| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 73rd | Best |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 75 Quaker Ave, Cornwall, NY, 12518, US |
| Region / Metro | Cornwall |
| Year of Construction | 2011 |
| Units | 57 |
| Transaction Date | 2005-08-05 |
| Transaction Price | $2,100,000 |
| Buyer | B & H HOLDINGS GROUP |
| Seller | DENZA GROUP X |
75 Quaker Ave, Cornwall NY Multifamily Investment Opportunity
Neighborhood occupancy in this part of Cornwall has trended stable and the asset’s 2011 vintage positions it competitively versus much older local stock, according to WDSuite’s commercial real estate analysis. The focus for investors is durable renter demand driven by schools and household incomes in the surrounding area, noting these metrics describe the neighborhood rather than the property itself.
Located in the suburban Cornwall submarket of the Poughkeepsie–Newburgh–Middletown metro, the neighborhood is rated A+ and ranks 7th out of 221 metro neighborhoods, placing it well above the metro median. Neighborhood occupancy is reported at the neighborhood level and has been steady, supporting income visibility for multifamily operators.
The resident base skews family-oriented with strong school indicators that rank 4th of 221 in the metro and sit in the top quartile nationally. Amenity access is competitive among metro peers, with everyday needs like pharmacies, cafes, and groceries comparing favorably to many Poughkeepsie–Newburgh–Middletown neighborhoods, which helps with retention and leasing velocity.
Within a 3-mile radius, households have increased in recent years even as average household size edges lower—an investor-relevant trend that broadens the renter pool and supports occupancy stability. Forward-looking neighborhood data from WDSuite points to continued household growth alongside smaller household sizes, suggesting ongoing demand for professionally managed rental housing.
Ownership costs in the area are elevated relative to many U.S. neighborhoods, reinforcing reliance on rental options and aiding pricing power for well-managed assets. Median contract rents in the neighborhood sit above national norms, while rent-to-income levels suggest manageable affordability pressure, an important consideration for lease management and renewal strategy.
The average neighborhood building vintage skews older, creating a competitive set where a 2011 property can outperform on resident preferences and near-term capex, while still planning for systems updates and periodic modernization to maintain positioning.
Comparable neighborhood crime metrics were not available in WDSuite’s dataset for this location. Investors typically benchmark safety using multiple sources and trend views at the neighborhood and municipal levels to understand how conditions compare to the broader Poughkeepsie–Newburgh–Middletown region. Where data is available, using ranks and national percentiles alongside local law enforcement reports can help frame relative safety without relying on block-level claims.
Regional employment anchors within commuting range include Ascena Retail Group, PepsiCo, Praxair, IBM, and Becton Dickinson—diverse sectors that help support workforce housing demand and resident retention.
- Ascena Retail Group — retail apparel HQ (25.7 miles) — HQ
- Pepsico — beverages corporate offices (26.0 miles)
- Praxair — industrial gases (26.6 miles) — HQ
- Ibm — technology (28.0 miles) — HQ
- Becton Dickinson — medical devices (30.1 miles) — HQ
Built in 2011 with 57 units, 75 Quaker Ave competes favorably against an older neighborhood stock profile, reducing near-term capital intensity while offering modernization levers to extend its advantage. Neighborhood-level occupancy has remained healthy and the area’s high-performing schools and above-median household incomes underpin leasing durability relative to metro peers, based on CRE market data from WDSuite.
Within a 3-mile radius, households have been rising and are projected to continue increasing as average household size trends smaller. Combined with a high-cost ownership landscape, these dynamics support multifamily demand depth and tenant retention. Key watch items include modest population softness in forward estimates and limited park access locally, which may require amenity programming and active resident engagement to sustain competitiveness.
- 2011 vintage offers competitive positioning versus older neighborhood stock with manageable capex planning.
- Neighborhood occupancy stability and strong schools support leasing and retention relative to metro peers.
- 3-mile household growth and smaller household sizes expand the renter pool and support demand.
- Elevated ownership costs in the area reinforce renter reliance and pricing power for well-managed assets.
- Risks: limited park access and softer population projections may require active amenity strategy and leasing focus.