| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 64th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Woodhills Dr, Goshen, NY, 10924, US |
| Region / Metro | Goshen |
| Year of Construction | 1974 |
| Units | 48 |
| Transaction Date | 2007-12-14 |
| Transaction Price | $15,085,000 |
| Buyer | CARRIAGE HILL APARTMENTS LLC |
| Seller | HOME PROPERTIES CARRIAGE HILL LLC |
100 Woodhills Dr, Goshen NY Multifamily Investment
Neighborhood metrics point to steady renter demand and income depth, according to WDSuite’s CRE market data. Investor focus centers on a balanced renter base and amenity access that support leasing stability.
Goshen’s inner-suburban setting offers daily convenience with groceries, pharmacies, parks, and dining options performing in the top quartile nationally for density. This accessibility supports retention and day-to-day livability for a working household tenant base, and aligns with what multifamily property research identifies as durable demand drivers.
At the neighborhood level, renter-occupied share is meaningful, indicating a deeper tenant pool for multifamily operators. Median contract rents and a rent-to-income profile near 20% suggest manageable affordability pressure that can aid lease retention and reduce turnover sensitivity versus higher-cost pockets of the region. Neighborhood occupancy trends have been stable, though closer to national medians than top-tier performers, warranting continued attention to unit finishes and pricing strategy.
The area ranks competitively among Poughkeepsie–Newburgh–Middletown neighborhoods (4 of 221), reflecting strong overall fundamentals. Local housing stock skews older (average vintage early 20th century), while this asset’s 1974 construction is newer than much of the immediate competition—supporting relative positioning with potential to capture demand through targeted modernization of systems and interiors.
Within a 3-mile radius, recent population and household growth have expanded the renter pool, with forecasts pointing to additional gains through the mid-term. Household incomes have trended upward, and elevated ownership costs relative to incomes in the area help sustain reliance on rental housing, reinforcing depth of demand for well-located multifamily units.
Comparable neighborhood safety data is limited in this dataset. Investors typically benchmark conditions against broader metro patterns and confirm with current local sources. As with most inner-suburban locations, perceptions and activity can vary by block and over time; prudent underwriting includes on-the-ground checks and review of recent trend reports.
Regional employment access is diversified across retail apparel, medical technology, consumer goods, insurance, and industrial gases—supporting commuter convenience and a broad renter base for workforce-oriented units.
- Ascena Retail Group — retail apparel (24.5 miles) — HQ
- Becton Dickinson — medical technology (27.8 miles) — HQ
- Toys "R" Us — consumer goods (29.7 miles) — HQ
- Prudential Financial — financial services (32.7 miles)
- Airgas Lincoln Park — industrial gases (33.7 miles)
100 Woodhills Dr offers a 48-unit, 1974-vintage footprint positioned against an older surrounding housing base, giving the asset a relative edge with pragmatic value-add potential. Amenity access and a meaningful share of renter-occupied housing support a stable tenant pipeline, while neighborhood NOI-per-unit performance sits in the top quartile nationally, according to CRE market data from WDSuite—underscoring operating potential with thoughtful renovation and disciplined leasing.
Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger tenant base and ongoing demand for rental units. Ownership remains a high-cost option for many households locally, which reinforces renter reliance and can support pricing power; operators should still manage affordability pressure and watch neighborhood-level occupancy trends to sustain performance.
- Competitive positioning: 1974 construction newer than much of the neighborhood stock, enabling targeted modernization to capture demand.
- Demand depth: meaningful renter-occupied share locally and growing 3-mile households support leasing stability.
- Operating potential: neighborhood NOI-per-unit performance ranks in the top quartile nationally per WDSuite data.
- Location fundamentals: strong amenity access (groceries, pharmacies, parks, dining) aids retention and day-to-day livability.
- Risks: occupancy closer to national medians and an older competitive set call for disciplined leasing, asset management, and CapEx planning.