| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Carol Jean Ln, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 1996 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Carol Jean Ln Halfmoon NY Multifamily Investment
Stabilized renter demand and above-metro-median neighborhood occupancy support consistent operations, according to WDSuite s CRE market data. With a 1996 vintage, the asset competes well against older local stock while leaving room for targeted modernization.
The property sits in an A-rated suburban neighborhood that ranks 35 out of 295 within the Albany Schenectady Troy metro placing it in the top quartile among metro neighborhoods. Neighborhood occupancy is above the metro median and has improved over the past five years, a signal of steady renter demand and leasing durability based on CRE market data from WDSuite.
Daily-needs access is serviceable: grocery and pharmacy density track near or modestly above national medians, while childcare availability is strong (national top quartile). Caf e9s and park acreage are limited locally, which is typical for lower-density suburban nodes and suggests car-oriented living rather than walk-to amenities.
The ownership market skews high-cost versus national norms (home values in a high national percentile), which tends to reinforce reliance on multifamily rentals and can support pricing power. Rent-to-income levels align closer to national mid-range, indicating manageable affordability pressure and potential for retention with disciplined lease management.
Within a 3-mile radius, the population has expanded in recent years and is projected to continue growing, with households expected to increase and average household size to trend slightly smaller. Combined with a renter-occupied share around one-third of housing units, these dynamics point to a sizable tenant base and support for occupancy stability over time.
Vintage also matters: the neighborhood s average construction year skews older than 1996. This asset s newer vintage offers relative competitiveness versus older stock; investors may still plan for selective system updates or common-area refreshes to sustain positioning.
Comparable neighborhood-level crime rankings were not available in WDSuite for this location. Investors commonly benchmark local safety using metro and county resources and trend data, then pair that with property-level controls (lighting, access, monitoring) to support resident retention and leasing stability.
Regional employment anchors within commuting distance help sustain renter demand for workforce and professional households. Nearby corporate offices include IBM and McKesson, supporting stability through diversified white-collar employment.
- IBM technology & services (15.6 miles)
- McKesson healthcare distribution (31.9 miles)
This 96-unit asset built in 1996 benefits from a suburban A-rated neighborhood with above-metro-median occupancy and a renter pool supported by high household incomes relative to national norms. The property s newer-than-average vintage versus local stock provides competitive positioning today, while selective modernization can unlock further value-add potential.
Population and household growth within a 3-mile radius, combined with a renter-occupied share around one-third, point to durable tenant demand and leasing resilience. According to CRE market data from WDSuite, neighborhood fundamentals including steady occupancy and a high-cost ownership market support pricing discipline without overreliance on outsized rent growth assumptions.
- A-rated suburban location with occupancy above the metro median
- 1996 vintage offers competitive edge versus older neighborhood stock
- Household and population growth within 3 miles support a larger tenant base
- High-cost ownership market underpins sustained multifamily demand and retention
- Risk: amenity scarcity (parks/caf e9s) and car-oriented setting may limit walkability appeal