| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 69th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 75 Church St, Nassau, NY, 12123, US |
| Region / Metro | Nassau |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | 2025-09-03 |
| Transaction Price | $4,400,000 |
| Buyer | SNYDERS LK RD APT INC |
| Seller | PINETREE MGMT LLC |
75 Church St, Nassau NY Multifamily Investment
Neighborhood rental occupancy has trended up and rent-to-income levels remain manageable, supporting steady lease performance according to WDSuite s CRE market data. These signals are measured at the neighborhood level and suggest durable renter demand for a 23-unit asset in a stable, owner-leaning pocket of the Albany-Schenectady-Troy metro.
Nassau sits in a rural corner of the Albany-Schenectady-Troy, NY metro with a B neighborhood rating and a competitive standing among 295 metro neighborhoods (ranked in the stronger 40%). According to CRE market data from WDSuite, local schools are a clear strength with an average rating of 4.0 out of 5, placing the area in the top quartile nationally. Day-to-day amenities are thinner than urban cores, consistent with the rural context, but basic services such as pharmacies are present at levels around the national middle.
For multifamily investors, tenancy fundamentals lean stable. Neighborhood rental occupancy has edged higher over the last five years, and rent-to-income ratios sit in the upper half nationally, indicating lower affordability pressure and helping lease retention. The share of renter-occupied units is modest (around one-fifth of housing), which points to an owner-leaning area; this typically means a smaller, but steady, renter pool suitable for well-maintained workforce housing.
Within a 3-mile radius, recent population counts have softened, yet WDSuite s projections indicate a slight return to growth ahead and a notable increase in households by 2028. This mix suggests smaller household sizes and potentially more households entering the renter pool, supporting occupancy stability for well-positioned properties. Median home values track near national midpoints while value-to-income ratios sit above the national median, implying that ownership costs can reinforce reliance on rental options and help sustain pricing power for competitively finished units.
Vintage positioning matters here. The average neighborhood housing stock skews older (early 20th century), while the subject property 9s 1972 construction is newer than much of its competitive set. That relative youth can reduce near-term obsolescence risk versus older stock, though investors should still plan for ongoing system upgrades and targeted modernization to capture value and defend rents.
Comparable crime data for this neighborhood was not available in WDSuite s current release. Investors commonly benchmark safety using consistent metro or county datasets; absent that, it s prudent to compare multiple third-party sources and focus on property-level controls, lighting, and design to support resident comfort and retention.
Employment access is supported by regional corporate offices that broaden the commuter base and can aid leasing stability, notably IBM featured below.
- IBM corporate offices (12.1 miles)
The 1972 vintage positions this 23-unit asset newer than much of the local housing stock, offering a relative edge against older comparables while leaving room for targeted upgrades to lift rents and reduce turnover. Neighborhood data shows occupancy stability and manageable rent-to-income levels, and schools rank in the top quartile nationally factors that support family-oriented renter retention. According to CRE market data from WDSuite, the area s owner-leaning tenure and mid-range home values can reinforce reliance on rental housing for households prioritizing convenience and value.
Within a 3-mile radius, recent population softness is expected to give way to slight growth with a more pronounced increase in households, pointing to smaller household sizes and a broader renter base over time. Amenity density is modest given the rural setting, but proximity to regional employers supports day-to-day demand for well-run, mid-scale apartments.
- Relative vintage advantage versus older neighborhood stock with value-add potential
- Neighborhood rental occupancy trending up with rent-to-income levels that support retention
- Top-quartile school quality nationally aids family renter demand and lease stability
- Projected household growth within 3 miles expands the tenant base despite recent population softness
- Risks: owner-leaning tenure and lower amenity density can slow lease-up, requiring focused property management and positioning