| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 58th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Harriman Woods Dr, Harriman, NY, 10926, US |
| Region / Metro | Harriman |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Harriman Woods Dr, Harriman NY — 40-Unit 1985 Vintage
Inner-suburban fundamentals support durable renter demand, with neighborhood occupancy holding in a stable range and rents tracking above metro medians according to WDSuite’s CRE market data.
Neighborhood and Demand Drivers
Located in Harriman within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood carries an A rating and ranks 12 out of 221 metro neighborhoods — a top-quartile position among 221 metro neighborhoods. Amenity access is competitive among metro peers, with restaurants, groceries, pharmacies, and parks measuring in higher national percentiles, reinforcing day-to-day livability that supports leasing.
Neighborhood occupancy is 93.8% (neighborhood metric, not the property) and has improved over the last five years, indicating steady absorption and retention. The share of housing units that are renter-occupied is 35.9% (tenure at the neighborhood level), pointing to a meaningful but not oversaturated renter base that can support multifamily demand without relying on transient turnover. Median rent levels sit in higher national percentiles, while the neighborhood rent-to-income ratio near 0.21 suggests manageable affordability pressure and potential for balanced pricing power.
Within a 3-mile radius, demographics show population growth alongside an increase in households, expanding the tenant base and supporting occupancy stability. Forecasts call for further renter pool expansion and a notable increase in households, which, combined with upper-percentile household incomes, underpin demand for well-managed rental housing.
Home values in the neighborhood are around the 70th national percentile, signaling a relatively high-cost ownership market in regional context. For investors, elevated ownership costs can sustain reliance on rental options, aiding lease retention and underpinning steady occupancy through cycles.
The property’s 1985 construction is slightly newer than the neighborhood’s early-1980s average, offering a competitive edge versus older stock. Investors should still plan for ongoing systems modernization and interior upgrades to capture value-add upside and maintain positioning against newer deliveries.
Safety Context
WDSuite does not report comparable neighborhood-level crime ranks or national percentiles for this specific area in the current release. Investors typically review municipal reports, police-blotter summaries, and property-level security practices to contextualize resident retention and leasing without resorting to block-level claims.
Nearby corporate offices support a diversified employment base and commuting patterns that feed renter demand. The employers below reflect the most proximate corporate offices within practical commuting distance.
- Ascena Retail Group — corporate offices (16.2 miles) — HQ
- Becton Dickinson — corporate offices (20.4 miles) — HQ
- PepsiCo — corporate offices (23.1 miles)
- Toys "R" Us — corporate offices (23.3 miles) — HQ
- Prudential Financial — corporate offices (23.4 miles)
This 40-unit, 1985-vintage asset benefits from an A-rated inner-suburban neighborhood that ranks 12 of 221 in the metro, with competitive amenity access and neighborhood occupancy stability. Within a 3-mile radius, both population and households are projected to increase, expanding the tenant base and supporting steady leasing and retention. Elevated home values in the area reinforce renter reliance on multifamily housing, while the property’s mid-’80s vintage presents value-add potential through targeted modernization. According to CRE market data from WDSuite, neighborhood rent levels sit in higher national percentiles, balanced by a moderate rent-to-income profile that supports disciplined rent management.
Key considerations include planning for ongoing capital needs typical of 1980s construction and monitoring any shifts in household composition as growth continues. With prudent asset management, the location’s fundamentals point to durable demand and occupancy resilience versus broader metro trends.
- A-rated neighborhood with top-quartile metro rank and strong amenity access supports leasing
- 3-mile population and household growth expand the tenant base and support occupancy stability
- Elevated ownership costs in the area support renter reliance and lease retention
- Value-add path via 1985 vintage upgrades; plan for systems capex and targeted renovations
- Risk: amenity mix varies (e.g., fewer childcare options locally), so tenant mix and marketing should align