| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 49th | Fair |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7 Senior Way, Middletown, NY, 10940, US |
| Region / Metro | Middletown |
| Year of Construction | 1996 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7 Senior Way, Middletown NY Multifamily Investment
Neighborhood occupancy trends support steady leasing and renter demand in Middletown 940, according to WDSuite s CRE market data, pointing to durable income potential in an inner-suburban location.
Positioned in the Poughkeepsie Newburgh Middletown metro, the surrounding neighborhood is competitive among metro peers (ranked 56 out of 221), with inner-suburban dynamics that favor consistent renter demand and practical access to daily needs. Median home values sit elevated versus many U.S. neighborhoods, which tends to sustain reliance on rentals and can support pricing power for well-managed multifamily assets.
Amenity access is mixed: restaurant density is solid compared with national norms, grocery access is serviceable, and pharmacies rank stronger than average. Parks and cafes are relatively sparse in the immediate area, which may modestly influence lifestyle appeal; investors typically offset this with on-site conveniences or unit upgrades.
For rents and occupancy, the neighborhood s occupancy stands above national midpoints and has improved over recent years, helping support cash flow consistency. Neighborhood-level renter-occupied share is in the upper range locally, indicating a meaningful renter base to backfill turnover and stabilize leasing.
Within a 3-mile radius, demographics point to a growing tenant base: recent population and household growth have trended positive and are projected to expand further over the next five years, implying a larger pool of renters and support for occupancy stability. Median household incomes have moved higher, while the rent-to-income profile remains manageable, suggesting room for disciplined rent growth and solid retention with thoughtful lease management, based on CRE market data from WDSuite.
Vintage context: the property s 1996 construction is slightly newer than the neighborhood average vintage (early 1990s). This positioning can be competitive versus older stock, while still warranting targeted modernization of building systems and interiors to enhance rentability and reduce near-term capital surprises.
Safety signals are mixed and should be reviewed alongside current comps. Metro rankings indicate higher reported incidents than many peer neighborhoods, yet national percentiles suggest comparatively favorable conditions versus a broad set of U.S. neighborhoods. Recent trends also diverge: property-related incidents show modest improvement year over year, while the measure for violent incidents reflects a notable uptick. Investors may wish to incorporate enhanced security measures and diligent tenant screening into underwriting, and compare block-level trends to nearby submarkets for context.
Regional employers within commuting range help underpin renter demand through a diversified base spanning retail apparel, medical technology, consumer goods, and financial services. Notable nearby hubs include Ascena Retail Group, Becton Dickinson, Toys 22R 22 Us, Prudential Financial, and Airgas Lincoln Park.
- Ascena Retail Group retail apparel (29.1 miles) HQ
- Becton Dickinson medical technology (32.2 miles) HQ
- Toys 22R 22 Us retail & corporate services (33.9 miles) HQ
- Prudential Financial financial services (37.4 miles)
- Airgas Lincoln Park industrial gases & distribution (37.7 miles)
The asset s inner-suburban location offers a balanced demand story: occupancy in the surrounding neighborhood tracks above national midpoints and has strengthened in recent years, while a sizable renter-occupied share supports backfill and lease stability. Elevated home values relative to income in the area indicate a high-cost ownership market, which generally reinforces multifamily demand and can aid pricing power when paired with prudent lease management.
Built in 1996, the property is slightly newer than the neighborhood s average vintage, positioning it competitively versus older stock. Select modernization of interiors and building systems can unlock value-add potential without the full capital burden of much older assets. Nearby demographics (aggregated within a 3-mile radius) show recent population and household growth and are projected to expand further, pointing to a larger tenant base over the medium term, according to CRE market data from WDSuite.
- Occupancy above midpoints and improving trend support income durability.
- Elevated ownership costs reinforce renter reliance, aiding pricing power for quality units.
- 1996 vintage offers competitive positioning with targeted value-add and system updates.
- 3-mile demographic growth expands the renter pool and supports lease-up/retention.
- Risks: mixed safety signals and limited nearby parks/cafes may require amenity strategy and security diligence.