| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 61st | Good |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Village Blvd S, Baldwinsville, NY, 13027, US |
| Region / Metro | Baldwinsville |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | 1996-03-05 |
| Transaction Price | $5,200,000 |
| Buyer | HOME PROPERTIES/FAIRWAYS AT VI |
| Seller | KRUPP EQUITY LIMITED PARTNERSH |
201 Village Blvd S, Baldwinsville NY Multifamily Investment
Neighborhood occupancy trends are steady and renter demand is supported by local incomes, according to WDSuite’s CRE market data. This location offers durable cash flow potential relative to metro peers without relying on rapid rent growth.
The property sits in a suburban pocket of the Syracuse, NY metro that rates A- overall and is competitive among Syracuse neighborhoods (58 of 247). Neighborhood occupancy is above the national midpoint, supporting stability for multifamily assets, while median contract rents track around the metro range rather than the higher-cost coastal markets.
Livability factors are balanced: grocery access ranks above the metro median (46 of 247), and average school ratings are also above the metro median with a national standing around the 70th percentile. Amenity depth beyond essentials is lighter than urban cores (cafes, parks, and pharmacies are sparse nearby), which places a premium on on-site offerings and convenient drives to services.
Tenure patterns point to a meaningful renter-occupied share. At the neighborhood level, the renter concentration ranks favorably versus many metro tracts (60 of 247), indicating a defined tenant base for multifamily product. This underpins leasing velocity and renewal potential, though pricing strategy should account for a broad mix of household incomes.
Within a 3-mile radius, population has grown modestly in recent years and households have increased, with projections calling for further household gains alongside smaller average household sizes. That combination expands the renter pool over time and supports occupancy stability for well-located assets. Ownership is more accessible here than in high-cost metros, which can introduce some competition with entry-level buying, so positioning and amenities remain important to sustain retention.
Vintage context: this asset’s 1986 construction is newer than the neighborhood’s average vintage (1970s). That typically improves competitive positioning versus older stock, while still warranting planning for system upgrades and selective renovations to maintain appeal and support rent trade-outs.
Safety indicators are mixed relative to regional and national benchmarks. The neighborhood’s overall crime rank sits mid-pack in the Syracuse metro (142 of 247), national standing is below the midpoint for property incidents and closer to average for violent offenses, and estimated property offense rates have trended lower year over year, according to WDSuite’s CRE market data.
For investors, this suggests a context where proactive property management, lighting, access control, and resident engagement can help reinforce leasing and retention. Comparisons should be made to similar suburban assets across the metro rather than to urban cores with different baseline conditions.
Nearby employers provide a diversified white-collar and industrial base that supports commuter convenience and steady renter demand, including ADP and WestRock within a short drive.
- ADP Syracuse — corporate offices (6.5 miles)
- WestRock — paper & packaging operations (7.2 miles)
201 Village Blvd S offers scale at 120 units in a suburban Syracuse submarket where occupancy trends sit above the national midpoint and neighborhood NOI per unit performs in the upper tier nationally, based on CRE market data from WDSuite. The asset’s 1986 vintage is newer than much of the area’s 1970s housing stock, supporting competitive positioning versus older comparables while leaving room for targeted system updates and value-add finishes.
Demand is supported by a defined renter base at the neighborhood level and a growing 3-mile household count, with projections pointing to further renter pool expansion as household sizes trend lower. Ownership remains more accessible than in high-cost metros, which helps retention through relative affordability but can also introduce competition with entry-level buying—reinforcing the importance of amenity and operations execution.
- Neighborhood occupancy above national midpoint supports leasing stability
- Upper-tier NOI per unit for the area underscores durable cash flow potential
- 1986 vintage outcompetes older local stock; targeted upgrades can drive rents
- Household growth within 3 miles and smaller household sizes expand the renter pool
- Risks: thinner amenity depth nearby and accessible ownership options require careful positioning