| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Good |
| Demographics | 41st | Good |
| Amenities | 31st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 N Hamilton St, Painted Post, NY, 14870, US |
| Region / Metro | Painted Post |
| Year of Construction | 1974 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
250 N Hamilton St Painted Post Multifamily Investment
Stabilized renter demand is supported by a modest renter base and proximity to daily amenities in the Corning, NY area, according to WDSuite’s CRE market data. Neighborhood occupancy is measured for the area, not the property, and trends suggest steady but selective leasing conditions.
Painted Post offers small-market fundamentals with access to daily needs and major employment nearby. Within the Corning, NY metro, the neighborhood is competitive, ranking in the top quartile among 71 neighborhoods on overall rating (A-), which signals relative strength versus local peers rather than a guarantee of performance.
Amenity coverage skews toward essentials: grocery access ranks near the top locally (rank 8 of 71) and parks access is also favorable (rank 5 of 71), while cafes and pharmacies are limited. These patterns are common in rural settings and point to convenience for residents’ daily trips but fewer lifestyle-oriented options compared with urban submarkets.
Neighborhood occupancy stands at 82.2% (area-level, not the property), placing it below many national peers (lower national percentile), which suggests investors should underwrite to thoughtful lease management. Renter concentration in the neighborhood is modest at roughly one-quarter of housing units being renter-occupied, indicating a smaller but durable tenant base; within a 3-mile radius, households are projected to expand, supporting a larger renter pool over time.
Home values are lower than national averages in this area, which can make ownership comparatively accessible. For multifamily investors, that dynamic can introduce competition with entry-level ownership, but it can also support retention where professionally managed rentals provide quality, convenience, or flexibility at reasonable rent-to-income levels.
Comparable safety benchmarks for this neighborhood are not available in the provided dataset. Investors should consider reviewing metro-level crime trends and multiple third-party sources to contextualize risk, focusing on multi-year direction rather than single-year noise.
The local employment base is anchored by nearby corporate offices, supporting commute convenience and leasing stability for workforce housing. The list below focuses on employers within a short drive that are most relevant to renter demand in this submarket.
- Corning — corporate offices (2.0 miles) — HQ
Built in 1974, this 90-unit property offers value-add potential through targeted capital improvements that can enhance competitiveness against older local stock. The neighborhood sits in the top quartile within the Corning, NY metro and benefits from nearby grocery and park access, while area-level occupancy (not the property) is softer, calling for disciplined leasing and renewal strategies. Within a 3-mile radius, projections show population growth and a notable increase in households, which supports a larger tenant base and potential occupancy stability over the medium term, based on CRE market data from WDSuite.
Lower home values versus national norms may increase competition from entry-level ownership, but professionally managed apartments can differentiate on convenience and flexibility. Forecast rent gains at the area level, combined with rising household incomes in the 3-mile radius, suggest room for measured pricing power if renovations elevate unit quality and resident experience.
- Top-quartile neighborhood standing in the Corning, NY metro supports relative location strength.
- 1974 vintage provides clear value-add pathways via systems upgrades and interior modernization.
- 3-mile radius forecasts indicate population and household growth, expanding the renter pool over time.
- Daily-needs access (grocery, parks) and proximity to major employment bolster leasing fundamentals.
- Risks: area-level occupancy is lower and ownership is comparatively accessible, requiring prudent underwriting and differentiated product positioning.