| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 S Main St, Ellenville, NY, 12428, US |
| Region / Metro | Ellenville |
| Year of Construction | 1980 |
| Units | 104 |
| Transaction Date | 2025-05-13 |
| Transaction Price | $9,750,000 |
| Buyer | EMERALD POND LLC |
| Seller | EMERALD POND HLDG LLC |
200 S Main St Ellenville Multifamily Investment
Neighborhood renter demand is supported by a meaningful renter-occupied share and manageable rent-to-income levels, according to WDSuite s CRE market data. For investors, this points to a broad tenant base and potential for stable leasing even as occupancy trends vary by Kingston s submarkets.
Located in Ellenville within the Kingston, NY metro, the neighborhood carries a B rating and functions like an inner-suburb node with day-to-day services close by. Grocery and pharmacy access are competitive among Kingston neighborhoods, supporting convenience-driven retention for workforce renters. Caf e9 and restaurant density is also above the metro median, enhancing livability for residents and employees with local service jobs.
School quality is competitive among Kingston neighborhoods but trails national norms, which may modestly narrow the family-renter segment relative to higher-rated school districts. Park access is limited in the immediate area, so on-site open space and property-level amenities can play an outsized role in resident satisfaction and renewal likelihood.
The local housing stock skews older than many U.S. neighborhoods, while this property a0 281980 29 is newer than the area 27s pre-war average. For investors, a 1980 vintage typically means fewer near-term structural surprises than earlier stock, with potential to capture value-add returns through targeted system updates, energy-efficiency upgrades, and interior refreshes to differentiate from aging comparables.
Tenure patterns indicate a meaningful share of renter-occupied housing units in the neighborhood, which expands the pool of prospective tenants and can support occupancy stability. Within a 3-mile radius, demographic statistics show recent population growth and a notably faster increase in households alongside smaller average household sizes 2014 trends that generally expand the renter pool and support steady unit absorption.
Home values in the area sit below many national peers, and neighborhood rents trend in a more accessible range. For multifamily investors, a high-cost ownership market is not required here to maintain demand; instead, pricing relative to local incomes and service accessibility underpin leasing durability and can support measured rent growth without overextending affordability, based on CRE market data from WDSuite.
Comparable neighborhood crime metrics were not available in this dataset. Investors typically benchmark safety using multiple sources 20 28county and metro trend context, property-level incident logs, and municipal reports 29 to evaluate tenant retention and operating risk. Where direct neighborhood ranks are unavailable, underwriting often leans on management records and local policing updates to gauge trend direction and mitigation needs.
200 S Main St is a 104-unit property built in 1980, positioned in an inner-suburb setting with everyday services that support renter retention. The asset is newer than much of the surrounding housing stock, creating a practical platform for targeted value-add. Household counts within a 3-mile radius have been rising while average household size trends lower, indicating a larger tenant base and steady demand for smaller-format rentals. Neighborhood occupancy trends trail stronger national benchmarks, but rent-to-income levels remain manageable, which can help sustain renewals and limit economic vacancy when leasing is actively managed, according to commercial real estate analysis from WDSuite.
Overall, the investment case centers on durable, service-oriented renter demand, competitive amenity access for daily needs, and modernization upside tied to a 1980 vintage. Risks to monitor include modest school ratings versus national norms, limited nearby parks, and the possibility that local occupancy may underperform higher-growth metros, requiring disciplined leasing and expense controls.
- 1980 vintage offers practical value-add and systems modernization potential versus older neighborhood stock.
- Service-rich location with grocery, pharmacy, and dining access supports retention and day-to-day convenience.
- 3-mile demographics show household growth and smaller household sizes, expanding the renter pool and supporting absorption.
- Manageable rent-to-income dynamics can aid renewal rates and reduce economic vacancy with active management.
- Risks: occupancy trends below stronger national benchmarks, limited parks, and school ratings below national averages.