| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 47th | Fair |
| Amenities | 11th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 335 Bank St, Batavia, NY, 14020, US |
| Region / Metro | Batavia |
| Year of Construction | 1993 |
| Units | 24 |
| Transaction Date | 2018-09-26 |
| Transaction Price | $100,000 |
| Buyer | YASSES JACOB T |
| Seller | HAWKEN WILLIAM J |
335 Bank St Batavia 24-Unit Multifamily Opportunity
Neighborhood occupancy is in the mid-90s, pointing to steady renter demand and lease-up predictability according to WDSuite s CRE market data. Positioned in Batavia s inner-suburban fabric, the asset benefits from stable fundamentals and modest rent-to-income levels that can support retention.
Located in Batavia s Inner Suburb, the property sits in a neighborhood rated C+ among 38 metro neighborhoods. Restaurant density is competitive among Batavia neighborhoods (rank 4 of 38), while other day-to-day amenities are thinner nearby, suggesting residents typically rely on a broader trade area for groceries, childcare, and parks. For multifamily investors, this mix favors functionality over lifestyle positioning.
The average building vintage in the neighborhood trends older (1930s era), while the subject A0asset A0was built in 1993. Newer construction versus local stock can offer a relative edge on systems and curb capital planning, though selective upgrades may still be prudent to enhance competitiveness and capture value-add upside.
Unit tenure in the neighborhood reflects a moderate renter-occupied share (about one-third), which supports a stable but not overly concentrated renter base for a 24-unit asset. Neighborhood occupancy has been resilient and sits above the national median (63rd percentile), a constructive signal for maintaining collections and minimizing downtime.
Within a 3-mile radius, demographics show recent population growth alongside a larger increase in households and gradually smaller average household sizes. Forward-looking projections indicate continued population and household expansion through 2028, which points to a larger tenant base and supports occupancy stability for well-managed multifamily. Median home values in the area are lower relative to many U.S. neighborhoods, which can introduce some competition from ownership but also enables workforce-oriented positioning; rent-to-income levels remain manageable from an investor perspective, aiding lease retention.
Comparable safety metrics for this specific neighborhood are not available in the current WDSuite dataset. Investors typically benchmark local conditions against city and county trends, review recent time-series where available, and incorporate property-level measures (lighting, access control) to support resident experience and retention.
- Dish Network D satellite TV & communications (26.7 miles)
- Wesco Distribution D electrical distribution (28.6 miles)
- Constellation Brands, Inc. D beverage (30.2 miles)
- McKesson D pharmaceutical distribution (30.4 miles)
- UnitedHealth Group D healthcare services (34.8 miles)
This 24-unit property A0(1993 construction) A0offers relative age advantages in a neighborhood dominated by older stock, creating a practical platform for targeted upgrades and operational optimization. Neighborhood occupancy trends above the national median and a moderate renter concentration support demand durability and manageable turnover. Based on CRE market data from WDSuite, local restaurant access is stronger than most nearby areas, while broader amenities are reached in the wider trade area Dappropriate for workforce-oriented positioning.
Demographics within a 3-mile radius show recent population growth and a larger increase in households, with projections pointing to continued expansion and smaller household sizes by 2028. This trajectory expands the renter pool and supports leasing stability. Ownership costs are comparatively accessible for the region, which can introduce competition with single-family or entry-level ownership; disciplined pricing, unit finishes, and retention programs become the levers to preserve occupancy and NOI growth.
- 1993 vintage versus older area stock supports competitive positioning with targeted CapEx
- Neighborhood occupancy above the national median underpins cash flow stability
- 3-mile radius shows household growth and smaller household sizes, expanding the renter base
- Workforce-oriented positioning supported by manageable rent-to-income levels and steady demand
- Risk: accessible ownership options nearby may compete with rentals; focus on amenities, finishes, and retention