| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Fair |
| Demographics | 64th | Best |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6619 N Lake Rd, Bergen, NY, 14416, US |
| Region / Metro | Bergen |
| Year of Construction | 1992 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6619 N Lake Rd Bergen NY Multifamily Investment
Stabilized renter demand in a rural Batavia-area neighborhood supports steady operations, according to WDSuite’s CRE market data. With a 24-unit footprint, the asset’s scale fits the local tenant base while offering operational efficiencies for a small-market strategy.
The property sits in a Rural neighborhood of the Batavia, NY metro that is competitive among Batavia neighborhoods (ranked 11 out of 38) and tracks above the national median on occupancy. Local amenities skew limited—grocery and pharmacy options are sparse—but parks and cafes are present at modest levels, signaling basic livability with a quieter profile than urban cores.
Neighborhood occupancy is high relative to national norms, which supports income stability for multifamily, while the renter-occupied share is lower than many metros. For investors, that mix typically points to a dependable but thinner renter pool and the need for targeted leasing to maintain absorption and retention.
Within a 3-mile radius, recent population has contracted, and forecasts point to a slight further dip alongside smaller household sizes. At the same time, household counts are projected to increase, indicating more, smaller households entering the market—an important signal for multifamily demand and lease-up velocity. Median household incomes are solid for the area, and a low rent-to-income burden suggests room for disciplined rent management without overextending residents.
The average neighborhood building vintage skews older, while this asset was built in 1992, giving it a relative competitive edge versus pre-war stock. That positioning can reduce immediate capital intensity compared with much older inventory, though targeted system updates or light renovations may still be prudent. These dynamics, combined with measured commercial real estate analysis from WDSuite, frame a pragmatic path for steady operations in a low-density setting.
Comparable safety benchmarks for this neighborhood are limited in the current dataset. Investors should contextualize on-the-ground conditions with broader county and regional trends and align underwriting with property-level controls (access, lighting, and management oversight) rather than relying on block-level assumptions.
- Dish Network — telecommunications (14.7 miles)
- Wesco Distribution — electrical distribution (15.3 miles)
- Constellation Brands, Inc. — beverage alcohol corporate offices (17.1 miles)
- Constellation Brands — beverage alcohol corporate offices (24.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (27.8 miles)
Built in 1992 with 24 units, the property offers a relatively newer option versus the area’s predominantly older stock, which can translate to lower immediate capex and selective value-add potential. Neighborhood occupancy trends are above the national median and, based on CRE market data from WDSuite, align with steady renter demand despite a smaller renter-occupied share. The 3-mile view shows a shift toward smaller households and rising household counts, which can expand the tenant base even as population growth softens.
Affordability appears supportive for lease retention, and limited nearby supply pressures in this rural context can help sustain pricing discipline. Key risks include a thinner renter pool, modest amenity depth, and small-market volatility, which place a premium on active management, unit-level upgrades, and focused leasing.
- 1992 vintage offers relative competitive positioning versus much older neighborhood stock, with targeted renovation upside.
- Occupancy trends above the national median support income stability and leasing consistency.
- 3-mile data indicates more, smaller households ahead—supportive of multifamily demand and retention.
- Affordability tailwinds suggest room for disciplined rent management without stressing residents.
- Risks: smaller renter pool, limited neighborhood amenities, and rural market cyclicality require hands-on management.