| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Best |
| Demographics | 60th | Good |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7982 Main St, Hunter, NY, 12442, US |
| Region / Metro | Hunter |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7982 Main St, Hunter NY Multifamily Investment Outlook
Demand is supported by a high-cost ownership market and steady household incomes in the surrounding neighborhood, according to WDSuite’s CRE market data. The key investor consideration here is depth of the renter base relative to ownership-oriented housing stock.
The property sits in a Suburban neighborhood in Hunter with an A- neighborhood rating, ranked 9 out of 37 neighborhoods in Greene County — above the metro median and competitive among Greene County neighborhoods. Neighborhood statistics referenced here reflect the neighborhood rather than the property itself.
Local livability features are modest: overall amenities trend below national norms (amenities roughly 15th percentile nationally), with restaurants and basic groceries present at levels closer to the middle of the pack. Average school ratings in the neighborhood test well relative to the nation (around the 73rd percentile), which can support family-oriented renter retention.
Housing dynamics suggest a market oriented toward ownership and seasonal use. Neighborhood housing occupancy is 43.5%, and only 8.6% of housing units are renter-occupied — indicating a smaller tenant pool for multifamily operators and potential seasonal volatility. Median contract rents in the neighborhood benchmark near the middle nationally, while the rent-to-income ratio of 0.12 points to manageable affordability pressure for renters, which can aid lease stability.
Ownership costs are elevated versus many rural markets (median home value near the 74th national percentile; value-to-income ratio around national mid-to-high tiers). For investors, this context can support rental reliance among households that prefer flexibility, yet the limited renter concentration means leasing strategies should target specific workforce and lifestyle segments. Demographic statistics, when cited in WDSuite, are aggregated within a 3-mile radius and should be monitored for population and household trends that influence renter pool expansion.
Vintage positioning matters: built in 1980, the asset is newer than the neighborhood’s older housing stock (average construction year circa 1955). That relative vintage can be a competitive edge against older comparables, while still warranting targeted system upgrades or cosmetic modernization to drive rent premiums.
Comparable crime data for this neighborhood is limited in WDSuite, so safety should be evaluated through multiple sources and on-the-ground diligence. As with most small Suburban markets, investors typically focus on regional trends and property-level security practices rather than block-level comparisons.
Regional employers within commuting range can provide a stable, if distributed, demand base for renters; the list below highlights a notable corporate office accessible by car from Hunter.
- IBM — technology & corporate offices (38.4 miles)
This 24-unit, 1980-vintage asset offers relative competitiveness versus older neighborhood stock and exposure to a Suburban setting where home values and incomes trend above national norms. Based on commercial real estate analysis supported by WDSuite, the neighborhood’s smaller renter concentration implies a narrower tenant base, but manageable rent-to-income levels and solid school ratings can support retention and occupancy stability with focused leasing.
The primary upside lies in value-add potential from selective modernization and capturing demand from households that favor flexible living near a recreational region, while key risks include seasonality and a limited renter-occupied share. Prudent underwriting should emphasize leasing velocity across peak seasons, expense control, and capital plans aligned to 1980s systems.
- 1980 vintage offers a competitive edge over older local stock, with modernization upside to drive rents.
- Neighborhood incomes and home values trend above national norms, supporting pricing power and retention.
- Manageable rent-to-income levels suggest room for disciplined rent growth without undue affordability pressure.
- Risk: low renter-occupied share and seasonal occupancy require focused marketing and conservative lease-up assumptions.