| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17 Healthy Way, Ellenville, NY, 12428, US |
| Region / Metro | Ellenville |
| Year of Construction | 2005 |
| Units | 42 |
| Transaction Date | 2009-11-24 |
| Transaction Price | $218,736 |
| Buyer | ELLENVILLE II REGIONAL SENIOR HOUSING DE |
| Seller | ELLENVILLE REGIONAL SENIOR HOUSING DEVEL |
17 Healthy Way, Ellenville NY Multifamily Investment
2005 garden-style asset with a 42-unit scale positioned for steady renter demand and practical operations in Ulster County, according to WDSuite’s CRE market data. Neighborhood-level occupancy trends are steady, and relative affordability supports retention.
Ellenville sits within the Kingston, NY metro and rates above metro median overall (rank 39 of 86 neighborhoods), per WDSuite. The area functions as an inner-suburb node with everyday conveniences: grocery and pharmacy access trend above national averages, while cafes and restaurants place in the upper half nationally. Park access is limited, which modestly tempers lifestyle appeal for outdoor-oriented renters.
Renter-occupied share in the neighborhood is 35.2% (rank 15 of 86), placing it in the top quartile locally—an indicator of a durable tenant base for multifamily owners. Neighborhood occupancy is stable in recent years, though not a metro leader, suggesting pragmatic lease-up and ongoing renewal potential rather than outsized pricing power.
Within a 3-mile radius, population has been roughly flat over the last five years, while household counts increased and average household size decreased. For investors, that combination typically points to more, smaller households and a broader renter pool to support occupancy. Forward-looking estimates indicate continued household growth through 2028, which should help sustain leasing velocity even if population growth remains muted.
Home values remain moderate for the region, which can introduce some competition from ownership alternatives. However, rent-to-income levels trend manageable, supporting lease retention and payment performance. Average school ratings track below national norms; investors focused on family renters may choose to emphasize unit finishes, property services, or pricing strategy over school-driven demand. As a 2005 vintage in a metro where the average construction year skews much older, this property is positioned competitively versus legacy stock, with modernization and systems updates evaluated as part of routine capital planning.
Neighborhood-level crime metrics are not available in WDSuite for this area at the time of publication. Investors commonly contextualize property security by reviewing city and county trend data, recent police reports, and on-site observations, and by budgeting for lighting, access controls, and monitoring consistent with local norms.
This 2005, 42-unit asset offers a newer-vintage alternative to much of the Kingston metro’s older housing stock, supporting competitive positioning on operations and resident experience. Renter concentration in the neighborhood sits in the local top quartile, indicating depth in the tenant base, while rent-to-income levels are manageable, a combination that supports occupancy stability and renewals based on CRE market data from WDSuite.
Households within a 3-mile radius have increased even as average household size declined, pointing to more, smaller renter households and steady leasing demand. The ownership market remains relatively accessible, which can create some competition for certain renter segments; in turn, value-oriented finishes and consistent service can help sustain retention and pricing discipline.
- Newer 2005 vintage versus older metro stock supports competitive positioning and reduces near-term functional obsolescence risk.
- Top-quartile neighborhood renter concentration indicates a durable tenant base for sustained leasing.
- Manageable rent-to-income dynamics support retention and collections stability.
- Household growth within 3 miles suggests ongoing demand from smaller households, aiding occupancy.
- Risk: Moderate home values can create competition from ownership; disciplined renovation scope and pricing strategy are key.