| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Zeeland Rd, Castleton on Hudson, NY, 12033, US |
| Region / Metro | Castleton on Hudson |
| Year of Construction | 2010 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20 Zeeland Rd Castleton on Hudson Multifamily Opportunity
Stable renter demand and high household incomes in the surrounding neighborhood support occupancy durability, according to WDSuite’s CRE market data. Strong local schools and suburban fundamentals position this asset for steady leasing and retention.
The property sits in a suburban neighborhood within the Albany–Schenectady–Troy metro that ranks 15 out of 295 metro neighborhoods, placing it firmly in the top quartile among 295 metro neighborhoods. Neighborhood occupancy is 96.5% and competitive among Albany–Schenectady–Troy neighborhoods, with performance in the top quintile nationally, which supports day-one leasing stability and reduces rollover risk during soft patches.
Household incomes in the neighborhood track above metro norms and sit in a high national percentile, and rent-to-income levels indicate manageable affordability pressure for typical renters. The share of housing units that are renter-occupied is around one-third at the neighborhood level, signaling a sufficient renter concentration to support multifamily absorption while still drawing from a broader homeowner base for move-up or downsizing demand.
Within a 3-mile radius, demographics show recent population growth alongside a larger increase in household counts, and forward-looking projections indicate continued household expansion even as average household size trends lower. For investors, more households and smaller household sizes translate into a larger tenant base and support for occupancy stability over the medium term.
Livability indicators are constructive for retention: the neighborhood’s average school rating is about 4.0 out of 5 (top-tier locally and strong nationally), pharmacies and childcare access trend above national averages, and parks and grocery options are present. Café density is limited, reflecting a quieter suburban profile, but that is often offset by convenient services and schools that underpin lease renewal rates. Neighborhood contract rents are positioned in the upper tier for the metro and have grown meaningfully over five years, according to WDSuite’s CRE market data.
Comparable, neighborhood-level crime metrics were not available from WDSuite for this location, so investors should contextualize safety using broader municipal reports and on-the-ground observations. In practice, operators often focus on lighting, access controls, and resident engagement to support leasing and retention regardless of specific crime benchmarks.
- IBM — technology & corporate offices (6.2 miles)
Nearby employment is anchored by a mix of corporate technology roles that support commuter convenience and broaden the renter pipeline.
Built in 2010, this 116-unit asset is newer than much of the area’s housing stock and should compete well against older properties while investors plan for mid-life system replacements over the hold. Neighborhood occupancy trends are strong versus metro and national benchmarks, and household incomes support sustained rent coverage and renewal potential, according to CRE market data from WDSuite. The combination of a solid school ecosystem and suburban amenities underpins stickier tenancy.
Within a 3-mile radius, recent growth in households and projections for further household gains—alongside smaller average household sizes—suggest a larger renter pool over time. While ownership costs in the area are relatively accessible compared with many U.S. markets, that dynamic can be balanced by the asset’s competitive vintage and neighborhood-level rent positioning.
- Newer 2010 construction offers competitive positioning versus older local stock
- Strong neighborhood occupancy and high-income households support leasing stability
- 3-mile area shows household growth and a larger renter pool over time
- School quality and suburban services reinforce retention and renewal rates
- Risk: relatively accessible ownership options may compete with Class B/C rents; active lease management and value-add features can mitigate