| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 70th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 11 Meyer Rd, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 1991 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
11 Meyer Rd, Halfmoon NY Multifamily Opportunity
Neighborhood occupancy remains strong and consistent, supporting steady leasing conditions for a 56-unit asset, according to WDSuite’s CRE market data.
Halfmoon’s A+–rated neighborhood stands in the top tier among 295 Albany–Schenectady–Troy metro neighborhoods, signaling durable fundamentals for multifamily investors. Neighborhood occupancy is high relative to both the metro and nation (top decile nationally), which points to stable tenant retention and limited downtime between turns at the neighborhood level.
Local amenity access is competitive among Albany–Schenectady–Troy neighborhoods, with stronger coverage for restaurants, cafés, childcare, and pharmacies. Parks are limited within the immediate area, so outdoor and recreation access may rely more on regional assets rather than walkable green space.
Within a 3-mile radius, demographics show a larger middle‑aged cohort with ongoing population growth and a projected increase in households over the next five years. This trend supports a growing tenant base and helps underpin occupancy stability for well‑positioned multifamily properties. Median household incomes are comparatively high for the region, reinforcing pricing power when paired with a low rent‑to‑income profile at the neighborhood level.
Renter-occupied share is roughly one‑third of housing units at the neighborhood level, indicating a solid but not saturated renter pool. For investors, this suggests steady demand for quality units, particularly when product is updated and professionally managed to compete effectively with nearby options.
The asset’s 1991 vintage is slightly older than the neighborhood average. Targeted capital planning for systems and unit modernization can unlock value‑add potential and improve competitive positioning versus newer nearby inventory.
Standardized, neighborhood‑level public‑safety metrics are not available in this dataset for this location. Investors typically benchmark conditions against metro and county sources and incorporate site visits and property‑level history to assess trend direction and compare against similar Albany–Schenectady–Troy submarkets.
Regional employers offer a diversified white‑collar base within commuting distance, which can support renter demand and retention. Key nearby names include IBM and McKesson, reflecting technology and healthcare distribution roles accessible by car from the property.
- IBM — technology & services (16.1 miles)
- McKesson — healthcare distribution (31.6 miles)
11 Meyer Rd offers scale at 56 units with neighborhood fundamentals that favor occupancy stability and rent consistency. The surrounding neighborhood ranks among the stronger areas in the Albany–Schenectady–Troy metro and sits in a high national percentile for occupancy, indicating resilient leasing conditions. Elevated ownership costs in the area tend to reinforce reliance on multifamily housing, while a low rent‑to‑income profile supports retention and measured pricing power. According to CRE market data from WDSuite, these neighborhood dynamics compare favorably to broader metro trends.
Constructed in 1991, the property may benefit from targeted upgrades to building systems and interior finishes to sharpen its competitive edge against newer stock. Within a 3‑mile radius, population growth and a projected increase in households point to a larger tenant base over time, which can support steady absorption for well‑managed assets.
- High neighborhood occupancy supports leasing stability and lowers downtime risk.
- Elevated ownership costs sustain multifamily demand and reinforce pricing power.
- 1991 vintage enables value‑add through systems updates and interior modernization.
- 3‑mile radius shows population growth and household expansion, enlarging the renter pool.
- Risks: limited nearby park access, slightly older vintage, and the need to verify site‑level safety trends.