| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 58th | Fair |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4 Brookside Dr E, Harriman, NY, 10926, US |
| Region / Metro | Harriman |
| Year of Construction | 1987 |
| Units | 91 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4 Brookside Dr E, Harriman NY Multifamily Investment
Neighborhood occupancy and rent levels point to steady renter demand, according to WDSuite s CRE market data, with the inner-suburban location supporting durable leasing fundamentals.
The property sits in an Inner Suburb of the Poughkeepsie Newburgh Middletown metro with an A neighborhood rating and a neighborhood rank of 12 out of 221, placing it firmly in the top quartile among metro neighborhoods. Amenity access is comparatively strong for a suburban node, with grocery, pharmacy, and dining density scoring above national midpoints, supporting day-to-day livability for renters.
At the neighborhood level, occupancy is 93.8%, up over the last five years, and ranks above the metro median among 221 neighborhoods based on CRE market data from WDSuite. Median contract rent trends are competitive (top decile in the metro by rank), while the rent-to-income ratio of 0.21 indicates manageable affordability pressure that can aid retention and reduce turnover risk. Note these metrics describe the neighborhood, not this specific property.
Construction patterns skew slightly older than the subject s 1987 vintage (neighborhood average year: 1981). Being somewhat newer than the local average can help the asset compete against older stock; however, systems from the late-1980s era may still warrant selective modernization to sustain positioning.
Within a 3-mile radius, demographics signal a larger tenant base over time: population and household counts have grown and are projected to continue increasing, pointing to renter pool expansion and support for occupancy stability. The area shows a meaningful share of renter-occupied housing units (neighborhood renter concentration around the mid-30% range), suggesting a defined multifamily demand base without overreliance on rentals.
For family-oriented renters, local childcare options are limited within this neighborhood cohort, which may modestly influence unit mix and amenity strategy. Home values sit in a higher national percentile for similar neighborhoods, and this higher-cost ownership market tends to reinforce reliance on multifamily housing, supporting leasing durability for well-maintained, appropriately priced units.
Comparable safety benchmarking is important for underwriting, but neighborhood crime figures are not available in WDSuite s current release for this location. Investors typically monitor regional trends, evaluate property-level measures (lighting, access control, and visibility), and compare to peer Inner Suburb neighborhoods across the Poughkeepsie Newburgh Middletown metro for context.
Nearby corporate employers expand the commuter renter base and help underpin leasing stability, including Ascena Retail Group, Becton Dickinson, PepsiCo, Prudential Financial, and Toys "R" Us.
- Ascena Retail Group corporate offices (16.6 miles) HQ
- Becton Dickinson corporate offices (20.9 miles) HQ
- Pepsico corporate offices (22.8 miles)
- Prudential Financial corporate offices (23.7 miles)
- Toys "R" Us corporate offices (23.8 miles) HQ
This 91-unit, 1987-vintage asset benefits from neighborhood fundamentals that are competitive within the metro: occupancy is above the metro median and median contract rents rank near the top of local submarkets, while rent-to-income levels suggest room for disciplined pricing without outsized retention risk. According to CRE market data from WDSuite, the neighborhood s A rating and top-quartile rank among 221 peers reflect solid amenity access and NOI performance at the neighborhood level, supporting long-term cash flow resilience.
Demographic trends aggregated within a 3-mile radius point to continued renter pool expansion, with growth in households and incomes that can sustain demand for professionally managed apartments. The property s slightly newer-than-average vintage versus local stock supports competitive positioning, though targeted capital planning for late-1980s systems can unlock additional value-add potential over the hold.
- Occupancy above the metro median with rising neighborhood stability
- Competitive rent levels with modest affordability pressure aiding retention
- 3-mile demographics indicate a growing tenant base supporting lease-up and renewals
- 1987 vintage offers relative edge over older stock; targeted upgrades can enhance performance
- Risks: limited nearby childcare and aging systems may require capex; monitor market-level safety data availability