| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 76th | Best |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 54 Katherine Dr, Halfmoon, NY, 12065, US |
| Region / Metro | Halfmoon |
| Year of Construction | 1985 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
54 Katherine Dr, Halfmoon NY Multifamily Investment
Neighborhood occupancy trends are stable and renter demand is supported by steady household growth, according to WDSuite’s CRE market data.
Halfmoon’s Inner Suburb setting offers day-to-day convenience with grocery access and parks ranking competitively among metro peers (295 neighborhoods), while restaurants and pharmacies are thinner nearby. Amenities skew toward essentials rather than destination retail, which can support resident retention through practicality rather than nightlife-driven draw.
The neighborhood’s overall rating is strong (A) and its rank is competitive among Albany-Schenectady-Troy neighborhoods (41 out of 295), indicating above-median fundamentals for the metro. Neighborhood occupancy stands at 93.3% — a neighborhood statistic, not property-specific — which typically aligns with steady leasing and limited downtime for stabilized assets.
Vintage matters for positioning: the property’s 1985 construction is newer than the neighborhood’s average 1971 stock, suggesting relative competitiveness versus older assets, though investors should plan for aging systems and selective modernization to sustain performance.
Tenure patterns point to a balanced renter base. Approximately 37.4% of housing units in the neighborhood are renter-occupied, indicating a meaningful but not dominant renter concentration that can support multifamily demand without oversaturation. Within a 3-mile radius, population has trended upward with forecasts calling for additional growth and more households over the next five years, expanding the potential tenant pool. Median contract rents and a rent-to-income ratio near the mid-teens indicate manageable affordability pressures, which can aid lease retention and pricing power. For investors conducting multifamily property research, these dynamics signal depth of demand with moderate affordability headroom.
Ownership costs sit in a mid-range context for the region, with local home values and value-to-income ratios implying that many households may continue to rely on rental housing for flexibility. This backdrop supports steady renter demand while limiting direct competition from entry-level ownership options, particularly for well-maintained, professionally managed communities.
Comparable neighborhood-level safety metrics were not available in the dataset provided for this specific location. Investors typically benchmark safety by comparing neighborhood trends to metro peers and national percentiles; in the absence of reported ranks or percentiles here, prudent underwriting would incorporate third-party crime trend reviews and property-level security considerations to support resident retention and asset protection.
Regional employment is diversified, with proximity to corporate offices that broaden the commuter tenant base and can support leasing stability for workforce-oriented units. Notable employers within driving range include IBM and McKesson.
- IBM — technology & services (13.2 miles)
- McKesson — healthcare distribution (34.2 miles)
This 50-unit asset built in 1985 benefits from a neighborhood with above-median metro fundamentals and steady occupancy at the neighborhood level, supporting stable cash flow potential relative to older local stock. The vintage positions the property competitively versus 1970s-era assets, though investors should anticipate selective capital for systems and common-area refresh to reinforce demand.
Within a 3-mile radius, population and household counts are projected to rise, expanding the renter pool and supporting leasing durability. Neighborhood rents track alongside incomes with moderate rent-to-income levels, which can aid retention while leaving measured room for revenue management. According to CRE market data from WDSuite, amenity access favors grocery and parks over restaurants and pharmacies, aligning the submarket more with daily-needs convenience than entertainment-driven demand.
- Competitive 1985 vintage versus older neighborhood stock, with modernization upside
- Neighborhood occupancy at 93.3% supports leasing stability for well-run assets
- Expanding 3-mile renter pool from projected population and household growth
- Balanced renter concentration supports demand depth and pricing discipline
- Risk: thinner restaurant/pharmacy supply may limit lifestyle appeal; plan for targeted amenities and resident services