| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 72nd | Best |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7287 Boston State Rd, Hamburg, NY, 14075, US |
| Region / Metro | Hamburg |
| Year of Construction | 1992 |
| Units | 56 |
| Transaction Date | 1999-04-20 |
| Transaction Price | $146,425 |
| Buyer | MCCROSKEY JAMES V |
| Seller | BECK JOSEPH A |
7287 Boston State Rd Hamburg NY Multifamily Investment
Stabilized neighborhood fundamentals and a renter base supported by nearby employers point to steady leasing, according to WDSuite’s CRE market data. Neighborhood metrics such as occupancy and rents reflect local conditions, not this specific property.
The property sits in a Rural neighborhood of the Buffalo-Cheektowaga metro ranked 100 of 301, which is competitive among Buffalo-Cheektowaga neighborhoods. Neighborhood occupancy is 95.4% and has improved over the past five years, a backdrop that typically supports rent collections and renewal potential for well-managed assets.
At the metro level, this area trends toward mid-range amenities: groceries and pharmacies are present but not dense, while restaurants and cafes are relatively limited by national standards. For investors, this suggests a quiet, residential setting with convenience-focused retail rather than destination retail; property operations may benefit from emphasizing on-site services and parking.
Rents in the neighborhood benchmark above many peer areas in the metro and sit around the upper-middle range nationally, while the rent-to-income ratio (0.11) indicates relatively low affordability pressure on tenants. That often translates to better lease retention and measured pricing power versus higher-burden submarkets.
Tenure patterns indicate a modest renter concentration (about one-fifth of housing units are renter-occupied in neighborhood data). For multifamily owners, that implies a focused but stable tenant pool rather than transient, high-churn dynamics. Within a 3-mile radius, WDSuite demographics show households have inched up while average household size has declined, pointing to more, smaller households entering the rental pool—a factor that can support occupancy stability even if population trends have been mixed.
The asset’s 1992 vintage is newer than the neighborhood’s older housing stock (average construction year 1953). Newer construction can be competitively positioned against nearby legacy properties; investors should still plan for targeted modernization and system upgrades typical of early-1990s assets to enhance durability and leasing appeal.
Neighborhood-level crime metrics are not available in WDSuite for this area, so investors often benchmark safety using broader regional trends, local law enforcement reporting, and property-level measures. As with any asset, underwriting should consider lighting, access control, and management practices alongside comparable submarkets in the Buffalo-Cheektowaga region.
Nearby corporate offices—including McKesson, M&T Bank Corp., FedEx Trade Networks, UnitedHealth Group, and Thermo Fisher Scientifc—anchor a diverse employment base that supports renter demand and commute convenience.
- McKesson — healthcare distribution offices (11.5 miles)
- M&T Bank Corp. — financial services (15.0 miles) — HQ
- FedEx Trade Networks — logistics & trade services (18.4 miles)
- UnitedHealth Group — healthcare services (22.0 miles)
- Thermo Fisher Scientifc — life sciences (25.3 miles)
7287 Boston State Rd offers investors a 56-unit, 1992-vintage asset positioned against older local stock, with neighborhood occupancy at 95.4% and improving over five years. Based on commercial real estate analysis from WDSuite, the area’s rent-to-income profile suggests manageable tenant affordability pressure, supporting retention and steady operations relative to higher-burden submarkets.
Within a 3-mile radius, households have edged higher while average household size declined—an indicator of more, smaller households that can reinforce the renter pool. Projections in WDSuite point to additional growth in households and incomes through the forecast period, which can underpin demand, while the property’s newer construction should remain competitive with targeted modernization to capture value-add upside.
- Neighborhood occupancy of 95.4% supports stability and collections
- 1992 vintage competes well versus older area stock; plan selective updates for durability
- Rent-to-income profile indicates lower affordability pressure, aiding renewal potential
- 3-mile household gains and forecasts suggest a larger tenant base over time
- Risk: limited amenity density and a smaller renter concentration may cap rapid lease-up