| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 40th | Poor |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9 Bussey Ln, Hoosick Falls, NY, 12090, US |
| Region / Metro | Hoosick Falls |
| Year of Construction | 1991 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9 Bussey Ln Hoosick Falls 26-Unit Multifamily Opportunity
Positioned in a largely owner-occupied suburban area, the property benefits from relatively low rent-to-income levels that can support retention and steady leasing, according to WDSuite’s CRE market data.
Hoosick Falls sits within the Albany–Schenectady–Troy metro and rates C+ overall (ranked 205 among 295 metro neighborhoods), indicating a middle-of-the-pack location with selective strengths for workforce housing. Restaurants and everyday services are accessible: neighborhood restaurant density is in the top quartile nationally, and both grocery and pharmacy access track above national norms, while parks and cafes are limited. This mix suggests car-oriented convenience more than lifestyle amenities.
The neighborhood’s housing stock skews older than the property; typical construction dates back to the late 19th century. With a 1991 vintage, the asset is materially newer than local comparables, supporting competitive positioning versus older inventory while still warranting ongoing system upgrades common for three-decade-old buildings.
Renter demand indicators are mixed. The share of renter-occupied housing in the neighborhood sits above the national median (65th percentile), pointing to a workable tenant base; however, neighborhood occupancy trends rank in the lower quintile nationally, signaling that lease-up and renewal management merit attention. Within a 3-mile radius, households have grown smaller over time, and rent burdens are relatively modest, which can aid retention and measured rent growth. Based on commercial real estate analysis from WDSuite, ownership costs are comparatively accessible locally, so pricing strategy should account for potential competition from entry-level ownership.
Demographics within a 3-mile radius show recent population contraction with a larger share of older residents, but the outlook anticipates an increase in total households even as population edges down—an indicator of smaller household sizes that can support a stable flow of renters seeking smaller formats. These dynamics favor consistent, needs-based multifamily demand if operations remain disciplined.
Comparable crime benchmarks for this neighborhood were not available in WDSuite’s dataset at publication. Investors should consider regional context and on-the-ground diligence to assess property-level safety, focusing on trends over time rather than isolated incidents.
Regional employment is diversified, with large corporate offices within commuting range that can support renter demand and retention. Nearby anchors include IBM and McKesson.
- IBM — technology & services (26.8 miles)
- McKesson — healthcare distribution (34.4 miles)
Built in 1991 with 26 units averaging roughly 733 square feet, this asset is newer than much of the surrounding housing stock, offering relative competitiveness versus older inventory while leaving room for targeted modernization to strengthen rents and resident experience. According to CRE market data from WDSuite, neighborhood occupancy runs below national norms, so execution will hinge on disciplined leasing, renewals, and expense control; the area’s relatively modest rent-to-income levels help support retention and steady cash flow.
Market context is balanced: everyday services score well (restaurants, grocery, pharmacy), while amenities like parks and cafes are limited. Within a 3-mile radius, population has trended lower but households are projected to rise, implying smaller household sizes and an expanding renter pool for right-sized units. Home values are relatively accessible, which can create competition from entry-level ownership, but it also encourages pragmatic renters who value predictable housing costs—favoring well-managed multifamily with clear value.
- 1991 vintage is newer than local stock, with value-add potential through selective system and finish upgrades
- Everyday services are strong (restaurants, grocery, pharmacy), supporting day-to-day livability for tenants
- Household trends within 3 miles point to smaller sizes, sustaining demand for professionally managed rental units
- Relative affordability (low rent-to-income levels) can aid retention and stabilize occupancy
- Risk: neighborhood occupancy tracks below national norms, requiring active leasing and renewal management