| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 37th | Poor |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2100 Hylan Dr, Rochester, NY, 14623, US |
| Region / Metro | Rochester |
| Year of Construction | 1998 |
| Units | 40 |
| Transaction Date | 2007-09-26 |
| Transaction Price | $470,000 |
| Buyer | PIETROPAOLO GEORGE |
| Seller | DILIBERTI RUSSELL |
2100 Hylan Dr Rochester Multifamily Investment Opportunity
Neighborhood renter-occupied share and amenity density point to a durable tenant base, while the property’s 1998 vintage offers competitive positioning against older local stock, according to WDSuite’s CRE market data.
Located in Rochester’s inner suburb, the neighborhood carries an A- rating and ranks 55th of 359 metro neighborhoods — competitive among Rochester neighborhoods and in the top quartile nationally on several quality-of-life indicators. Dining and daily-needs access are strengths, with restaurants, cafes, groceries, and pharmacies scoring above national medians. Park access is limited, which may reduce outdoor amenity appeal, but the broader retail and services mix helps sustain day-to-day convenience for renters.
The area’s renter-occupied share is high at the neighborhood level, supporting a deeper multifamily tenant base and potential leasing stability. Neighborhood occupancy is in the low-to-mid range and has eased modestly over five years, suggesting operators should emphasize retention, renewals, and amenity differentiation. Median rent-to-income levels are moderate by national comparison, which can support pricing power while keeping an eye on affordability pressure during renewals.
Relative to the metro, the property’s 1998 construction is newer than the neighborhood’s average vintage (1980). That positioning can reduce near-term competitive pressure versus older walk-up stock, while still leaving room for targeted modernization and systems upgrades to drive rent premiums or speed turns. Neighborhood NOI per unit sits near the top of the metro (ranked 15th of 359), indicating historically strong operating potential versus local peers.
Within a 3-mile radius, demographics show a stable population over the last five years and a larger household count, pointing to smaller household sizes and a steady renter pool. Forward-looking data indicates households are expected to increase further even as population edges down, which typically supports occupancy stability and broadens the tenant base for well-managed assets.
Safety signals are mixed when viewed across metro and national frames. At the metro level, the neighborhood’s crime rank (41st among 359) indicates higher-than-average incident levels versus Rochester peers. Nationally, however, violent offense metrics sit in the top quartile, and recent violent incidents have trended down sharply year over year. Property-related offenses are closer to the national middle and saw a recent uptick, underscoring the need for common-sense security measures and active on-site management.
Investors should evaluate property-specific measures (lighting, access control, and partnerships with local patrols) to align with tenant expectations and support retention. These trends reflect neighborhood-level data; property-level experience can differ based on operations and design.
The location serves a diversified employment base that supports workforce housing demand and commute convenience for renters, including telecom, beverage, distribution, and life sciences employers.
- Dish Network — telecom operations (1.7 miles)
- Constellation Brands, Inc. — beverage corporate offices (5.8 miles)
- Wesco Distribution — distribution (7.8 miles)
- Constellation Brands — beverage corporate offices (8.8 miles) — HQ
- Thermo Fisher Scientific In Fairport Ny — life sciences offices (12.0 miles)
2100 Hylan Dr is a 40-unit, 1998-vintage multifamily asset in an inner-suburban neighborhood with solid amenity access and a high neighborhood renter concentration. The property’s newer construction relative to local averages can be leveraged with targeted renovations to enhance competitiveness versus older stock, while spacious average unit sizes (~1,200 sf) can aid retention. Neighborhood occupancy sits in a mid-range band, so execution around renewals and service quality remains important. According to CRE market data from WDSuite, the area’s operating profile and above-median amenity density support durable renter demand, with household growth nearby (3-mile radius) expanding the tenant base even as average household size declines.
Forward-looking data shows households are expected to grow and asking rents to trend higher locally, which favors assets that balance rent positioning with value-add features. Operators should monitor mixed safety signals and limited park access, but proximity to diverse employers and steady neighborhood-level NOI performance suggest a path to resilient cash flow with disciplined asset management.
- 1998 vintage offers competitive positioning versus older neighborhood stock with selective renovation upside
- High neighborhood renter-occupied share and amenity density support depth of tenant demand
- Larger average unit size (~1,200 sf) can aid retention and family appeal
- Household growth within 3 miles broadens the renter pool, supporting occupancy stability
- Risks: mixed safety trends and limited park access; active management and security can mitigate