| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Good |
| Demographics | 37th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 Lafayette St, Palatine Bridge, NY, 13428, US |
| Region / Metro | Palatine Bridge |
| Year of Construction | 1995 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
102 Lafayette St Palatine Bridge Multifamily Investment
Occupancy in the surrounding neighborhood has been steady and sits near national mid-range levels, according to WDSuite’s CRE market data, supporting durable cash flow potential in a low-amenity rural setting.
Palatine Bridge is a rural pocket of the Amsterdam, NY metro with sparse walkable amenities, so residents typically rely on short drives for daily needs. Within this context, neighborhood occupancy trends are competitive among Amsterdam, NY neighborhoods (6th of 30) and roughly around the national middle, pointing to stable tenant retention even without an urban amenity base.
Rents in the neighborhood benchmark on the lower side versus both the metro and nation, and rent-to-income levels fall in the top national percentile for affordability. For investors, this eases lease management and may support pricing flexibility while maintaining occupancy, though it can temper near-term rent growth expectations.
The area skews more owner-occupied with a modest renter-occupied share, which means the tenant pool is thinner than in dense urban cores. However, demographic statistics aggregated within a 3-mile radius indicate household and income growth projections over the next five years, implying a larger tenant base and improving ability to pay that can support occupancy stability.
Local housing stock is older on average, but the subject asset’s 1995 vintage is newer than much of the surrounding inventory. That relative youth can enhance competitive positioning versus pre-1970s properties, while still warranting planning for system modernization to sustain performance.
Comparable neighborhood crime estimates are not available in WDSuite’s dataset for this location, so investors commonly benchmark to county or metro trends and assess property-level controls (lighting, access control, and management practices). Use a comparative lens rather than block-level assumptions and monitor trend direction alongside leasing performance.
Built in 1995 with 32 units, this asset is relatively newer than much of the surrounding housing stock, offering a competitive edge against older properties while still benefiting from prudent capital planning for modernization. Occupancy in the neighborhood is competitive within the Amsterdam, NY metro and around the national mid-range, which, coupled with low rent-to-income levels, supports steady leasing and tenant retention.
Demographic data aggregated within a 3-mile radius points to projected household and income growth, suggesting a gradually expanding renter pool and improved ability to pay. Based on multifamily property research from WDSuite, lower baseline rents in this rural submarket can provide room to adjust rents while prioritizing occupancy, though the owner-leaning tenure profile and limited amenity base may moderate pricing power.
- 1995 vintage offers competitive positioning versus older local stock with clear modernization planning
- Neighborhood occupancy is competitive in the metro and supports leasing stability
- Low rent-to-income levels indicate retention-friendly affordability and pricing flexibility
- 3-mile household and income growth projections expand the tenant base over time
- Risk: thinner renter-occupied share and limited amenities can temper rent growth and lease-up velocity