| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Antwerp Dr, Castleton On Hudson, NY, 12033, US |
| Region / Metro | Castleton On Hudson |
| Year of Construction | 2011 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2 Antwerp Dr Castleton On Hudson Multifamily Investment
Neighborhood occupancy has been resilient and the 2011 vintage positions the asset competitively versus older local stock, according to WDSuite’s CRE market data. The key investor takeaway is stable renter demand in a suburban setting with room for disciplined value-add over time.
Castleton On Hudson sits within the Albany-Schenectady-Troy metro and shows solid livability drivers for renters. Neighborhood occupancy is high and has edged up over the last five years, with the neighborhood’s occupancy rate ranking 79th among 295 metro neighborhoods—competitive among Albany-Schenectady-Troy neighborhoods and around the top quintile nationally. These are neighborhood-level indicators, not property-specific performance.
Local pricing skews on the higher side for the metro: neighborhood median contract rent ranks 17th of 295 (top-tier locally and strong versus national peers). With a neighborhood renter-occupied share near one-third, the renter concentration supports a meaningful tenant base without signaling oversaturation. Median rent levels, paired with a rent-to-income profile that suggests manageable rent burden, point to potential for steady renewals and disciplined pricing power at the asset level.
Schools are a relative strength: the average school rating is competitive among metro peers (ranked 8th of 295) and sits in the top quartile nationally. Amenities are moderate for a suburban node, with everyday needs like groceries and pharmacies represented at above-median levels for the metro, while cafes and restaurants are more limited in immediate density. These neighborhood metrics inform renter appeal, not the property’s on-site offerings.
Within a 3-mile radius, households have grown in recent years and are projected to continue increasing even as average household size trends smaller. This pattern implies a larger number of households and a potentially expanding renter pool, which can support occupancy stability and absorption for one- and two-bedroom product. Median home values in the neighborhood are elevated relative to many national peers, which can reinforce reliance on multifamily rentals, though the metro’s value-to-income context also means some competition from ownership alternatives.
Neighborhood-level crime metrics are not available in WDSuite for this area at this time. As a result, investors should rely on multiple sources for diligence and focus on broader suburban trends and property-level controls (lighting, access management, and resident screening) when assessing risk. Any safety interpretations here refer to the neighborhood generally and not to specific blocks or the property.
Proximity to nearby corporate employment supports commute convenience for renters and can aid retention. Notable nearby employer includes the following organization within a short drive.
- IBM — corporate offices (6.2 miles)
Built in 2011, the property is materially newer than the neighborhood’s older housing stock, offering a competitive edge on finishes and systems while leaving room for targeted modernization over time. Neighborhood indicators point to durable renter demand: occupancy is high and trending stable, schools rate well, and rents benchmark near the top of metro peers—conditions that generally support leasing velocity and renewal capture, based on CRE market data from WDSuite.
Within a 3-mile radius, household counts have increased and are expected to keep rising even as average household size moderates. That combination typically expands the tenant base for multifamily, especially for smaller formats, supporting occupancy stability. At the same time, the metro’s ownership accessibility means investors should plan for measured rent setting and amenity positioning to compete effectively with for-sale options.
- 2011 vintage offers competitive positioning versus older neighborhood stock with selective value-add potential
- Neighborhood occupancy strong and steady, supporting leasing stability at the asset level
- High relative rent benchmarks and strong school ratings underpin renter appeal and renewal prospects
- 3-mile household growth and smaller household sizes point to a broader renter pool for smaller units
- Risk: accessible ownership in the metro and limited immediate amenity density may cap pricing power without thoughtful upgrades