| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 76th | Best |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Forest Ln, Clifton Park, NY, 12065, US |
| Region / Metro | Clifton Park |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | 2016-08-26 |
| Transaction Price | $2,400,000 |
| Buyer | LLC FOREST LANE APARTMENTS |
| Seller | DUTCH LANE CONSTRUCTION CO LTD |
300 Forest Ln, Clifton Park NY Multifamily Investment
Suburban Saratoga County asset with a relatively affluent renter base and manageable rent-to-income dynamics that can support retention, according to WDSuite’s CRE market data. Positioning focuses on steady occupancy from workforce and professional tenants rather than amenity-driven premiums.
The property sits in a suburban pocket of Clifton Park that is competitive among Albany–Schenectady–Troy neighborhoods (ranked 78 out of 295). Household incomes in the immediate neighborhood test in the 87th percentile nationally, signaling strong resident earning power that can underpin rent collections and renewal rates.
Livability skews car-oriented. Amenity density (cafes, parks, groceries) trends below national norms (amenities around the 18th percentile nationally), so residents typically rely on short drives for daily needs. For investors, this favors value, space, and parking over walkable premium retail, suggesting demand from households prioritizing schools, commutes, and stability.
Tenure patterns point to a moderate renter base: approximately one-third of neighborhood housing units are renter-occupied (around the 69th percentile nationally). This mix indicates a viable pool of prospective tenants while still competing with ownership options. Neighborhood occupancy is measured for the neighborhood at 88.2%, which is below national mid-percentiles; operators should emphasize leasing velocity and renewals rather than outsized rent premiums.
Within a 3-mile radius, demographics reflect a growing and increasingly affluent catchment. Population increased about 4% in the prior five years, and WDSuite’s CRE market data indicate a forecast near 10% through 2028, with households projected to expand by roughly a quarter. This points to a larger tenant base and supports occupancy stability. Median incomes have risen meaningfully, while rent-to-income near 0.16 in the neighborhood implies manageable affordability pressure for many renters.
Home values near the neighborhood sit around the low $300Ks with a value-to-income ratio near 2.4 (lower than many U.S. areas). For multifamily investors, a more accessible ownership market can temper pricing power; however, it also supports longer-term retention when resident preferences favor flexibility, amenities, and professionally managed housing.
Comparable safety metrics are not available for this neighborhood in WDSuite’s dataset. Investors typically benchmark incident trends against town and county reporting and triangulate with property-level history and insurer feedback to understand risk management costs and leasing impact.
Regional employment is anchored by large corporate offices that broaden the commuter base and can support leasing stability for workforce and professional tenants. Notable nearby employers include IBM and McKesson.
- IBM — technology & corporate offices (11.3 miles)
- McKesson — healthcare distribution offices (36.1 miles)
Built in 1987, the 40-unit property offers a value-oriented suburban profile with steady demand drivers. Its vintage suggests potential for targeted renovations and systems updates to enhance competitiveness against similarly aged stock, while maintaining cost discipline. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share near one-third and rising household incomes create a durable tenant base. Operators should prioritize renewal strategy and pragmatic rent setting over amenity premiums given car-oriented surroundings.
Within a 3-mile radius, population growth and a projected increase in households point to renter pool expansion through the forecast period. Rent-to-income readings around 0.16 in the neighborhood imply room for measured pricing without excessive affordability pressure, while relatively accessible ownership nearby introduces competition—an execution risk best addressed via unit upgrades, service quality, and lease management.
- Suburban demand fundamentals with a durable, income-strong renter base support occupancy stability.
- 1987 vintage provides value-add potential through selective renovations and modernization.
- 3-mile population and household growth expand the prospective tenant pool over the next five years.
- Manageable rent-to-income dynamics enable measured rent steps alongside strong renewal focus.
- Risk: amenity-lite, ownership-competitive submarket requires disciplined pricing and leasing execution.