| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Best |
| Demographics | 64th | Good |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9468 Chalkstone Crse, Brewerton, NY, 13029, US |
| Region / Metro | Brewerton |
| Year of Construction | 1982 |
| Units | 46 |
| Transaction Date | 2010-08-18 |
| Transaction Price | $1,794,969 |
| Buyer | BAYSHORE HOUSING DEVELOPM UND CORP AS NOMINEE |
| Seller | BAYSHORE NORTH APARTMENTS PARTNERSHIP |
9468 Chalkstone Crse, Brewerton NY — 46-Unit Multifamily Investment
Stable renter demand and accessible pricing in a rural Syracuse submarket support durable income, according to WDSuite’s commercial real estate analysis. The property’s scale positions it to capture steady occupancy with prudent operations and selective upgrades.
Brewerton sits within the Syracuse, NY metro and is rated A at the neighborhood level, ranking 35 out of 247 metro neighborhoods. That places it competitive among Syracuse neighborhoods for overall livability. Schools are a relative strength: the average school rating ranks 7 of 247 locally and is in the top quartile nationally, a factor that can aid resident retention for family-oriented product, based on CRE market data from WDSuite.
For renters, the area presents an affordability profile that supports lease stability. Neighborhood rents benchmark below many U.S. locations (national rent percentile in the lower quartile), and rent-to-income sits in a very favorable national position. This combination typically reduces affordability pressure and can translate into steadier collections and lower turnover risk.
Tenure patterns indicate a meaningful renter-occupied share (about 30% of housing units), ranking 63 out of 247 — competitive among Syracuse neighborhoods. That depth of renter base, together with an occupancy rate that tracks near the metro median, points to resilient baseline demand for workforce-oriented units.
Local amenity density is modest for cafes and childcare, consistent with the area’s rural profile, though pharmacies and parks score above the national median. For investors, this implies marketing toward residents prioritizing schools, space, and commute access over nightlife. The property’s 1982 vintage is newer than the neighborhood’s average construction year (1971), suggesting relative competitiveness versus older stock while still warranting targeted system updates or common-area refreshes where needed.
Demographic indicators aggregated within a 3-mile radius show recent population and household growth with a larger share of higher-earning households projected over the next five years. This points to a gradually expanding renter pool and supports occupancy stability even as household sizes edge lower, which can sustain demand for well-managed, mid-size apartments.
Safety outcomes in the neighborhood sit around the metro median (ranked near the midpoint among 247 Syracuse neighborhoods) and below the national median overall. Notably, WDSuite’s data show property offenses trending down year over year, an encouraging directional signal, while violent offense measures remain moderate. Investors should underwrite with standard precautions, emphasizing lighting, access control, and resident engagement to reinforce on-site safety.
Nearby employment anchors provide commuting options that can underpin renter demand, notably business services and packaging operations within typical drive times. The following employers are representative of the area’s accessible job base.
- ADP Syracuse — payroll & HR services (9.2 miles)
- WestRock — packaging & paper products (12.1 miles)
This 46-unit property combines attainable rents with a renter base that is competitive within the Syracuse metro, supporting durable occupancy and collections. The 1982 construction is newer than the area’s average vintage, offering an edge versus older stock while leaving room for targeted value-add through interior updates, energy efficiencies, and amenity light-touch improvements. According to CRE market data from WDSuite, neighborhood schools rank strongly and rent levels remain relatively accessible, both of which can bolster retention for workforce and family renters.
Forward-looking demographics within a 3-mile radius indicate ongoing growth in households and higher-income cohorts, expanding the potential tenant base even as household sizes trend slightly smaller. Amenity density is modest, so asset strategy should emphasize on-site convenience and management quality to differentiate versus comparable rural product.
- Accessible rent positioning and favorable rent-to-income dynamics support retention and pricing discipline.
- 1982 vintage offers competitive standing versus older neighborhood stock with clear value-add pathways.
- Competitive renter concentration in the Syracuse metro underpins steady leasing for mid-size units.
- Strong school ratings and household growth within 3 miles reinforce long-term demand for family-friendly layouts.
- Risk: rural amenity depth is modest and safety sits near metro median—plan for security, lighting, and on-site convenience to mitigate.