| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Good |
| Demographics | 25th | Poor |
| Amenities | 37th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4 Golden Park Ln, Liberty, NY, 12754, US |
| Region / Metro | Liberty |
| Year of Construction | 1974 |
| Units | 75 |
| Transaction Date | 2016-05-19 |
| Transaction Price | $2,500,000 |
| Buyer | GOLDEN PARK HOUSING DEVEL OPMENT FUND COMPANY |
| Seller | LIBERTY SENIOR CITIZENS HOUSES INC AS NOMINEE |
4 Golden Park Ln, Liberty NY Multifamily Opportunity
Neighborhood occupancy has improved over the past five years and renter-occupied housing is meaningful for a rural area, according to WDSuite’s CRE market data, supporting consistent multifamily demand.
Liberty’s rural setting offers day-to-day essentials with limited congestion, which can support tenant retention for workforce housing. Parks and pharmacies are comparatively accessible in this neighborhood (competitive among Sullivan County neighborhoods), while cafes and childcare options are sparse—typical of lower-density locations. For investors, this mix implies quieter living with sufficient basics, but fewer lifestyle amenities within immediate reach.
Neighborhood occupancy has trended upward over five years, though levels remain below national norms. Within the metro context (28th of 62 overall neighborhood rank, rating B), the area is competitive on a relative basis, but investors should underwrite leasing with conservative assumptions and emphasize local job-linked demand drivers.
The share of housing units that are renter-occupied is above the metro median, indicating a deeper renter base relative to many nearby neighborhoods. This renter concentration can support leasing velocity and stabilize occupancy through normal cycles, especially for well-managed, needs-based product.
Ownership costs versus local incomes are on the higher side for the area (value-to-income metrics sit in the upper national percentiles), which tends to reinforce reliance on rental housing. Rent-to-income readings are around mid-range nationally, suggesting manageable affordability pressure that still warrants prudent lease management and renewal strategies.
Construction in the neighborhood skews slightly newer than this asset’s 1974 vintage. For investors, that points to potential value-add through system upgrades and selective renovations to remain competitive with newer stock while capturing durable renter demand.
Neighborhood-level crime data was not available in WDSuite for this location. Investors typically benchmark safety perceptions using county and metro comparisons, property-level incident history, and trends over time rather than block-level snapshots. As with any acquisition, underwriting should incorporate local management insights and insurance feedback to contextualize risk.
Built in 1974 with 75 units, the property offers a scale advantage in a rural Liberty submarket where renter concentration is comparatively strong for the metro. Neighborhood occupancy has improved over the past five years, and ownership costs relative to local incomes support sustained demand for rental housing. According to commercial real estate analysis from WDSuite, local amenities are serviceable but limited, positioning value-add operations and dependable property management as key differentiators.
The 1974 vintage suggests a practical path for targeted capital planning—modernizing systems and finishes to compete with slightly newer neighborhood stock—while focusing on workforce-oriented renters. Underwrite with conservative absorption and retention assumptions given below-national occupancy levels, but expect steady demand from the area’s established tenant base.
- Renter-occupied share above metro median supports a deeper tenant base and leasing stability.
- Five-year improvement in neighborhood occupancy underpins a path to consistent cash flow.
- 1974 vintage offers value-add and capex-driven competitiveness versus slightly newer area stock.
- Ownership costs relative to incomes reinforce reliance on multifamily housing, aiding retention.
- Risk: below-national occupancy and limited lifestyle amenities warrant conservative lease-up and expense planning.