| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Poor |
| Demographics | 43rd | Poor |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Hoosick Meadows Way, Hoosick Falls, NY, 12090, US |
| Region / Metro | Hoosick Falls |
| Year of Construction | 1980 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Hoosick Meadows Way Hoosick Falls Multifamily Investment
1980-vintage, 25-unit asset positioned in a rural Rensselaer County setting with relatively affordable rents supporting tenant retention, according to WDSuite’s CRE market data. The neighborhood shows softer occupancy, so underwriting should emphasize leasing execution and value-focused positioning.
Hoosick Falls is a rural neighborhood with limited retail and services nearby, which places a premium on on-site functionality and property management. Amenities density is lower than most metro peers, so investors typically lean on convenience features and efficient operations rather than walkable retail to drive renewals.
School quality benchmarks are competitive among Albany–Schenectady–Troy neighborhoods, ranking in the top quartile among 295 metro neighborhoods, which can help stabilize family-oriented demand. At the same time, neighborhood occupancy trends sit below national medians, so lease-up and renewal strategies should focus on pricing discipline and resident experience.
Within a 3-mile radius, demographics indicate a mixed demand picture: recent population counts have edged down, yet household size has trended higher and forecasts point to an increase in households over the next five years. That combination can expand the tenant base even if overall population growth is muted, supporting occupancy stability when paired with effective leasing.
Home values are moderate for the region and ownership is relatively accessible, which can introduce competition from entry-level buying. However, rent-to-income levels test as favorable nationally, reinforcing that well-managed multifamily can maintain retention through value positioning. These dynamics, based on commercial real estate analysis from WDSuite, suggest the property competes on affordability and reliable operations rather than luxury finishes.
Comparable, property-specific crime metrics are not available in WDSuite’s dataset for this neighborhood. Investors should review municipal reports and insurer data to assess recent trends and compare them to broader Albany–Schenectady–Troy benchmarks. Incorporating lighting, access control, and resident engagement into the operating plan can also support tenant retention regardless of broader area trends.
Regional employment access is oriented to larger corporate offices within commuting range, supporting workforce renter demand. Notable employers within driving distance include IBM and McKesson.
- IBM — technology & corporate offices (25.6 miles)
- McKesson — healthcare distribution & corporate offices (35.0 miles)
Built in 1980, this 25-unit property is newer than much of the surrounding housing stock and can compete effectively against older rentals, while still warranting capital planning for aging systems. The rural setting shows lower amenity density and neighborhood occupancy below national medians, but rent-to-income levels are favorable, which supports retention for a value-oriented, professionally managed asset.
Within a 3-mile radius, recent data shows modest population contraction alongside increasing household size and a projected rise in total households, pointing to a larger tenant base over the medium term. According to CRE market data from WDSuite, these fundamentals, combined with moderate home values in the area, suggest steady renter demand with disciplined pricing and targeted unit improvements.
- 1980 vintage provides a competitive edge versus older neighborhood stock; plan for system upgrades to sustain performance.
- Favorable rent-to-income dynamics support tenant retention and leasing stability for value-focused units.
- 3-mile outlook indicates household growth, expanding the potential renter pool even if population growth is muted.
- Proximity to regional employers sustains workforce housing demand within commuting distance.
- Risks: rural amenity limitations, below-median neighborhood occupancy, and competition from accessible ownership options.