| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Best |
| Demographics | 37th | Poor |
| Amenities | 15th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6926 George St, Croghan, NY, 13327, US |
| Region / Metro | Croghan |
| Year of Construction | 1995 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6926 George St, Croghan NY Multifamily Investment
Built in 1995, this 21-unit asset stands newer than much of the local stock, supporting competitive positioning and potentially lower near-term capex, according to WDSuite’s CRE market data. Neighborhood renter demand is modest in this ownership-heavy area, so performance hinges on careful leasing strategy and pricing discipline.
Croghan is a rural neighborhood within Lewis County, NY, rated B+ and competitive among 21 county neighborhoods. The area’s amenity density is limited (few cafes, restaurants, and pharmacies), while basic needs like grocery access are present but sparse by national standards. For investors, this typically translates to a value-oriented renter profile and car-dependent living patterns rather than lifestyle-driven demand.
The property’s 1995 construction is newer than the neighborhood’s older housing stock (average vintage skewing mid-20th century). This positioning can reduce immediate capital planning relative to older comparables while still allowing targeted value-add — think systems modernization and interior updates — to sharpen competitiveness against legacy inventory.
Neighborhood occupancy trends sit below national norms (lower national percentile), though the area ranks competitively within the county. A relatively low share of renter-occupied housing units indicates a smaller renter base, which can temper absorption but also reduces direct competition among multifamily options. In practice, investors should underwrite steady, needs-based demand rather than rapid lease-up assumptions.
Within a 3-mile radius, demographics reflect a smaller market scale typical of rural Upstate New York. Median home values are lower than national norms, which can create some competition from ownership; however, rents sit near the middle of national distributions and rent-to-income ratios indicate manageable affordability pressure, supporting retention and occupancy stability when management focuses on resident experience.
Neighborhood-level safety metrics are not available in the provided dataset. Without verified crime ranks or national percentiles, investors should compare recent municipal and county reports and consult property-level history to contextualize risk. A balanced approach is to underwrite to local comps and confirm trends with third-party sources before finalizing assumptions.
This 21-unit, 1995-vintage property offers a relatively modern alternative to an older local housing base, which can support durable occupancy with targeted upgrades. Based on CRE market data from WDSuite, the neighborhood sits competitively within Lewis County but below national norms for occupancy and amenities — a profile consistent with workforce-oriented, rural renter demand. Lower home values in the area may present some competition from ownership, but moderate rent levels and manageable rent-to-income dynamics can support retention when leasing strategy and service quality are prioritized.
The investment case centers on stable, needs-driven tenancy rather than rapid growth: newer-than-average vintage reduces immediate capex pressure, while value-add execution can refine positioning against aging comparables. Underwrite conservative absorption and sustained resident retention, with an eye on long-term operations and disciplined expense management.
- 1995 construction relative to older local stock reduces near-term systems risk and supports targeted value-add.
- Competitive standing within Lewis County positions the asset for steady, needs-based renter demand.
- Moderate rents and manageable rent-to-income dynamics support resident retention and lease stability.
- Risk: smaller renter-occupied share and below-national occupancy warrant conservative absorption and marketing focus.
- Risk: limited amenity density requires emphasizing value, maintenance quality, and property management to sustain demand.