| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 48th | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3 Boulevard St, Hudson Falls, NY, 12839, US |
| Region / Metro | Hudson Falls |
| Year of Construction | 2011 |
| Units | 58 |
| Transaction Date | 2011-04-29 |
| Transaction Price | $400,000 |
| Buyer | FEEDERBROOK LLC |
| Seller | DKC HOLDING INC |
3 Boulevard St Hudson Falls Multifamily Investment Opportunity
2011 construction positions this asset competitively versus older neighborhood stock, supporting leasing durability in a suburban setting, according to WDSuite’s CRE market data.
Hudson Falls’ immediate neighborhood skews suburban with modest amenity density, but grocery access is a relative strength: the area ranks competitive among 78 Glens Falls neighborhoods for grocery stores per square mile, placing in the top quartile nationally. Cafes, parks, and pharmacies are sparse within the neighborhood, so residents may rely on nearby town centers for discretionary services.
School quality trends below the metro median (average rating near the lower half of the distribution), which can influence family renter appeal and should be considered in underwriting. Neighborhood occupancy trends are competitive among Glens Falls neighborhoods yet sit below national averages, suggesting stable but not tight conditions that reward active lease management.
Vintage is a differentiator: the neighborhood’s average construction year is older, while this property’s 2011 build offers a relative edge in systems and finishes versus legacy stock. For investors, that typically reduces near-term capital planning needs, while still allowing selective value-add through modernization as the asset approaches mid-life.
Demographic statistics aggregated within a 3-mile radius indicate population growth and a pronounced increase in households over the last five years, expanding the prospective tenant base. The 3-mile area shows a meaningful renter-occupied share, supporting multifamily demand depth, even as the immediate neighborhood’s renter concentration is lower. Median contract rents in the 3-mile radius remain accessible relative to incomes, which can aid retention, though the metro’s more accessible home values may create some competition with ownership options and moderate pricing power.
Comparable neighborhood crime data are not available in this dataset. Investors should contextualize safety using broader Glens Falls regional trends, property-level history, and standard risk mitigants such as lighting, access control, and resident screening, rather than drawing block-level conclusions.
The employment base near Hudson Falls blends healthcare distribution and manufacturing, supporting workforce housing demand and commute convenience for renters. Notable nearby employers include McKesson and International Paper Company.
- McKesson — healthcare distribution (4.7 miles)
- International Paper Company — paper and packaging manufacturing (41.0 miles)
Built in 2011 with 58 units and sizeable floorplans, the property is materially newer than the surrounding neighborhood’s largely pre-war stock, supporting competitive positioning and potentially lower near-term capex. Neighborhood conditions point to moderate occupancy and a renter base sustained by grocery access and suburban living, while 3-mile demographic data show population growth and a sharp increase in households that can broaden the tenant pool and support occupancy stability.
Home values in the metro are comparatively accessible, which may temper rent growth outperformance, but rent-to-income levels and median contract rents in the 3-mile area remain manageable for many renters, aiding retention. According to CRE market data from WDSuite, these fundamentals align with steady, management-driven performance rather than dependence on outsized market appreciation.
- 2011 vintage offers competitive positioning versus older neighborhood stock and can reduce near-term capital needs.
- 3-mile radius shows population and household growth, expanding the tenant base and supporting leasing.
- Accessible rent levels relative to incomes support retention and steady occupancy.
- Proximity to regional employers underpins workforce housing demand and commute convenience.
- Risks: limited neighborhood amenities, below-average school ratings, and an ownership market that may compete with rentals could moderate pricing power.