| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 48th | Poor |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4 Brescia Way, Montgomery, NY, 12549, US |
| Region / Metro | Montgomery |
| Year of Construction | 2007 |
| Units | 60 |
| Transaction Date | 2006-12-06 |
| Transaction Price | $430,000 |
| Buyer | MONTGOMERY MANOR HOUSING DEVELOPMENT FUND |
| Seller | WARWICK PROPERTIES INC |
4 Brescia Way, Montgomery NY Multifamily Investment
Neighborhood occupancy is resilient and renter demand appears steady, based on CRE market data from WDSuite indicating stable performance for comparable suburban product. Investor focus centers on retention and pricing discipline rather than lease-up risk.
Situated in Montgomery within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood carries a B rating and ranks 95 out of 221 metro neighborhoods, placing it above the metro median. According to WDSuite’s CRE market data, neighborhood occupancy is 95.4% and has trended higher over five years, a setup that typically supports cash flow stability for well-managed assets.
Livability skews suburban. Park access is comparatively strong (top quartile nationally), and cafes are more available than the national norm, while everyday retail like grocery and pharmacy is thinner within the immediate neighborhood. Average school ratings sit around the national middle, which investors often view as neutral for family-oriented renter retention.
Tenure patterns indicate a lower renter concentration in the neighborhood (about 28% of housing units are renter-occupied), suggesting demand is present but not deep like urban cores; operators often emphasize renewal management and targeted marketing to sustain occupancy. Median home values are elevated for the region, which can sustain reliance on multifamily for households not pursuing ownership, while the rent-to-income profile points to manageable affordability pressure that can aid lease retention.
Within a 3-mile radius, demographics show a modest population contraction historically with household counts roughly stable; forward-looking estimates point to a rise in households alongside smaller average household sizes. For investors, that pattern can translate into a broader tenant base per household, supporting steady absorption and occupancy, even as overall population growth remains muted.
Neighborhood-level crime metrics were not available from WDSuite for this area, so comparative safety positioning versus the metro’s 221 neighborhoods or national percentiles cannot be stated here. Investors typically benchmark property performance and insurance planning with metro and municipal sources to complement on-the-ground diligence and trend reviews.
Regional employment is anchored by corporate offices within commuting reach, supporting renter demand through diversified white-collar and operational roles. Key nearby employers include Ascena Retail Group, Becton Dickinson, PepsiCo, Praxair, and Toys “R” Us.
- Ascena Retail Group — apparel retail HQ (31.3 miles) — HQ
- Becton Dickinson — medical technology (35.2 miles) — HQ
- PepsiCo — food & beverage corporate offices (36.5 miles)
- Praxair — industrial gases (37.3 miles) — HQ
- Toys “R” Us — retail corporate offices (37.7 miles) — HQ
Built in 2007, the 60-unit asset is newer than much of the area’s housing stock (which skews 1970s), providing a competitive edge versus older comparables while still warranting mid-life capital planning for building systems. According to CRE market data from WDSuite, the neighborhood’s occupancy rate of 95.4% sits above metro medians, indicating stable rent rolls for disciplined operators.
The surrounding 3-mile area shows steady household formation alongside smaller household sizes over the forecast window, which can expand the renter pool even as total population growth is soft. Elevated home values in the neighborhood context and a balanced rent-to-income profile point to sustained rental reliance and manageable retention risk, provided operators maintain prudent renewal strategies and expense control.
- 2007 vintage offers competitive positioning versus older stock, with prudent mid-life system upgrades to protect NOI
- Neighborhood occupancy around the mid-90s supports cash flow visibility and renewal-focused asset plans
- Household growth and smaller household sizes within 3 miles broaden the tenant base and can support absorption
- Elevated ownership costs in the area reinforce steady multifamily demand and lease retention potential
- Risk: thinner nearby retail and average school benchmarks may require targeted marketing and resident programming to sustain renewals