| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 58th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Tom Tom St, Chittenango, NY, 13037, US |
| Region / Metro | Chittenango |
| Year of Construction | 1982 |
| Units | 32 |
| Transaction Date | 2008-12-31 |
| Transaction Price | $808,978 |
| Buyer | CC LF SENIOR HOUSING LP |
| Seller | CHITTENANGO HOUSING FOR ELDERLY |
200 Tom Tom St, Chittenango Multifamily Opportunity
Positioned in a competitive inner-suburban pocket of the Syracuse metro, the asset benefits from steady neighborhood occupancy and a growing 3-mile renter pool, according to WDSuite’s CRE market data. The location supports durable leasing while leaving room for value-add execution on a 1982 vintage.
Chittenango’s neighborhood scores as competitive among Syracuse neighborhoods (21 of 247) with an A rating, signaling balanced fundamentals for workforce-oriented multifamily. Neighborhood occupancy trends sit above the metro median, supporting income stability and limiting downtime between turns.
Local amenities are service-oriented rather than destination-driven. Grocers and pharmacies index above the Syracuse median, and parks access is comparatively strong, while cafes are sparse. For investors, this mix supports daily living needs that aid retention, even if it does not command premium rents tied to nightlife or entertainment.
Schools in the area rate in the top quartile nationally (average rating near 4 of 5), a quality-of-life factor that can enhance leasing for family renters and support longer average tenures. Neighborhood demographics rank above the national median, with a workforce-skewed profile that aligns with stabilized, mid-market multifamily.
Vintage context matters: the neighborhood’s average construction year is 1963, while the subject property was built in 1982. The newer vintage relative to local stock can improve competitive positioning against older assets, though investors should still budget for systems modernization and common-area updates typical for 1980s product.
Tenure dynamics show a meaningful base of renter-occupied housing at the neighborhood level, indicating depth of demand for multifamily units rather than reliance on a thin rental niche. Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, with smaller household sizes over time—factors that typically expand the renter pool and support occupancy stability.
Home values in the area sit below many coastal markets, creating a more accessible ownership landscape. For multifamily, that can temper outsized pricing power but still supports steady leasing, particularly where rent-to-income remains favorable for residents. Investors should underwrite to durable occupancy with disciplined rent growth rather than outsized premium capture.
Standardized neighborhood crime metrics are not available in WDSuite for this location. Investors typically benchmark safety using broader Syracuse metro trends and municipal reporting, alongside on-the-ground observations and property-specific incident histories, to contextualize leasing risk and retention.
- ADP Syracuse — payroll & HR services (15.0 miles)
- WestRock — packaging & paper products (15.3 miles)
- Frontier Communications — telecommunications (32.7 miles)
The 32-unit, 1982-vintage property at 200 Tom Tom St offers exposure to a competitive inner-suburban location where neighborhood occupancy is above the metro median and the 3-mile renter base is expanding. Relative to older local stock, the vintage provides a positioning edge, while still allowing for targeted renovations to capture incremental rent without overextending capital.
Population and households within 3 miles have increased and are projected to keep rising with smaller household sizes—conditions that generally broaden the tenant base and support stable leasing. Based on CRE market data from WDSuite, local service amenities (grocery, pharmacy, parks) are solid for daily needs, schools rate well nationally, and rent-to-income levels indicate manageable affordability pressure—supportive of retention. Key underwriting considerations include measured rent growth expectations and some competition from attainable homeownership.
- Competitive Syracuse submarket with above-median neighborhood occupancy supporting income stability
- 1982 vintage offers value-add potential against older local stock while remaining operationally competitive
- Expanding 3-mile renter pool and favorable rent-to-income dynamics aid retention
- Daily-needs amenities and strong school ratings bolster livability and leasing
- Risk: accessible homeownership may limit premium rent upside; underwrite disciplined growth and ongoing CapEx for 1980s systems