| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 68th | Best |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5479 Strnad Dr, Hamburg, NY, 14075, US |
| Region / Metro | Hamburg |
| Year of Construction | 1978 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5479 Strnad Dr, Hamburg NY Multifamily Opportunity
Occupancy in the surrounding neighborhood has been competitive among Buffalo-Cheektowaga submarkets and sits in the top quartile nationally, according to WDSuite’s CRE market data. For investors, that points to durable renter demand supported by steady household incomes and a balanced amenity mix.
The property sits in a Hamburg neighborhood rated B+ within the Buffalo-Cheektowaga metro, competitive among 301 metro neighborhoods (ranked 103). Local occupancy is 95.6%, placing the area in the top quartile nationally and competitive among metro peers, which supports lease stability and reduces downtime risk for multifamily assets.
Amenities are moderate for a largely rural neighborhood: parks access trends above many peer areas (nationally around the 73rd percentile), while cafes are relatively available compared with similar suburbs (nationally around the 71st percentile). Grocery and restaurants track near national midrange levels. Limited childcare and pharmacy presence suggest residents rely on nearby corridors for certain services, a consideration for tenant convenience rather than a core demand driver.
The existing housing stock skews older across the neighborhood (average vintage 1968). At 1978 construction, this asset is newer than the local average, which can reduce near-term system replacement risk while still leaving room for targeted value-add modernization to improve competitive positioning against renovated stock.
Tenure patterns indicate a measured renter base: neighborhood renter-occupied share is in the low 20s by units, while within a 3-mile radius renters account for roughly one-third of occupied units. For investors, this points to a stable but not transient renter pool—depth is adequate, and renewal strategies can emphasize retention and service quality over constant lease-up velocity.
Within a 3-mile radius, demographics show modest population growth recently and an increase in households, expanding the local renter pool and supporting occupancy. Household incomes trend above national midrange levels, and rent-to-income ratios measured locally remain favorable for sustained renewals and disciplined revenue management, based on CRE market data from WDSuite.
Ownership costs in the neighborhood are moderate for the region, and elevated relative to incomes in some nearby pockets. That dynamic tends to sustain reliance on rental options and supports leasing resilience, while also requiring attention to value positioning and resident experience to maintain pricing power.
Comparable crime benchmarks for this neighborhood were not available in the current dataset. Investors typically evaluate safety using multiple sources and trend views (metro comparisons, multi-year patterns, and proximity to activity nodes). In practice, underwriting often pairs property-level measures (lighting, access control) with broader area diligence to support resident retention and leasing stability.
Nearby corporate employers provide a diversified white-collar employment base that supports steady renter demand and commute convenience for residents, including McKesson, M&T Bank Corp., FedEx Trade Networks, UnitedHealth Group, and Thermo Fisher Scientific.
- McKesson — healthcare distribution offices (9.3 miles)
- M&T Bank Corp. — banking & corporate services (10.7 miles) — HQ
- FedEx Trade Networks — logistics & trade services (14.0 miles)
- UnitedHealth Group — healthcare services (17.9 miles)
- Thermo Fisher Scientific — life sciences & manufacturing (20.7 miles)
5479 Strnad Dr is a 1978-vintage, 43-unit asset positioned in a Buffalo-Cheektowaga neighborhood where occupancy performance is competitive locally and in the top quartile nationally. The property is newer than the area’s average vintage, creating a practical balance: potential near-term capital predictability versus clear value-add paths through selective interior and system upgrades. Within a 3-mile radius, recent population and household growth point to a gradually expanding tenant base, and local rent-to-income readings suggest manageable affordability pressure that can underpin renewals.
Neighborhood amenities are serviceable for a suburban setting, and proximity to a diversified employer base supports leasing durability across economic cycles. According to CRE market data from WDSuite, neighborhood-level occupancy and income trends align with stable operations, while moderate home values in the area continue to support renter reliance on multifamily housing without eroding the value proposition.
- Competitive neighborhood occupancy supports leasing stability and reduced downtime risk.
- 1978 construction is newer than local average, with targeted renovation and modernization upside.
- Expanding 3-mile household base and diversified nearby employers underpin demand resilience.
- Favorable rent-to-income dynamics support retention and disciplined revenue management.
- Risks: lower renter concentration in the immediate neighborhood and limited childcare/pharmacy density may moderate lease-up velocity; plan for resident convenience and targeted marketing.