| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Poor |
| Demographics | 50th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Cliff St, Walden, NY, 12586, US |
| Region / Metro | Walden |
| Year of Construction | 1974 |
| Units | 56 |
| Transaction Date | 2015-07-16 |
| Transaction Price | $5,800,000 |
| Buyer | WALDEN PRESERVATION LP |
| Seller | WALDEN HOUSING ASSOCIATES |
400 Cliff St, Walden NY Multifamily Value-Add Opportunity
Neighborhood occupancy and income trends point to steady renter demand in an ownership-leaning pocket, according to WDSuite’s CRE market data, supporting durable cash flow potential.
Located in Walden within the Poughkeepsie–Newburgh–Middletown metro, the neighborhood is classified as an Inner Suburb with limited retail and daily-needs density. Amenity ranks sit well below metro medians (e.g., groceries, cafes, and parks are among the lowest tiers across 221 metro neighborhoods), indicating a more car-oriented living pattern that typically aligns with workforce housing and longer tenancy when pricing stays in line with local incomes.
From an investment lens, neighborhood rents benchmark in the upper-middle range nationally (contract rent sits around the 66th percentile), while occupancy is below the national midpoint (roughly the 37th percentile). Together this suggests a leasing environment where well-managed assets can sustain occupancy with disciplined pricing and targeted renewals rather than relying on rapid rent lifts.
Within a 3-mile radius, recent demographic data shows population growth and a double-digit increase in households, expanding the local tenant base. Projections point to further household gains and a rising renter concentration by 2028, which can broaden demand for professionally managed multifamily and support occupancy stability over time.
The average neighborhood housing vintage skews older (early-1900s), while this asset’s 1974 construction positions it as newer than much of the local stock. For investors, that typically means a competitive baseline relative to aging comparables, with practical value-add pathways through interior updates and system modernization to capture durable demand.
Comparable safety metrics at the neighborhood level are not available in WDSuite for this area. Investors often evaluate safety through multi-year trend comparisons at the village and county levels, and by benchmarking against nearby neighborhoods in the same metro to understand relative positioning and potential trajectory.
A prudent approach is to pair official public data with on-the-ground diligence (daypart visits, management feedback) to assess how safety perceptions may influence leasing velocity, retention, and operating practices.
Regional employment is anchored by corporate offices within commuting range, supporting workforce housing demand and lease retention for residents who value suburban living with access to major employers such as Ascena Retail Group, Praxair, PepsiCo, Becton Dickinson, and IBM.
- Ascena Retail Group — corporate offices (33.7 miles) — HQ
- Praxair — industrial gases corporate offices (36.4 miles) — HQ
- PepsiCo — consumer beverages corporate offices (37.6 miles)
- Becton Dickinson — medical technology corporate offices (37.7 miles) — HQ
- IBM — technology corporate offices (39.8 miles) — HQ
400 Cliff St is a 56-unit, 1974-vintage asset positioned in an ownership-leaning suburban pocket where incomes are strong and rent-to-income levels appear manageable. Based on commercial real estate analysis grounded in WDSuite data, the neighborhood’s rent positioning skews upper-middle nationally while occupancy runs below the national midpoint—conditions that favor consistent operations for well-managed properties that emphasize retention and measured rent growth.
Relative to the area’s older housing stock, the 1974 vintage offers competitive positioning with clear value-add potential through targeted renovations and building system upgrades. Household growth within a 3-mile radius and a projected rise in renter concentration point to a larger tenant base over the medium term, supporting occupancy stability and renewal-driven performance.
- Income-supported rents and manageable rent-to-income ratios suggest solid renewal prospects.
- Household growth within 3 miles and a rising renter share expand the tenant base.
- 1974 vintage is newer than much of the local stock, enabling targeted value-add.
- Regional employers within commuting range support workforce housing demand.
- Risks: amenity-light, car-oriented setting and below-median occupancy require hands-on leasing and retention strategy.