| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 69th | Good |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 680 Saratoga Rd, Gansevoort, NY, 12831, US |
| Region / Metro | Gansevoort |
| Year of Construction | 2009 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
680 Saratoga Rd Gansevoort NY Suburban Investment Property
Neighborhood occupancy is competitive within the Albany–Schenectady–Troy metro and renter-occupied share is elevated, indicating a deeper tenant base for lease-up and retention, according to WDSuite’s CRE market data. These metrics reflect neighborhood conditions, not the property itself.
Located in an inner-suburban setting of Saratoga County, the property benefits from a neighborhood rated A and ranked 23 out of 295 metro neighborhoods, placing it above the metro median for overall livability and investment fundamentals. Neighborhood occupancy trends are competitive among Albany–Schenectady–Troy neighborhoods (rank 116 of 295; national standing above the median), supporting income stability for professionally managed assets.
Renter-occupied housing accounts for a high share of neighborhood units (rank 41 of 295; top quartile locally and strong in the 90th percentile nationally), which translates to a larger renter pool and steadier multifamily demand. Home values sit near the middle of the national distribution, while rent-to-income levels are comparatively manageable for the area, a mix that can support pricing while helping reduce near-term retention risk.
Amenity access is mixed: cafes index well within the metro (rank 39 of 295; strong nationally), grocery and pharmacy coverage are closer to the metro median, and park and childcare options rank at the bottom of the 295-neighborhood metro set. For investors, this suggests a car-oriented convenience profile with some lifestyle amenities but limited family-centric infrastructure nearby. Average household size trends slightly larger than national norms, and educational attainment in the neighborhood scores in the upper national tiers, which can support stable renter demand.
Within a 3-mile radius, demographic data show recent population growth with an increase in households and rising median incomes, and forecasts point to further population growth and a substantial increase in households over the next five years. This expansion implies a broader tenant base and supports occupancy stability for well-positioned assets, based on CRE market data from WDSuite.
Comparable safety data at the neighborhood level are not available in this dataset for the Albany–Schenectady–Troy metro. Investors typically benchmark safety using multi-year trends, regional comparisons, and on-the-ground management insights. Absent published ranks or percentiles, a prudent approach is to review recent police reports, consult property management references, and compare against nearby inner-suburban peers to contextualize risk.
When evaluating underwriting assumptions, consider how perceived safety influences leasing velocity, renewal rates, and operating expenses (e.g., lighting, access control). Reassess these factors alongside market positioning and tenant profile to calibrate expectations without over-relying on a single indicator.
The resident employment base draws from regional corporate offices, supporting commuter convenience and diversified renter demand. Notable nearby employers include McKesson and IBM, which contribute to white-collar employment within a feasible drive time for residents.
- McKesson — healthcare distribution (14.8 miles)
- IBM — technology & consulting (33.1 miles)
Built in 2009, the asset is newer than the neighborhood’s average vintage, offering relative competitiveness versus older local stock while still leaving room for targeted modernization as systems age. Neighborhood fundamentals are favorable: occupancy is competitive among metro peers and renter-occupied share is high, indicating depth in the tenant base and support for leasing stability. Demographics within a 3-mile radius point to population growth, more households, and rising incomes, which can expand the renter pool and reinforce demand for well-managed properties, according to commercial real estate analysis from WDSuite.
Affordability signals are balanced: home values track near national midranges and neighborhood rent-to-income levels are comparatively manageable, which can aid retention while allowing disciplined revenue management. The amenity mix leans car-oriented with limited parks and childcare options, so positioning the property around convenience and access may be the most effective strategy.
- 2009 construction offers competitive positioning versus older local stock with selective value-add potential.
- Neighborhood occupancy is competitive for the metro, supporting income stability.
- High renter-occupied share suggests a deeper tenant base and steadier leasing.
- 3-mile population and household growth expand demand and support retention.
- Risks: limited parks/childcare and car-oriented amenities; plan for aging systems as the asset seasons.