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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

61 Hudson Ave Green Island, NY 12183

7 Beds 3 Baths 2,672 sqft Built 1890
Last updated:  Nov 28, 2019

INVESTimate

$229,382

$206K - $253K

Price Est.

$2,235

$2.0K - $2.5K

Rent Est.

$241,769  ( +5.4%)   1 YR EST. FORECAST
  
  
  

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61 Hudson Ave PROPERTY INFO

FACTS
  • Built In 1890
  • Price/Sqft : $85.85
CONSTRUCTION
  • Beds : 7
  • Floor Size : 2,672 sqft
  • Baths : 3 Full

61 Hudson Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HEATLY SCHOOL Primary Regular 337 30 3
HEATLY SCHOOL Middle Regular 337 30 3
HEATLY SCHOOL High Regular 337 30 3

HEATLY SCHOOL

  • Education Level: Primary
  • # of students: 337
  • # of teachers: 30
3
GreatSchools Rating

HEATLY SCHOOL

  • Education Level: Middle
  • # of students: 337
  • # of teachers: 30
3
GreatSchools Rating

HEATLY SCHOOL

  • Education Level: High
  • # of students: 337
  • # of teachers: 30
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Green Island

  • 2,629

    POPULATION
  • 1,078

    HOUSEHOLDS
  • 60.6%

    WHITE COLLAR

Neighborhood : Green Island

HOUSEHOLDS
1,078
POPULATION

2,629

66.7%Renters
33.3%Home Owners
LABOR FORCE

 

60.6%White Collar
39.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,235 per month.

MY RENT : $2,235 MEDIAN RENT : $1,696

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 28.8%
>=$1,500 71.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,235 would therefore be considered affordable for annual household incomes greater than $89,400 (12 months x 3.333 x $2,235).

Rent % Affordability
Above $500 87.7%
Above $700 80.1%
Above $1,100 58.7%
Above $1,500 42.4%
Above $1,900 27.9%
HOUSEHOLD INCOME RANGE

Approximately 179 of households in this neighborhood have a total annual income of $89,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,235 per month.

MINIMUM INCOME RANGE : $89,400

Income % Distribution
<$20K 12.3%
$20K-$35K 20.3%
$35K-$60K 25.0%
$60K-$100K 28.8%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.5%
5-9 mins 16.5%
10-14 mins 19.5%
15-19 mins 28.4%
20-29 mins 22.6%
30-44 mins 9.4%
45-59 mins 0.0%
>60 mins 1.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,235 per month.

MY RENT : $2,235 MEDIAN RENT : $1,696

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 28.8%
>=$1,500 71.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,235 would therefore be considered affordable for annual household incomes greater than $89,400 (12 months x 3.333 x $2,235).

Rent % Affordability
Above $500 87.7%
Above $700 80.1%
Above $1,100 58.7%
Above $1,500 42.4%
Above $1,900 27.9%
HOUSEHOLD INCOME RANGE

Approximately 179 of households in this neighborhood have a total annual income of $89,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,235 per month.

MINIMUM INCOME RANGE : $89,400

Income % Distribution
<$20K 12.3%
$20K-$35K 20.3%
$35K-$60K 25.0%
$60K-$100K 28.8%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.5%
5-9 mins 16.5%
10-14 mins 19.5%
15-19 mins 28.4%
20-29 mins 22.6%
30-44 mins 9.4%
45-59 mins 0.0%
>60 mins 1.2%

Green Island Demographics

INDUSTRY

Industry % Distribution
Educational Services 10.5%
Financial Industries 8.4%
Health Care & Social Assistance 13.5%
Manufacturing 7.6%
Public Administration 12.6%
Retail & Wholesale Trader 15.4%
Other 32.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 19.9%
15-19 2.7%
20-24 11.6%
25-44 30.5%
45-65 21.8%
66+ 13.5%
OCCUPATION

Occupation % Distribution
Healthcare 8.0%
Management, Business, & Financial 14.3%
Natural Resources Maintenance 9.6%
Production & Transportation 7.7%
Protect 7.6%
Sales & Office 27.1%
Other 25.5%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.8%
High School 36.5%
Masters Degree 3.2%
Some College 24.0%
Some High School 6.8%
Other 13.7%

61 Hudson Ave Comps

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61 Hudson Ave, Green Island, NY 12183 is a single family home of 2,672 sqft. HomeUnion INVESTimateĀ® for 61 Hudson Ave includes a Price Estimate of $229,382 and a Rent Estimate of $2,235. This single family home has 7 bedrooms,3 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 11.69% and Total Return of 30.09%. The estimated 1 year forecast in home value for 61 Hudson Ave is 5.4%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ALBANY County , or the 12183 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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