| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Best |
| Demographics | 51st | Good |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 27 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 |
27 William St Kirkwood NY Multifamily Investment
Neighborhood occupancy of 94.9% with a modest five-year uptick points to stable renter demand, according to WDSuite’s CRE market data. Positioned in a rural pocket of the Binghamton metro, the asset’s fundamentals align with steady, needs-based housing.
Kirkwood’s neighborhood profile is competitive among Binghamton, NY neighborhoods (ranked 42 out of 111), with occupancy above the national median and a renter-occupied share that is moderate for the metro. According to WDSuite’s commercial real estate analysis, the surrounding area leans owner-heavy, which can support stable tenancy while requiring disciplined leasing strategy to maintain absorption.
Local livability is functional but limited in retail and leisure density. Amenity access is above the metro median (rank 48 of 111) yet sits in lower national percentiles, and café, park, and pharmacy counts are sparse—conditions typical of rural locations where residents rely on nearby towns for services. Average school ratings trend slightly above the national median (3.0 out of 5; 61st percentile), which can aid family retention for workforce-oriented properties.
Home values are relatively accessible in context, and the neighborhood’s rent-to-income ratio sits in the high national percentiles for affordability (94th percentile), reinforcing retention and collections while limiting outsized near-term pricing power. The area’s average construction year (1963) indicates an older housing stock, giving a 1975-vintage property a relative competitiveness edge versus legacy assets, though age-related systems may still warrant targeted modernization.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, population declined while household counts increased, signaling smaller household sizes and a stable to slightly expanding tenant base for multifamily. Forward-looking projections point to population and household growth through 2028, which would expand the renter pool and support occupancy stability if realized.
Comparable safety metrics for this neighborhood are not available in WDSuite’s dataset. Investors commonly benchmark against broader metro and county trends and focus on property-level practices (lighting, access control, and tenant screening) to support resident comfort and leasing performance.
The employment base is dispersed across the broader region, supporting workforce housing with commute access via regional corridors. Nearby representation includes telecommunications.
- Frontier Communications — telecommunications (44.0 miles)
27 William St comprises 38 units in a rural Kirkwood location where neighborhood occupancy is strong and trending up. Based on CRE market data from WDSuite, the area’s owner-leaning tenure and high national affordability percentile for rents support retention and steady collections, while limiting aggressive rent push expectations. The 1975 vintage is newer than the neighborhood’s average housing stock, suggesting relative competitiveness versus older assets, with selective modernization likely to enhance positioning.
Within a 3-mile radius, recent household growth alongside smaller household sizes supports a broader tenant base even as prior population trends were mixed. Forecasts indicate additional gains in population and households by 2028, which, if realized, should deepen demand and help sustain occupancy. Amenity density is modest, so marketing should emphasize value, schools near the national median, and access to regional employment nodes.
- Occupancy above national median with five-year improvement supports income stability
- Owner-leaning neighborhood and high rent affordability percentile bolster retention
- 1975 vintage newer than area average offers competitive positioning with value-add upside
- 3-mile household growth and projected population gains expand the renter pool
- Risk: modest amenity density and rural setting may temper rent growth and leasing velocity