| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 62nd | Fair |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Van Schoonhoven Sq, Waterford, NY, 12188, US |
| Region / Metro | Waterford |
| Year of Construction | 1986 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Van Schoonhoven Sq Waterford NY Multifamily Opportunity
Neighborhood occupancy trends are steady and above the metro median, pointing to durable leasing fundamentals, according to WDSuite’s CRE market data. A high share of renter-occupied housing in the area supports depth of demand for a 41‑unit asset.
Waterford’s inner-suburb setting offers practical convenience for renters. Restaurant and grocery access are competitive among Albany-Schenectady-Troy neighborhoods and land in the top quartile nationally, while cafes, parks, and pharmacies are more limited within the immediate neighborhood. For investors, this mix supports day-to-day livability and lease retention even as certain amenities may require short drives.
Neighborhood occupancy is above the metro median, a constructive signal for stability. Rents in the surrounding area trend near metro norms, which can help sustain leasing velocity and reduce turnover risk compared with pricier submarkets. The local renter concentration is high versus national norms, indicating a deep tenant base for multifamily.
Demographic statistics aggregated within a 3-mile radius show recent population growth and a larger household base, with forecasts pointing to additional increases in households over the next five years. This pattern typically supports renter pool expansion and occupancy stability as more households seek professionally managed rental options.
Home values in the neighborhood are lower than many national peers, which can introduce some competition from ownership alternatives. Even so, a moderate rent-to-income environment suggests manageable affordability pressure, helping landlords balance retention with measured rent adjustments. Taken together, these dynamics present a livable location with solid demand drivers and clear, underwritten expectations for leasing.
Comparable safety metrics for this neighborhood were not available from WDSuite at the time of publication. Investors typically benchmark neighborhood-level trends against metro and national patterns when data is available and supplement with municipal crime reports and insurance/lender assessments to complete risk evaluation.
- IBM — technology & services (10.7 miles)
- McKesson — healthcare distribution (37.1 miles)
Regional employment is diversified, with access to corporate offices that support commuter demand and leasing stability for workforce-oriented units, including roles in technology services and healthcare distribution.
Built in 1986, the property’s mid-’80s vintage is newer than much of the surrounding housing stock, offering competitive positioning versus older assets while leaving room for targeted value‑add and systems modernization. Neighborhood occupancy trends sit above the metro median and the local renter concentration is high, supporting demand depth and lease-up resilience. Within a 3‑mile radius, population and household growth — with additional household gains forecast — point to a larger tenant base over time, according to CRE market data from WDSuite.
Livability factors are constructive: restaurant and grocery access are strong for the metro and top quartile nationally, aiding retention, while rent levels in the area are near metro norms, supporting steady absorption. Key watch items include the limited immediate supply of certain amenities (parks, pharmacies, cafes), potential competition from accessible homeownership options, and typical CapEx considerations for a 1980s asset.
- Above-metro occupancy and strong renter concentration support stable leasing
- 1986 vintage offers value-add and modernization potential versus older local stock
- 3-mile population and household growth expand the tenant base over time
- Competitive restaurant and grocery access aids livability and retention
- Risks: limited nearby parks/cafes/pharmacies, ownership alternatives may temper pricing power, typical 1980s CapEx