| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 64th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Railroad Ave, Goshen, NY, 10924, US |
| Region / Metro | Goshen |
| Year of Construction | 1996 |
| Units | 105 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Railroad Ave, Goshen NY Multifamily Investment
Positioned in a neighborhood that ranks competitive among Poughkeepsie-Newburgh-Middletown submarkets, this asset benefits from strong renter demand and amenity access, according to WDSuite’s CRE market data. The key investor angle is depth of the renter base and steady neighborhood-level leasing fundamentals rather than outsized growth claims.
Goshen’s Inner Suburb location scores well on livability and investor fundamentals. The neighborhood ranks 4 of 221 metro neighborhoods with an A+ overall rating, indicating competitive positioning within the Poughkeepsie-Newburgh-Middletown region. Amenities benchmark in the top quartile nationally, with restaurants, cafes, groceries, parks, and pharmacies each testing above typical U.S. availability — a tailwind for tenant retention and leasing velocity.
Neighborhood-level occupancy is reported for the neighborhood — not this property — and is steady by regional standards, though it sits below the national median, suggesting the value of active lease management and targeted marketing. Offsetting this, renter-occupied share of housing units is high relative to the nation, indicating a deeper local tenant base and sustained demand for multifamily product.
Within a 3-mile radius, demographics point to a growing renter pool: population and households increased over the last five years, with forecasts calling for further gains and a larger household count ahead. Rising median incomes in the 3-mile area support rent collections and pricing flexibility, while slightly smaller average household sizes can favor studios and one-bed formats typical of efficient multifamily layouts.
Ownership costs in the neighborhood are elevated relative to many U.S. areas, which can reinforce reliance on rental housing and support lease retention. Rent-to-income at the neighborhood level sits at a manageable level, which can reduce affordability pressure and lower turnover risk for operators.
The average construction year in the neighborhood skews older (1931), and this 1996-vintage property is newer than much of the local housing stock. That relative youth can be a competitive advantage versus older assets, while still leaving room for targeted system updates or cosmetic repositioning to capture additional NOI.
Neighborhood-level crime data are not available in WDSuite for this location, so investors should review broader municipal and county trend reports and align underwriting with lender requirements. As with any submarket, consider standard measures such as visibility, lighting, access control, and local policing engagement when assessing operational risk and insurance assumptions.
- Ascena Retail Group — corporate offices (24.1 miles) — HQ
- Becton Dickinson — medical technology corporate offices (27.4 miles) — HQ
- Toys "R" Us — retail corporate offices (29.4 miles) — HQ
- Prudential Financial — financial services (32.3 miles)
- Airgas Lincoln Park — industrial gases corporate office (33.4 miles)
Nearby corporate offices across the region provide diversified white-collar and operations employment, supporting renter demand through commute convenience and retention potential. The employers below reflect accessible nodes within the broader corridor.
Constructed in 1996 with 105 units, this asset is relatively newer than much of the surrounding stock, offering competitive positioning against older neighborhood inventory and potential to unlock value through selective modernization. Neighborhood signals are constructive: strong amenity access, high renter-occupied share, and increasing 3-mile population and households point to a durable tenant base and the potential for occupancy stability.
Home values in the neighborhood are elevated versus many U.S. areas, which can sustain reliance on rental housing and support retention, while neighborhood rent-to-income remains manageable. According to CRE market data from WDSuite, local NOI per unit indexes strongly versus peers and the area’s occupancy trend is stable at the neighborhood level, suggesting steady operations with prudent lease management.
- 1996 vintage relative to older neighborhood stock supports competitive positioning with targeted upgrades for additional NOI
- High renter-occupied share indicates depth of tenant base and supports leasing durability
- 3-mile population and household growth expand the renter pool and underpin occupancy stability
- Elevated ownership costs bolster rental demand and lease retention potential
- Risk: neighborhood-level occupancy trails national norms, favoring active leasing strategy and conservative downtime assumptions