| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 55th | Fair |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1033 Route 32, Rosendale, NY, 12472, US |
| Region / Metro | Rosendale |
| Year of Construction | 1999 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1033 Route 32 Rosendale Multifamily Investment Snapshot
Neighborhood occupancy trends indicate resilient renter demand and income stability in the Kingston, NY metro, according to WDSuite’s CRE market data.
Located in a suburban pocket of the Kingston, NY metro, the property benefits from a neighborhood rating of B and a track record of high occupancy. The neighborhood 7s occupancy is strong and improving, placing it above the metro median and in the top quartile nationally, which supports steadier cash flow and lower downtime between turns.
Renter-occupied housing accounts for roughly one-quarter of units in this neighborhood, indicating a modest but reliable tenant base for a 40-unit asset. Within a 3-mile radius, the number of households has been growing despite a slight population dip, and forecasts point to further household gains over the next five years. For investors, a rising household count typically expands the local tenant pool and can support occupancy stability even as household sizes trend smaller.
Home values are elevated relative to local incomes, and the area 7s value-to-income metrics suggest a high-cost ownership market. In practice, this tends to sustain reliance on rental housing and can bolster lease retention for well-positioned multifamily properties. Current rent-to-income levels imply manageable affordability pressure, offering room for disciplined rent management without overextending tenants.
Amenity density is limited (few cafes, groceries, and pharmacies within close reach), so residents may rely more on driving for daily needs. That amenity-light profile can modestly temper rent premiums; however, it also reduces direct competition from newer mixed-use districts, positioning well-maintained suburban assets to compete on practicality, parking, and value.
The property 7s 1999 vintage is notably newer than the neighborhood 7s older housing stock (average construction year early 20th century). This relative vintage edge can aid marketing and retention versus older comparables, while still leaving room for targeted modernization to sharpen competitiveness and reduce near-term capex uncertainty.
Comparable neighborhood safety data for this area is not available in the current WDSuite dataset. Investors typically benchmark neighborhood trends against the broader Kingston, NY metro and review multi-year patterns from public sources to understand directionality rather than relying on a single-year snapshot.
Practical underwriting steps include validating property-level measures (lighting, access control, and maintenance response), assessing visibility from the corridor, and confirming management policies that support resident retention. These checks help translate area context into on-site conditions without over- or under-stating safety at the block level.
Regional employment is diversified, with access to industrial and advanced materials roles that can support workforce renter demand and steady commuting patterns. The employers below are representative of the commute shed.
- Praxair d industrial gases (42.1 miles) d HQ
This 40-unit asset, built in 1999, sits in a neighborhood with sustained high occupancy and a renter base that supports stable leasing. Within a 3-mile radius, recent growth in household counts alongside shrinking household sizes points to a broader renter pool over the medium term. Elevated ownership costs in the area reinforce reliance on multifamily, while current rent-to-income levels suggest room for disciplined pricing without materially increasing retention risk, based on CRE market data from WDSuite.
Relative to older local stock, the 1999 vintage offers a competitive positioning advantage, with scope for targeted updates to common areas, interiors, and building systems to enhance rentability and reduce near-term capital uncertainty. The suburban, amenity-light setting may cap premium potential, but it also limits direct competition from mixed-use nodes and can favor properties that execute on convenience, parking, and reliability.
- Neighborhood occupancy is strong and improving, supporting income stability.
- 1999 vintage provides a relative edge versus older comparables with targeted value-add upside.
- Household growth and smaller household sizes within 3 miles expand the local renter pool.
- Elevated ownership costs help sustain demand for rentals and lease retention.
- Risk: amenity-light location and longer commutes to major employers may temper rent premiums.