| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 44th | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 161 Market St, Saugerties, NY, 12477, US |
| Region / Metro | Saugerties |
| Year of Construction | 1976 |
| Units | 31 |
| Transaction Date | 2016-08-05 |
| Transaction Price | $2,100,000 |
| Buyer | 584 RUGBY LLC |
| Seller | GARCIA LADA LLC |
161 Market St, Saugerties NY Multifamily Investment
Stabilized renter demand is supported by a high neighborhood renter concentration and competitive occupancy, according to WDSuite’s CRE market data, positioning this asset for steady operations in a high-cost ownership context.
Situated in an Inner Suburb of the Kingston, NY metro, the neighborhood scores an A rating and ranks 6th among 86 metro neighborhoods, indicating top-quartile positioning locally. Amenity access is a strength: grocery and pharmacies rank near the top of the metro, and restaurants are also competitive, which supports daily convenience and leasing appeal for workforce tenants.
The neighborhood’s occupancy is competitive among Kingston neighborhoods (ranked 15th of 86), and the share of renter-occupied housing is among the highest locally (ranked 1st of 86; high national percentile). For investors, this indicates a deep tenant base that can support leasing stability for multifamily assets.
Within a 3-mile radius, recent years show essentially flat population but a modest increase in households alongside smaller household sizes — a pattern that generally expands the renter pool. Projections through 2028 indicate growth in households and a rising renter share, supporting demand for rental units and helping sustain occupancy.
Ownership remains relatively expensive in context (elevated value-to-income ratio nationally), which reinforces reliance on rental housing; at the same time, local rent-to-income levels track on the lower side nationally, a mix that can aid retention and reduce near-term affordability pressure. Average school ratings trend below the national midpoint, a factor to consider for family-oriented leasing strategies, though strong amenity access offsets some livability concerns. The property’s 1976 vintage is newer than the neighborhood’s older housing stock (average construction year skewed early 1900s), suggesting competitive positioning with potential value-add through system upgrades and interior modernization.
Neighborhood-level crime metrics are not available in WDSuite for this area, so investors typically benchmark safety using broader regional context and property-level measures (lighting, access control, and management practices). Without a metro rank or national percentile, comparative statements should be made cautiously and validated during diligence.
Commuter access reaches major Hudson Valley employers that can support tenant demand and retention over time, including technology services.
- IBM — technology & services (40.6 miles)
This 31-unit asset at 161 Market St benefits from a neighborhood with competitive occupancy and one of the highest renter-occupied housing shares in the Kingston metro, underpinning demand depth and leasing durability. According to CRE market data from WDSuite, occupancy trends are above the metro median, while elevated ownership costs locally help sustain renter reliance and support pricing power without overextending rent-to-income levels.
Built in 1976, the property is newer than much of the surrounding housing stock and may offer value-add potential through targeted renovations and system updates to enhance competitive standing. Within a 3-mile radius, projections point to household growth and a larger renter pool by 2028, which supports long-term occupancy stability and cash flow resilience.
- Competitive occupancy and high renter concentration support demand depth
- Elevated ownership costs reinforce reliance on rental housing and pricing power
- 1976 vintage offers clear value-add and modernization angles versus older local stock
- 3-mile projections indicate household growth and renter pool expansion through 2028
- Risks: school ratings trend below national midpoints and limited nearby corporate anchors; underwriting should account for capex and demand sensitivity