| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 69th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 79 Church St, Nassau, NY, 12123, US |
| Region / Metro | Nassau |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2025-09-03 |
| Transaction Price | $4,400,000 |
| Buyer | SNYDERS LK RD APT INC |
| Seller | PINETREE MGMT LLC |
79 Church St Nassau NY Multifamily Investment
Stabilized, small-scale units in a rural Nassau submarket with steady renter demand drivers, according to CRE market data from WDSuite’s datasets for the Albany–Schenectady–Troy region.
Neighborhood and Livability
This rural Nassau location is rated B and is competitive among Albany–Schenectady–Troy neighborhoods (ranked 112 out of 295 metro neighborhoods), supporting basic demand fundamentals without the pricing volatility of urban cores. Neighborhood occupancy trends sit below the metro median, which places more emphasis on property-level operations and leasing execution to maintain stability.
Amenity density is limited locally (few cafes and parks), but essential services such as pharmacies and childcare are more accessible than many rural peers, helping day-to-day convenience. Public school quality is a relative strength: the neighborhood’s average school rating ranks in the top decile among 295 metro neighborhoods and in the top quartile nationally, a factor that can aid retention and broaden the tenant profile.
Within a 3-mile radius, household counts declined modestly over the past five years but are projected to grow through 2028 while population remains roughly flat—indicating smaller household sizes and a gradual renter pool expansion. Median household incomes have risen and are expected to continue improving, which supports rent collections and reduces volatility in lease performance.
Ownership costs are moderate for the region, and elevated home values relative to incomes versus many rural areas help sustain reliance on rental housing. Rent-to-income ratios indicate relatively light affordability pressure for renters, which can support lease retention and measured rent growth. For investors conducting commercial real estate analysis, these factors point to durable, workhorse demand rather than outsized growth expectations.
Safety Context
Comparable neighborhood-level crime statistics are not available in the current WDSuite dataset for this location. Investors typically benchmark safety using county or town public sources and trend comparisons across the Albany–Schenectady–Troy metro. Given the rural setting, underwriting should incorporate on-site observations and local management insights rather than block-level inferences.
Nearby Employers
The area draws from regional technology employment, offering reasonable commute access that can support tenant retention and steady leasing.
- IBM — technology (12.1 miles)
Why Invest
Built in 1972, this 22-unit asset offers a practical value-add path: vintage positioning suggests selective capex and modernization can enhance competitiveness against older neighborhood stock (average construction year skews earlier). Neighborhood occupancy runs below the metro median, so returns hinge on disciplined operations; however, rent-to-income levels indicate manageable affordability pressure, supporting collections and retention.
Within a 3-mile radius, households are projected to increase through 2028 even as population stays roughly flat, pointing to smaller household sizes and a broader tenant base over time. According to CRE market data from WDSuite, school quality ranks among the metro’s leaders and essential services are present, reinforcing steady—if unspectacular—demand drivers for a small, rural multifamily property.
- 1972 vintage with clear value-add levers via targeted interior and systems upgrades
- Household growth within 3 miles supports a gradually expanding renter base and occupancy stability
- Strong relative school ratings and essential services bolster tenant retention
- Risks: rural setting, limited walkable amenities, and below-metro-median occupancy heighten leasing execution risk