| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Antwerp Dr, Castleton On Hudson, NY, 12033, US |
| Region / Metro | Castleton On Hudson |
| Year of Construction | 2012 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5 Antwerp Dr Castleton On Hudson Multifamily Investment
Neighborhood fundamentals point to stable renter demand and resilient occupancy, according to WDSuite s CRE market data for the surrounding area. Strong schools and a suburban setting support resident retention while keeping leasing relatively steady.
Located in the Albany Schenectady Troy metro, the neighborhood surrounding 5 Antwerp Dr is suburban with investor-friendly balance: it is competitive among Albany Schenectady Troy neighborhoods (ranked 15 out of 295) and benefits from an A neighborhood rating in WDSuite. School quality rates in the top quartile nationally, which tends to support tenant retention and steady family-oriented renter demand.
Neighborhood occupancy is strong and competitive among the metro (rank 79 of 295; 80th percentile nationally), a setup that typically supports cash flow stability for multifamily assets. Renter-occupied housing represents roughly a third of units locally (above the national median), indicating a meaningful renter base without being over-supplied, which can aid leasing depth for a 20 –30 unit asset profile.
Daily-needs access is solid: grocery and pharmacy density track in the mid-to-high national percentiles, and park access is above the metro median. Childcare availability is comparatively favorable (73rd percentile nationally). Cafe density is limited, but overall amenity access ranks above the national midpoint, which aligns with a suburban, car-oriented living pattern.
Within a 3-mile radius, demographics show recent population growth alongside a larger increase in households, pointing to smaller household sizes and a gradually expanding renter pool. WDSuite s local projection indicates households continue to rise over the next five years even as population growth moderates, which supports occupancy stability and ongoing demand for rental units. Higher household incomes relative to national norms help underpin pricing power, while a rent-to-income profile near the national midpoint suggests manageable affordability pressure for operators.
Home values sit around the national 60th percentile and the value-to-income ratio trends below national averages, signaling a more accessible ownership market compared with many coastal metros. For investors, that can introduce some competition with for-sale options; however, solid schools, convenience amenities, and a stable occupancy backdrop help sustain renter demand.
Public safety indicators at the neighborhood level are limited in the available WDSuite feed for this location, so direct comparisons should be validated against local and metro sources. Investors typically benchmark police and municipal reports alongside metro-wide trends to understand whether safety conditions are improving or holding steady relative to the Albany Schenectady Troy region.
The area draws from a regional employment base that supports commuter demand. Nearby, technology services provide diversified white-collar jobs that can reinforce leasing stability.
- IBM technology services (6.3 miles)
Built in 2012, the property is newer than the neighborhood s mid-century average stock, offering competitive positioning versus older assets while leaving room for selective modernization over the hold. Neighborhood occupancy trends are solid and competitive within the metro, and school quality sits in the top quartile nationally factors that generally support retention and steady leasing. Based on CRE market data from WDSuite, area rents and incomes track above national midpoints, reinforcing demand depth for professionally managed multifamily.
Within a 3-mile radius, households have been increasing and are projected to keep rising, pointing to a larger tenant base even as average household sizes decline. Ownership remains relatively accessible for the region, which can create some competition with for-sale options; however, diversified employment access and daily-needs amenities help sustain renter reliance on multifamily housing.
- 2012 vintage competes well against older local stock; scope for targeted value-add to enhance rents and retention.
- Competitive neighborhood occupancy and top-quartile schools support stable leasing dynamics.
- Household growth within 3 miles expands the renter pool, aiding absorption and renewal performance.
- Daily-needs amenities (grocery, pharmacy, parks) align with suburban renter preferences and retention.
- Risk: more accessible ownership versus high-cost metros can compete with rentals; maintaining product quality and service is key to retention.