| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 49th | Good |
| Amenities | 22nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 207 Bornt Hill Rd, Endicott, NY, 13760, US |
| Region / Metro | Endicott |
| Year of Construction | 1980 |
| Units | 35 |
| Transaction Date | 2003-06-24 |
| Transaction Price | $910,000 |
| Buyer | BORNT HILL LLC |
| Seller | MARCHUSKA JUSTIN A |
207 Bornt Hill Rd Endicott Multifamily Investment
Neighborhood occupancy is competitive for the Binghamton metro and has trended stable, according to WDSuite’s CRE market data, supporting steady renter demand at this 1980-built, 35-unit asset.
Situated in a suburban pocket of Endicott within the Binghamton, NY metro, the neighborhood carries a B+ rating and ranks 31 out of 111 metro neighborhoods — above the metro median and competitive among Binghamton neighborhoods. Occupancy in the surrounding neighborhood sits in the upper tier locally (rank 26 of 111) and is in the top quartile nationally by percentile, a backdrop that supports income stability for multifamily owners.
Livability signals are mixed. Grocery and pharmacy access track competitively within the metro (both ranked inside the top third of 111), while cafe, restaurant, and park density are limited, which may temper walkability-driven appeal. Average school ratings in the area trail national norms, which could influence family-oriented leasing strategies and positioning.
From an investment standpoint, the ownership landscape and rents point to durable renter demand rather than outsized pricing power. Neighborhood home values benchmark well below national medians, and the rent-to-income ratio trends moderate, which can support retention and reduce turnover risk but may limit near-term rent-growth outperformance versus high-cost markets. Notably, this property’s 1980 vintage is newer than the neighborhood’s older average stock (mid-1960s), offering relative competitiveness while still warranting prudent capital planning for aging systems or targeted modernization.
Demographic indicators aggregated within a 3-mile radius show recent population and household growth with forecasts calling for a larger household base over the next five years. Rising household incomes and a renter-occupied share around one-third suggest a meaningful tenant pool; continued household expansion implies a larger renter base that can support occupancy stability, based on commercial real estate analysis from WDSuite.
Neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark safety by comparing neighborhood trends to Binghamton metro patterns and reviewing municipal sources for recent changes. Without comparable rank or percentile data, it is prudent to emphasize on-site security measures and standard resident screening while monitoring local trend reports over time.
The investment case centers on stable neighborhood occupancy, a moderate rent-to-income profile, and a unit-mix scale that fits workforce demand in Endicott. Built in 1980, the asset is newer than much of the surrounding housing stock, creating potential to outperform older comparables with selective upgrades and disciplined capital planning. According to CRE market data from WDSuite, neighborhood occupancy performs above the metro median, and a meaningful share of renter-occupied housing supports depth of tenant demand.
Macro and local context are constructive but measured. Lower home values relative to national benchmarks help sustain reliance on rental options, while the 3-mile radius shows population and household growth — with forecasts indicating a larger household base — which can expand the renter pool. Key watch items include limited amenity density and below-average school ratings, which place a premium on property-level features, professional management, and value-oriented positioning.
- Competitive neighborhood occupancy trends support income stability
- 1980 vintage is newer than area average, enabling targeted value-add and modernization
- Moderate rent-to-income dynamics point to retention and manageable affordability pressure
- 3-mile radius growth and rising incomes expand the tenant base over time
- Risks: limited amenity density and lower school ratings may temper family demand and walkability appeal