| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 199 Canal St, Ellenville, NY, 12428, US |
| Region / Metro | Ellenville |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
199 Canal St Ellenville NY Multifamily Investment
Positioned in an Inner Suburb of the Kingston metro, this 30-unit asset benefits from a renter base supported by stable neighborhood occupancy and relative affordability, according to WDSuite’s CRE market data. The combination of everyday amenities nearby and a renter-leaning housing mix underpins demand and lease retention potential.
Ellenville’s neighborhood rating sits above the metro median among 86 Kingston-area neighborhoods, indicating balanced fundamentals with investor-relevant stability. Neighborhood occupancy trends are around the metro midpoint and below national levels, so asset performance will rely on hands-on leasing and renewals rather than outsized tailwinds.
Daily needs are well covered: grocery, cafes, pharmacies, and restaurants all rank in the top quartile among 86 metro neighborhoods, supporting livability and convenience for renters. Park access is limited locally, which may slightly reduce lifestyle appeal versus greener submarkets, but nearby retail and services mitigate this for many residents.
The renter-occupied share is elevated for the neighborhood within the metro context, signaling a deeper tenant pool for multifamily. Within a 3-mile radius, households have grown while average household size has trended smaller, expanding the pool of potential renters and supporting occupancy stability. School ratings trend below national averages, which can temper family-driven demand but often has less impact on workforce-oriented properties.
Home values are comparatively accessible for the area, which can introduce some competition from ownership. However, rent-to-income levels near the national midpoint suggest manageable affordability pressures for renters, supporting retention and steadier collections. The property’s 1988 vintage is newer than the neighborhood’s older housing stock, which can enhance competitive positioning versus pre-war inventory, though investors should still plan for modernization of aging systems as part of a value-add strategy.
Neighborhood-level crime comparisons for this area are not available in WDSuite’s dataset at this time. Investors typically benchmark conditions against city and county sources and evaluate on-site security, lighting, and access control during diligence to understand any leasing or retention implications.
This 1988-vintage, 30-unit property offers relative competitiveness versus older neighborhood stock, with everyday amenities in the top quartile locally supporting renter convenience. Household growth within a 3-mile radius and a higher neighborhood renter concentration point to a durable tenant base. According to CRE market data from WDSuite, occupancy trends align near the metro median, so outcomes should hinge on active leasing, modest upgrades, and retention management rather than outsized market momentum.
Ownership costs are comparatively accessible in this part of Ulster County, which can create some competition with for-sale housing, but rent-to-income metrics near the national midpoint and steady neighborhood demand drivers support collections and stable tenancy. Modernization and light value-add—particularly kitchens, baths, and building systems—can reinforce competitive positioning against much older local stock.
- Newer-than-area vintage (1988) offers competitive edge versus older inventory with targeted upgrades
- Renter concentration and 3-mile household growth support a deeper tenant base and occupancy stability
- Top-quartile access to daily amenities aids leasing velocity and resident satisfaction
- Manageable rent-to-income dynamics support retention and steady collections
- Risk: comparatively accessible ownership options and lower school ratings may temper certain demand segments