| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 55th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 Newbury Hollow Ln, Syracuse, NY, 13210, US |
| Region / Metro | Syracuse |
| Year of Construction | 1998 |
| Units | 121 |
| Transaction Date | 2008-09-01 |
| Transaction Price | $5,500,000 |
| Buyer | Not disclosed |
| Seller | Newbury Apts, LLC |
102 Newbury Hollow Ln Syracuse Multifamily Opportunity
Renter demand is supported by a high neighborhood renter-occupied share and projected household growth nearby, according to WDSuite’s CRE market data. Investors should view this as a stable workforce-oriented location with room for operational upside.
Located in an Inner Suburb of Syracuse, the neighborhood posts a B- rating within the metro (ranked 135 out of 247 neighborhoods), signaling middle-of-the-pack fundamentals with selective strengths. Neighborhood occupancy is reported at the neighborhood level, not the property, and trends have inched up over the last five years. The area skews heavily renter-occupied, indicating a deep tenant base for multifamily leasing and renewal activity.
Amenities are mixed. Grocery access is comparatively better versus many Syracuse submarkets, while cafes, parks, and pharmacies are limited within the immediate neighborhood, suggesting residents rely on nearby retail corridors for daily needs. Average school ratings are above national median levels (national percentile around the low 60s), which can support family-oriented demand, though asset positioning and unit mix remain key.
For investors, tenure and affordability dynamics matter. The neighborhood’s renter-occupied share is among the highest nationally, which generally supports demand depth and occupancy stability. At the same time, local rent-to-income ratios indicate some affordability pressure, so deliberate lease management and renewal strategies are important for retention.
Within a 3-mile radius, WDSuite data shows modest recent population growth with a larger projected increase in households over the next five years, implying smaller household sizes and a larger renter pool. That trend typically benefits well-managed, mid-size properties with efficient floor plans.
Safety indicators for the neighborhood are mixed when viewed against national comparables. Overall crime sits modestly above the national median, but both property and violent offense rates have improved meaningfully year over year, according to WDSuite’s data. These are neighborhood-level indicators, not block-specific, and should be paired with on-the-ground diligence and property-level security practices.
In short, the trend is improving even as certain offense categories remain areas to monitor. Operators typically focus on lighting, access control, and resident engagement to support resident experience and retention.
Proximity to established employers supports a steady workforce renter base and commute convenience. Nearby anchors include WestRock, ADP Syracuse, and Frontier Communications.
- WestRock — packaging & paper (5.0 miles)
- ADP Syracuse — payroll & HR services (6.9 miles)
- Frontier Communications — telecommunications (39.6 miles)
Built in 1998 with 121 units, the property is newer than much of the area’s housing stock, which tends to date to the late 1950s. That relative vintage can be competitive versus older assets while still leaving room for systems upgrades or selective renovations to drive rent and retention. The surrounding neighborhood shows a high share of renter-occupied housing and steady neighborhood-level occupancy, providing a wide tenant base for leasing continuity.
Within a 3-mile radius, WDSuite data points to recent stabilization and a projected increase in households, signaling renter pool expansion and support for occupancy. According to CRE market data from WDSuite, the local context also includes some affordability pressure and amenity gaps, which argues for disciplined revenue management and targeted value-add rather than aggressive rent push assumptions.
- 1998 vintage offers competitive positioning versus older local stock with potential renovation upside
- High renter-occupied share in the neighborhood supports depth of tenant demand and leasing stability
- 3-mile radius shows projected household growth, indicating a larger renter pool to support occupancy
- Operational focus: manage affordability pressure and limited nearby amenities with measured rent strategy and resident services
- Risk: crime indicators have improved but remain a monitoring point; pair with practical security measures