| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Poor |
| Demographics | 35th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 55 5th St, Cuddebackville, NY, 12729, US |
| Region / Metro | Cuddebackville |
| Year of Construction | 1989 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
55 5th St Cuddebackville Multifamily — 1989 Value-Add Potential
Neighborhood occupancy trends sit below metro norms while rent-to-income appears favorable, according to WDSuite’s CRE market data. For investors, that mix points to selective renter demand with room for operations-driven upside if positioning and renovations are executed thoughtfully.
This rural pocket of Cuddebackville offers a quieter living environment with very limited neighborhood amenities (few cafes, groceries, parks, or pharmacies). For multifamily, car-oriented households and renters prioritizing space and value over walkable retail are the most likely resident profile. Nearby convenience is thin relative to metro averages, so on-site functionality and parking typically matter for retention.
The property’s 1989 vintage is newer than the neighborhood’s older housing stock (average construction year skews mid-20th century), which can provide competitive differentiation versus legacy units. Investors should still underwrite aging systems and common-area modernization to meet current renter expectations while leveraging relative appeal against pre-war product.
At the neighborhood level, rents trend above national medians and the rent-to-income ratio is favorable, which can support lease stability and measured pricing power in well-managed assets. By contrast, neighborhood occupancy ranks below the metro median among 221 Poughkeepsie–Newburgh–Middletown neighborhoods, indicating more selective demand and the need for careful leasing and asset positioning, based on CRE market data from WDSuite.
Demographic statistics aggregated within a 3-mile radius show recent population softening alongside higher incomes and a forecast mix shift toward more households even as total population is projected to edge down. That pattern suggests smaller household sizes over time and a potential expansion of the renter pool, which can support occupancy stability for well-amenitized, professionally managed properties.
Home values in the neighborhood are relatively accessible compared with high-cost coastal markets. That landscape can introduce competition from ownership for some segments, but it also reinforces the role for rentals that emphasize convenience, maintenance-free living, and predictable monthly costs—particularly for households not ready to buy or preferring flexibility.
Comparable, property-level safety signals are not available in WDSuite for this neighborhood. Investors typically review city and county reports and consult insurer and lender risk screens to benchmark trends against nearby areas in the Poughkeepsie–Newburgh–Middletown region. Use a consistent underwriting approach that evaluates multi-year patterns rather than single-year snapshots.
Regional employers within commuting distance help support renter demand from households seeking value and space while maintaining access to corporate corridors. Notable nodes include apparel retail, medical technology, industrial gases, and travel services.
- Ascena Retail Group — apparel retail (34.2 miles) — HQ
- Becton Dickinson — medical technology (36.3 miles) — HQ
- Toys "R" Us — retail operations (37.1 miles) — HQ
- Airgas Lincoln Park — industrial gases (40.1 miles)
- Avis Budget Group — travel services (42.2 miles) — HQ
Constructed in 1989, this 26-unit asset offers relative competitiveness versus older neighborhood stock, with a clear path for value-add through system upgrades and contemporary interiors. According to CRE market data from WDSuite, neighborhood occupancy trails metro averages while rent-to-income remains favorable—an operating backdrop where hands-on leasing, unit refreshes, and pragmatic amenity adds can capture steady demand from households prioritizing space and predictability.
Three-mile demographics point to modest population contraction alongside a projected increase in households, implying smaller household sizes and a gradual broadening of the renter base. Combined with limited walkable amenities locally, assets that deliver convenience, maintenance efficiency, and reliable management are positioned to compete for retention and measured rent growth, while underwriting should acknowledge potential competition from ownership options in a relatively accessible home-value market.
- 1989 vintage versus older local stock creates value-add potential via modernization and efficiency upgrades.
- Favorable rent-to-income dynamics support lease stability with thoughtful pricing and renewals.
- Commutable access to regional employers underpins workforce renter demand for larger, car-oriented living.
- Demographic mix shift toward more households suggests a broader renter pool over time.
- Risk: Below-metro neighborhood occupancy and limited nearby amenities require active leasing and competitive positioning.