Investment Overview

Marcus & Millichap is pleased to present the following opportunity in the highly coveted Kingsbridge Heights neighborhood of the Bronx. 3871 Sedgwick Avenue is a 74-unit elevator building that has been professionally managed and recently enhanced through a series of capital improvements. Encompassing 88,000 square feet, the property offers investors a rare chance to acquire a legacy asset with immediate economies of scale in one of the borough’s most desirable submarkets. Encompassing 88,000 square feet, the property offers investors a rare chance to acquire a legacy asset with immediate economies of scale in one of the borough’s most desirable submarkets. Ideally positioned adjacent to Riverdale, 3871 Sedgwick Avenue also offers proximity to Manhattan College, Van Cortlandt Park, the vibrant Broadway commercial corridor, and the 231st Street 1 Train. In addition to strong in-place income, ownership has completed major upgrades including an elevator modernization, a new boiler and burner with gas conversion, and comprehensive Local Law 11 façade work. MCI applications have been submitted for each of these projects, with a combined estimated annual rent increase of approximately $93,000 upon approval, offering investors a clear path to additional revenue and long-term value growth. Boasting 135 feet of frontage, this meticulously maintained asset comprises 43 one-bedroom, 18 two-bedroom, 12 three-bedroom, and one studio apartment. 3871 Sedgwick Avenue is ideally located near Manhattan University, Van Cortlandt Park, the vibrant Broadway commercial corridor, and the 231st Street 1 Train.