| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Best |
| Demographics | 22nd | Poor |
| Amenities | 30th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 Mansion St, Coxsackie, NY, 12051, US |
| Region / Metro | Coxsackie |
| Year of Construction | 1992 |
| Units | 32 |
| Transaction Date | 2014-03-10 |
| Transaction Price | $1,200,000 |
| Buyer | AARONS ASSETS LLC |
| Seller | MANSION ASSOC LP |
108 Mansion St Coxsackie 32-Unit Multifamily Opportunity
Newer construction relative to the area supports competitive positioning and steady renter appeal, according to WDSuite’s CRE market data. The neighborhood’s ownership costs favor continued reliance on rentals, which can help underpin occupancy stability through cycles.
Located in a rural pocket of Greene County, the property sits in a neighborhood with modest amenities but some strengths that matter for leasing. Parks access ranks competitive among 37 metro neighborhoods, while restaurants per square mile are also relatively strong for the area. Daily conveniences like groceries and pharmacies are limited locally, so residents often rely on nearby corridors for errands.
The average school rating in the neighborhood trails broader benchmarks, which can influence family renter preferences. For investors, this tends to favor value-oriented positioning and workforce segments rather than premium family-demand strategies.
Neighborhood rents are lower than many metro peers, and home values relative to incomes are elevated for the area. That ownership landscape typically sustains rental reliance and supports lease retention for appropriately priced units, based on commercial real estate analysis from WDSuite.
The local housing stock is generally older, while this property’s 1992 vintage is newer than much of the area. That positioning can provide an edge over aging comparables, with potential to further differentiate through targeted modernization of interiors and building systems.
Neighborhood occupancy has been largely stable in recent years. Renter-occupied housing represents a smaller share of units locally, implying a thinner renter base; thoughtful marketing and competitive pricing are important to maintain leasing velocity.
Comparable neighborhood-level crime data are not available in WDSuite for this location. Investors typically contextualize safety using county and metro trends, property-level measures (lighting, access control), and resident feedback. As always, corroborate with local law enforcement reports and on-the-ground diligence.
- IBM — technology services (20.5 miles)
The property’s 1992 construction stands out against an older local housing base, offering a competitive foundation with potential value-add upside through selective renovations. Neighborhood occupancy has been steady and the ownership cost backdrop (higher value-to-income metrics) supports renter reliance, helping sustain demand for well-priced units.
While nearby amenities and schools are limited, pricing power in this area is driven more by value and functionality than luxury. According to CRE market data from WDSuite, these dynamics favor durable workforce demand, provided management emphasizes maintenance quality, operational efficiency, and targeted upgrades that enhance rentability.
- 1992 vintage offers competitive positioning versus older neighborhood stock
- Steady neighborhood occupancy supports income durability for well-priced units
- Elevated ownership costs in the area reinforce renter reliance and lease retention
- Value-add potential through targeted interior and systems modernization
- Risks: thinner renter pool and limited local amenities may affect leasing velocity