| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 64th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 Canter Ct, Goshen, NY, 10924, US |
| Region / Metro | Goshen |
| Year of Construction | 2008 |
| Units | 26 |
| Transaction Date | 2014-10-03 |
| Transaction Price | $10,500,000 |
| Buyer | WAINCO GOSHEN 1031 L.L.C |
| Seller | M & G CARRIAGE PARK LLC |
204 Canter Ct, Goshen NY Multifamily Investment
2008 construction positions this 26-unit asset competitively versus much older neighborhood stock, supporting lower near-term capital needs and tenant appeal, according to WDSuite’s CRE market data. Neighborhood renter concentrations and strong amenity access point to steady demand, while broader metro dynamics warrant disciplined lease and expense management.
Goshen’s immediate neighborhood rates highly for overall livability (A+) and is competitive among Poughkeepsie–Newburgh–Middletown neighborhoods (ranked 4 out of 221). Amenity access performs in the top quartile nationally and is competitive locally, with cafes, groceries, pharmacies, parks, and restaurants all ranking within the stronger cohort of the 221-neighborhood metro. This mix supports day-to-day convenience and leasing appeal for workforce and lifestyle renters.
The property’s 2008 vintage is materially newer than the neighborhood’s average construction year of 1931. For investors, this typically translates into reduced near-term capital expenditure risk and better competitive positioning versus older inventory, while still allowing for selective value-add or modernization to sharpen unit finishes and operations.
Tenure data signals a deep renter base at the neighborhood level, with roughly half of housing units renter-occupied (measured for the neighborhood, not the property). Within a 3-mile radius, however, owner-occupied units are more prevalent, indicating the asset serves a localized renter cluster. For underwriting, this combination suggests dependable in-neighborhood demand with broader catchment stability driven by households that prioritize rental proximity to jobs and services.
Income and housing context are supportive. Neighborhood rent-to-income measures indicate manageable affordability pressure, which can aid retention and pricing discipline. Median home values in the area are elevated for the region, which tends to sustain reliance on rental options; this backdrop, paired with neighborhood-level occupancy that has trended up over the past five years (measured for the neighborhood, not the property), supports a case for steady absorption and lease renewals. These trends reflect broader patterns seen in national multifamily property research while aligning with metro fundamentals.
Comparable, neighborhood-level safety metrics were not available in the current WDSuite release for this location. Investors typically benchmark neighborhood crime trends against metro and national patterns to contextualize leasing risk; given the data gap here, additional local diligence (e.g., municipal reports and property-level incident history) is recommended to round out underwriting assumptions.
Regional corporate employment within commuting range underpins renter demand and renewal stability. Key nearby employers include Ascena Retail Group, Becton Dickinson, Toys "R" Us, Prudential Financial, and Airgas.
- Ascena Retail Group — corporate offices (24.0 miles) — HQ
- Becton Dickinson — medical devices corporate (27.3 miles) — HQ
- Toys "R" Us — retail corporate offices (29.2 miles) — HQ
- Prudential Financial — financial services (32.2 miles)
- Airgas Lincoln Park — industrial gases (33.3 miles)
This 26-unit, 2008-vintage asset benefits from a high-performing neighborhood profile and amenity access that is competitive across the 221-neighborhood metro. The newer vintage relative to local stock reduces near-term capital exposure while leaving room for targeted upgrades to capture rent premiums. Based on CRE market data from WDSuite, the surrounding neighborhood shows improving occupancy and a meaningful renter-occupied presence, with broader 3-mile demographics indicating population and household growth that can expand the tenant base over time.
Ownership costs in the area are elevated compared with incomes, which tends to reinforce sustained demand for rental housing and supports pricing discipline when paired with manageable rent-to-income levels at the neighborhood scale. Proximity to a diverse set of regional employers further supports leasing stability, though investors should account for typical suburban leasing seasonality and validate local safety trends given limited published metrics.
- 2008 vintage versus older neighborhood stock reduces near-term capex and supports competitive positioning.
- Amenity-rich, top-tier neighborhood ranking within a 221-neighborhood metro aids leasing and retention.
- Population and household growth within a 3-mile radius expands the renter pool and supports occupancy stability.
- Elevated ownership costs relative to income sustain rental demand and pricing discipline.
- Risks: neighborhood occupancy sits below national leaders and safety metrics require supplemental diligence.