| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Fair |
| Demographics | 44th | Fair |
| Amenities | 7th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 33 Tempest St, Perry, NY, 14530, US |
| Region / Metro | Perry |
| Year of Construction | 2011 |
| Units | 20 |
| Transaction Date | 2011-09-27 |
| Transaction Price | $64,000 |
| Buyer | CHAMPION PLACE INC |
| Seller | ACTION ENTERPRISES INC |
33 Tempest St, Perry NY — 2011 20-Unit Multifamily
Newer construction in an older housing stock area supports competitive positioning and steady renter demand, according to WDSuite’s CRE market data. The neighborhood’s occupancy has trended upward, suggesting stable leasing for a well-maintained asset.
The property’s 2011 vintage stands out versus a neighborhood housing stock that skews older, creating a relative quality edge for leasing and retention. With an average unit size near 772 square feet, the community likely caters to 1–2 bedroom demand profiles common in smaller markets.
Neighborhood-level occupancy is reported at 89.5% and has increased over the past five years, indicating improving stability for landlords in this part of Wyoming County. Renter-occupied housing represents a smaller share of units locally (competitive among 30 Wyoming County neighborhoods), which points to a thinner but resilient tenant base where well-positioned multifamily can capture demand.
Ownership costs are relatively accessible in this market, so multifamily assets compete on convenience and quality. A low rent-to-income burden at the neighborhood level supports retention and collections, though it may temper near-term pricing power. Grocery access is above the metro median among 30 neighborhoods, while other destination amenities (parks, cafes, restaurants) are limited—typical of a rural setting and relevant for tenant expectations and marketing.
Demographic statistics referenced for context are aggregated within a 3-mile radius. Population and income indicators have trended upward in recent years, reinforcing a steady renter pool and supporting occupancy stability, based on commercial real estate analysis from WDSuite.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location, so investors should benchmark safety perception using county and regional references and on-the-ground diligence. Framing against broader Wyoming County and metro trends can help assess reputational factors that influence leasing and retention.
Regional employers within commuting range provide a diversified white-collar employment base that can support renter demand and lease stability for workforce-oriented units. Notable corporate offices include Dish Network, Constellation Brands, Wesco Distribution, and McKesson.
- Dish Network — telecommunications (29.8 miles)
- Constellation Brands — beverage alcohol (36.0 miles) — HQ
- Constellation Brands, Inc. — beverage alcohol (36.5 miles)
- Wesco Distribution — electrical distribution (36.8 miles)
- McKesson — healthcare distribution (37.7 miles)
Built in 2011, this 20-unit asset offers a meaningful quality advantage over an older surrounding housing base, which can support leasing velocity and retention. Neighborhood occupancy has improved over the past five years, and a low rent-to-income burden suggests room for sustainable tenancy management even if near-term rent growth remains measured. According to CRE market data from WDSuite, ownership is relatively accessible in this area, so competitive positioning will hinge on property condition, convenience, and professional operations.
Within a 3-mile radius, population and income trends have moved higher, expanding the tenant base for well-located multifamily. Amenity density is modest—typical of rural settings—so investors should weigh marketing toward value, maintenance responsiveness, and commute convenience to nearby employment nodes.
- 2011 construction provides a competitive edge versus older neighborhood stock, limiting near-term capex to targeted modernization.
- Neighborhood occupancy has trended upward, supporting leasing stability for well-operated assets.
- Low rent-to-income burden supports retention and collections while allowing disciplined, operations-led NOI growth.
- Proximity to regional employers underpins workforce demand despite limited local amenities.
- Risks: smaller renter base and relatively accessible homeownership can temper pricing power; rural amenity density requires focused asset management and marketing.