| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 78th | Best |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 Sausse Ave, Troy, NY, 12180, US |
| Region / Metro | Troy |
| Year of Construction | 1975 |
| Units | 84 |
| Transaction Date | 2004-10-12 |
| Transaction Price | $5,250,000 |
| Buyer | CEDAR PARK REALTY APTS LP |
| Seller | CEDAR PARK APTS LLC |
2101 Sausse Ave, Troy NY Multifamily Investment
Neighborhood occupancy is competitive among Albany-Schenectady-Troy neighborhoods and a majority of housing units are renter-occupied, supporting depth of tenant demand, according to WDSuite s CRE market data. This positioning can offer steadier leasing performance for an 84-unit asset without relying on outsized rent growth from commercial real estate analysis outliers.
The property sits in an Inner Suburb pocket of Troy with an A- neighborhood rating, where renter-occupied housing accounts for a majority of units. For multifamily investors, that renter concentration signals a broad tenant base and supports demand stability at the neighborhood level, per WDSuite s CRE market data. Neighborhood occupancy is competitive among the 295 metro neighborhoods, suggesting comparatively steady lease-up conditions versus the metro median, though individual asset performance will vary.
Within a 3-mile radius, population has grown modestly in recent years and household counts have increased more noticeably, pointing to smaller household sizes and a larger renter pool over time. Projections indicate further gains in households over the next five years, which typically support occupancy stability and absorption for well-managed multifamily assets.
Income trends in the 3-mile area have strengthened, while neighborhood rent levels sit above national medians yet maintain a moderate rent-to-income profile. That mix can underpin retention and pricing power without pushing tenants beyond typical affordability thresholds; investors should still monitor lease management and renewal strategies as rents advance.
Local amenities are mixed: pharmacy access compares well locally, while cafes, restaurants, groceries, and parks are relatively sparse within the immediate neighborhood. For investors, this implies the asset will lean more on regional convenience and employment access rather than on a dense walk-to retail node, which can still support stable renter demand in workforce-oriented submarkets.
Neighborhood safety indicators compare favorably overall versus national benchmarks, with both violent and property offense rates positioned in higher national percentiles (safer relative to peers). In metro context, the area performs above the median among 295 neighborhoods. Recent year-over-year trends are mixed: violent incidents have risen from a low base, while property offenses have eased. Investors should underwrite with standard precautions and track trend lines rather than any single-year reading.
Regional employment anchors within commuting range support renter demand and retention, led by technology and healthcare distribution employers.
- IBM technology & services (7.6 miles)
- McKesson healthcare distribution (40.8 miles)
Built in 1975, the asset is somewhat newer than the neighborhood s average vintage, offering relative competitiveness versus older stock while still warranting capital planning for systems and common-area upgrades. At the neighborhood level, occupancy runs competitive among metro peers and a majority of housing units are renter-occupied, indicating depth in the tenant base. Within 3 miles, rising household counts and solid income gains point to continued demand for rental housing and reinforce leasing stability.
Above-median neighborhood rents paired with a moderate rent-to-income profile suggest room for disciplined revenue management rather than outsized increases. Based on CRE market data from WDSuite, these fundamentals align with steady operations for well-run multifamily assets, though investors should account for the area s lighter retail amenity mix and monitor safety trends as part of risk controls.
- Competitive neighborhood occupancy and strong renter concentration support demand depth
- 3-mile household growth and rising incomes bolster tenant base and retention
- 1975 vintage provides relative edge versus older stock with value-add potential through targeted upgrades
- Above-median rents with moderate rent-to-income dynamics support disciplined pricing power
- Risks: lighter nearby retail/parks and mixed safety trendlines warrant conservative underwriting and asset management