Clarkstown is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Clarkstown are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Clarkstown are some of the lowest nationally. Clarkstown apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Clarkstown.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clarkstown are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.88% - 6.03% |
| 7 Year Fixed | 6.01% - 6.09% |
| 10 Year Fixed | 5.94% - 6.09% |
All major multifamily lender types are lending in Clarkstown.
The city of Clarkstown in Rockland County has a population of 86,488. The median rent in Rockland County for a 2 bedroom is $2,263. The median Clarkstown resident is 45 years old with a yearly income of $48,314. The average family has 3.36 members and a median household income of $121,167. Clarkstown has a 52% higher education rate. The unemployment rate in Clarkstown is 4.3%.
19.1% of Clarkstown households are renters.
40.6% median household income spent on rent.
Bedrooms |
Rockland County 1 |
New York 2 |
National 2 |
|---|---|---|---|
| Studio | $1,940 | $909 | $737 |
| 1 bedroom | $1,985 | $990 | $813 |
| 2 bedroom | $2,263 | $1,202 | $1,015 |
| 3 bedroom | $2,864 | $1,537 | $1,325 |
| 4 bedroom | $3,069 | $1,692 | $1,521 |
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