| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 78th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 95 Gilligan Rd, East Greenbush, NY, 12061, US |
| Region / Metro | East Greenbush |
| Year of Construction | 2003 |
| Units | 120 |
| Transaction Date | 2023-02-15 |
| Transaction Price | $10,360,000 |
| Buyer | REGAL APRMENTS LLC |
| Seller | ROCO-GREENBUSH TER LLC |
95 Gilligan Rd, East Greenbush NY Multifamily Investment
Stabilized suburban fundamentals and strong household incomes suggest durable renter demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends are competitive for the Albany–Schenectady–Troy metro, supporting steady leasing performance.
The property sits in a suburban neighborhood rated A and ranked 15 out of 295 within the Albany–Schenectady–Troy metro, indicating strong local fundamentals relative to peers. Neighborhood occupancy is competitive among Albany–Schenectady–Troy neighborhoods, and renter-occupied housing accounts for a moderate share of units, reinforcing a stable tenant base for multifamily operators.
Schools are a local strength: the neighborhood’s average school rating is in the top quartile among 295 metro neighborhoods and in the 84th percentile nationally. Amenities skew toward daily needs rather than destination retail, with stronger access to pharmacies and childcare than to cafes, which aligns with a suburban, family-oriented renter profile.
Rents in the neighborhood benchmark above many metro peers (high national percentile), while the rent-to-income ratio remains manageable, which can aid retention and reduce turnover risk. Median home values are elevated relative to the national midpoint but not extreme, suggesting a balanced landscape where ownership is attainable for some households; for multifamily investors, this implies steady demand with some competitive pressure from for-sale options.
Construction patterns matter for positioning. The neighborhood’s average vintage skews older (1950s), while this asset was built in 2003—newer than much of the local stock—supporting competitive appeal versus aging properties. Investors should still plan for system updates typical of early-2000s construction as part of ongoing capital planning.
Demographic statistics aggregated within a 3-mile radius show a slight population dip in recent years alongside an increase in households, indicating smaller household sizes and a stable or expanding renter pool. Projections point to growth in both population and households over the next five years, which would expand the tenant base and support occupancy stability.
Neighborhood-level safety metrics are not available in WDSuite for this location, so comparative conclusions to the metro or nation cannot be drawn here. Investors typically contextualize safety by reviewing multi-year trends and regional comparisons; given the area’s suburban profile and steady occupancy, operators often pair onsite security practices with resident screening and community engagement to support leasing stability.
Nearby corporate offices provide a diversified employment base that supports renter demand and commuting convenience, notably within technology and professional services.
- IBM — technology & professional services (4.5 miles)
Built in 2003 with 120 units, this asset competes well against an older local stock while benefiting from a neighborhood that ranks among the stronger submarkets in the Albany–Schenectady–Troy metro. Household incomes are robust and the rent-to-income ratio is manageable, supporting retention and steady cash flows; meanwhile, neighborhood rents benchmark above many peers, offering revenue potential with disciplined lease management, according to CRE market data from WDSuite.
The moderate share of renter-occupied housing indicates a stable, but not saturated, tenant base. Within a 3-mile radius, households have grown even as average household size has eased—trends that can widen the renter pool. Looking ahead, forecast population and household growth point to demand that can support occupancy, while the asset’s early-2000s vintage suggests ongoing—but targeted—capital planning for building systems and light upgrades to maintain competitive positioning.
- Competitive vintage (2003) versus older neighborhood stock supports leasing appeal
- Strong household incomes with manageable rent-to-income bolster retention
- Neighborhood rents above many metro peers provide revenue potential with prudent management
- 3-mile household growth and projected population gains expand the renter pool
- Risk: relatively accessible home ownership in the area can compete with rentals—emphasize differentiation and resident experience