| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 75th | Best |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Vandenburgh Pl, Troy, NY, 12180, US |
| Region / Metro | Troy |
| Year of Construction | 1990 |
| Units | 92 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Vandenburgh Pl Troy NY Multifamily Investment
Neighborhood occupancy is high and renter demand is supported by steady household growth in the 3-mile radius, according to WDSuite’s CRE market data. This asset’s 1990 vintage positions it competitively versus the area’s older stock while leaving room for targeted updates.
The property sits in an Inner Suburb of Troy with an A- neighborhood rating and occupancy that tracks in the top quartile nationally, based on WDSuite’s CRE market data. Restaurants score well relative to U.S. neighborhoods, and parks access is a clear strength, while day-to-day retail like groceries and pharmacies is thinner within the immediate area. For investors, the mix suggests solid lifestyle convenience with some reliance on nearby corridors for essentials.
Vintage matters here: built in 1990, the asset is newer than much of the surrounding housing, which skews early-20th century. That positioning can help leasing against older comparables, though systems modernization and common-area refreshes may still be part of a value-add plan.
Tenure patterns support multifamily demand. Within 3 miles, renter-occupied units account for a substantial share of housing, creating a deeper tenant base for studios and smaller formats typical of sub-500 sf averages. In the immediate neighborhood, the renter-occupied share is more balanced, which can broaden targeting to both students and local workforce segments without overreliance on any single cohort.
Demographic trends within a 3-mile radius point to a larger tenant base ahead: recent population and household growth, with households expanding faster than population, indicate smaller average household sizes and more renters entering the market—factors that support occupancy stability and lease-up velocity. Median contract rents and a rent-to-income profile that sits near national medians suggest manageable affordability pressure and room for disciplined revenue management rather than outsized concessions.
Ownership costs in the area are moderate by national standards. That context can introduce some competition from entry-level ownership, but it also supports resident retention for quality rental options that deliver convenience and predictable costs—particularly where proximity to employers shortens commutes.
Safety indicators are mixed but generally favorable in national context. Violent offenses benchmark in the top decile nationally, and property offense metrics land in the upper quintiles compared with neighborhoods across the U.S., according to WDSuite’s CRE market data. These readings point to comparatively safer conditions for residents relative to many areas nationwide.
That said, the most recent annual trend shows a notable uptick in estimated property incidents. Investors should underwrite with attention to lighting, access control, and partnership with professional management to sustain resident experience and retention.
Proximity to established employers supports commuter convenience and leasing stability, with nearby roles in technology and healthcare distribution reflected below.
- IBM — technology & services (4.8 miles)
- McKesson — healthcare distribution (43.8 miles)
This 92-unit, 1990-vintage asset benefits from a neighborhood with top-quartile occupancy nationally and a renter pool reinforced by 3-mile household growth. The property’s newer vintage versus local housing stock can enhance competitiveness, while moderate ownership costs and median rent-to-income levels point to stable demand with measured pricing power—supported by commercial real estate analysis from WDSuite’s data.
Operationally, recent national-comparative safety indicators are favorable, though a one-year rise in estimated property incidents warrants pragmatic security and lighting upgrades. Amenity access is strong for parks and dining, with limited immediate daily retail—manageable with tenant communication and package management solutions.
- Top-quartile neighborhood occupancy supports income durability
- 1990 vintage positions well versus older local stock with selective value-add upside
- 3-mile household growth expands the tenant base and supports leasing
- Parks and dining access enhance resident livability and retention
- Risk: recent uptick in property incidents and limited immediate daily retail