| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 36th | Poor |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 110 Vestal Ave, Endicott, NY, 13760, US |
| Region / Metro | Endicott |
| Year of Construction | 1984 |
| Units | 26 |
| Transaction Date | 1998-07-22 |
| Transaction Price | $460,000 |
| Buyer | HAYKAL ANDRE |
| Seller | MAT PROPERTIES INC |
110 Vestal Ave Endicott Multifamily Investment Opportunity
Neighborhood renter-occupied housing is substantial and occupancy has trended steady, according to WDSuite’s CRE market data, supporting durable demand for a 26-unit asset. 1984 construction and larger average unit sizes position the property competitively versus older local stock.
Located in an Inner Suburb of the Binghamton, NY metro, the neighborhood is rated A- and ranks 29 out of 111 metro neighborhoods, indicating it is competitive among Binghamton options for renters. Restaurant, grocery, and pharmacy access is strong (each performing in the top quartile nationally), while parks, cafes, and childcare are thinner locally—an operating consideration for family-oriented leasing.
Renter-occupied housing accounts for roughly 57% of units in this neighborhood, signaling a deep tenant base and supportive conditions for multifamily demand. Neighborhood occupancy sits around the metro median with positive five-year momentum, which can aid leasing stability and limit downtime between turns.
Within a 3-mile radius, population and household counts have grown in recent years with further increases forecast, pointing to a larger tenant base over the medium term. Median contract rents remain accessible relative to incomes, keeping affordability pressure moderate and supporting retention, though it may temper near-term pricing power. Elevated homeownership accessibility in the area can create some competition with rental, but larger floor plans at this property can appeal to renters seeking space without the commitments of ownership.
Amenity mix and schools are mixed: everyday needs score well given grocery and pharmacy density, while average school ratings are lower and may influence the composition of demand. For investors conducting commercial real estate analysis, the 1984 vintage is newer than much of the surrounding housing stock (average vintage in the area skews earlier), implying fewer near-term system obsolescence issues than pre-war assets, though targeted modernization may still unlock value.
Comparable neighborhood crime metrics were not available in WDSuite’s dataset for this location at the time of publication. Investors should review local police reports and municipal sources to understand recent trends and how they compare with the broader Binghamton metro. Use property-level measures (lighting, access control, and tenant screening) to support renter confidence and retention.
Proximity to Binghamton-area employment centers supports renter demand and commute convenience; however, distance-verified nearby corporate office data was not available for inclusion in this summary.
110 Vestal Ave offers 26 units averaging roughly 1,129 square feet, aligning with renter demand for larger layouts. Built in 1984, it is newer than much of the surrounding housing stock, which can reduce immediate capital intensity versus older comparables while leaving room for targeted upgrades. According to multifamily property research from WDSuite, the neighborhood shows steady occupancy near metro norms, a substantial renter-occupied share, and a serviceable amenity base—factors that support leasing stability.
Within a 3-mile radius, recent population and household growth, with further increases forecast, point to a widening renter pool that can underpin occupancy and renewal rates. At the same time, relatively accessible home values in the area may create competition with ownership, and lower average school ratings could influence family-driven demand—risks best managed through positioning, finishes, and value-focused amenities.
- 1984 vintage newer than surrounding stock, with potential for targeted value-add to enhance rents
- Large average unit size (~1,129 sf) supports family and roommate demand segments
- Neighborhood renter concentration and occupancy near metro norms support leasing stability
- 3-mile growth in population and households expands the tenant base
- Risks: relatively accessible ownership options and lower school ratings may temper family-driven demand