| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 52nd | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1090 White Oak Ln, Farmington, NY, 14425, US |
| Region / Metro | Farmington |
| Year of Construction | 1980 |
| Units | 66 |
| Transaction Date | 2011-11-17 |
| Transaction Price | $5,030,855 |
| Buyer | Collett Woods LLC |
| Seller | 1080 White Oak Lane LP |
1090 White Oak Ln, Farmington NY Multifamily Opportunity
Neighborhood multifamily occupancy is at the top of the Rochester metro, supporting lease stability according to WDSuite’s CRE market data; this refers to the neighborhood, not the property.
Located in an inner-suburban pocket of the Rochester, NY metro, the neighborhood posts a 100% occupancy rate at the neighborhood level (ranked 1st of 359), signaling tight conditions that can underpin steady collections and limited downtime. This is a neighborhood metric, not the property’s own occupancy.
Renter concentration at the neighborhood level is among the highest in the metro (ranked 7th of 359), indicating a deep tenant base for multifamily assets and potential demand resilience through cycles. Median contract rents in the neighborhood sit in the upper tier versus Rochester peers (ranked 25th of 359), suggesting operators should emphasize service quality and retention to sustain pricing.
Everyday retail is relatively light immediately nearby, but grocery access is competitive among Rochester neighborhoods (ranked 58th of 359 and in a high national percentile), while cafes, restaurants, parks, and pharmacies are sparse in the immediate area. Investors should plan for a car-oriented resident profile with reliance on nearby corridors for services and employment.
The property’s 1980 vintage is older than the neighborhood’s average construction year (1994), which points to likely capital planning needs alongside value-add or modernization opportunities to remain competitive against newer stock.
Within a 3-mile radius, population and household counts have expanded in recent years with further increases projected, which can enlarge the local renter pool and support occupancy stability. Based on CRE market data from WDSuite, the local rent-to-income profile suggests some affordability pressure, so disciplined renewal strategies and amenity positioning can help sustain retention.
Comparable, rank-based safety data for this neighborhood is not available in the current release. Investors typically benchmark neighborhood-level trends against metro and national sources and supplement with jurisdictional reports to understand recent patterns and any directional changes.
Nearby corporate employers provide a diversified white-collar employment base that supports renter demand and commute convenience, including Constellation Brands, Thermo Fisher Scientific, Dish Network, Xerox, and additional Constellation Brands offices.
- Constellation Brands — beverages HQ/corporate (6.1 miles) — HQ
- Thermo Fisher Scientific In Fairport Ny — life sciences (7.3 miles)
- Dish Network — telecom services (15.3 miles)
- Xerox Corporation — technology & business services (16.7 miles)
- Constellation Brands, Inc. — beverages corporate (17.2 miles)
1090 White Oak Ln offers investors exposure to a tight inner-suburban submarket where neighborhood occupancy ranks first among 359 Rochester neighborhoods, reinforcing the case for durable demand and limited vacancy at the neighborhood level. The asset’s 1980 vintage is older than the area’s typical stock, creating a straightforward path for value-add upgrades and system modernization to improve competitive positioning against 1990s-era product. According to CRE market data from WDSuite, neighborhood rents trend toward the upper tier for the metro, so execution should balance pricing with retention-focused operations.
Growth within a 3-mile radius — including increases in population and households with further expansion projected — supports a larger tenant base and healthy leasing pipelines. Proximity to established employers within 6–17 miles anchors weekday demand, while the amenity-light micro-location and measured affordability pressure suggest disciplined rent management and resident experience will be important for maintaining occupancy and lease duration.
- Neighborhood occupancy ranks at the top of the Rochester metro, supporting stable leasing conditions
- 1980 vintage presents value-add and capital planning opportunities to outperform older peers
- Expanding population and households within 3 miles point to a growing renter base and pipeline
- Nearby corporate employers (6–17 miles) provide diversified demand and commute convenience
- Risks: amenity-light immediate area and affordability pressure call for careful pricing and retention tactics