| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 44th | Poor |
| Amenities | 30th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 163 Jefferson Hts, Catskill, NY, 12414, US |
| Region / Metro | Catskill |
| Year of Construction | 2010 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
163 Jefferson Hts, Catskill NY Multifamily Investment
Newer 2010 construction offers competitive positioning versus older local stock, with moderate rents and a manageable rent-to-income backdrop that can support stable leasing, according to WDSuite’s CRE market data.
The property sits in a rural neighborhood of Catskill with a mixed amenity profile. Within Greene County (37 neighborhoods), grocery and pharmacy access rank competitively (both in the top 6 and top 3 positions respectively), while cafes, childcare, and parks are limited. Nationally, overall amenity depth trends below average, which suggests residents rely on core daily needs nearby and travel farther for discretionary options.
Rents in the neighborhood are near the national middle, and the rent-to-income ratio sits around the national midpoint as well. For investors, this points to manageable affordability pressure and the potential for steady retention, while also limiting near-term pricing power without clear upgrades or service differentiation. Median home values are roughly mid-pack nationally, so ownership costs are not extreme, implying rental demand is supported more by lifestyle and convenience than by a high-cost ownership market.
Neighborhood housing dynamics warrant attention. The share of housing units that are renter-occupied is modest, indicating a thinner renter base than in renter-heavy submarkets; leasing success will hinge on effective marketing and product-quality advantages. Separately, neighborhood occupancy has trended soft, which may require hands-on leasing and competitive positioning to sustain stability at the asset level. These metrics reflect neighborhood conditions, not the property itself, based on CRE market data from WDSuite.
Vintage is a differentiator: with 2010 construction against an area average year of 1937 (competitive rank within Greene County), the asset should compare favorably to older housing stock. That positioning can reduce near-term capital expenditure pressure and help command interest from tenants seeking more contemporary layouts and systems, while still budgeting for normal lifecycle maintenance and selective upgrades to drive absorption and renewals.
Comparable neighborhood safety data were not available in WDSuite for this location at the time of analysis. Investors typically benchmark neighborhood trends against county and metro peers to inform leasing risk and retention strategies; absent verified metrics, it’s prudent to underwrite to property-level controls (lighting, access, and management presence) and to review official local reports for additional context.
Regional employers provide a commuting base that can support renter demand for workforce-oriented units. Notable nearby corporate presence includes:
- IBM — technology & corporate offices (29.7 miles)
Built in 2010 with 24 units, this property offers a newer alternative to much of the area’s prewar housing, supporting competitive positioning and reduced near-term capital needs. Neighborhood rents and rent-to-income trends sit around national midpoints, suggesting a balanced affordability profile that can aid retention while requiring thoughtful upgrade programs to unlock material rent growth. Based on multifamily property research from WDSuite, local renter concentration is modest and neighborhood occupancy has been soft, indicating the importance of hands-on leasing and targeted marketing.
The location’s practical amenities (notably grocery and pharmacy access competitive within Greene County) enhance day-to-day livability, even as discretionary amenity depth is thinner. Overall, the thesis centers on leveraging newer vintage and operational execution to capture demand in a market with moderate costs and selective competition from ownership.
- 2010 construction competes well versus older local stock, reducing near-term capex planning needs.
- Balanced rent-to-income conditions support retention; upgrades and services can drive rent trade-outs.
- Practical amenities (grocery/pharmacy) are competitive within Greene County, aiding daily convenience.
- Risk: modest renter concentration and soft neighborhood occupancy call for active leasing and marketing.