| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 54th | Fair |
| Amenities | 8th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17 Quarry Rd, Goshen, NY, 10924, US |
| Region / Metro | Goshen |
| Year of Construction | 1997 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
17 Quarry Rd, Goshen NY Multifamily Investment
Suburban dynamics with high-income households point to durable renter demand; according to WDSuite’s CRE market data, ownership costs in the neighborhood support multifamily tenancy even with a smaller renter base.
Located in suburban Goshen within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood carries a C rating and ranks 162 out of 221 metro neighborhoods, placing it below the metro median. Investors should expect a quieter, low-amenity setting: amenity density tracks in the lower tiers nationally, while grocery access is closer to mid-pack. This typically translates to car-oriented living and value placed on on-site conveniences.
Renter-occupied housing is a smaller share of the local stock (both at the neighborhood level and within a 3-mile radius), which can limit turnover-driven leasing velocity but also support steadier tenant profiles. Median contract rents benchmark slightly above the national midpoint, and occupancy for the neighborhood sits below the metro median, suggesting prudent underwriting on lease-up timing and concessions. Elevated home values (upper-tier nationally) indicate a high-cost ownership market, which tends to sustain reliance on rentals and support pricing power for well-maintained assets.
Within a 3-mile radius, demographics show population growth over the past five years with households roughly stable and projected to increase meaningfully, while average household size is expected to decline. For multifamily operators, that combination points to a gradually expanding tenant base with potential for smaller-household demand, supporting occupancy stability for appropriately sized units. Household incomes are strong in the area, reinforcing collections and retention.
The property’s 1997 vintage is newer than the neighborhood average (1969). That relative youth can be a competitive advantage versus older stock, though investors should still plan for age-appropriate system updates and selective modernization to support leasing and renewals.
Safety signals are mixed and should be evaluated in context. At the metro level, the neighborhood’s crime rank places it among higher-incident areas relative to 221 metro neighborhoods, whereas national positioning trends modestly better than average. This implies local risk management is important even as broader comparisons suggest competitive outcomes nationally.
Recent trends are nuanced: property incidents show modest improvement year over year, while violent offenses increased sharply over the same period. For investors, this argues for standard security measures, lighting and access controls, and attention to resident communications, balanced against the fact that safety outcomes can vary by block and over time.
Regional corporate anchors within commuting range support workforce housing demand and retention, including retail headquarters, medical technology, and financial services noted below.
- Ascena Retail Group — retail apparel HQ (22.1 miles) — HQ
- Becton Dickinson — medical technology (25.1 miles) — HQ
- Toys "R" Us — retail (26.8 miles) — HQ
- Prudential Financial — financial services (30.4 miles)
- Airgas Lincoln Park — industrial gases (30.6 miles)
17 Quarry Rd offers scale at 91 units in a suburban submarket where strong household incomes and elevated home values underpin steady renter demand. While neighborhood occupancy trends sit below the metro median and amenity density is limited, high-cost ownership dynamics and a smaller—but stable—renter pool point to consistent leasing for well-maintained assets. According to CRE market data from WDSuite, the area’s income profile provides room for rent-to-income headroom, supporting collections and renewal strategies.
Built in 1997, the asset is newer than much of the area’s housing stock, which can be a competitive edge against older comparables. Within a 3-mile radius, recent population growth and a projected increase in households suggest gradual renter pool expansion, with smaller average household sizes over time favoring efficient floor plans. Key risks to underwrite include below-median neighborhood occupancy, limited nearby amenities, and mixed safety signals requiring standard property-level controls.
- High-income, high-cost ownership market supports sustained rental demand
- 1997 vintage provides competitive positioning versus older neighborhood stock
- 3-mile demographics indicate population growth and a larger tenant base over time
- Prudent underwriting for below-median neighborhood occupancy and low amenity density
- Implement security and operations best practices given mixed safety trends