| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 64th | Good |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Henry W Dubois Dr, New Paltz, NY, 12561, US |
| Region / Metro | New Paltz |
| Year of Construction | 1999 |
| Units | 88 |
| Transaction Date | 2017-11-10 |
| Transaction Price | $15,250,000 |
| Buyer | The Josef Yunger 2012 Family Trust |
| Seller | --- |
25 Henry W Dubois Dr New Paltz Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite s CRE market data. This location benefits from a deep tenant base at the neighborhood level rather than property-specific catalysts.
The property sits in an Inner Suburb neighborhood within the Kingston, NY metro that ranks 2 out of 86 neighborhoods with an A+ neighborhood rating, signaling strong overall performance relative to peers. Restaurants are a local strength (ranked 4 of 86; top quartile nationally), while grocery access sits above the metro median. Caf e9 and pharmacy density is limited, which is a consideration for day-to-day convenience.
At the neighborhood level, occupancy is above the metro median (ranked 9 of 86; national percentile 71), and the share of renter-occupied housing units is elevated (ranked 6 of 86). Together, these dynamics suggest a deeper tenant base and support for leasing stability. Neighborhood operating income per unit is also competitive versus national peers (high national percentile), based on CRE market data from WDSuite.
Within a 3-mile radius, population has grown in recent years and households have increased, with forecasts pointing to further population growth and a larger renter pool by 2028. Household sizes are expected to trend smaller, which can sustain demand for multifamily units. Median household incomes have trended upward, reinforcing the depth of qualified renters.
Elevated home values and a high value-to-income ratio (top national percentiles) indicate a high-cost ownership market that can reinforce multifamily demand and lease retention. At the same time, rent-to-income ratios remain comparatively manageable versus many U.S. neighborhoods, which can aid tenant retention and reduce turnover risk. The building a0(1999 vintage) is newer than the area a0average housing stock from 1970, which helps competitive positioning versus older properties; investors should still plan for system updates or targeted renovations as the asset approaches later-life capital cycles. This commercial real estate analysis reflects neighborhood metrics rather than property-level performance.
Comparable safety metrics for this neighborhood are not available in WDSuite 19s current dataset. Investors typically contextualize property risk by benchmarking neighborhood trends against metro and national patterns, reviewing recent municipal reports, and aligning insurance and security planning accordingly.
Regional employment access includes Praxair, supporting a base of tenants tied to manufacturing and related corporate functions. Proximity to this employer can contribute to leasing durability for workforce-oriented renters.
- Praxair d industrial gases & corporate functions (38.1 miles) d HQ
This 88-unit, 1999-vintage property benefits from a neighborhood with above-median occupancy, an elevated share of renter-occupied units, and high national percentiles for home values relative to incomes dconditions that typically support durable rental demand and pricing power. The asset 19s newer vintage versus the area 19s older housing stock enhances its competitive set, though investors should budget for mid-life systems and targeted value-add updates. According to CRE market data from WDSuite, neighborhood operating performance indicators compare favorably with national peers, aligning with steady leasing fundamentals rather than short-term catalysts.
Within a 3-mile radius, recent population growth, a rising household count, and forecasts for further renter pool expansion point to a broader base of potential tenants through the mid-term. Rent-to-income levels appear comparatively manageable versus many U.S. neighborhoods, supporting retention, while a high-cost ownership market sustains reliance on multifamily housing.
- Neighborhood ranks near the top of the Kingston metro (2 of 86) with above-median occupancy and strong renter concentration supporting demand depth.
- 1999 vintage offers relative competitiveness versus older local stock, with potential to capture value through selective renovations and system refreshes.
- High-cost ownership environment supports multifamily reliance, while comparatively manageable rent-to-income ratios aid lease retention.
- 3-mile demographics show recent growth and a forecast for a larger renter pool, supporting occupancy stability over time.
- Risks: limited caf e9/pharmacy density and mid-life capital needs; investors should underwrite for convenience gaps and targeted capex.