| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 44th | Poor |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5 Simmons St, Saugerties, NY, 12477, US |
| Region / Metro | Saugerties |
| Year of Construction | 1975 |
| Units | 28 |
| Transaction Date | 2025-02-28 |
| Transaction Price | $4,350,000 |
| Buyer | SAUGERTIES CV VW APARTMEN |
| Seller | 5 SIMMONS ST LLC |
5 Simmons St, Saugerties NY Multifamily Investment
Neighborhood renter demand and stable occupancy support long‑term income potential, according to WDSuite’s CRE market data. The area’s high renter concentration helps underpin leasing durability for a 28‑unit asset.
Saugerties’ neighborhood ranks 6 out of 86 in the Kingston metro (A rating), placing it in the metro’s top tier for overall livability and investment fundamentals. Amenity access is a local strength: grocery, restaurant, and pharmacy density all score in high national percentiles, which supports day‑to‑day convenience and retention. This positioning is competitive among Kingston neighborhoods and favorable for multifamily operations.
Occupancy in the neighborhood is 93.6% (neighborhood metric, not the property), with an improving five‑year trend. Renter-occupied housing accounts for a sizable share of units (neighborhood metric), indicating a deep tenant base that can help stabilize absorption and renewals. Median contract rents sit near the national midpoint, while the rent‑to‑income ratio signals manageable affordability pressure, aiding lease stability and pricing discipline.
Within a 3‑mile radius, recent data shows households increased even as average household size edged lower, and forecasts call for meaningful population growth and a larger household base over the next five years. This points to a broader renter pool and supports sustained occupancy for well‑managed assets. Home values are elevated for the area and value‑to‑income ratios are high, which typically sustains reliance on rental housing and can support retention. These dynamics align with investor expectations surfaced through commercial real estate analysis from WDSuite.
The property’s 1975 vintage is newer than much of the surrounding housing stock, which skews early‑century. That relative positioning can be competitive versus older comparables; however, investors should plan for ongoing system updates and modernization to maintain standing against renovated peers.
Comparable neighborhood safety metrics were not published for this location in the current WDSuite release. Without ranked or percentile crime indicators against the 86 Kingston‑metro neighborhoods or national peers, investors should underwrite prudently by referencing municipal reports and trend snapshots for the broader area and time‑of‑day patterns. Use consistent screening and on‑site practices to manage risk until more granular comparisons are available.
Regional employers provide diversified jobs within commuting range, supporting renter demand and renewal stability for workforce‑oriented units. Notable among them:
- IBM — technology & corporate offices (41.5 miles)
5 Simmons St offers scale at 28 units in a neighborhood that scores near the top of the Kingston metro for overall fundamentals. The area exhibits solid day‑to‑day livability, high renter concentration, and a neighborhood occupancy profile that has improved over the past five years, all supportive of income stability. Elevated ownership costs in the area further reinforce multifamily demand and can aid retention.
The 1975 construction is relatively newer than much of the surrounding housing stock, positioning the asset competitively versus older comparables, while still warranting capital planning for building systems and contemporary finishes. Forward‑looking demographics within a 3‑mile radius point to population growth and a larger household base, supporting renter pool expansion and sustained leasing; according to CRE market data from WDSuite, these dynamics compare favorably with many small‑metro submarkets.
- High renter concentration and neighborhood occupancy trends support income stability
- Amenity‑rich location (grocery, dining, pharmacy) enhances retention and leasing
- 1975 vintage offers competitive positioning vs. older stock with value‑add potential
- 3‑mile demographic outlook indicates renter pool expansion and demand durability
- Risks: school ratings below national averages and capex needs for system updates