| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 33rd | Poor |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Spring Brook Way, Hudson Falls, NY, 12839, US |
| Region / Metro | Hudson Falls |
| Year of Construction | 2002 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Spring Brook Way Hudson Falls Multifamily Investment
Neighborhood occupancy is above the metro median and renter-occupied share is high, signaling a durable tenant base for this 48-unit asset, according to WDSuite’s CRE market data.
Located in Hudson Falls within the Glens Falls, NY metro, the neighborhood carries a B+ rating and ranks 25th out of 78 metro neighborhoods, indicating it is competitive among Glens Falls neighborhoods. For investors, that positioning suggests solid fundamentals without the pricing pressure often seen in top-decile submarkets.
Amenity access skews practical: grocery and pharmacy density rank in the single digits out of 78 locally and sit above national mid-percentiles, while restaurants are also above national mid-percentiles. By contrast, cafes and childcare options are limited within the neighborhood. This mix supports day-to-day livability for residents, while leaving some experiential retail and family services to nearby areas.
For schools, the neighborhood’s average rating trends below national medians (low national percentile), which may temper appeal for some family renters. Investors should anticipate steadier interest from workforce households rather than families prioritizing top-rated districts and adjust leasing strategies accordingly.
On housing performance, neighborhood occupancy is above the metro median (ranked 26 of 78), supporting income stability versus weaker submarkets. The share of housing units that are renter-occupied is high and in the top quartile nationally (ranked 4 of 78), indicating a deep renter pool that can aid leasing velocity and retention. Local NOI per unit benchmarks near the top of the metro while tracking close to the national median, reinforcing balanced income potential without relying on outsized rent growth assumptions.
Home values in this area are lower than many U.S. neighborhoods (low national percentile and value-to-income ratio), which can create some competition from ownership options. Rent-to-income sits near national mid-percentiles, suggesting manageable affordability pressure that can support lease retention with prudent rent setting.
Demographic statistics are aggregated within a 3-mile radius and point to population growth alongside a larger household count today and into the next five years. This expansion implies a broader tenant base and supports occupancy stability for well-positioned multifamily properties.
Neighborhood-level crime metrics are not available in WDSuite for this area at this time. Investors typically benchmark property- and neighborhood-level safety by comparing local trends to county and metro references, reviewing recent incident trends, and aligning on standard measures such as exterior lighting, access control, and resident screening as part of due diligence.
Nearby employers provide a stable employment base and commute convenience for renters, led by healthcare distribution and paper manufacturing operations listed below.
- McKesson — healthcare distribution (4.3 miles)
- International Paper Company — paper manufacturing (40.7 miles)
Built in 2002, the property is materially newer than the area’s older housing stock, offering a competitive position versus mid-century assets while still allowing for targeted upgrades to drive value-add returns. Neighborhood occupancy is above the metro median and the share of renter-occupied housing is high, supporting demand depth and income durability. According to CRE market data from WDSuite, local income and amenity profiles are balanced, with practical access to grocery and pharmacy and restaurants above national mid-percentiles.
Within a 3-mile radius, population and households have grown and are projected to continue expanding over the next five years, indicating a larger renter pool that can support leasing and retention. While lower home values locally may introduce some competition from ownership and school ratings trend below national medians, these factors can be managed with positioning that emphasizes convenience, workforce accessibility, and selective renovations.
- 2002 vintage offers competitive standing versus older neighborhood stock with selective value-add potential
- Above-metro neighborhood occupancy and high renter-occupied share support income stability
- 3-mile population and household growth expand the tenant base and aid leasing
- Risks: relatively accessible ownership options and lower-rated schools may temper pricing power; focus on operations and targeted upgrades