| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4 Cemetery Rd, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 1992 |
| Units | 44 |
| Transaction Date | 1992-07-17 |
| Transaction Price | $110,000 |
| Buyer | TANSKI BRUCE |
| Seller | KELLEHER FLINK TIMOTHY P |
4 Cemetery Rd Halfmoon NY Multifamily Investment
Neighborhood occupancy near 94% and a renter-occupied share around three-tenths indicate a stable tenant base, according to WDSuite’s CRE market data. Positioned in a suburban corridor with solid incomes, the asset benefits from steady renter demand and balanced affordability dynamics.
Halfmoon sits within the Albany–Schenectady–Troy metro and scores an A neighborhood rating with a rank of 35 out of 295, placing it above the metro median and competitive among peer neighborhoods. The submarket’s occupancy rate of 94.3% has trended higher over the past five years, supporting expectations for stable leasing and retention. Median contract rents in the neighborhood are measured, and a rent-to-income ratio around 0.16 suggests manageable affordability pressures that can support steady collections and limit turnover risk, based on CRE market data from WDSuite.
Local amenity access is mixed. Childcare availability ranks 21 of 295 (competitive within the metro and top half nationally), and pharmacies rank 45 of 295 (also competitive). Grocery access ranks 96 of 295 (competitive among Albany–Schenectady–Troy neighborhoods). In contrast, cafes and parks rank at the bottom of the metro distribution, so lifestyle amenities may be more dispersed, which investors can offset with on-site offerings that enhance resident convenience.
Construction trends indicate an average neighborhood vintage around 1987. With a 1992 construction year, the property is somewhat newer than the local average, which can improve competitive positioning versus older stock while still warranting selective modernization or system upgrades for durability and resident appeal.
Within a 3-mile radius, demographics show modest population growth over the last five years and a projected increase through 2028, alongside rising household counts and slightly smaller average household sizes. This points to a gradual renter pool expansion and support for occupancy stability. Elevated home values relative to regional norms, coupled with high household incomes, tend to sustain reliance on multifamily housing for residents seeking more accessible monthly payments and flexibility, reinforcing depth of demand.
Comparable neighborhood safety metrics are not available in WDSuite for this location. Investors typically benchmark crime and safety using multiple sources at the metro and neighborhood level; standard due diligence (policy reviews, lighting, access controls) is recommended to support resident retention and risk management.
Regional employment is anchored by technology and healthcare distribution, supporting commuter convenience and a diversified tenant base aligned with suburban workforce housing.
- IBM — technology & services (15.0 miles)
- McKesson — healthcare distribution (32.5 miles)
This 44-unit asset, built in 1992, aligns with a suburban neighborhood that has posted firm occupancy near the mid-90s and measured rent levels, supporting predictable collections and lease stability. Being slightly newer than the area’s average vintage provides a relative edge versus older stock, while prudent capital planning for interior updates and building systems can capture value-add upside without overextending scope. Elevated home values and solid local incomes underpin steady multifamily demand and can aid pricing power without overreliance on aggressive rent growth.
According to CRE market data from WDSuite, neighborhood occupancy trends sit above the metro median and renter-occupied housing remains meaningful, indicating a durable tenant base. Gradual population growth within a 3-mile radius, with forecasts pointing to additional household gains and smaller household sizes, suggests a larger pool of renters over time, which supports leasing velocity and retention for well-managed properties.
- Stable neighborhood occupancy and measured rents support consistent cash flow potential
- 1992 vintage offers competitive positioning versus older stock with targeted value-add potential
- High-cost ownership market and strong incomes reinforce renter reliance on multifamily housing
- 3-mile demographic growth and smaller household sizes point to a gradually expanding renter pool
- Risks: thinner lifestyle amenities nearby and aging systems may require capex to sustain competitiveness