| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 88th | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 82 Crescent St, Saratoga Springs, NY, 12866, US |
| Region / Metro | Saratoga Springs |
| Year of Construction | 1973 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
82 Crescent St Saratoga Springs Multifamily Investment
Neighborhood indicators point to resilient renter demand supported by a sizable renter-occupied base and a high-cost ownership market, according to WDSuite’s CRE market data. Elevated home values in Saratoga Springs help sustain multifamily reliance while keeping leasing conditions competitive at the neighborhood level.
The property sits in a suburban pocket of Saratoga Springs that rates well for demographics (top quartile among 295 Albany–Schenectady–Troy metro neighborhoods) and skews toward higher-income households. Median home values in the neighborhood rank in the 90th percentile nationally, a high-cost ownership environment that generally supports renter reliance and can reinforce pricing power and lease retention for professionally managed assets.
Amenity access is mixed. Restaurant density ranks competitive among metro peers, while broader amenities trend below national averages. Park access is a relative strength (around the 78th percentile nationally), offering livability benefits investors often see reflected in demand for well-maintained communities. School scores were not available in the dataset, so investors should underwrite using local district reports where applicable.
Vintage matters: the neighborhood 7s average construction year is 1989, while this asset was built in 1973. The older vintage points to potential capital planning needs and value-add upside via systems modernization and interior refreshes to outperform older comparables and remain competitive against newer stock.
Tenure patterns are supportive. At the neighborhood level, roughly two-fifths of housing units are renter-occupied, indicating a meaningful tenant base without oversaturation. Within a 3-mile radius, demographics show modest population growth recently and an expected increase in households over the next five years, suggesting a larger renter pool and support for occupancy stability. Rising incomes across the 3-mile trade area further underpin rent collections and renewal potential.
From an affordability lens, neighborhood rent-to-income levels sit near mid-national ranges, which typically translates to manageable affordability pressure and supports steady lease performance. Investors should still budget for competitive concessions in softer leasing windows given that neighborhood occupancy trends can vary by season and asset quality.
Comparable neighborhood-level crime metrics were not available in the current WDSuite feed for this location. Investors typically benchmark safety using city and county public sources, operator historicals, and insurer guidance to gauge trend direction and align security measures with underwriting. As with most suburban submarkets, conditions can vary block to block; site visits and time-of-day observations are prudent.
Regional employers within commuting distance expand the renter pool and support retention through stable professional employment, including roles in pharmaceutical distribution and technology services.
- McKesson pharmaceutical distribution (19.1 miles)
- IBM technology & services (28.9 miles)
This 110-unit, 1973-vintage asset offers a value-add angle in a suburban Saratoga Springs neighborhood characterized by strong demographics and a high-cost ownership market. Based on CRE market data from WDSuite, the area’s elevated home values and meaningful renter-occupied share underpin multifamily demand, while mid-range rent-to-income levels support lease retention with thoughtful revenue management.
Demographic data aggregated within a 3-mile radius points to population stability with a projected increase in households, implying a larger renter pool over the medium term. Given the asset’s older vintage relative to neighborhood norms, a targeted capex program focused on interiors and building systems can enhance competitiveness and support occupancy, while acknowledging that leasing conditions can vary by season and asset positioning.
- High-cost ownership market sustains renter reliance, supporting demand and pricing discipline.
- 3-mile trade area shows rising households and incomes, expanding the tenant base over time.
- 1973 vintage presents clear value-add and systems modernization potential versus newer comparables.
- Mid-range rent-to-income dynamics support renewal probabilities with prudent lease management.
- Risk: amenity depth and seasonal leasing patterns may require targeted marketing and concessions.