| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 46th | Fair |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 135 Grandview Ave, Catskill, NY, 12414, US |
| Region / Metro | Catskill |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
135 Grandview Ave Catskill 32-Unit Multifamily
Positioned in a metro-top-quartile neighborhood within Greene County, this Catskill asset offers stable small-town fundamentals with measured upside, according to WDSuite’s CRE market data. Local occupancy trends trail national norms, suggesting disciplined leasing execution can drive performance without relying on aggressive rent assumptions.
Catskill’s neighborhood fundamentals skew rural, with daily-needs access that is competitive within the metro. Grocery availability ranks first among 37 metro neighborhoods, and cafés rank second, signaling solid convenience retail for residents; restaurants are also competitive among Greene County areas (rank 8 of 37). However, park space and childcare options score at the bottom of the metro distribution, which can temper lifestyle appeal for some renter segments.
Neighborhood occupancy is 84.7% (ranked 5 of 37), placing it in the top quartile among metro neighborhoods but below national averages, a profile consistent with smaller upstate New York communities. For investors, that mix suggests reasonable absorption potential with prudent leasing management rather than outsized pricing power.
The share of housing units that are renter-occupied is 19% (ranked 11 of 37), indicating an owner-leaning area and a thinner—but potentially steadier—renter base. Median household income sits below national medians while reported rent-to-income of 0.16 implies manageable rent levels for existing tenants; together, these conditions favor retention-led strategies over aggressive rent growth.
Median home values are lower than many U.S. metros, which can create some competition from ownership. Still, in a rural setting with practical amenities and commute patterns oriented to regional employment centers, well-managed apartments can maintain occupancy and steady cash flow. This context aligns with a balanced commercial real estate analysis focused on durable demand rather than speculative upside.
Neighborhood-level crime metrics were not available in WDSuite for this location at the time of analysis. Investors typically benchmark Catskill and similar rural areas against county and regional trends, corroborating insights with local law enforcement reports and insurance pricing. Given the absence of a comparable rank or national percentile, it is prudent to underwrite using conservative assumptions and verify on-the-ground conditions during due diligence.
Regional employment is anchored by a mix of corporate and institutional nodes within driving distance, supporting renter demand from commuters. Nearby corporate offices include:
- IBM — technology & corporate offices (30.8 miles)
Built in 1975, the property is newer than the neighborhood’s older housing stock, positioning it competitively versus pre-war inventory while still warranting targeted system upgrades or light renovations typical for its vintage. Occupancy trends are stronger within the metro (top quartile rank) yet below national norms, indicating that steady demand exists but performance will hinge on leasing execution and resident retention rather than outsized rent growth, based on CRE market data from WDSuite.
An owner-leaning tenure mix (19% renter-occupied) suggests a smaller renter pool but one that can be served effectively with reliable amenities access and appropriately priced units. With home values below national averages and reported rent-to-income around 0.16, underwriting that emphasizes affordability, operational efficiency, and value-add selectivity can support durable cash flow in a rural Catskill setting.
- 1975 vintage offers competitive positioning versus older neighborhood stock, with potential for targeted capex to enhance rentability.
- Metro-top-quartile neighborhood rank with solid daily-needs access (groceries, cafés) supports leasing and retention.
- Owner-leaning area and manageable rent-to-income support stability when paired with disciplined operations.
- Risk: below-national occupancy norms and limited parks/childcare suggest cautious rent growth assumptions and focus on asset quality.