| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 56th | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Greenwood Ter, Mohawk, NY, 13407, US |
| Region / Metro | Mohawk |
| Year of Construction | 1996 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Greenwood Ter Mohawk NY 25-Unit Multifamily
Built in 1996, this asset is newer than much of the local housing stock and should compete well for tenants as the neighborhood s occupancy trends hover near the metro median, according to WDSuite s CRE market data.
Mohawk sits within the Utica Rome, NY metro and this neighborhood carries a B rating with a mid-pack rank of 56 out of 137 neighborhoods. Local occupancy for the neighborhood is around the metro median, suggesting stable baseline leasing conditions rather than outsized volatility. The property s 1996 vintage stands out against a neighborhood average construction year of 1910, positioning it as relatively competitive versus older alternatives while still warranting capital planning for mid-life systems and potential common-area updates.
Everyday convenience is serviceable: grocery access ranks 20 out of 137 metro neighborhoods and sits in the 73rd percentile nationally, while restaurants rank 23 of 137 (69th percentile nationally). Broader amenities, parks, and pharmacies are thinner in immediate proximity, and average school ratings trail metro leaders (rank 26 of 137), which can modestly temper premium positioning for family renters.
Tenure patterns point to a meaningful renter base nearby. Within a 3-mile radius, an estimated 39.8% of housing units are renter-occupied, indicating depth for multifamily demand and potential retention benefits when paired with a low rent-to-income backdrop. Neighborhood-level home values are comparatively modest (low national percentile), which can create some competition from ownership options; investors should calibrate pricing to emphasize convenience and quality relative to older stock to sustain absorption.
Demographics within a 3-mile radius show households roughly stable in recent years with forecasts indicating population growth and a sizable increase in households by 2028, alongside a smaller average household size. This combination typically expands the renter pool and supports occupancy stability and steady leasing velocity, based on CRE market data from WDSuite.
Neighborhood-level crime data for this location are not available in WDSuite at this time. Investors commonly benchmark safety by comparing neighborhood trends to metro and national baselines and by reviewing multi-year trajectories rather than single data points. Without current rank or percentile indicators, a prudent approach is to incorporate on-the-ground diligence and property-level security considerations into underwriting.
Regional employers contribute to commuter-driven housing demand across the Utica Rome area. Proximity to corporate offices like Frontier Communications supports a stable renter base that values predictable commutes.
- Frontier Communications telecommunications services (33.7 miles)
This 25-unit property s 1996 construction provides a relative edge versus the area s older housing stock, with scope to enhance competitiveness through targeted modernization. According to CRE market data from WDSuite, the neighborhood s occupancy sits near the metro median, and nearby renter concentrations and rent-to-income dynamics support retention and leasing stability. Lower neighborhood home values suggest some competition from ownership, but the asset s newer vintage and practical convenience to daily needs can differentiate it from older options.
Within a 3-mile radius, recent household counts have held roughly steady and are projected to rise alongside smaller household sizes by 2028, implying renter pool expansion and support for occupancy over time. Amenity access is strongest for grocery and dining relative to metro peers, while thinner parks, pharmacies, and below-average school ratings may limit top-end rent premiums. Overall, the thesis favors durable occupancy with value-add upside through selective renovations and disciplined rent management.
- 1996 vintage outperforms older neighborhood stock, with mid-life systems and common-area upgrades offering value-add potential.
- Neighborhood occupancy near metro median supports steady leasing and manageable volatility.
- 3-mile demographic outlook points to more households and a larger renter base, aiding long-term absorption.
- Stronger local access to groceries and dining versus many metro peers underpins day-to-day livability.
- Risk: comparatively low home values may constrain pricing power; underwriting should account for ownership competition and modest amenity depth.