| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Good |
| Demographics | 48th | Fair |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16 Sherwood Blvd, Livingston Manor, NY, 12758, US |
| Region / Metro | Livingston Manor |
| Year of Construction | 2010 |
| Units | 28 |
| Transaction Date | 2009-10-27 |
| Transaction Price | $50,000 |
| Buyer | LIVINGSTON MANOR SENIORS LP |
| Seller | LMDC LLC |
16 Sherwood Blvd Livingston Manor Multifamily Investment
Built in 2010, this 28-unit asset is newer than most local stock, positioning it competitively against older inventory while ownership costs in the area suggest steady renter reliance, according to WDSuite’s CRE market data. Neighborhood statistics referenced here describe the surrounding area, not the property’s in-place performance.
The property sits in a rural Sullivan County setting with limited day-to-day amenities nearby. Amenity density ranks 41st among 62 metro neighborhoods, indicating fewer cafes, groceries, parks, and pharmacies in the immediate vicinity, while restaurant presence is above the metro median (25th of 62). For residents, this typically means more driving for errands, and for investors it suggests focusing on conveniences offered on-site to support retention.
Vintage dynamics are favorable. The average construction year in the neighborhood skews older (1949), whereas this asset was built in 2010, offering a more modern baseline that can outperform older comparables. Investors should still plan for CapEx typical of a 2010-vintage property as systems age, but relative competitiveness versus older stock can aid leasing and reduce immediate repositioning needs.
Tenure data indicates a renter-occupied share that is above the metro median (ranked 16th of 62), pointing to a viable tenant base for multifamily leasing. Neighborhood occupancy, however, ranks near the bottom of the metro (55th of 62), so underwriting should account for local leasing friction and emphasize asset-level strengths such as unit finishes, management quality, and pricing strategy. School quality trends above the national median (61st percentile), which can support resident stability for households prioritizing education.
Home values in the area are modest in absolute terms but relatively high versus local incomes (value-to-income ratio in the top quartile nationally), a pattern that tends to sustain demand for rental housing rather than ownership. This supports depth of renter demand and potential lease retention, though pricing power should be balanced against household income sensitivity.
Comparable neighborhood-level public safety metrics were not available in WDSuite’s dataset for this area. Investors typically contextualize safety using county and township sources, property-level incident logs, and resident feedback over time. Given the rural character, it’s prudent to assess lighting, access control, and visibility around common areas as part of standard diligence.
When benchmarking, use consistent geography: compare neighborhood trends to other Sullivan County neighborhoods and review multi-year patterns rather than single-year snapshots to understand stability and any directional shifts.
This 2010-vintage, 28-unit asset offers relative competitiveness versus older neighborhood stock while the surrounding area’s ownership costs compared with incomes tend to reinforce renter demand. Based on CRE market data from WDSuite, neighborhood-level renter concentration sits above the metro median, supporting a workable tenant base, though overall neighborhood occupancy trends suggest leasing may reward hands-on management and thoughtful concessions strategy during seasonally slow periods.
Amenity density is limited in this rural location, so on-site features and maintenance execution can be important differentiators for retention. School ratings track above the national median, which can help stabilize family-oriented tenancy. Underwriting should balance potential for steady demand against income sensitivity and the need for pragmatic marketing to offset location frictions.
- 2010 construction offers a newer baseline versus older local stock, reducing near-term repositioning needs.
- Renter-occupied share above the metro median supports tenant-base depth for multifamily leasing.
- Ownership costs relative to income tend to sustain rental demand and lease retention potential.
- Schools above the national median can aid family-oriented stability and reduce turnover risk.
- Risks: sparse amenity base, neighborhood occupancy ranked near the bottom locally, and income sensitivity may limit rent growth without strong operations.