| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 66th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2135 Bedell Rd, Grand Island, NY, 14072, US |
| Region / Metro | Grand Island |
| Year of Construction | 1977 |
| Units | 28 |
| Transaction Date | 2000-05-18 |
| Transaction Price | $74,000 |
| Buyer | QUINN KENNETH J |
| Seller | SHIAH MICHAEL J |
2135 Bedell Rd Grand Island Multifamily Investment
Neighborhood occupancy is competitive for the Buffalo-Cheektowaga metro, supporting income stability for a 28-unit asset, according to WDSuite s CRE market data. The submarket 7s steady renter demand and owner-leaning profile suggest durable leasing with measured rent growth expectations.
Positioned in Grand Island c this Inner Suburb setting is competitive among Buffalo-Cheektowaga neighborhoods (ranked 22 out of 301), signaling balanced fundamentals for workforce-oriented apartments. According to CRE market data from WDSuite, neighborhood occupancy sits in a competitive range (ranked 97 of 301), a constructive backdrop for maintaining leased-up operations.
Amenities index near the national median with strengths in everyday services: cafes and pharmacies trend above national midpoints, and park access is similarly solid. Average school ratings sit modestly above national midpoints, which can reinforce family-oriented renter appeal compared with older inner-core locations.
The share of renter-occupied housing units in the neighborhood is roughly one-third, indicating an owner-leaning base with a defined yet selective tenant pool. For investors, this points to steady multifamily demand without the volatility seen in heavily renter-dense urban nodes, though lease-up may depend on targeted marketing and product fit.
Within a 3-mile radius, demographics show recent population growth and an increase in households, with projections calling for further expansion and slightly smaller average household sizes. That combination generally supports a larger tenant base and occupancy stability, particularly for well-maintained, right-sized units.
Home values in the neighborhood are elevated but not extreme by national standards, and rent-to-income levels trend favorable for retention. In practice, this can sustain pricing power without creating outsized affordability pressure that would elevate turnover.
Comparable neighborhood-level crime metrics were not available in WDSuite for this location, so investors should benchmark safety using broader city and county trends and validate with insurance quotes, daylight and nighttime site visits, and discussions with local property managers. Avoid drawing block-level conclusions from isolated anecdotes; prioritize multi-year trend reviews and local comparables when underwriting.
- Thermo Fisher Scientifc d life sciences (1.2 miles)
- FedEx Trade Networks d logistics (4.8 miles)
- UnitedHealth Group d healthcare services (6.4 miles)
- M&T Bank Corp. d financial services (11.4 miles) d HQ
- McKesson d pharmaceuticals distribution (17.9 miles)
Nearby corporate employment spans life sciences, logistics, healthcare, financial services, and pharmaceuticals c supporting renter demand through commute convenience and diversified job bases.
2135 Bedell Rd is a 1977 vintage, 28-unit asset positioned in a competitive Grand Island neighborhood within the Buffalo-Cheektowaga metro. Based on CRE market data from WDSuite, neighborhood occupancy ranks competitively in the metro, and rent-to-income levels indicate manageable affordability pressure c supporting retention. An owner-leaning renter-occupied share suggests a defined tenant base that values stability and convenience.
Within a 3-mile radius, population has inched higher and households have expanded c with projections indicating continued growth and slightly smaller household sizes c which typically supports demand for well-located apartments. The 1977 vintage points to practical value-add levers c from common-area refreshes to in-unit upgrades c paired with ongoing capital planning for aging systems to maintain competitiveness against newer stock.
- Competitive neighborhood occupancy supports income durability relative to metro peers.
- 3-mile household growth and smaller household sizes point to a gradually expanding renter pool.
- Favorable rent-to-income dynamics aid retention and disciplined rent management.
- 1977 vintage allows targeted value-add while budgeting for building systems and modernization.
- Risk: owner-leaning tenure and measured rent growth may temper lease-up velocity and pricing power.