| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 70th | Best |
| Amenities | 6th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4870 Route 32, Catskill, NY, 12414, US |
| Region / Metro | Catskill |
| Year of Construction | 1980 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | $2,500,000 |
| Buyer | 4880 ROUTE GROUP INC |
| Seller | FRIAR TUCK RESORTS INC |
4870 Route 32, Catskill NY Multifamily Investment
Positioned in a rural Catskill submarket, this 1980-vintage asset offers scale with 81 units and potential competitiveness versus older area stock, according to WDSuite’s CRE market data.
The property sits in a rural neighborhood of Greene County where day-to-day amenities are limited and spread out. Within a 3-mile radius, demographic statistics indicate a relatively educated resident base, which can support tenant quality even as retail and services remain less dense than urban peers.
Neighborhood standing is above the metro median (ranked 17 of 37), per WDSuite’s commercial real estate analysis, but amenity access trails most of the metro. Median household incomes trend around the metro middle nationally, while rent-to-income levels are modest, reinforcing pricing headroom and potential lease retention.
Renter-occupied share is competitive among Greene County neighborhoods (top quartile among 37), suggesting a meaningful tenant pool for multifamily. However, overall neighborhood housing occupancy trends are softer than national norms, so sponsors should plan for active leasing and targeted marketing to maintain stability.
Home values are relatively accessible for owners in this area, which can increase competition from entry-level ownership. That said, education levels are strong (high national percentile for bachelor’s degree share), expanding the qualified renter base and supporting consistent demand for well-managed rentals.
Comparable crime metrics for this specific neighborhood are not available in WDSuite at this time. Given the rural context and dispersed housing, investors typically assess safety using regional trends and property-level measures rather than block-level figures.
A prudent approach is to review county reports and recent trend data, conduct evening and weekend site visits, and coordinate with local property managers to benchmark resident sentiment and incident patterns versus nearby Greene County neighborhoods.
Regional employment access is supported by large corporate offices within commuting range, which can bolster renter demand from workforce households. The list below highlights a nearby employer relevant to commuter tenants.
- IBM — technology & corporate offices (32.4 miles)
Built in 1980, the property is newer than much of the area’s housing stock, offering a competitive edge versus pre-1950s buildings while still allowing for targeted modernization to enhance rent positioning. According to CRE market data from WDSuite, renter-occupied concentration is strong within the metro context, and rent-to-income levels appear manageable, supporting occupancy stability if leasing is executed thoughtfully.
The rural setting implies fewer nearby amenities and softer neighborhood occupancy trends, which heightens the importance of asset-specific management, marketing, and value-add execution. Still, a relatively educated local workforce and accessible operating costs can underpin steady demand for well-run multifamily in this part of Greene County.
- 1980 vintage newer than local average, with modernization upside for rent lift
- Renter-occupied share competitive within the metro, supporting tenant depth
- Modest rent-to-income supports pricing power with careful lease management
- Risk: sparse amenities and softer neighborhood occupancy require proactive leasing