| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 73rd | Best |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 W Hinds Ave, Sherrill, NY, 13461, US |
| Region / Metro | Sherrill |
| Year of Construction | 1979 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
600 W Hinds Ave Sherrill NY Multifamily Investment
Neighborhood-level occupancy is strong and comparatively stable, supporting consistent renter demand in this suburban pocket of the Utica–Rome metro, according to WDSuite’s commercial real estate analysis. The area’s ownership tilt may moderate extreme rent growth but can also underpin retention and lease stability.
The property sits in a suburban neighborhood rated A+ with a neighborhood rank of 5 among 137 in the Utica–Rome, NY metro, indicating competitive positioning within the region. Neighborhood occupancy is 96.5% and ranks 24 of 137 (top quintile nationally by percentile), a constructive backdrop for maintaining leasing velocity and minimizing downtime.
Livability is supported by everyday conveniences: grocery and park access both rank 12 of 137 metro neighborhoods, while restaurants rank 21 of 137—favorable for day-to-day needs. Café and pharmacy density is thinner, which is typical for lower-intensity suburban areas and suggests residents rely on nearby town centers for some services. Schools score well for the metro (rank 4 of 137) and are in the top quartile nationally by percentile, a factor that can support longer tenures for family households.
Within a 3-mile radius, demographic statistics from WDSuite indicate steady fundamentals with projections calling for population growth and a notable increase in households over the next five years, alongside smaller average household sizes. For investors, that combination points to a larger tenant base and sustained demand for professionally managed apartments, supporting occupancy stability and leasing resilience.
On pricing dynamics, neighborhood home values sit below national medians by percentile, and the value-to-income ratio is also lower than many U.S. neighborhoods. This more accessible ownership market can introduce some competition for renters, yet the neighborhood’s rent-to-income ratio of roughly 14% suggests manageable affordability pressure for tenants—an environment that can support retention even if it tempers outsized rent push assumptions.
Vintage and positioning: Built in 1979, the asset is newer than much of the local housing stock (average neighborhood construction year 1920). That relative youth can enhance competitive positioning versus older properties, though investors should budget for ongoing system upgrades and selective modernization to sustain rentability.
Comparable crime estimates are not available in WDSuite’s current dataset for this neighborhood. Without consistent metro-ranking data, it’s prudent to evaluate safety through multiple sources and trend views at the neighborhood level rather than relying on block-by-block anecdotes.
For underwriting, investors often pair third‑party crime trend indices with property‑level operational metrics such as lease renewals and off‑hour incident logs to gauge on-the-ground conditions and potential impacts on leasing and retention.
Regional employment is diversified across telecommunications, payroll services, and packaging, which supports renter demand through commute-accessible jobs within the broader Syracuse–Utica corridor. Key employers include Frontier Communications, ADP Syracuse, and WestRock.
- Frontier Communications — telecommunications (27.6 miles)
- ADP Syracuse — payroll services (29.5 miles)
- WestRock — packaging & paper products (30.3 miles)
This 81‑unit, 1979 vintage multifamily asset benefits from a neighborhood backdrop characterized by high occupancy (top-quintile nationally by percentile) and strong metro-relative rankings, indicating a supportive base for lease-up and renewals. Relative to older local stock, 1970s construction can offer competitive positioning, though investors should plan for targeted modernization to sustain performance over the hold.
Demographic statistics within a 3‑mile radius point to population growth and a sizable increase in households over the next five years, which implies a larger tenant base even as household sizes trend smaller. According to CRE market data from WDSuite, the area’s ownership tilt and lower value-to-income profile can introduce competition from entry-level ownership, but rents appear manageable relative to incomes—supporting occupancy stability and measured rent growth assumptions.
- High neighborhood occupancy with strong metro ranking supports leasing stability
- 1979 vintage is competitive versus older stock; plan selective upgrades for durability
- 3‑mile projections indicate population and household growth, expanding the renter pool
- Balanced outlook: accessible ownership options may temper rent push but aid tenant retention
- Risk check: limited café/pharmacy density and lack of consistent crime data warrant local diligence