| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 87th | Best |
| Amenities | 17th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Liberty Ct, Warwick, NY, 10990, US |
| Region / Metro | Warwick |
| Year of Construction | 2011 |
| Units | 83 |
| Transaction Date | 2010-12-16 |
| Transaction Price | $500,000 |
| Buyer | LIBERTY GREEN III HOUSING DEVELOPMENT FUND |
| Seller | LIBERTY GREEN ASSOC III L |
3 Liberty Ct Warwick Multifamily — 2011 Build, 83 Units
Neighborhood occupancy is strong at 96.5%, supporting stable renter demand in Warwick; these conditions are corroborated by WDSuite’s CRE market data.
Warwick’s neighborhood profile skews suburban with resilient fundamentals for multifamily. Neighborhood occupancy stands at 96.5% and is competitive among Poughkeepsie–Newburgh–Middletown neighborhoods (ranked 65 out of 221), while performing in the top quintile nationally (81st percentile), according to WDSuite’s CRE market data. For investors, this points to steady leasing and reduced downtime relative to softer submarkets.
The property’s 2011 construction is newer than the neighborhood’s average vintage of 1977, providing a competitive edge versus older stock. Investors should still plan for mid‑life systems and common‑area refreshes over the hold, but the comparative youth supports leasing versus legacy assets that often require heavier capex.
Tenure patterns indicate a measured renter base: approximately 35.7% of housing units in the neighborhood are renter‑occupied. This suggests a stable but not saturated pool of renters, with depth supported by strong local school ratings (ranked 2 out of 221 metro neighborhoods and top quartile nationally) that can aid retention for family‑oriented households.
Within a 3‑mile radius, households have grown modestly in recent years and are projected to increase further by 2028, pointing to a larger tenant base even as population remains roughly flat. Median rents track slightly above national norms while remaining moderate by local standards, which can support occupancy stability. Elevated home values (94th percentile nationally within the neighborhood) characterize a high‑cost ownership market in Orange County, often reinforcing reliance on multifamily housing and aiding lease retention.
Amenity density within the immediate neighborhood is limited for cafes, parks, and pharmacies, with restaurants and grocery options around metro averages. For workforce renters, this places more emphasis on drivability and regional connectivity rather than walkable retail, a common dynamic in suburban Hudson Valley locations.
Comparable neighborhood crime metrics are not published in WDSuite for this area, so investors typically benchmark safety using broader municipal trends and qualitative diligence. Strong neighborhood occupancy and highly rated schools often coincide with stable living conditions in suburban Hudson Valley contexts, but on‑site and local law‑enforcement reviews remain prudent steps during underwriting.
Regional employers within commuting distance support renter demand and retention, particularly in retail apparel, medical technology, toy retail, industrial gases, and financial services.
- Ascena Retail Group — retail apparel (16.5 miles) — HQ
- Becton Dickinson — medical technology (18.9 miles) — HQ
- Toys "R" Us — toy retail (20.3 miles) — HQ
- Airgas Lincoln Park — industrial gases (24.0 miles)
- Prudential Financial — financial services (24.9 miles)
3 Liberty Ct combines newer construction (2011) with a suburban location where neighborhood occupancy is competitively high versus the metro and in the top quintile nationally. The property’s vintage should compare favorably to the area’s older 1970s housing stock, helping leasing while allowing for targeted mid‑life upgrades rather than heavy repositioning. High neighborhood home values indicate a high‑cost ownership market, which can sustain rental demand and support retention.
Within a 3‑mile radius, households have been increasing and are projected to grow further, implying a larger tenant base even as population remains roughly flat. Rents sit slightly above national norms yet remain moderate locally, which can underpin occupancy stability and revenue management, according to CRE market data from WDSuite. Limited walkable amenities nearby and measured renter concentration suggest demand is driven by schools, suburban lifestyle, and commuting access rather than urban convenience.
- Newer 2011 construction versus older neighborhood stock supports leasing and moderates near‑term capex.
- Competitive neighborhood occupancy (top‑quintile nationally) points to stable cash flow potential.
- High neighborhood home values reinforce reliance on rental housing and aid lease retention.
- Household growth within 3 miles expands the tenant base, supporting steady absorption.
- Risk: limited immediate amenity density and a moderate renter share may temper velocity in slower seasons.