| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Good |
| Demographics | 67th | Good |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Lyceum St, Geneva, NY, 14456, US |
| Region / Metro | Geneva |
| Year of Construction | 2003 |
| Units | 79 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Lyceum St, Geneva NY Multifamily Investment
Neighborhood occupancy trends are strong and support stable leasing for a 2003-vintage asset, according to WDSuite’s CRE market data. These signals reflect the surrounding neighborhood, not the property itself.
Geneva’s suburban setting around 150 Lyceum St shows durable renter demand signals: the neighborhood s occupancy is high compared with neighborhoods nationwide (89th percentile), a favorable backdrop for maintaining collections and minimizing downtime. This figure represents the neighborhood, not the property.
Daily-needs access is a relative strength locally. Grocery availability is competitive among Rochester neighborhoods (ranked 63 of 359) and sits in the 76th percentile nationally, while caf E9 and restaurant density is limited within the immediate neighborhood. For investors, this mix points to convenience for essentials with fewer discretionary venues nearby, which may concentrate trips to corridor retail.
Vintage and positioning: Built in 2003, the property is materially newer than much of the area s housing stock (which skews older). That positioning can reduce near-term capital expenditure compared with older assets, while still warranting routine system updates and selective common-area refreshes to remain competitive.
Tenure and renter base: Within the neighborhood, roughly 27.5% of housing units are renter-occupied, indicating a primarily owner-occupied pocket; within a 3-mile radius, renters account for about 46% of housing units. This broader radius suggests a deeper tenant pool for multifamily operators even if the immediate blocks lean toward ownership.
Demographics (3-mile radius): Recent trends show a modest population dip over the last five years but an increase in households, with forecasts pointing to further household growth and smaller average household sizes. For multifamily, a larger household count and smaller household size translate to a broader tenant base and support for occupancy stability over the medium term.
Affordability and rent context: Neighborhood rent-to-income is modest (about 11%), and median contract rents are near the national midpoint. For investors, this implies comparatively low affordability pressure that can aid retention, while relatively accessible ownership costs in the area may introduce some competition with rental options.
Comparable safety metrics for this neighborhood are not available in WDSuite at this time. Investors typically benchmark neighborhood conditions against Rochester metro trends and corroborate with municipal reports and property-level history as part of standard diligence.
Regional employers within commuting range support renter demand through stable job nodes, including Thermo Fisher Scientific, Constellation Brands, Xerox, Dish Network, and Wesco Distribution.
- Thermo Fisher Scientific In Fairport Ny D life sciences manufacturing/offices (24.9 miles)
- Constellation Brands D consumer beverages (26.0 miles) D HQ
- Xerox Corporation D technology & business services (32.1 miles)
- Dish Network D telecommunications (35.5 miles)
- Wesco Distribution D electrical distribution (39.9 miles)
The investment case centers on occupancy stability, approachable renter affordability, and a 2003 construction vintage that is newer than much of the surrounding housing stock. Based on CRE market data from WDSuite, the neighborhood s high occupancy and practical grocery access provide supportive fundamentals for steady leasing, while the broader 3-mile area exhibits a growing household base and smaller household sizes that can expand the renter pool over time.
From a strategy standpoint, 2003-vintage systems may benefit from targeted updates to sustain competitive positioning against older product in the submarket. While ownership remains accessible in this area Dintroducing some competition for renters Dthe combination of modest rent-to-income and commuting access to regional employers underpins tenant retention and leasing visibility.
- High neighborhood occupancy and steady demand backdrop support leasing stability
- 2003 construction offers reduced near-term capex versus older local stock, with selective upgrade potential
- Household growth and smaller household sizes within 3 miles expand the renter pool
- Modest rent-to-income supports retention; monitor competition from accessible ownership options