| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Best |
| Demographics | 56th | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 E Main St, Endicott, NY, 13760, US |
| Region / Metro | Endicott |
| Year of Construction | 1980 |
| Units | 54 |
| Transaction Date | 2019-12-31 |
| Transaction Price | $2,350,000 |
| Buyer | VILLAGE WEST 1 LLC |
| Seller | VILLAGE WEST |
400 E Main St Endicott Multifamily Investment
Neighborhood occupancy is 93.8%, signaling stable renter demand and comparatively steady operations for a 1980-vintage asset, according to WDSuite’s CRE market data.
Positioned in Endicott’s Inner Suburb fabric, the property benefits from a neighborhood rated A and ranked 15 out of 111 within the Binghamton metro—top quartile among metro neighborhoods. Renter-occupied housing accounts for 50.2% of units, indicating a deep tenant base that supports multifamily leasing and renewals. Neighborhood occupancy ranks 39 of 111 (competitive among Binghamton neighborhoods), aligning with the 93.8% occupancy level and suggesting relatively consistent performance through cycles.
Amenity access skews practical rather than lifestyle-heavy: restaurants and grocery options rank 18/111 and 26/111 respectively—both top quartile among metro neighborhoods—while pharmacies are particularly convenient (11/111, top quartile). Parks and cafes are sparse in this micro-area, which may modestly temper lifestyle appeal, but the essentials that underpin day-to-day living are present.
Schools in the neighborhood average 3.0 out of 5 and rank 9 of 111 (top quartile among Binghamton neighborhoods), which can support leasing for households prioritizing education access. The average household size in the neighborhood is smaller (rank 3/111, top quartile), pointing to a concentration of singles and couples that often aligns with demand for one- and two-bedroom product.
The broader 3-mile radius shows recent population and household growth, with further expansion projected through 2028, reinforcing a larger tenant base over time. Median contract rents have risen over the last five years, and the neighborhood’s rent level ranks 40 of 111 (competitive among Binghamton neighborhoods). Home values in this neighborhood sit below many metro peers (rank 81/111), creating a more accessible ownership market; for investors, that can mean steadier retention through value and service but somewhat constrained pricing power relative to high-cost metros.
Vintage context matters: while the neighborhood’s average construction year skews pre‑war (1939), this property’s 1980 vintage is newer than much of the surrounding stock. That positioning can support competitiveness versus older buildings, while investors should still plan for targeted system upgrades and modernization to capture value-add upside.
Comparable crime metrics for this specific neighborhood are not available in WDSuite at this time. Investors typically benchmark on-the-ground observations against city and county trends to calibrate risk, using indicators like occupancy stability, renter concentration, and leasing velocity as operational proxies rather than relying on block-level claims.
As with any submarket evaluation, prudent underwriting includes site visits at varied times, discussion with property management and nearby operators, and a review of publicly available police reports to complement metro-level context.
400 E Main St offers 54 units averaging roughly 827 square feet in a neighborhood that ranks in the top quartile among Binghamton’s 111 neighborhoods for overall standing. Occupancy in the neighborhood is 93.8% and ranks competitively metro-wide, supporting a case for stable operations and consistent leasing. The 1980 construction is newer than much of the surrounding pre‑war stock, positioning the asset for renovation-led differentiation while keeping an eye on aging systems that may benefit from modernization. Based on CRE market data from WDSuite, day-to-day essentials—grocery, restaurants, and pharmacies—are strong relative to the metro, while lifestyle amenities like parks and cafes are thinner in the immediate area.
Within a 3-mile radius, recent population and household growth with additional expansion projected through 2028 point to a gradually expanding renter pool, which can support occupancy stability and lease retention. At the same time, a more accessible ownership market locally may temper outsized rent growth, making asset quality, management, and targeted capital improvements key levers for performance.
- Competitive neighborhood standing with occupancy that supports stable operations
- 1980 vintage offers value‑add potential versus older local stock
- Essentials access (grocery, restaurants, pharmacies) compares favorably within the metro
- Expanding 3‑mile population and households support a larger tenant base over time
- Risks: accessible ownership alternatives and limited nearby lifestyle amenities may constrain pricing power