| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 46th | Fair |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 775 Embought Rd, Catskill, NY, 12414, US |
| Region / Metro | Catskill |
| Year of Construction | 1996 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
775 Embought Rd Catskill 34-Unit Multifamily Investment
Neighboring an A-rated, top-quartile Greene County neighborhood, the asset benefits from steady renter demand drivers and a newer vintage relative to local stock, according to WDSuite s CRE market data.
Located in Catskill s rural fabric, this property sits in a neighborhood rated A and competitive within the metro top quartile among 37 Greene County neighborhoods. Local amenity access leans practical: grocery and pharmacy options test above many neighborhoods nationally, while cafes are present but limited, and parks and childcare are sparse. For investors, that mix supports day-to-day convenience but suggests modest lifestyle amenity depth.
The local housing stock skews older (average vintage 1920), positioning a 1996-built community as relatively newer and more competitive versus nearby legacy assets. That typically reduces near-term capital exposure for core systems while still allowing targeted modernization to drive rent positioning.
Renter-occupied share in the neighborhood is lower than dense urban submarkets (about one-fifth of housing units), signaling a smaller renter pool but one that can remain durable where ownership costs are elevated relative to incomes. Median contract rents trend below national midpoints, and a value-to-income profile above many U.S. neighborhoods points to a high-cost ownership market that can reinforce reliance on rental options a dynamic that can aid lease retention and pricing discipline for well-managed assets.
Demographic indicators are aggregated within a 3-mile radius. Household sizes trend larger than many U.S. neighborhoods, which can support demand for 2-bedroom layouts and longer stays, contributing to occupancy stability when paired with responsive management.
Comparable neighborhood safety metrics were not available in the current WDSuite extract for this area. Investors typically benchmark Catskill and Greene County trends against regional and state data to contextualize risk and insurance planning. Absent neighborhood-level figures, a prudent approach is to underwrite to regional norms, verify recent trend direction, and plan for standard security measures consistent with rural, auto-oriented properties.
Regional employment is diversified, with notable technology presence within commuting range that can broaden the tenant base and support retention. The following nearby employer is most relevant to this location:
- IBM technology & corporate offices (31.2 miles)
Constructed in 1996 with 34 units, this community is materially newer than the surrounding housing stock, offering relative competitiveness versus older inventory while leaving room for selective upgrades. Based on CRE market data from WDSuite, the immediate neighborhood shows solid fundamentals for everyday amenities and an A neighborhood rating, which can support occupancy stability despite a smaller renter-occupied share.
Investor takeaways center on balanced demand and disciplined operations: a high-cost ownership landscape helps sustain multifamily reliance, while below-median rent levels provide room to manage renewals and modest rent steps with attention to affordability pressure. The rural context implies measured leasing velocity and limited lifestyle amenities, making asset quality, unit mix, and management execution the key differentiators.
- 1996 vintage is newer than nearby stock, reducing near-term system capex and competing well against legacy properties.
- A-rated neighborhood with practical amenities supports day-to-day convenience and steady renter demand.
- High-cost ownership market reinforces reliance on rentals, aiding retention and pricing discipline with thoughtful lease management.
- Below-median rent levels offer scope for targeted value capture via unit upgrades and amenity refreshes.
- Risks: smaller renter-occupied share, rural amenity depth, and potentially slower lease-up pace require conservative underwriting.