| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Fair |
| Demographics | 43rd | Fair |
| Amenities | 10th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2732 Roods Creek Rd, Hancock, NY, 13783, US |
| Region / Metro | Hancock |
| Year of Construction | 1988 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2732 Roods Creek Rd Hancock NY Multifamily Opportunity
Positioned in a rural pocket of Delaware County, this 1988-vintage asset can compete against older local stock while serving a modest renter base, according to WDSuite’s CRE market data.
Hancock’s setting is distinctly rural, and neighborhood amenities are limited compared with denser metros. Nationally, amenity access scores in the lower deciles, signaling that residents rely on regional retail and services rather than walkable options. For investors, that typically translates to car-dependent living and a leasing audience that prioritizes value, on-site functionality, and convenient parking over lifestyle-oriented retail.
The property is newer than the neighborhood average vintage (1966), creating a relative quality advantage versus much of the surrounding housing stock. That positioning can support leasing and retention with practical upgrades, though investors should plan for modernization of 1980s-era systems as part of long-term capital planning.
Within a 3-mile radius, demographics reflect a small population base and smaller household sizes. Renter-occupied housing is a relatively low share of total units (near the lower national percentiles), which implies a thinner multifamily tenant pool and places a premium on tenant retention and targeted marketing. Conversely, rent-to-income measures trend favorable nationally, suggesting lower affordability pressure that can support collections, albeit with measured pricing power.
Notably, pandemic-era disruption sensitivity scores are strong — the neighborhood ranks in the top quartile among 47 metro neighborhoods on COVID resilience — indicating comparatively resilient local employment mix and operating continuity during stresses, based on CRE market data from WDSuite.
Comparable neighborhood crime statistics are not available in this dataset. Investors typically contextualize safety using county or municipal reporting, property-level incident history, and insurer assessments rather than block-level claims. Reviewing multi-year trends and management records can help frame resident experience and potential operating risk.
Regional employers within feasible driving distance can help anchor demand for workforce renters; nearby telecom operations are a relevant source of steady employment noted here.
- Frontier Communications — telecommunications (44.3 miles)
This approximately 49-unit, 1988-vintage property offers a relative quality edge versus an older local housing base while serving a smaller renter pool. According to CRE market data from WDSuite, neighborhood rent-to-income metrics trend favorable nationally, supporting collections and lease retention, though pricing power should be managed carefully given limited amenity density and a low share of renter-occupied units.
The rural location and thinner renter concentration mean demand is more relationship- and value-driven. A targeted value-add plan focused on modernizing interiors, improving energy efficiency, and enhancing on-site functionality can differentiate the asset against older stock. Leasing stability will rely on tenant retention and outreach to regional commuters.
- 1988 vintage offers competitive positioning versus older neighborhood stock, with clear modernization pathways.
- Favorable rent-to-income profile supports collections and retention, with measured rent-setting.
- Rural setting suits value-focused renters; operational focus on convenience, parking, and reliability can aid lease-up.
- Risk: Low renter-occupied share and limited local amenities imply a narrower tenant base and tempered pricing power.