| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 52nd | Poor |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 State Route 299, Highland, NY, 12528, US |
| Region / Metro | Highland |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 State Route 299, Highland NY Multifamily Investment
Stabilized neighborhood occupancy and a 1972 vintage that is newer than much of the local housing stock point to durable renter demand, according to WDSuite’s CRE market data. The 24-unit scale supports professional management while leaving room for targeted value-add.
Highland sits within the Kingston, NY metro and shows steady rental fundamentals. Neighborhood occupancy trends are competitive, with the area ranking 20 out of 86 metro neighborhoods, placing it in the top quartile nationally; this supports lease-up and retention strategies for a 24-unit asset. Renter-occupied housing accounts for an estimated 38.7% of neighborhood units, indicating a moderate renter concentration and a viable tenant base for multifamily operations.
Amenities within the immediate neighborhood are limited (few cafes, groceries, parks, and restaurants per WDSuite), which suggests a more car-oriented living pattern. That said, the average school rating ranks 4 out of 86 metro neighborhoods — a top-quartile standing — and sits near the 61st national percentile, a relative strength for family-oriented renters screening districts in Ulster County.
Demographic statistics within a 3-mile radius indicate a nuanced demand picture: recent years show population contraction alongside a small increase in households and a declining average household size. Forward-looking projections point to household growth through 2028, which can expand the renter pool and support occupancy stability even as household sizes continue to edge lower.
Rents have trended upward over the past five years both in the immediate neighborhood and within the 3-mile radius, reinforcing pricing discipline while highlighting the importance of affordability management to sustain lease retention. Compared with older local housing (average neighborhood construction year is 1944), a 1972 asset can compete better on livability after selective modernization.
Neighborhood-level crime data for this area is not available in WDSuite’s dataset, so comparative safety rankings versus the 86 Kingston metro neighborhoods could not be assessed. Investors typically contextualize safety using town and county trend reports, police blotter summaries, and insurance loss runs to gauge resident experience and potential operating implications.
Standard diligence includes reviewing multi-year trends, comparing against nearby Kingston-area neighborhoods, and confirming any property-specific measures (lighting, access control) that can support tenant retention and risk management.
Regional employment nodes within commuting reach can help support renter demand and renewal stability. The following nearby headquarters illustrates industrial and corporate depth accessible from Highland.
- Praxair — industrial gases (35.3 miles) — HQ
This 24-unit property, built in 1972, is newer than the neighborhood’s largely pre-war housing stock, offering a competitive position versus older rentals while leaving room for targeted modernization of interiors and building systems. Based on commercial real estate analysis from WDSuite, neighborhood occupancy ranks in the top quartile among 86 Kingston metro neighborhoods, and the local renter concentration supports day-one demand depth.
Within a 3-mile radius, recent household growth despite population softness, rising contract rents, and projections for additional household increases through 2028 point to a larger tenant base and generally supportive leasing conditions. Key considerations include limited walkable amenities in the immediate area and a smaller submarket scale, which place a premium on prudent rent-setting and resident retention practices.
- Occupancy strength: top-quartile neighborhood rank within Kingston metro supports leasing stability.
- 1972 vintage: competitive versus older local stock; selective renovations can enhance rents and retention.
- 3-mile household growth and rising rents: expanding renter pool underpinning NOI durability.
- Investor focus: manage affordability and renewals given limited nearby amenities and small-market scale.