| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Good |
| Demographics | 39th | Fair |
| Amenities | 16th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 118 W Broadway, Montour Falls, NY, 14865, US |
| Region / Metro | Montour Falls |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
118 W Broadway, Montour Falls NY — 24-Unit 1999 Multifamily
Neighborhood occupancy ranks in the top quartile locally, supporting steadier leasing and retention according to WDSuite’s CRE market data, while the property’s late-1990s vintage offers competitive positioning versus older nearby stock.
Located in Montour Falls (Schuyler County), the neighborhood is rated B+ and is competitive among Schuyler County neighborhoods (ranked 6 out of 16). For investors, this suggests balanced fundamentals without the pricing volatility seen in top-priced submarkets.
Occupancy in the neighborhood is strong for the metro, ranking 3 out of 16 neighborhoods — a top-quartile position that supports cash flow stability and lease-up predictability. Median contract rents sit below national medians (39th percentile), yet have risen over the past five years, indicating room for continued rent optimization as quality improves.
The area’s renter-occupied share is moderate (rank 5 of 16), implying a smaller but steady tenant base. In a market where home values are lower relative to national norms (19th percentile), ownership can be more accessible; investors should expect some competition from entry-level ownership but also benefit from renter households that prioritize convenience and lower upfront costs. A rent-to-income ratio around the national middle (41st percentile) points to manageable affordability pressure and supports retention and renewal strategies.
Amenities within the immediate neighborhood are limited by national comparison (amenities at the 16th percentile), though park access is a relative strength locally (ranked 1 of 16; 63rd percentile nationally). For workforce renters, proximity to daily needs may hinge on short drives to nearby nodes rather than walking access, reinforcing the value of on-site conveniences and parking.
Comparable-trend framing is most appropriate here: neighborhood-specific crime scoring is not available in the provided dataset, and block-level conclusions are not warranted. Investors should benchmark conditions against broader Schuyler County patterns and property-level risk management practices (lighting, access control, and resident screening) rather than rely on unsupported neighborhood claims.
The local employment base includes manufacturing and advanced materials roles that underpin steady blue-collar and technical demand within commuting distance.
- Corning — advanced materials and manufacturing (17.9 miles) — HQ
This 24-unit asset, built in 1999, is newer than much of the surrounding stock (area average construction year skews early-1900s), giving it a competitive edge on unit layouts, systems, and curb appeal. That relative vintage positions the property for durable occupancy and selective value-add where modernization can lift effective rents without overextending capital plans.
At the neighborhood level, occupancy ranks top quartile among 16 metro neighborhoods, and median rents track below national medians with recent growth — an attractive setup for measured rent execution as quality improves. Home values are lower relative to national norms, which can create some competition from ownership; however, a mid-range rent-to-income profile supports retention. These dynamics point to steady demand and prudent, operations-led value creation, based on CRE market data from WDSuite.
- Newer 1999 vintage versus older local stock supports leasing and reduces near-term capital intensity.
- Top-quartile neighborhood occupancy (3 of 16) underpins cash flow stability and lease-up confidence.
- Below-national-median rents with recent growth offer room for thoughtful rent optimization via targeted upgrades.
- Mid-range rent-to-income profile supports resident retention and measured pricing power.
- Risk: Limited neighborhood amenities and relatively accessible ownership options may temper peak rent ceilings; focus on operations and finishes to differentiate.