| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 37th | Poor |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 109 Mohawk Dr, Cobleskill, NY, 12043, US |
| Region / Metro | Cobleskill |
| Year of Construction | 1980 |
| Units | 25 |
| Transaction Date | 2008-01-03 |
| Transaction Price | $2,491,000 |
| Buyer | SUPERIOR LAND MNGMT LLC |
| Seller | COBLESKILL PROPERTIES ASS |
109 Mohawk Dr Cobleskill, NY Multifamily Investment
Neighborhood data indicates renter-occupied housing near half of units with occupancy around the national midpoint, supporting stable leasing fundamentals, according to WDSuite’s CRE market data. At 25 units, the asset size can capture local demand while remaining manageable for operational oversight.
Cobleskill sits within the Albany–Schenectady–Troy metro and the subject lies in an Inner Suburb neighborhood rated B- (ranked 154 of 295 metro neighborhoods). The area’s occupancy is close to the national midpoint, with recent improvement, signaling steady demand without overheated competitive pressure. Median home values are comparatively lower versus many U.S. submarkets, which can temper rent spikes but support retention and steady absorption for well-managed properties.
Amenity access is mixed. Dining and daily services are a relative strength: restaurants, cafes, childcare, and pharmacies rank in the top quartile among 295 metro neighborhoods, enhancing day-to-day convenience that can aid renewals. By contrast, grocery and park access are limited within the neighborhood, which investors should consider when shaping resident services and marketing.
The renter-occupied share of housing units in the neighborhood is elevated within the metro (ranked 50 of 295), indicating a deep tenant base for multifamily operators. Neighborhood occupancy is near the national median (49th percentile), suggesting room for operational improvement through leasing execution rather than relying solely on market tightness.
Vintage context matters: the average neighborhood housing stock skews older (early 1900s on average), while the subject’s 1980 construction is materially newer than typical nearby stock. This positioning can reduce near-term capital exposure relative to very old comparables while still leaving scope for targeted value-add updates to modernize systems and finishes as needed.
Within a 3-mile radius, demographic statistics show recent population softness but improving income profiles and a forecasted increase in households over the next five years. That trajectory, combined with a rent-to-income profile that sits around mid-range nationally, supports a balanced outlook for tenant retention and occupancy management.
Comparable safety data at the neighborhood level is not available in this release from WDSuite. Investors typically benchmark neighborhood trends against metro and national patterns; in the absence of a ranked signal, underwriting should rely on on-the-ground diligence and available municipal reporting for directional context.
Regional employment access skews toward diversified office and technology roles that can support commuter demand. Notable nearby employer:
- IBM — technology & corporate offices (37.4 miles)
Constructed in 1980 with 25 units, 109 Mohawk Dr offers a manageable scale in a neighborhood where occupancy trends sit near the national midpoint and renter concentration is comparatively elevated. The asset is newer than much of the local housing stock, positioning it competitively versus older comparables while retaining potential for focused value-add to drive rent positioning and resident experience. According to CRE market data from WDSuite, amenity access is strongest in dining, cafes, childcare, and pharmacies, which can reinforce renewals despite limited grocery and park options.
Within a 3-mile radius, recent softness in population contrasts with projections for household growth and rising incomes, which together suggest a broader renter pool over time. With home values lower than many national peers and a mid-range rent-to-income profile, operators can prioritize retention and measured rent growth through customer service, modest unit improvements, and expense discipline rather than relying solely on market momentum.
- 1980 vintage is newer than nearby stock, supporting competitive positioning with targeted modernization upside.
- Renter-occupied share is elevated in the neighborhood, indicating a deeper tenant base for steady leasing.
- Amenity strengths in dining, cafes, childcare, and pharmacies aid day-to-day convenience and renewals.
- Forward-looking household and income trends within 3 miles point to a larger renter pool over time.
- Risks: limited grocery/parks, small-market depth, and the need for selective CapEx on a 1980 asset.