiles suggest investors should manage potential affordability pressure through thoughtful leasing and renewal strategies. The property s 1984 construction is newer than the area s average vintage (1947), offering competitiveness versus older stock while allowing for targeted modernization to drive NOI.
Comparable crime data for this specific neighborhood is not available in the current WDSuite dataset. Investors typically benchmark safety using county and metro comparisons and on-the-ground diligence to understand trends at the block and corridor level. Absent a neighborhood rank, it s prudent to evaluate local policing, recent incident trends, and property-level security features as part of underwriting.
Regional employment access is anchored by nearby corporate offices that support commuter-oriented renter demand. The employers below reflect the most proximate drivers relevant to this location.
- IBM technology & corporate offices (27.3 miles)
This 28-unit, 1984-built property offers a relative age advantage in a neighborhood where the average vintage skews older, positioning the asset competitively versus legacy stock while leaving room for selective updates. The renter-occupied share of 38.5% indicates a meaningful tenant base, and neighborhood occupancy has moved higher in recent years, supporting leasing stability. According to CRE market data from WDSuite, local restaurants and pharmacies rank near the top of the metro, strengthening livability for residents and supporting retention.
Rents have performed well relative to the metro alongside moderate home values, suggesting continued reliance on rental housing and opportunities to capture demand with effective unit finishes and management. Affordability signals (including rent-to-income) warrant balanced pricing and renewal strategies, but demographic and amenity trends point to durable multifamily demand over the hold period.
- 1984 vintage is newer than area norms, offering competitive positioning with value-add upside through targeted modernization
- Neighborhood renter-occupied share of 38.5% supports depth of tenant demand and leasing continuity
- Strong proximity to daily needs (restaurants, pharmacies, groceries rank near the top locally) supports retention
- Evidence of rent growth relative to metro trends suggests potential for revenue management
- Risks: limited cafe/park amenities nearby and affordability pressure call for careful amenity strategy and disciplined pricing