| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 37th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 Mohawk Dr, Cobleskill, NY, 12043, US |
| Region / Metro | Cobleskill |
| Year of Construction | 1978 |
| Units | 26 |
| Transaction Date | 2009-08-13 |
| Transaction Price | $663,592 |
| Buyer | SUPERIOR LAND MANAGEMENT LLC |
| Seller | ESTATE ROSEN JEROME |
108 Mohawk Dr, Cobleskill NY Multifamily Investment
Renter concentration ranks competitively within the Albany–Schenectady–Troy metro, supporting steady tenant demand near the property, according to WDSuite’s CRE market data.
Cobleskill sits in the Albany–Schenectady–Troy region’s inner-suburban band, offering small-town livability with access to regional employment corridors. Neighborhood fundamentals register around the metro middle on overall occupancy, while a comparatively high share of renter-occupied housing units indicates a deeper tenant base for a 26-unit property.
Amenities are mixed. Cafes and restaurants trend above national norms—cafes are in the top quartile nationally and restaurants are also strong—while pharmacies index well above average. By contrast, neighborhood grocery and park density is limited, which may influence resident convenience and should be weighed in leasing strategy.
Within a 3-mile radius, demographics show recent population and household softness but a forward turn: past five-year population contracted, yet WDSuite’s data indicate a projected population increase and notable growth in households by 2028. Smaller average household size points to sustained demand for 1–2 bedroom formats; the property’s average unit size (~701 sf) aligns with that renter profile and can support occupancy stability.
Relative context versus the metro and nation: the neighborhood’s amenity position is competitive among Albany–Schenectady–Troy neighborhoods (41 of 295), with select categories (cafes, pharmacies) landing near or within the top quartile nationally. School ratings trend below national average, which can matter for family renters, whereas the renter-occupied share ranks in the top portion of metro neighborhoods—an investor-positive signal for multifamily demand depth.
Home values are modest for the region and the rent-to-income profile indicates manageable affordability pressure, supporting lease retention. However, more accessible ownership options can introduce competition for some renter cohorts; pricing and renewal strategies should account for this dynamic.
Comparable neighborhood crime metrics are not available in WDSuite’s dataset for this location. Investors should assess safety using multiple sources and trend comparisons at the village, county, and metro levels to understand relative risk and any directional changes over time.
A prudent approach is to benchmark reported incidents and perceptions against surrounding Albany–Schenectady–Troy neighborhoods and monitor local policy or community initiatives that may influence long-run stability.
Regional employment centers within commuting range help diversify the renter pool; the following nearby corporate office can support demand from commuting professionals.
- IBM — information technology (37.4 miles)
108 Mohawk Dr is a 26-unit 1978-vintage asset that is newer than much of the local housing stock, offering relative competitiveness versus older properties while still presenting potential value-add through system upgrades and interior modernization. According to CRE market data from WDSuite, neighborhood occupancy trends around the national middle, but the renter-occupied share ranks high within the metro, supporting demand depth for stabilized leasing.
Investor takeaways center on balanced affordability and forward-looking household expansion. The neighborhood’s rent-to-income positioning suggests manageable affordability pressure that can aid renewal rates, while 3-mile demographics point to projected population growth and a sizable increase in households by 2028—conditions that can expand the renter pool and support occupancy durability. Amenity access is mixed (strong cafes/pharmacies, limited grocery/parks), which argues for targeted resident services and marketing to sustain retention.
- 1978 construction is newer than area averages, with modernization upside for competitive positioning
- Renter-occupied share ranks high locally, supporting tenant base depth and leasing stability
- Balanced affordability (rent-to-income) supports retention and prudent rent growth management
- 3-mile outlook shows projected population and household growth, expanding the renter pool
- Risks: limited grocery/park density, below-average school ratings, and prior population softness warrant active asset management