| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Best |
| Demographics | 51st | Good |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 William St, Kirkwood, NY, 13795, US |
| Region / Metro | Kirkwood |
| Year of Construction | 1975 |
| Units | 38 |
| Transaction Date | 2007-09-25 |
| Transaction Price | $102,500 |
| Buyer | MOSKOWITZ JONATHAN |
| Seller | HAYKAL REAL ESTATE LLC |
25 William St, Kirkwood NY Multifamily Investment
Neighborhood occupancy is firm and renter affordability is favorable, according to WDSuite’s CRE market data, supporting stable leasing for a 38-unit asset in a rural submarket.
Kirkwood is a rural neighborhood within the Binghamton, NY metro, offering a quieter setting and car-oriented living. Amenity density is limited compared with national norms (few cafes, parks, and childcare nodes), but basic retail needs are present via modest grocery and restaurant coverage. School quality trends slightly above national averages, which can aid family retention and longer tenancies.
Occupancy in the neighborhood measures 94.9% (ranked 33 among 111 metro neighborhoods), placing it above the metro median and near the 70th national percentile. For investors, that suggests steady demand and lower downtime risk relative to weaker submarkets.
The share of renter-occupied housing in the neighborhood is about one-quarter (25.7%; rank 39 of 111, above the metro median). A smaller renter base can concentrate demand among workforce segments that value value-oriented, professionally managed units—supportive of consistent leasing when product is maintained to local expectations.
Within a 3-mile radius, demographics indicate recent population softness but an increase in total households, implying smaller household sizes and a gradually expanding tenant pool. Forecasts point to further household growth by 2028, which would enlarge the local renter base and support occupancy stability. Median contract rents remain comparatively modest, and a low rent-to-income ratio (top-decile nationally) reduces affordability pressure and can help retention through cycles.
Home values in the area are lower than many U.S. markets, which can introduce some competition from ownership options; however, that same dynamic supports demand for well-run rentals among households that prefer flexibility or face down payment constraints, reinforcing baseline absorption and lease renewal odds.
Comparable neighborhood crime benchmarks are not available in WDSuite for this location at this time. Investors typically supplement market diligence with local law enforcement data, municipal reports, and on-site observations to assess safety trends relative to nearby Binghamton-area neighborhoods.
Regional employment is anchored by a broader mix across the Binghamton area; within a wider commute shed, telecom operations provide additional stability to the renter base.
- Frontier Communications — telecommunications operations (44.0 miles)
Built in 1975, the property is somewhat older than the neighborhood’s average vintage, pointing to capex planning and selective renovations as potential levers for value-add. Neighborhood occupancy sits above the metro median with strong national standing, and rents are supported by favorable rent-to-income dynamics, which can underpin stable collections and renewal potential through slower macro periods.
Within a 3-mile radius, household counts are rising despite earlier population softness, suggesting a larger tenant base ahead and reinforcing demand for efficiently managed, mid-scale assets. According to CRE market data from WDSuite, the area’s modest home values and low rent burdens create room for prudent pricing while maintaining lease stability, provided amenities and finishes are aligned with local expectations.
- Above-metro occupancy and favorable rent-to-income metrics support steady leasing and retention.
- 1975 vintage offers value-add potential via system upgrades and selective interior refresh.
- Household growth within 3 miles points to a gradually expanding renter pool and demand resilience.
- Risks: rural amenity density is limited and ownership options are comparatively accessible, requiring competitive positioning and disciplined expense management.