| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 63rd | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 114 Green Ave, Castleton On Hudson, NY, 12033, US |
| Region / Metro | Castleton On Hudson |
| Year of Construction | 1991 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
114 Green Ave, Castleton-on-Hudson NY Multifamily
Stabilized neighborhood fundamentals and a modest rent-to-income profile point to steady renter demand and retention potential, according to WDSuite’s CRE market data. The property’s submarket draws on regional employment while offering comparatively accessible rents for the area.
Castleton-on-Hudson sits within the Albany–Schenectady–Troy metro and is rated B, ranking 132 out of 295 metro neighborhoods — above the metro median. Neighborhood occupancy is strong and has trended up in recent years, supporting leasing stability relative to many peer locations nationwide. Rents in the area sit near the national middle while the neighborhood rent-to-income ratio is favorable, which can aid renewal rates and limit turnover risk from affordability pressure.
Within a 3-mile radius, households have inched higher even as population declined, suggesting smaller household sizes and a gradual shift toward more, smaller households — typically supportive of a larger tenant base over time. Forecasts point to additional household growth over the next five years, which would expand the local renter pool and help sustain occupancy.
Amenities are modest: limited retail density for groceries and cafes locally, though park access scores above many neighborhoods nationally and average school ratings are comparatively strong for the metro (3.5/5; top quartile among 295 metro neighborhoods). For investors, this mix often aligns with quieter, residential demand drivers rather than destination retail — a reasonable fit for workforce-oriented multifamily.
The surrounding housing stock skews older on average (early 1900s), while this asset’s 1991 vintage offers relative competitiveness versus nearby buildings. That positioning can reduce near-term obsolescence risk while still leaving room for targeted modernization or system upgrades to sharpen leasing performance.
Tenure data indicates a lower share of renter-occupied housing locally, which implies a smaller but more defined renter cohort. Combined with median household incomes that sit above national medians, the area supports demand for well-managed, professionally operated apartments with an emphasis on retention.
Neighborhood-level crime benchmarking is not available in the current WDSuite release for this location. Investors typically compare property performance and risk management practices against metro and national norms, emphasizing lighting, access controls, and partnership with local first responders as standard operating considerations.
Given the rural setting and residential character, underwriting should rely on property-specific measures and broader metro trend comparisons rather than block-level assumptions. Regular monitoring of updated data in WDSuite can help keep context current over the hold period.
Regional employment is anchored by technology and professional services within commuting distance, supporting renter demand from households prioritizing convenience to work centers. Notable nearby employer:
- IBM — technology & services (8.3 miles)
114 Green Ave is a 60-unit, 1991-vintage multifamily asset positioned in a fundamentally stable, residential pocket of Rensselaer County. Relative to the area’s older housing stock, the property’s vintage is competitive and may require targeted modernization rather than full-scope repositioning. Neighborhood occupancy is healthy and trending positive, and the local rent-to-income profile suggests manageable affordability pressure that can support retention. According to CRE market data from WDSuite, the neighborhood ranks above the metro median overall, with schools and parks scoring comparatively well for the region.
Within a 3-mile radius, households have grown slightly despite a smaller population base, and projections indicate additional household gains over the next five years, which typically expands the renter pool and supports occupancy stability. Amenity density is light, so leasing strategy should lean into quiet, residential appeal and commute access to nearby employment nodes.
- Healthy neighborhood occupancy and rising trend support leasing stability
- 1991 vintage competes well versus older local stock; targeted updates can enhance NOI
- Favorable rent-to-income dynamics point to retention and pricing discipline
- 3-mile household growth and projections expand the tenant base over time
- Risk: thin retail amenity density and a smaller renter cohort may temper lease-up velocity