Hudson Valley market
Hi all
Does anyone have experience of multifamily buy and hold in the hudson valley area. Say from Beacon/Newburgh up to Saugerties. Would welcome thoughts on capital appreciation, cashflow and prospects for growth in the area
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Have any of you looked at Albany or Troy? It's a bit further up the river, but still within 3 hours of New York City. I know a number of people who really like investing in Troy because of the low price points.
I spent a lot of time looking at Albany a number of years ago. It has a lot going for it, namely, the state capital, which is never going anywhere, as well as SUNY, which is similarly permanent. It's also a healthcare hub for the surrounding areas. I don't think that it is ever going to "pop" as some people say, but it is a good buy and hold area because of the stability of the main employers, which you will be able to predict. A well-located property should stay occupied there.