| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 62nd | Good |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 16 Hillside Ter, Kingston, NY, 12401, US |
| Region / Metro | Kingston |
| Year of Construction | 1987 |
| Units | 112 |
| Transaction Date | 2010-04-30 |
| Transaction Price | $117,000 |
| Buyer | JANGDA ASLAM |
| Seller | ESTATE OF HENRY JOSEPH |
16 Hillside Ter Kingston Multifamily Investment
Positioned in a suburban Kingston submarket with steady renter demand and a newer-than-average vintage for the area, this asset offers durable occupancy potential according to WDSuite’s CRE market data.
This suburban neighborhood carries a B rating and sits competitive among Kingston neighborhoods (41 of 86) for overall fundamentals. Amenity density trends mid-pack locally (amenity rank 34 of 86), with limited cafes, groceries, parks, and pharmacies inside the immediate tract, so daily needs often cluster along nearby corridors. For investors, that typically tilts demand toward properties that offer on-site conveniences and parking.
Rents in the neighborhood benchmark above metro medians and land in the upper half nationally, while occupancy for the neighborhood has been stable around the low 90s in recent periods, easing slightly over five years. Median contract rent levels have risen over the past cycle, and with a rent-to-income ratio tracked near the higher national percentiles, lease management should balance pricing with retention to sustain performance.
Home values screen above national midpoints and, relative to incomes, indicate a higher-cost ownership market. In practice, that tends to reinforce renter reliance on multifamily housing, supporting tenant retention and reducing turnover risk, particularly for well-managed assets.
The property’s 1987 construction is newer than the neighborhood’s older housing stock (average vintage mid-20th century). That positioning generally enhances competitiveness versus older comparables, though investors should still plan for modernization of building systems and common areas as part of long-term capital strategy.
Within a 3-mile radius, demographic data show modest population growth recently and an expected increase in households over the next five years alongside smaller average household sizes. This points to a broader tenant base and incremental demand for rental units, supporting occupancy stability for professionally operated communities.
Based on WDSuite’s CRE market data, the neighborhood compares favorably on safety versus areas nationwide, landing in the top quartile nationally, with year-over-year declines in both violent and property offense estimates. For investors, the directional trend and relative standing support leasing appeal and tenant retention without relying on block-level claims.
At the metro scale, performance is above average, and recent improvement further reduces headline risk. Standard underwriting should still consider property-level security, lighting, and access controls as part of operating best practices.
This 112-unit 1987 asset benefits from a suburban Kingston location where ownership costs trend elevated relative to incomes, supporting durable multifamily demand. The property’s newer vintage versus much of the local housing stock enhances competitive positioning, while neighborhood occupancy has held near the low 90s with modest softening, suggesting stable leasing with disciplined rent management. According to CRE market data from WDSuite, safety benchmarks rank favorably nationally and have improved year over year, supporting renter appeal.
Within a 3-mile radius, recent population growth and a projected increase in households alongside smaller average household sizes point to a larger renter pool over the next five years. Pairing that with above-metro rent benchmarks and an ownership market that remains high-cost relative to incomes, the asset’s demand outlook is constructive, with value-add potential through targeted system upgrades and common-area modernization.
- Newer 1987 vintage versus older local stock supports leasing competitiveness; plan for system modernization over hold
- Favorable safety standing nationally with improving trends supports renter appeal and retention
- High-cost ownership context reinforces reliance on rentals, aiding occupancy stability
- 3-mile household growth and smaller household sizes expand the tenant base over time
- Risks: limited immediate amenities and slightly softer neighborhood occupancy warrant conservative lease and expense assumptions