| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 64th | Good |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 Woodhills Dr, Goshen, NY, 10924, US |
| Region / Metro | Goshen |
| Year of Construction | 1989 |
| Units | 48 |
| Transaction Date | 2007-04-16 |
| Transaction Price | $5,350,000 |
| Buyer | WOODHILL FLETCHER APARTMENTS LLC |
| Seller | WOODHILL-FLETCHER ASSOC |
80 Woodhills Dr, Goshen NY Multifamily Investment
Positioned in an A+–rated inner-suburb of the Poughkeepsie–Newburgh–Middletown metro, the asset benefits from stable renter demand and a high neighborhood renter concentration, according to WDSuite’s CRE market data.
The property sits in an A+-rated neighborhood ranked 4th of 221 in the Poughkeepsie–Newburgh–Middletown metro, signaling strong fundamentals relative to nearby submarkets. Food, groceries, parks, and pharmacies are accessible, with restaurant and cafe density competitive among metro peers (ranks 25 and 22 of 221) and in the top quartile nationally by amenity percentile. These patterns support day-to-day livability that helps with leasing and retention.
The 1989 construction is newer than the neighborhood’s older building stock (average vintage 1931), which can provide a competitive edge versus legacy assets while still allowing targeted modernization to lift rents and reduce future capital surprises. Neighborhood renter concentration is high (renter-occupied share ranks 28 of 221; top decile nationally), indicating a deep tenant base for multifamily operators. At the same time, neighborhood occupancy trends are below national medians, so underwriting should assume measured lease-up velocity and emphasize renewal strategies.
Within a 3-mile radius, demographics point to a growing and increasingly affluent household base. Population and household counts have expanded over the past five years, and forecasts point to continued growth by 2028, implying a larger tenant base and support for occupancy stability. Median household incomes have risen, and rent levels in the surrounding area have trended upward, which can translate to gradual pricing power where unit quality and management justify it.
Home values in the neighborhood are elevated for the region, which tends to sustain reliance on rental options and can aid lease retention. However, if ownership remains comparatively accessible for higher-income households, operators may face competition from for-sale housing; positioning compact units as cost-effective and convenient can mitigate this by serving demand from singles, downsizers, and workforce renters.
Comparable crime metrics are not available in WDSuite’s current dataset for this neighborhood. Investors typically benchmark safety by reviewing county and metro trendlines alongside on-the-ground diligence to contextualize conditions relative to nearby communities.
Regional employers within commuting range provide a diversified white-collar and industrial employment base that supports renter demand and retention, including retail headquarters, medical technology, and consumer goods offices listed below.
- Ascena Retail Group — retail HQ (24.5 miles) — HQ
- Becton Dickinson — medical technology (27.7 miles) — HQ
- Toys "R" Us — retail HQ (29.6 miles) — HQ
- Prudential Financial — financial services (32.7 miles)
- Airgas Lincoln Park — industrial gases (33.7 miles)
80 Woodhills Dr offers scale at 48 units in an A+ inner-suburban location with amenity access and a high neighborhood renter concentration. Based on CRE market data from WDSuite, the asset benefits from a tenant base oriented toward rentals while regional restaurant, cafe, grocery, park, and pharmacy access rank competitively among 221 metro neighborhoods, supporting day-to-day livability and leasing. The 1989 vintage is newer than the area’s older housing stock, suggesting relative competitiveness with room for focused value-add to modernize finishes and systems.
Within a 3-mile radius, population and households have grown and are projected to expand further by 2028, pointing to a larger tenant base and support for occupancy stability. Neighborhood occupancy levels sit below national medians, so returns are likely to hinge on disciplined operations: renewal management, unit turn efficiency, and strategic upgrades aligned to compact floor plans. Elevated local home values help sustain rental demand, though rising incomes can keep some households in the ownership funnel—positioning and pricing should reflect this balance.
- A+ neighborhood ranked 4 of 221 in the metro supports livability and leasing
- 1989 vintage newer than area stock, with value-add and modernization potential
- Growing 3-mile population and households expand the renter pool and support occupancy stability
- Elevated ownership costs reinforce reliance on rentals, aiding retention for compact units
- Risk: Neighborhood occupancy trends are below national medians—plan for measured lease-up and strong renewal execution