| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 51st | Fair |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 67 Boniface Dr, Pine Bush, NY, 12566, US |
| Region / Metro | Pine Bush |
| Year of Construction | 2006 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
67 Boniface Dr Pine Bush NY Multifamily Investment
Neighborhood occupancy trends are above national medians and renter-occupied share is in the metro s top quartile, according to WDSuite s CRE market data, supporting durable tenant demand for this 2006-vintage, 76-unit asset.
This suburban neighborhood carries a B rating and is competitive among Poughkeepsie-Newburgh-Middletown neighborhoods (ranked 88 out of 221), signaling balanced fundamentals rather than a speculative story. According to WDSuite s CRE market data, local apartment occupancy is above the national median and has improved over the past five years, a constructive backdrop for revenue stability.
Renter-occupied share sits in the top quartile among the metro s 221 neighborhoods and above national norms, indicating a deeper tenant base for multifamily relative to nearby owner-heavy areas. Median contract rents in the neighborhood trend around the metro middle but above national medians, which, paired with a rent-to-income profile that supports retention, points to attainable positioning rather than luxury exposure.
Ownership costs in the neighborhood are elevated versus the nation, which tends to reinforce reliance on multifamily housing and supports leasing velocity. The property s 2006 construction is newer than the neighborhood s average vintage (1970s era), offering a relative competitive edge versus older local stock while still allowing for targeted modernization to drive rent premiums and reduce near-term capital surprises.
Within a 3-mile radius, WDSuite s demographics indicate modest population contraction alongside stable-to-rising incomes and a shift toward smaller household sizes over the outlook period. More, smaller households can expand the renter pool and support occupancy. Retail and services density is modest locally (restaurants are competitive among metro peers; grocery and pharmacy access is serviceable, while parks and cafes are limited), suggesting everyday convenience with lower lifestyle frictions but limited walkable entertainment.
WDSuite does not provide a metro-ranked crime score for this neighborhood in the current release. Investors typically contextualize safety by comparing neighborhood trends with broader Orange County and metro patterns and by relying on on-site observations, property management feedback, and publicly available police and municipality reports. Framing safety at the neighborhood scale, rather than block-by-block, is the most reliable way to benchmark risk.
- Ascena Retail Group corporate offices (37.0 miles) HQ
- Becton Dickinson medical technology (40.7 miles) HQ
- Praxair industrial gases (42.4 miles) HQ
- PepsiCo beverages & CPG (43.0 miles)
- Toys "R" Us corporate offices (43.0 miles) HQ
Regional employment centers within commuting distance help support renter demand and retention for workforce and professional households, including apparel retail, medical technology, industrial gases, beverages, and toy retail.
67 Boniface Dr offers scale at 76 units with a 2006 vintage that is newer than much of the surrounding housing stock. Based on commercial real estate analysis from WDSuite, the neighborhood shows above-national occupancy, a top-quartile renter-occupied share within the metro, and rents positioned around the metro middle. Elevated ownership costs in the area tend to sustain multifamily demand and support leasing consistency.
Within a 3-mile radius, incomes are strong and trending upward while forecasts point to more, smaller households despite population contraction dynamics that can expand the renter pool and support occupancy management. The asset s relative youth versus older local stock suggests potential to capture incremental rent via selective upgrades while managing long-term capital items more predictably.
- Occupancy above national median and renter-occupied share in metro s top quartile support demand resilience.
- 2006 vintage provides a competitive position versus older neighborhood stock with targeted value-add potential.
- Elevated ownership costs locally reinforce reliance on rentals, aiding retention and pricing power.
- 3-mile outlook shows smaller household sizes and rising incomes, expanding the prospective renter base.
- Risks: modest amenity density and household/population shifts require focused leasing and retention strategy; neighborhood NOI per unit trends below national median may cap yield without operational improvements.