| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 53rd | Fair |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13 Village Dr, Saugerties, NY, 12477, US |
| Region / Metro | Saugerties |
| Year of Construction | 1989 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13 Village Dr Saugerties 120-Unit Multifamily
Neighborhood occupancy is strong and trending stable, supporting leasing durability for this asset, according to WDSuite’s CRE market data. Figures cited reflect neighborhood conditions rather than the property’s own performance.
Positioned in Saugerties within the Kingston, NY metro, the neighborhood carries an A rating and ranks 10th out of 86 metro neighborhoods—placing it in the top quartile locally. As an Inner Suburb, it offers everyday conveniences with a balanced pace that appeals to a broad renter base.
Daily-needs access is a relative strength: cafes rank 4th of 86 (top quartile locally; high national standing), groceries are competitive at 15th of 86, and pharmacies rank 7th of 86—helpful for resident retention. Park and childcare access are thinner (both ranked 86th of 86), so outdoor and family-oriented amenity depth may rely more on nearby towns or private offerings.
Operating fundamentals at the neighborhood level are favorable for multifamily: occupancy is high (ranked 6th of 86; upper-tier nationally), and renter-occupied housing accounts for a meaningful share of units (ranked 11th of 86; high national percentile). Median rents sit near the middle of the national distribution while the neighborhood’s rent-to-income footprint is relatively manageable, supporting lease retention and steady demand.
Within a 3-mile radius, demographics point to a steady tenant base today and potential renter pool expansion ahead. Recent trends show modest population growth alongside an increase in households, and projections through 2028 indicate further population growth with smaller average household sizes—both constructive for multifamily absorption. Elevated home values relative to local incomes (above the national midrange) suggest a high-cost ownership market that can sustain renter reliance on multifamily housing, underpinning pricing power while still requiring thoughtful affordability management.
The property’s 1989 construction is newer than the neighborhood’s older housing stock (average vintage measured at the neighborhood level is in the 1950s), which positions the asset competitively versus older comparables while leaving room for targeted modernization of interiors and building systems as part of a value-add plan.
Comparable safety insights at the neighborhood level are not available in this release. Investors typically benchmark neighborhood crime trends against the Kingston metro and national distributions; where data is available, using multi-period trends can help separate cyclical noise from structural change. Absent direct figures, underwriting should rely on third-party datasets and property-level incident history.
- IBM — technology & corporate offices (42.2 miles)
Regional employment access is diversified across the Hudson Valley; while major corporate campuses are not immediately adjacent, larger employers within commuting reach can still support demand from mobile professionals and hybrid workers.
This 120-unit, 1989-vintage asset aligns with neighborhood fundamentals that favor stable occupancy and a durable renter base. The area ranks in the top quartile among 86 Kingston-metro neighborhoods, shows high neighborhood occupancy, and maintains a sizable share of renter-occupied housing—factors that support leasing stability and renewal velocity. Elevated ownership costs relative to income reinforce renter demand, while rents remain generally manageable in rent-to-income terms, aiding retention.
According to commercial real estate analysis from WDSuite, the 3-mile area shows population growth and a projected increase in households through 2028, implying a larger tenant base and ongoing demand for rental units. The 1989 vintage offers competitive positioning versus older stock with potential value-add upside via targeted renovations and systems upgrades to capture rent lifts without overextending affordability.
- Neighborhood ranks top quartile among 86 metro areas, supporting demand and leasing stability.
- High neighborhood occupancy and meaningful renter-occupied share point to depth of tenant demand.
- 1989 vintage offers value-add potential through targeted modernization versus older local stock.
- 3-mile projections indicate population growth and more households, expanding the renter pool.
- Risk: Limited parks/childcare access and modest school ratings may weigh on some family demand segments; incorporate into leasing strategy and amenity planning.