| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Good |
| Demographics | 50th | Best |
| Amenities | 9th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25 Birdsall St, Greene, NY, 13778, US |
| Region / Metro | Greene |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
25 Birdsall St, Greene NY — 32-Unit Multifamily
Rural Chenango County location with a smaller renter base and accessible rents points to steady, needs-driven tenancy; according to WDSuite’s CRE market data, neighborhood fundamentals have held relatively stable even as occupancy has softened.
Greene is a rural neighborhood context within Chenango County, offering basic daily conveniences and commuter access to regional employment. Grocery access stands out as comparatively stronger locally (competitive among 44 county neighborhoods), while cafes, restaurants, parks, and pharmacies are sparse — typical of low-density markets. This mix supports day-to-day livability while limiting lifestyle amenity draw, which investors should account for in leasing strategy and renewal positioning.
The area’s housing stock skews older on average, and this 1987 asset is newer than much of the surrounding inventory. That relative vintage can aid competitiveness versus legacy stock, though systems are approaching age where targeted modernization and common-area upgrades may support rent resilience and reduce near-term CapEx surprises.
Neighborhood renter concentration is low, with a modest share of renter-occupied units, indicating a smaller tenant pool but potentially stable workforce-oriented demand. Neighborhood occupancy is above the county median among 44 neighborhoods but has eased over the last five years, suggesting prudent underwriting on lease-up timing and renewal capture.
Demographic indicators aggregated within a 3-mile radius show modest population growth and slightly smaller household sizes over the period, pointing to a steady, needs-based renter pool. Median contract rents have trended upward from a low base, and rent-to-income levels signal relatively manageable affordability pressures — a dynamic that can support retention, pricing discipline, and reduced turnover risk. At the same time, a more accessible homeownership market locally can introduce competition with ownership options, underscoring the importance of value-forward unit finishes and operational execution.
Neighborhood-level crime data is not available in WDSuite for this area, so investors should benchmark safety using broader county trends and on-the-ground diligence. A comparative, regional review (rather than block-level assumptions) is recommended to contextualize risk and align property operations with resident expectations.
The employment base is dispersed across the region, with residents commuting to larger centers. Nearby corporate offices help support renter demand through commuting access, including:
- Frontier Communications — telecommunications (27.8 miles)
This 32-unit, 1987-vintage asset offers an efficiency-forward unit mix (average ~600 sf) aligned with workforce renters seeking functional layouts in a rural setting. Relative to the area’s older housing stock, the property’s vintage can provide a competitive edge, with targeted modernization supporting rent durability. Neighborhood renter concentration is modest and occupancy is above the county median, while five-year softening suggests underwriting for conservative lease-up and renewal capture. Based on CRE market data from WDSuite, rents remain accessible relative to incomes, which can aid retention and stabilize cash flow even as ownership alternatives remain comparatively attainable.
Operationally, success hinges on emphasizing durable value — consistent unit quality, reliable maintenance, and right-sized amenities — to compete with homeownership and limited multifamily supply. Demographic trends within a 3-mile radius indicate a steady tenant base and smaller household sizes, supporting ongoing demand for compact units and reinforcing the case for disciplined expense control and selective value-add.
- 1987 construction is newer than surrounding stock, supporting competitive positioning with selective upgrades.
- Accessible rents relative to incomes support retention and pricing discipline, per WDSuite data.
- Compact average unit size (~600 sf) aligns with needs-based, workforce renters in a rural market.
- Neighborhood occupancy above county median indicates a stable baseline for leasing, with prudent assumptions on future pace.
- Risk: smaller renter pool and more accessible ownership options require strong operations and value-forward positioning.