| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 59th | Good |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 117 Oak St, Maybrook, NY, 12543, US |
| Region / Metro | Maybrook |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
117 Oak St Maybrook NY 24-Unit Multifamily Investment
Neighborhood occupancy trends in the low-90s and a renter-occupied share around one-third signal steady leasing fundamentals for a small suburban asset, according to WDSuite’s CRE market data.
The property is located in Maybrook’s Inner Suburb setting within the Poughkeepsie–Newburgh–Middletown metro. The neighborhood holds an A rating and ranks 33 out of 221 metro neighborhoods, making it competitive among Poughkeepsie–Newburgh–Middletown neighborhoods. Amenity access is solid for a suburban node, with parks in the top quartile nationally and everyday services like pharmacies and cafes above national medians, supporting resident convenience and retention.
For investors, local rent levels sit near the national upper-mid range while the rent-to-income ratio indicates modest affordability pressure, which can aid lease retention and measured pricing power. Median home values are moderate for the region and the value-to-income ratio sits below national midpoints, meaning some households may evaluate ownership; underwriting should account for potential competition from entry-level for-sale options while recognizing that elevated ownership costs elsewhere in the metro can still sustain rental demand.
Tenure data points to a renter-occupied share near 37% in the neighborhood, indicating a meaningful but not saturated renter base. According to WDSuite’s CRE market data, neighborhood multifamily occupancy is in the low-90s and has improved over the last five years, suggesting stable demand conditions rather than late-cycle oversupply.
Demographic statistics aggregated within a 3-mile radius show population edging up recently, with households growing faster than population as average household size trends lower. Looking ahead, forecasts indicate additional household growth and income gains, implying a gradually expanding tenant base and support for occupancy stability over the medium term. School quality is above national median levels, which can help with family retention in workforce-oriented units.
Neighborhood-level crime data for this area is not available from WDSuite at this time. Investors typically benchmark safety by comparing municipal or county reports and trend indicators to nearby Poughkeepsie–Newburgh–Middletown neighborhoods to understand relative positioning and any directional changes.
Within commuting range, several established employers across apparel retail, medical technology, food and beverage, financial services, and industrial gases provide diversified job nodes that can support renter demand and lease stability.
- Ascena Retail Group — apparel retail (28.4 miles) — HQ
- Becton Dickinson — medical technology (32.3 miles) — HQ
- PepsiCo — food & beverage (34.1 miles)
- Prudential Financial — financial services (36.0 miles)
- Praxair — industrial gases (36.4 miles) — HQ
Built in 1973 with 24 units averaging roughly 700 square feet, the asset sits in a metro-competitive neighborhood where occupancy has held in the low-90s and improved over five years, based on CRE market data from WDSuite. The vintage suggests potential value-add through interior renovations and systems modernization, while neighborhood rent-to-income levels indicate manageable affordability pressure that can support retention and controlled rent growth.
Three-mile demographics point to steady population with faster household growth as household sizes decline, expanding the renter pool and supporting leasing. Moderate home values and an ownership market that is more accessible than high-cost coastal peers may introduce some competition from for-sale options, but the area’s employer base and everyday amenity access underpin durable workforce housing demand.
- Metro-competitive neighborhood with steady, improving occupancy supporting income durability.
- 1973 vintage offers practical value-add via unit upgrades and selective building system updates.
- Household growth within 3 miles and above-median incomes expand the tenant base and support leasing.
- Amenity access (parks, daily needs) and commutable employers aid retention and leasing stability.
- Risk: More accessible ownership options could compete at the margin—underwrite concessions and renewal strategies accordingly.