| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 57th | Fair |
| Amenities | 74th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 163 Hurley Ave, Kingston, NY, 12401, US |
| Region / Metro | Kingston |
| Year of Construction | 2013 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
163 Hurley Ave, Kingston NY Multifamily Investment
Neighborhood occupancy is around 93%, supporting steady leasing conditions for a 32-unit asset, according to WDSuite’s CRE market data. Newer construction relative to nearby stock points to competitive positioning and lower near-term capital needs.
Situated in Kingston’s Inner Suburb, the surrounding neighborhood carries an A+ rating and ranks 1st out of 86 metro neighborhoods, signaling strong local fundamentals. Daily-needs convenience is a differentiator: grocery and pharmacy access rank among the top three out of 86, and restaurants are in the top quartile nationally, which can aid retention and reduce turnover friction for renters.
At the neighborhood level, occupancy trends sit in the top quartile among 86 Kingston neighborhoods, indicating demand that supports income stability through cycles. Rent levels are mid-market for the metro and in the upper half nationally, while the rent-to-income profile suggests manageable affordability pressure, a constructive backdrop for lease management. Median home values are elevated versus local incomes (high national percentile), a high-cost ownership landscape that tends to reinforce reliance on multifamily housing and can sustain the renter pool.
Construction patterns in the immediate area skew older (average vintage early 20th century), whereas the subject property was built in 2013. The newer vintage improves competitive standing versus older stock and may moderate near-term capital expenditures; investors can still evaluate selective upgrades for modernization or repositioning potential to drive revenue.
Demographic statistics are aggregated within a 3-mile radius. The area has posted modest population growth over the last five years alongside a larger increase in households, and forecasts point to further household growth and smaller average household sizes. That combination typically expands the renter base and supports occupancy stability, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed and should be considered in underwriting. The neighborhood’s overall crime rank is 9th out of 86 in the metro, below the metro median, and national percentiles place it below the middle of U.S. neighborhoods for safety. Property crime metrics sit weaker than national medians, while recent trends show a slight year-over-year improvement in violent incident rates. Investors may want to plan for standard security measures and attentive site management to support resident experience.
Built in 2013 with 32 units, the property offers a newer-vintage option in a predominantly older housing context, enhancing competitive positioning and potentially reducing immediate capital needs. Neighborhood occupancy is in the stronger tier among Kingston submarkets, and daily-needs amenities are dense, supporting resident convenience and lease retention. Elevated ownership costs locally indicate a high-cost ownership market, which can sustain multifamily demand as renters rely on well-located apartments. According to CRE market data from WDSuite, the area’s rent levels and rent-to-income profile suggest manageable affordability pressure, aligning with steady lease management rather than outsized turnover risk.
Within a 3-mile radius, modest population gains and a larger increase in households—paired with forecasts for continued household growth and smaller household sizes—point to a gradually expanding renter pool. While neighborhood NOI per unit trends are below the metro median, the combination of newer construction, amenity access, and stable neighborhood occupancy creates a credible base for long-term income durability, with value-add upside through targeted upgrades and disciplined operations.
- 2013 vintage in an older-stock area supports competitive positioning and lower near-term capex
- Neighborhood occupancy ranks in a stronger tier among 86 metro neighborhoods, reinforcing income stability
- Dense daily-needs amenities (grocery, pharmacy, restaurants) bolster leasing and retention
- 3-mile radius shows household growth and smaller household sizes, expanding the renter base
- Risks: below-median safety rankings and below-metro NOI per unit call for proactive management and security planning