| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Delft Dr, Castleton On Hudson, NY, 12033, US |
| Region / Metro | Castleton On Hudson |
| Year of Construction | 2012 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13 Delft Dr Castleton-on-Hudson Multifamily Investment
Stable suburban fundamentals with high neighborhood occupancy and strong household incomes point to durable renter demand, according to WDSuite’s CRE market data. Recent rent levels trend above metro norms while rent-to-income remains manageable, supporting retention and steady leasing.
Castleton-on-Hudson sits within the Albany-Schenectady-Troy metro and this neighborhood is rated A and ranked 15 of 295 metro neighborhoods, signaling a competitive location for multifamily. Neighborhood occupancy is high and has edged up over the last five years, placing it above the metro median and supportive of cash flow stability.
Schools average roughly 4 out of 5 (ranked 8 of 295), placing the area in the top quartile nationally for school quality. Amenities are moderate for a suburban setting with reliable grocery and pharmacy access (both above metro median), though café density is limited; investors should underwrite convenience primarily to daily-needs retail rather than lifestyle clusters.
The renter-occupied share in the neighborhood is about 31% of housing units, indicating a lower renter concentration relative to many urban submarkets but a meaningful tenant base for garden and low-rise assets. Median contract rent sits in a higher national percentile while the rent-to-income ratio remains around 17%, which can aid retention and measured pricing power.
Within a 3-mile radius, demographics show population growth in the recent period and a notable increase in households, expanding the local tenant base. Forward-looking projections indicate households continue to rise even as average household size trends smaller, which can support occupancy stability. Elevated home values by regional standards, paired with high median incomes, suggest a high-cost ownership market that helps sustain reliance on quality rental options without overstating pricing power.
Comparable neighborhood-level safety metrics for this area were not available in the provided dataset from WDSuite. Investors typically benchmark safety by comparing neighborhood trends to metro norms and by corroborating with resident feedback and property-level history during diligence. Absent quantified ranks or percentiles, it is prudent to underwrite conservatively and validate on-the-ground conditions.
Proximity to regional employers helps support weekday traffic and resident retention; nearby corporate offices provide commute convenience for the renter base, including technology and business services roles referenced below.
- IBM — technology & business services (6.3 miles)
Built in 2012, the 36-unit property offers newer-vintage appeal in a metro where much of the housing stock is older, positioning it competitively versus legacy assets while leaving room for selective modernization over the next cycle. Neighborhood occupancy is strong and trending positive, and higher-income households support a deeper tenant base with manageable rent-to-income levels, based on CRE market data from WDSuite.
Households within a 3-mile radius have increased and are projected to keep rising as household sizes decline, which can support renter pool expansion and leasing durability. While ownership remains accessible in parts of the metro, this location’s school quality and daily-needs access help underpin renter stickiness; investors should still account for potential competition from for-sale options and monitor future population shifts when modeling lease-up and renewal velocity.
- Newer 2012 vintage versus older metro stock supports competitive positioning with modest, targeted CapEx
- High neighborhood occupancy with upward trend supports cash flow stability
- Strong household incomes and manageable rent-to-income bolster retention and measured pricing power
- 3-mile household growth and smaller household sizes point to a larger renter pool over time
- Risk: accessible ownership options and evolving population trends may temper rent growth in certain years