| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Healthy Way, Ellenville, NY, 12428, US |
| Region / Metro | Ellenville |
| Year of Construction | 2005 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15 Healthy Way, Ellenville NY — 2005-Built 57-Unit Multifamily
Positioned in a renter-heavy neighborhood that shows steady household formation, this asset offers durable demand drivers and competitive positioning versus older local stock, according to WDSuite s CRE market data.
The property sits in a Kingston, NY metro neighborhood rated B and ranked 39 out of 86, placing it above the metro median. Local occupancy is moderate, while the share of renter-occupied housing is comparatively high for the area, indicating a meaningful tenant base that supports leasing stability for multifamily operators.
Typical buildings in the neighborhood date to the early 1940s, so a 2005 vintage positions this property as newer than much of the competitive set. For investors, that often means more competitive curb appeal and systems relative to older stock, while still planning for mid-life replacements and selective upgrades to sharpen positioning.
Neighborhood amenities are serviceable for daily needs: grocery and pharmacy access rank above many areas nationally, and restaurant and cafe density is competitive. Park access is limited, which may temper lifestyle appeal for some residents, and average public school ratings trend below national norms; both factors are worth underwriting in marketing and tenant-retention strategies. Transit connectivity is not a defining feature here, so convenience skews toward local-driving households.
Demographic metrics aggregated within a 3-mile radius show a slight population dip over the past five years alongside a notable increase in household count and smaller average household sizes. This combination typically expands the renter pool and supports occupancy stability, with income levels trending higher and reinforcing the ability to sustain rent levels in line with the submarket. Forward-looking projections point to further household growth, which can deepen the tenant base if supply remains measured.
Comparable neighborhood-level safety data is not available in WDSuite for this location. Investors commonly benchmark observed trends against Kingston metro and national indices when data is accessible and rely on consistent property-level management practices (lighting, access controls, and resident engagement) to support retention and tenancy quality.
Built in 2005 with 57 units, the asset is materially newer than much of the nearby housing stock, offering relative competitiveness versus older properties while still allowing for targeted value-add to elevate finishes and common areas. Household formation around the asset (measured within a 3-mile radius) has outpaced population trends as household sizes shrink, which typically widens the renter base and supports steady occupancy and lease renewal potential. Elevated home values at the neighborhood level are modest by national standards, which may introduce some competition from ownership, but rent-to-income levels suggest manageable affordability that can aid retention.
According to CRE market data from WDSuite, the neighborhood s renter-occupied share is comparatively strong for the metro, daily-needs amenities are accessible, and school quality trends below national averages a factor to weigh in marketing and leasing plans rather than a deal breaker. Overall, the thesis centers on durable renter demand in a smaller Hudson Valley market, relative asset quality versus older stock, and measured upside through operational execution and selective renovations.
- 2005 vintage outcompetes older local stock while allowing selective value-add
- 3-mile household growth and smaller household sizes expand the renter pool
- Renter-occupied concentration supports depth of demand and leasing stability
- Daily-needs amenities nearby; limited parks and below-average schools require messaging
- Risk: moderate neighborhood occupancy and potential competition from ownership options