| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2055 E Schodack Rd, Castleton On Hudson, NY, 12033, US |
| Region / Metro | Castleton On Hudson |
| Year of Construction | 2006 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2055 E Schodack Rd, Castleton On Hudson Multifamily Investment
2006-vintage, 49-unit asset positioned for steady leasing in a suburban pocket where neighborhood occupancy trends have been resilient, according to WDSuite’s CRE market data. Larger floor plans support family and move-up renter demand relative to older local stock.
Castleton On Hudson sits within the Albany–Schenectady–Troy metro and this neighborhood rates A (ranked 15 out of 295), placing it in the top quartile among metro neighborhoods. Investors can expect suburban livability with everyday services nearby; grocery and pharmacy access track above many U.S. areas (around the mid-60s to high-70s national percentiles), while restaurants are present but not dense.
Occupancy at the neighborhood level is strong and competitive among Albany–Schenectady–Troy neighborhoods (ranked 79 of 295) and roughly in the 80th percentile nationally, a constructive signal for lease stability and renewal velocity. Median contract rents at the neighborhood level sit in an upper range (about the low-80s national percentile over the past cycle), indicating pricing power where product quality and management execution are aligned.
The area’s housing stock skews older (average vintage near the 1950s), which gives a 2006-built property relative competitiveness versus legacy assets, while still requiring normal mid-life system updates over a hold. Renter-occupied housing accounts for roughly 31% of neighborhood units, suggesting a moderate renter concentration that can support demand for quality multifamily while avoiding over-reliance on a narrow tenant base.
Within a 3-mile radius, WDSuite data shows households have increased over the last five years and are projected to keep rising even as average household size trends down. This combination typically expands the renter pool and supports occupancy stability. Higher-income profiles (around the low-80s national percentile for neighborhood median household income) and a favorable rent-to-income backdrop help underpin collections and retention. Average school ratings trend strong (near the mid-80s national percentile), reinforcing family-oriented demand for larger two- and three-bedroom layouts.
Comparable neighborhood-level crime metrics were not available in WDSuite for this location in the current release. Investors commonly contextualize safety by reviewing metro and county trend reports, property-level incident logs, and insurance loss runs to gauge relative risk and to align security measures with resident expectations.
The surrounding employment base includes regional technology offices that help support commuter demand and weekday occupancy, with proximity conducive to retention for skilled workers.
- IBM — technology & corporate offices (7.9 miles)
Built in 2006, the 49-unit property offers newer vintage relative to an area dominated by mid-century stock, positioning it well against older comparables while leaving room for targeted capital programs to refresh interiors and building systems over time. Neighborhood occupancy trends sit competitively within the metro and are strong nationally, supporting stable cash flow prospects when paired with disciplined leasing and operations.
Household growth within a 3-mile radius alongside smaller household sizes points to a larger renter pool over the medium term. Elevated neighborhood incomes and a favorable rent-to-income profile support collections and renewal outcomes, and median rents in the area have trended in an upper range — a backdrop that can sustain pricing for well-managed assets. According to CRE market data from WDSuite, service access (grocery and pharmacy) is solid for a suburban location, and school quality trends bolster family-oriented floor plans.
- 2006 vintage competes well versus older local stock, with value-add or modernization potential over the hold
- Competitive neighborhood occupancy and upper-range rent positioning support revenue stability with capable management
- 3-mile household growth and shrinking household size expand the renter pool and support leasing velocity
- Higher-income profiles and favorable rent-to-income dynamics underpin collections and renewal potential
- Risks: suburban amenity density is moderate and population is projected to soften; execution should focus on retention, convenience, and targeted upgrades