| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 76th | Best |
| Amenities | 18th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 47 Firehouse Rd, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 1995 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
47 Firehouse Rd Halfmoon NY Multifamily Investment Snapshot
Renter-occupied housing is meaningful at the neighborhood level and median incomes are high, supporting a stable tenant base, according to WDSuite’s CRE market data. Location fundamentals in the Albany–Schenectady–Troy metro provide predictable suburban demand with room for targeted value-add.
Located in a suburban pocket of Halfmoon within the Albany–Schenectady–Troy metro, the neighborhood rates B+ and is competitive among Albany–Schenectady–Troy neighborhoods (ranked 78 of 295). This positioning suggests balanced fundamentals that can support steady leasing, even if performance may trail the metro’s top quartile sub-neighborhoods.
At the neighborhood level, occupancy is 88.2%, and roughly 31.3% of housing units are renter-occupied. The renter concentration sits above national norms (69th percentile), indicating a workable depth of tenants; however, occupancy trends imply that disciplined leasing and renewals remain important.
Within a 3-mile radius, population has risen modestly over the last five years and is projected to expand further by 2028, with households also expected to increase. This points to a larger tenant base and supports occupancy stability for multifamily assets, particularly those offering well-maintained units and practical finishes.
Income levels are strong locally, and median contract rents sit in the mid-range for the metro, resulting in a manageable rent-to-income profile for many renters. Home values are elevated for the region yet not extreme, which can create some competition from ownership; investors should lean on product differentiation, convenient parking, and professional management to sustain pricing power and retention.
Local amenity density is limited (restaurants and services are thinner than urban cores), though childcare access scores better than many suburbs. For investors, this mix reinforces a car-oriented, quiet suburban living proposition where dependable property operations and resident experience outweigh proximity to high-density retail.
Neighborhood-level crime data are not available in this dataset. Investors should benchmark recent police and third-party reports against metro averages and focus on trends over time rather than block-level snapshots. Comparable suburban areas in the Albany–Schenectady–Troy region often exhibit stable patterns, but property-specific due diligence remains essential.
Regional employers within commuting distance support workforce housing demand and help underpin leasing stability, particularly among professionals in technology and healthcare distribution referenced below.
- IBM — technology and enterprise services (11.9 miles)
- McKesson — pharmaceutical distribution (35.5 miles)
The property was built in 1995, making it newer than the surrounding neighborhood’s average vintage. That relative youth supports competitive positioning versus older stock while still leaving room for targeted updates to systems and interiors to capture value-add upside. Based on commercial real estate analysis using WDSuite’s data, neighborhood occupancy is steady and renter concentration is above national norms, suggesting a workable pool of tenants when paired with disciplined leasing and renewals.
Within a 3-mile radius, population growth and a projected increase in households point to a larger tenant base through the medium term. Coupled with strong local incomes and moderate rent-to-income levels, this supports rent durability, with the main operational focus on differentiation in a suburban location with lighter amenity density.
- 1995 vintage provides relative competitiveness versus older neighborhood stock, with targeted modernization potential
- Renter concentration above national norms supports a consistent tenant base and retention
- 3-mile radius shows population growth and rising households, reinforcing demand and occupancy stability
- Strong local incomes and manageable rent-to-income dynamics support pricing power for well-managed assets
- Risk: suburban amenity density is lighter, requiring active management and resident experience to drive lease renewals