| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 29th | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 280 N Main St, Liberty, NY, 12754, US |
| Region / Metro | Liberty |
| Year of Construction | 1982 |
| Units | 55 |
| Transaction Date | 2008-08-14 |
| Transaction Price | $730,000 |
| Buyer | CONIFER LIBERTY HOUSING DEVELOPMENT FUND CO I |
| Seller | CONIFER LIBERTY HOMES LLC |
280 N Main St Liberty, NY Multifamily Opportunity
Renter-occupied housing is significant in the surrounding area, supporting a deeper tenant base and steady leasing potential, according to WDSuite’s CRE market data. This commercial real estate analysis points to durable renter demand reinforced by a high-cost ownership landscape in the neighborhood.
The property sits in a suburban Liberty neighborhood that is competitive among Sullivan County neighborhoods (ranked 11 out of 62), per WDSuite. Local services are a practical strength: grocery access ranks near the front of the pack and pharmacies are among the better-served categories metro-wide, which supports daily convenience and resident retention.
Vintage matters for positioning. Built in 1982, the asset is newer than much of the area s housing stock (neighborhood average skewed older), which tends to improve competitive standing versus pre-war properties while still warranting capital planning for system updates and selective renovations to enhance rentability.
Tenure patterns point to demand depth: the neighborhood shows a relatively high share of renter-occupied units, indicating a broad tenant pool for multifamily operators. At the same time, housing occupancy in the neighborhood trails broader norms, so underwriting should account for leasing strategies and potential concessions during softer periods.
Demographic statistics referenced here are aggregated within a 3-mile radius. Elevated home values relative to incomes in the area suggest a high-cost ownership market, which can sustain reliance on rental housing and help support pricing power when managed carefully. School ratings trend below metro averages, which may influence unit mix performance for family-oriented renters; operators may lean more on proximity to everyday amenities (grocery, pharmacy, parks) to support retention.
Comparable neighborhood-level safety data were not available in WDSuite for this location. Investors typically contextualize property-level risk by reviewing county and municipal reports, management s incident logs, and trend comparisons to nearby neighborhoods rather than relying on block-level snapshots.
When evaluating risk, consider visibility along N Main St, lighting, access controls, and coordination with local responders, alongside historical trends for surrounding Sullivan County areas. This approach helps frame security measures and resident experience without over-interpreting limited datasets.
Major employer proximity supports renter demand through commute convenience; however, specific nearby anchor employers with verified distances were not available from WDSuite for this address. Investors can supplement with local economic development sources to map regional healthcare, education, hospitality, and public-sector hubs that contribute to the area s workforce housing dynamics.
This 55-unit asset built in 1982 offers a pragmatic value-add and cash-flow positioning in a suburban Liberty location where renter concentration is strong and ownership costs are comparatively high. According to CRE market data from WDSuite, neighborhood services such as grocery and pharmacy access compare favorably within the metro, supporting resident convenience and potential retention. The property s newer vintage relative to much of the local stock can be an operational advantage, though targeted modernization can unlock further rentability.
Key considerations include below-average school ratings and housing occupancy that lags broader norms, both of which warrant conservative lease-up and renewal strategies. Affordability pressure signals argue for careful rent-setting and amenity programming to manage retention while pursuing incremental revenue growth.
- Newer 1982 vintage versus older neighborhood stock supports competitive positioning with selective renovation upside
- Strong renter-occupied share indicates a deeper tenant base and supports occupancy stability
- Favorable access to everyday services (grocery, pharmacy, parks) aids retention and day-to-day livability
- High-cost ownership market can sustain reliance on rentals and measured pricing power
- Risks: lower school ratings and softer neighborhood housing occupancy require conservative leasing and renewal management