| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 61st | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 40 W Point Hwy, Highland Falls, NY, 10928, US |
| Region / Metro | Highland Falls |
| Year of Construction | 1984 |
| Units | 51 |
| Transaction Date | 2007-10-04 |
| Transaction Price | $4,400,000 |
| Buyer | HIGHLAND FALLS PRESERVATION LP |
| Seller | QUAKER HILL HOUSING ASSOC |
40 W Point Hwy Highland Falls Multifamily Investment
Neighborhood occupancy has held in the mid-90s, supporting steady leasing and retention according to WDSuite’s CRE market data, with local renter demand reinforced by a growing 3-mile household base. Position near major Hudson Valley employers adds durable renter draw without requiring urban density.
The property sits in an A- rated suburban neighborhood that ranks 50th out of 221 metro neighborhoods—above the metro median in the Poughkeepsie–Newburgh–Middletown region. For investors, this positioning signals stable fundamentals without paying a core urban premium.
Neighborhood occupancy is reported at 95.8% and has trended up over the past five years, indicating resilient renter demand at the neighborhood level (not the property). Median contract rent at the neighborhood level is positioned around the upper-middle range nationally, while the rent-to-income ratio sits near 0.17—useful for lease management and mitigating affordability-related turnover risk.
Within a 3-mile radius, demographics indicate recent double-digit population and household growth, with forecasts pointing to continued expansion and a smaller average household size. This combination typically broadens the tenant base and supports occupancy stability over time. Renter-occupied share within the 3-mile radius is majority-leaning and projected to increase, reinforcing depth of demand for multifamily units.
Ownership costs in the neighborhood trend higher than many areas nationally, which can sustain reliance on multifamily options and support pricing power in well-managed assets. Amenity density is modest—limited cafe and childcare counts—yet grocery, parks, and pharmacies are available at levels competitive with many suburban peers. Average school ratings are near the national middle, adequate for family renters evaluating value and commute tradeoffs.
Asset vintage: Constructed in 1984, the property is newer than the neighborhood’s average construction year (1953). That positioning can be advantageous versus older stock, while still warranting targeted capital planning for building systems and common-area updates to meet contemporary renter expectations.
Comparable crime metrics are not published for this neighborhood in WDSuite’s current dataset for the Poughkeepsie–Newburgh–Middletown metro (221 neighborhoods). Investors typically benchmark safety using multiple sources and time horizons and pair that with property-level measures (lighting, access control) during underwriting.
Commutable corporate employers in Westchester and the lower Hudson Valley support a steady, income-diverse renter base, with proximity that can aid retention and leasing consistency. Key nodes include PepsiCo, IBM, Praxair, Ascena Retail Group, and Mastercard.
- PepsiCo — beverage & snacks corporate offices (20.3 miles)
- IBM — technology & services (22.1 miles) — HQ
- Praxair — industrial gases (22.4 miles) — HQ
- Ascena Retail Group — apparel retail (23.1 miles) — HQ
- Mastercard — payments & fintech (27.3 miles) — HQ
40 W Point Hwy offers an investor profile built around occupancy stability, commuter access to major Hudson Valley employers, and a favorable positioning versus older neighborhood stock. Based on CRE market data from WDSuite, neighborhood occupancy trends remain above the metro median among 221 neighborhoods, and 3-mile demographics show recent and forecast growth in population and households—factors that generally expand the renter pool and help sustain leasing performance. The 1984 vintage is newer than the area average, suggesting competitive positioning against older comparables while still benefiting from targeted value-add or system modernization.
Affordability dynamics are supportive: neighborhood rents sit around the upper-middle range nationally while rent-to-income levels remain manageable, which can assist lease retention and measured pricing power. Amenity density is modest, but proximity to established employment corridors and steady neighborhood ratings indicate durable fundamentals for a well-operated multifamily asset.
- Occupancy stability above the metro median, supporting income consistency
- 3-mile population and household growth expands the tenant base
- 1984 vintage can out-compete older stock with targeted upgrades
- Rent-to-income levels support retention and disciplined rent management
- Risks: modest amenity density and average schools may require stronger on-site offerings