| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 58th | Good |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 108 Century Rd, Bridgeport, NY, 13030, US |
| Region / Metro | Bridgeport |
| Year of Construction | 1981 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
108 Century Rd Bridgeport NY Multifamily Investment
Neighborhood occupancy trends are solid and sit in the top quartile nationally, according to WDSuite’s CRE market data, supporting durable cash flow potential. Positioning in suburban Bridgeport balances renter demand with relatively accessible pricing for the Syracuse metro.
Rated B+ and ranked 65 out of 247 neighborhoods within the Syracuse metro, the area is competitive among Syracuse neighborhoods for multifamily performance. Occupancy in the neighborhood tracks above the metro median and in the top quartile nationally, a constructive signal for investor underwriting and lease stability.
Local amenity density is modest, with limited food-and-beverage options in the immediate area, though park access ranks 44 of 247 in the metro and sits above national averages. Grocery access is around the metro middle. For residents, this points to a more suburban living pattern that can appeal to households prioritizing space and quieter streets over walkable retail.
Within a 3-mile radius, demographics indicate an expanding near-term tenant base: households increased over the past five years and are projected to continue rising, even as smaller household sizes emerge. This combination suggests a larger pool of renters entering the market and supports occupancy stability. Median incomes in the neighborhood rank in the upper tier metro-wide and above national norms, which can underpin rent collections and reduce turnover risk.
Renter concentration is relatively low in the immediate neighborhood, implying demand is driven by a thinner, need-based renter segment rather than transient turnover. For investors, that typically translates to steadier leasing but calls for thoughtful marketing to capture qualified tenants migrating from ownership or nearby employment centers. The property’s 1981 vintage is slightly older than the local average construction year, creating potential value-add and systems modernization opportunities that can enhance competitive positioning versus newer stock.
Safety indicators for the neighborhood are mixed but generally around metro norms. The area ranks 105 out of 247 Syracuse neighborhoods on overall crime, placing it near the middle of the metro distribution. Nationally, violent offense levels benchmark in a stronger position (around the upper half of neighborhoods nationwide), while property offense trends align closer to national mid-range levels.
Recent trend signals are nuanced: violent offense estimates have improved year over year, while property offenses ticked up. For investors, the takeaways are to underwrite standard security and lighting upgrades, maintain good site lines, and emphasize community standards—common measures that help retention in suburban settings with average safety profiles.
Regional employers within commuting range support workforce housing dynamics and broaden the qualified renter pool. Key nearby drivers include ADP (payroll and HR services), WestRock (packaging), and Frontier Communications (telecommunications).
- ADP Syracuse — payroll & HR services (10.4 miles)
- WestRock — packaging (12.5 miles)
- Frontier Communications — telecommunications (42.3 miles)
This 72-unit asset benefits from a suburban location where neighborhood occupancy trends are above the metro median and top quartile nationally, indicating resilient leasing and stable tenant retention. Based on CRE market data from WDSuite, incomes in the area sit well above national norms, and rent-to-income levels imply manageable affordability pressure—factors that can sustain collections and reduce churn. The 1981 vintage points to targeted renovation and systems upgrades as a clear path to value creation and competitive differentiation against newer supply.
Demographic indicators aggregated within a 3-mile radius show household growth and a projected rise in households alongside smaller household sizes, which can expand the renter pool despite softer population projections. Balanced against this are suburban amenity limitations and a homeownership-leaning tenure mix that may require sharper marketing and value-add execution to capture demand from income-stable renters.
- Above-median metro occupancy and top-quartile national standing support durable leasing
- Strong income profile with favorable rent-to-income dynamics underpins collections
- 1981 vintage offers value-add and modernization upside to enhance competitiveness
- Commutable access to employers like ADP and WestRock broadens tenant demand
- Risks: amenity-light suburban setting, ownership competition, and variable property offense trends