| 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 | 73 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
95 Gilligan Rd East Greenbush, NY Multifamily Opportunity
Neighborhood occupancy around 96.5% supports steady renter demand and income durability, according to WDSuite’s CRE market data.
East Greenbush offers suburban fundamentals with reliable renter demand drivers. Neighborhood occupancy ranks competitive among Albany–Schenectady–Troy neighborhoods (79th of 295), indicating stable leasing conditions alongside measured rent growth. Median contract rents are positioned above many metro peers, while a rent-to-income profile near 0.17 suggests manageable affordability pressure that can aid retention and limit turnover volatility.
School quality is a notable strength: the neighborhood’s average school rating ranks 8th among 295 metro neighborhoods and is in the top quartile nationally, a factor that can enhance long-term renter stickiness for family-oriented product. Everyday amenities are serviceable, with pharmacy and grocery access tracking above metro medians and national mid-to-upper percentiles; cafe density is lower, consistent with a suburban format rather than an urban amenity set.
Within a 3-mile radius, households have increased over the past five years even as population edged down, pointing to smaller household sizes and a broader addressable tenant base. Forecasts call for additional household growth by 2028, supporting a larger renter pool and occupancy stability. Household incomes in the area are relatively strong versus national benchmarks, which can support mid-market pricing while keeping rent burden in check.
The renter-occupied share is roughly one-third of units locally (about 31%), reflecting an owner-leaning suburban market. For investors, that mix typically translates to steady workforce housing demand with less turnover than more transient urban submarkets. Based on multifamily property research from WDSuite, elevated home values relative to incomes are moderate for the region, which can sustain reliance on rental options but also implies some competition from ownership for price-sensitive households.
Neighborhood-level crime statistics are not available in this dataset. Investors commonly assess safety by comparing property-level measures and recent trend indicators to metro benchmarks and management practices, rather than drawing conclusions from block-level anecdotes.
Proximity to established corporate employment supports commute convenience and helps underpin renter retention. Nearby technology employment is represented by the following employer.
- IBM — technology services (4.5 miles)
Built in 2003, the property is materially newer than the neighborhood’s mid-century average, offering a competitive position against older local stock while leaving room for targeted modernization and energy-efficiency upgrades over a hold. Occupancy in the surrounding neighborhood is strong relative to the metro, and household incomes within a 3-mile radius provide support for mid-market rents with moderate affordability pressure, aiding renewal rates. According to commercial real estate analysis from WDSuite, local rent levels sit above many metro peers, yet the rent-to-income profile indicates room to manage pricing without overextending residents.
Demand fundamentals are reinforced by solid schools and a suburban amenity set that appeal to longer-tenured renters. The area’s owner-leaning tenure mix suggests a stable, less transient renter base, and forward projections indicate additional household growth that can expand the tenant pool and support occupancy stability. Key watchpoints include competition from ownership options and a thinner cafe/entertainment fabric than urban cores, which may modestly temper premium positioning.
- 2003 vintage provides competitive positioning versus older neighborhood stock with selective value-add potential
- Strong neighborhood occupancy and rising household counts support leasing stability
- Income depth and moderate rent burden enhance renewal prospects and pricing flexibility
- Quality schools and suburban amenities align with family-oriented renter retention
- Risks: accessible ownership alternatives and modest cafe/entertainment density may cap top-end rent premiums