| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Eastwood Ave, Ellenville, NY, 12428, US |
| Region / Metro | Ellenville |
| Year of Construction | 1982 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Eastwood Ave, Ellenville NY Multifamily Investment
Neighborhood data indicates stable renter demand and daily-needs convenience in Ellenville, according to WDSuite’s CRE market data. Focus is on steady occupancy and a workable value-add story rather than outsized growth assumptions.
Ellenville’s neighborhood fundamentals lean pragmatic for workforce housing. Grocery and pharmacy access rank competitive among 86 Kingston, NY metro neighborhoods, with restaurants and cafes similarly well-represented. This supports everyday convenience for residents and can aid leasing velocity and retention, especially for a 39-unit community positioned for value-focused renters.
Neighborhood occupancy is 84.8% with a slight five-year uptick, a mid-range reading for the metro that suggests demand is present but price-sensitive. The area’s renter-occupied share is 35.2% (renter concentration), which is competitive among Kingston neighborhoods and indicates a meaningful tenant base for multifamily operators without overexposure to transient demand.
Within a 3-mile radius, population has been essentially flat, while households increased and average household size declined. Forward-looking projections show modest population growth and a larger household count, pointing to a gradually expanding renter pool and support for occupancy stability. Median contract rents are lower than many Northeast markets, and the neighborhood’s rent-to-income ratio is measured, which can help reduce affordability pressure and support lease retention.
Home values are comparatively approachable for the region, which can create some competition with ownership options; however, elevated borrowing costs and preference for turnkey living often sustain rental demand in smaller New York markets. Average school ratings in the area are below the national midpoint, which may influence the tenant mix and lease management strategies for family-oriented renters. Overall, the local setup favors reliable absorption for well-managed, appropriately positioned product, based on commercial real estate analysis from WDSuite.
Crime statistics for this neighborhood are not available in WDSuite’s dataset at this time. Investors typically benchmark neighborhood safety by comparing local police or municipal reports to metro-level trends in Kingston, NY and to peer neighborhoods, focusing on directional changes rather than block-level precision.
As with any asset screening, consider corroborating recent trend data with property-level security measures and resident feedback to understand how safety perceptions may affect leasing, tenant retention, and operating expenses.
Built in 1982, this 39-unit asset is newer than much of the surrounding housing stock (many properties date to the mid-20th century). That vintage can offer competitive positioning versus older product, while still leaving room for targeted renovations to modernize systems and finishes. Amenity access for daily needs is competitive within the Kingston metro, and neighborhood occupancy has trended slightly higher, signaling steady—if price-sensitive—demand. According to CRE market data from WDSuite, measured rent-to-income levels support retention strategies focused on moderate rent steps paired with operational improvements.
Demographics aggregated within a 3-mile radius show an expanding household base and smaller household sizes, which together point to a gradually growing renter pool over the next few years. Balancing factors include comparatively approachable home values that can compete with rentals and below-average school ratings, both of which call for disciplined underwriting and amenity/upgrade choices aligned to workforce demand.
- 1982 vintage offers relative competitiveness vs. older neighborhood stock with room for targeted value-add.
- Daily-needs amenities (grocery, pharmacy, dining) are competitive among Kingston neighborhoods, aiding retention.
- Neighborhood occupancy trending modestly upward supports stable operations with measured rent strategies.
- 3-mile household growth and smaller household sizes indicate a gradually expanding tenant base.
- Risks: approachable ownership costs and below-average school ratings require disciplined pricing and capex planning.