| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 76th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1639 Route 9, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1639 Route 9 Halfmoon Multifamily Investment
Neighborhood occupancy trends sit above the metro median, signaling steady renter demand and lease-up resiliency for smaller assets, according to WDSuite s CRE market data.
The property is positioned in an inner-suburban pocket of Halfmoon within the Albany Schenectady Troy metro, where the neighborhood earns an A rating and ranks 41 out of 295 metro neighborhoods top quartile nationally for overall livability. For investors, that typically supports stable tenant retention and less volatile leasing compared with lower-ranked submarkets.
Operationally, neighborhood occupancy is above the metro median (rank 128 of 295), implying fewer gaps between turns relative to many peer locations. Renter-occupied housing makes up a meaningful share of local units (37.4% renter-occupied; rank 75 of 295, competitive among Albany Schenectady Troy neighborhoods), indicating a defined tenant base for smaller multifamily assets without overreliance on transient demand.
Within a 3-mile radius, population has grown modestly in recent years with projections calling for further population and household growth over the next five years, expanding the renter pool and supporting occupancy stability. Median household incomes in the 3-mile area are strong, while median contract rents remain manageable for many households; the neighborhood s rent-to-income ratio near 0.17 points to manageable affordability pressure and supports lease retention. These dynamics align with investor expectations for steady performance in inner suburban locations based on multifamily property research from WDSuite.
Daily-needs access is a relative strength: grocery availability and parks score in the low- to mid-70s percentiles nationally, and cafes are comparatively dense (78th percentile), even as restaurants and pharmacies are less concentrated. This mix favors convenience-oriented renters and helps underpin day-to-day livability, a useful consideration for leasing velocity and renewal rates versus car-dependent outer suburbs.
Comparable safety data for this specific neighborhood are limited in the current release, so investors typically benchmark conditions against metro and county trends and review multi-year patterns rather than single-year snapshots. A prudent approach is to pair local law enforcement trend reports with property-level measures (lighting, access control) and resident feedback to understand how safety perceptions may influence leasing and renewal behavior.
Regional employment access includes large corporate offices within commuting distance, supporting demand from professionals who prioritize convenience to established employers such as IBM and McKesson.
- IBM technology & services (14.4 miles)
- McKesson healthcare distribution (33.1 miles)
This 24-unit asset benefits from a top-quartile neighborhood ranking within the Albany Schenectady Troy metro and occupancy trends that sit above the metro median, pointing to durable baseline demand. Within a 3-mile radius, projections indicate population and household growth, expanding the tenant base and supporting stable occupancy and renewal potential. Homeownership costs in the immediate area are moderate relative to incomes, which, combined with manageable rent levels, can sustain renter reliance on multifamily housing and aid pricing power without overextending affordability.
Amenities skew toward daily needs (grocers, parks, and cafes rate well nationally), reinforcing livability advantages for workforce and professional renters. According to CRE market data from WDSuite, the neighborhood s renter concentration and above-median occupancy collectively suggest consistent leasing velocity for well-managed assets, while the inner-suburban setting provides access to regional employment nodes.
- Above-metro-median neighborhood occupancy supports steady cash flow and fewer downtime gaps.
- Top-quartile neighborhood rank among 295 metro areas indicates strong livability and retention potential.
- 3-mile projections for population and household growth expand the renter pool and support leasing stability.
- Daily-needs access (grocers, parks, cafes) strengthens convenience for workforce tenants and renewals.
- Risks: thinner restaurant/pharmacy density and data-limited safety metrics warrant on-the-ground diligence and management focus.