| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 70th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1812 Route 9, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 2001 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1812 Route 9, Halfmoon NY Multifamily Investment
Neighborhood occupancy is strong and amenities are competitive for the Albany–Schenectady–Troy metro, according to WDSuite’s CRE market data, supporting stable renter demand for a 24-unit asset built in 2001. Renter concentration is moderate, which can help sustain leasing while limiting over-supply risk.
The property sits in an A+ rated suburban neighborhood that ranks 6th of 295 metro neighborhoods, indicating competitive fundamentals relative to the Albany–Schenectady–Troy region. Neighborhood occupancy is in the top quartile nationally and competitive within the metro (ranked 33 of 295), signaling durable leasing conditions for multifamily investors.
Local amenity access is solid for daily needs and dining. Restaurant and cafe density trend in the top quartile nationally, and the area’s overall amenity rank (16 of 295) is competitive among Albany–Schenectady–Troy neighborhoods. Park access is limited, which may matter for some renter cohorts; investors may wish to highlight on-site or nearby private recreation as part of positioning.
Home values are elevated relative to regional norms, which can reinforce reliance on rental housing and support pricing power where unit quality and location align. Median rent-to-income in the neighborhood is modest by national comparison, suggesting manageable affordability pressure that can aid retention and reduce turnover risk.
The 3-mile radius shows steady population and household growth historically with additional expansion forecast, pointing to a larger tenant base over time. Median household incomes in the 3-mile area are high and trending upward, which typically supports collections and renewals. The neighborhood’s renter-occupied share is roughly low-30s, indicating a moderate renter pool that supports demand without oversaturation.
Vintage matters for competitive positioning: built in 2001, this asset is newer than the neighborhood average construction year (1993). That relative youth can be advantageous versus older inventory, though investors should still plan for selective modernization and systems updates to sustain rent growth and leasing velocity.
Comparable neighborhood crime metrics are not available in the current WDSuite dataset for this location. In such cases, investors often contextualize property risk by referencing broader suburban Saratoga County trends and on-the-ground diligence (property management logs, lighting and access controls, and local policing outreach) rather than relying solely on index scores.
Practical underwriting steps can include reviewing recent incident reports within a reasonable radius, validating any seasonality, and aligning capital plans for visibility, secure entry, and parking areas. This approach supports resident satisfaction and lease retention without over-interpreting incomplete statistics.
Regional employment anchors within commuting range provide diversified white-collar demand that can support leasing stability. Nearby corporate offices include IBM and McKesson.
- IBM — technology & services (16.2 miles)
- McKesson — healthcare distribution (31.4 miles)
1812 Route 9 offers exposure to a high-performing suburban neighborhood where occupancy trends are competitive within the Albany–Schenectady–Troy metro and solid by national standards. Elevated home values locally help sustain renter reliance on multifamily, while the 3-mile radius indicates steady population and household growth that can expand the tenant base. Built in 2001, the asset is newer than much of the surrounding stock, supporting competitive positioning with targeted modernization where it enhances rentability.
According to CRE market data from WDSuite, the neighborhood’s amenity access is strong for dining and daily needs, and rent-to-income levels suggest manageable affordability pressure that can aid renewals. The renter-occupied share is moderate, which typically supports stable demand without heavy churn, though investors should monitor pipeline and position amenities given limited public park access in the immediate area.
- Competitive neighborhood fundamentals with occupancy trending in the metro’s stronger cohort
- Elevated local home values reinforce rental demand and support pricing power for well-positioned units
- 2001 vintage offers relative advantage versus older stock, with selective value-add potential
- 3-mile radius shows ongoing population and household growth, supporting a larger tenant base over time
- Risks: limited nearby parks and a moderate renter pool require thoughtful amenity strategy and leasing execution