| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 82nd | Best |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Forrest Pointe Dr, East Greenbush, NY, 12061, US |
| Region / Metro | East Greenbush |
| Year of Construction | 2006 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Forrest Pointe Dr East Greenbush Multifamily Investment
Neighborhood occupancy is around 94% and the 2006 vintage positions this asset competitively versus older local stock, according to CRE market data from WDSuite. The combination suggests durable renter demand with manageable near-term capital planning.
Situated in the Albany-Schenectady-Troy metro, the neighborhood carries an A rating and is competitive among Albany-Schenectady-Troy neighborhoods (rank 33 of 295). Caf es per square mile test in the top quartile nationally, pharmacies track above average, while grocery access is around the national middle; park and childcare access are limited. Average school ratings land in the top quartile nationally (4.0/5), a supportive signal for household stability based on CRE market data from WDSuite.
The area 9s housing stock skews older, but this asset 9s 2006 construction is newer than the local average (1960), providing a relative edge against aging properties while still warranting routine systems updates over time. Neighborhood occupancy trends sit above the national median (65th percentile), supporting income stability at the property level.
Within a 3-mile radius, demographic statistics show recent population growth and an increase in households, indicating a larger tenant base and supporting occupancy stability. Renter-occupied housing sits at roughly one-third of units, offering a meaningful but not saturated renter pool for multifamily leasing.
Ownership costs are moderate for the region, and with rent-to-income around 0.16, affordability pressure appears manageable. This setup can aid lease retention and measured pricing power, though investors should monitor household budgets and renewal behavior as rents evolve relative to incomes.
Neighborhood-level public safety metrics are limited in this release, so investors typically benchmark local conditions against broader Albany-Schenectady-Troy and national trends. Given the area 9s stable residential profile, prudent diligence including daytime/overnight visits and discussions with local stakeholders is advisable to validate on-the-ground conditions and leasing implications.
Nearby employment includes technology services with short commutes, which can support workforce renter demand and retention at this location.
- IBM technology & services (3.4 miles)
This 2006-vintage, 34-unit asset benefits from a neighborhood with above-median occupancy and strong school quality, pointing to durable demand and income stability. Within a 3-mile radius, recent population growth and rising household counts expand the tenant base, while rent-to-income around 0.16 suggests manageable affordability pressure that can support lease retention. According to CRE market data from WDSuite, the property 9s relative newness versus the area 9s older housing stock enhances competitiveness while leaving room for targeted modernization to drive value.
Moderate home values for the region and a meaningful renter concentration indicate steady multifamily demand, with cafes and pharmacy access supportive of day-to-day livability even as park and childcare access remain limited. Overall, the combination of occupancy stability, demographic tailwinds within 3 miles, and a newer vintage underpins a measured, long-term multifamily thesis with attention to operational execution.
- Above-median neighborhood occupancy and top-quartile schools support stable tenancy
- 2006 construction outcompetes older local stock while allowing targeted value-add
- 3-mile population and household growth expand the renter pool, aiding leasing
- Manageable rent-to-income dynamics bolster retention and measured pricing power
- Risks: rural amenity depth (parks/childcare) and a balanced renter mix require disciplined leasing and renewals