| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 50th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 53 Main St, Walden, NY, 12586, US |
| Region / Metro | Walden |
| Year of Construction | 1979 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
53 Main St, Walden NY Multifamily Investment
Neighborhood-level occupancy is stable and amenities rank well compared with the metro, according to WDSuite’s CRE market data, supporting durable renter demand for this 1979 vintage, mid-size asset.
The property sits in an inner-suburban neighborhood that is ranked 13 out of 221 in the Poughkeepsie–Newburgh–Middletown metro, signaling above-median fundamentals for investors. Neighborhood occupancy runs at 92.3%, indicating steady leasing conditions rather than a lease-up market. Amenity access is a strength: parks density ranks 3rd among 221 metro neighborhoods and sits in the top quartile nationally, while restaurants and pharmacies also benchmark above metro medians. These inputs typically support retention and day-to-day convenience for residents.
Vintage matters for operations. With a 1979 construction year, the asset is newer than much of the area’s housing stock (neighborhood average skews earlier-20th century), which can improve competitive positioning versus older comparables; investors should still plan for targeted modernization of aging systems to support rent attainment and control long-term capex.
Tenure patterns indicate a meaningful, but not saturated, renter base: at the neighborhood level, an estimated 38% of housing units are renter-occupied. Within a 3-mile radius, population has grown in recent years and households expanded notably, with WDSuite data also indicating further household growth ahead. This broadens the local tenant pool and can support occupancy stability for mid-size multifamily.
Ownership costs benchmark on the higher side for the region (value-to-income measures in the upper national percentiles), which tends to reinforce reliance on multifamily rentals. At the same time, rent-to-income levels are relatively moderate by national standards, a mix that can support lease retention and measured pricing power rather than sharp affordability pressure. School ratings in the area track below national averages, which is a consideration for family-oriented demand but not typically a primary driver for workforce-oriented assets.
Comparable neighborhood safety metrics are not available in WDSuite for this location at this time. Investors typically review neighborhood-versus-metro crime benchmarks when released and incorporate property-level measures (lighting, access control, management presence) into underwriting to support resident retention.
Regional employment is diversified across corporate headquarters and major offices within commuting range, supporting workforce housing demand and lease retention. Notable employers within driving distance include Ascena Retail Group, Praxair, PepsiCo, Becton Dickinson, and IBM.
- Ascena Retail Group — corporate offices (33.6 miles) — HQ
- Praxair — industrial gases corporate offices (36.1 miles) — HQ
- Pepsico — food & beverage corporate offices (37.4 miles)
- Becton Dickinson — medical technology corporate offices (37.6 miles) — HQ
- IBM — technology corporate offices (39.6 miles) — HQ
53 Main St offers a 1979-vintage, 27-unit footprint in a neighborhood that ranks above the metro median, with amenity access and steady 92.3% neighborhood occupancy supporting day-to-day leasing stability. Within a 3-mile radius, recent population growth and a larger household base point to a gradually expanding renter pool, while value-to-income metrics suggest a high-cost ownership market that sustains multifamily demand. Based on commercial real estate analysis from WDSuite, the area’s rent-to-income profile is comparatively manageable, reinforcing retention potential.
Given its relative youth versus older local stock, the asset can compete well with targeted system upgrades and common-area refreshes. Forward-looking household growth in the trade area and proximity to diversified employment nodes provide a durable demand backdrop, though investors should account for mixed school ratings and typical capex for late-1970s construction in underwriting.
- Above-median neighborhood rank (13 of 221) with stable 92.3% neighborhood occupancy supports leasing consistency
- 1979 vintage is newer than much of the area’s housing stock, offering competitive positioning with targeted upgrades
- 3-mile radius shows population and household growth, expanding the tenant base and supporting occupancy stability
- High-cost ownership context with manageable rent-to-income supports renter reliance and retention
- Risks: mixed school ratings, limited published safety metrics, and routine capex needs for late-1970s construction