| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 19 Healthy Way, Ellenville, NY, 12428, US |
| Region / Metro | Ellenville |
| Year of Construction | 2005 |
| Units | 45 |
| Transaction Date | 2010-11-18 |
| Transaction Price | $140,000 |
| Buyer | ELLENVILLE III REGIONAL SENIOR HOUSING D |
| Seller | WARWICK PROPERTIES INC |
19 Healthy Way Ellenville NY — 2005 Multifamily Investment
According to WDSuite’s CRE market data, this 2005-vintage, 45-unit asset offers a newer profile than much of the surrounding housing, supporting leasing competitiveness and tenant retention in a steady, workforce-oriented pocket of Ulster County.
Ellenville sits within the Kingston, NY metro and skews Inner Suburb by WDSuite’s neighborhood typology, with everyday conveniences like groceries, pharmacies, and dining present at moderate density. Local school ratings trend below national medians, which investors often factor into family-oriented leasing strategies and renewal planning.
Neighborhood rent levels are modest (median contract rents near the middle of national distributions) and the area’s occupancy runs around the metro mid-pack, which generally supports stable operations without outsized vacancy risk. The share of renter-occupied housing is competitive among Kingston’s 86 neighborhoods, indicating a meaningful local tenant base for multifamily owners.
Within a 3-mile radius, recent years show population edging down while the household count has increased, reflecting smaller household sizes and a shift toward more, smaller households rather than broader population expansion. Forward-looking estimates point to incremental population stabilization and further household growth, which typically expands the renter pool and supports occupancy management and lease-up predictability.
Home values in this pocket are lower than many Northeast metros, creating a mixed signal for rentals: ownership is relatively attainable for some, which can introduce competition, yet rent-to-income ratios remain manageable and support lease retention with prudent pricing. Based on commercial real estate analysis from WDSuite, the neighborhood’s amenity mix and renter concentration offer balanced fundamentals for workforce-oriented demand.
Neighborhood-level crime metrics are not available from WDSuite for this area. Investors commonly benchmark property performance against metro and county trends and incorporate on-site security, lighting, and management practices into underwriting rather than relying on block-level readings.
This 2005 construction stands out versus the neighborhood’s older housing stock, giving the property a relative edge in curb appeal and functionality while approaching the timing window for selective system upgrades and common-area refreshes. According to CRE market data from WDSuite, neighborhood occupancy is steady and the share of renter-occupied units is competitive within the Kingston metro, supporting a dependable tenant base.
Within a 3-mile radius, households have grown even as population has flattened, implying smaller household sizes and a larger pool of renters entering the market. Modest rent levels relative to income support lease retention and measured rent growth strategies, while lower local home values suggest monitoring move-outs to ownership as part of risk management.
- 2005 vintage offers competitive positioning versus older neighborhood stock, with clear, planable mid-life CapEx.
- Renter-occupied share is competitive among Kingston’s 86 neighborhoods, reinforcing tenant base depth.
- Household growth within 3 miles expands the renter pool and supports occupancy stability.
- Modest rents relative to incomes aid retention; pricing power should be managed prudently.
- Risks: below-average school ratings, limited park access, and potential competition from attainable ownership.