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Multifamily

2300 Sedgwick Avenue

2300 Sedgwick Avenue, Bronx, NY 10468

Listing Price: $6,150,000

Cap Rate
7.40%
Number of Units
82
GRM
4.71
Price/Unit
$75,000
Price/Gross SF
$66.31
Gross SF
92,748

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in the University Heights submarket of the Bronx. 2300 Sedgwick Avenue is an 82 unit elevator building that has been owned an operated by the same family office for over 40 years. The building is located right off West Fordham Road and spans 92,748 square feet. The property consists entirely of residential units and benefits from strong in-place occupancy, consistent cash flow, and long-term housing demand within a supply-constrained New York City submarket.

Sedgwick Avenue provides investors with a compelling opportunity to acquire a well-located Bronx multifamily property featuring stable residential tenancy, durable cash flow, and long-term
appreciation potential in one of New York City’s strongest rental housing markets.

Investment Highlights

  • 2300 Segwick Avenue, built in 1927, is an 82-Unit multifamily asset, spanning 92,748 SF and sits on a 169' x 110' lot.
  • Tax Class: 2 | Zoning: R5 | 100% Rent-Stabilized | Elevator Building
  • 2300 Sedgwick Avenue is a short walk to the Fordham Road 4 train, nearby the Bronx Community College, James J. Peters VA Hospital and right outside the University Heights Bridge directly into Inwood.

Exclusively Listed By

Financing By

Multifamily

2300 Sedgwick Avenue

Listing Price: $6,150,000

Cap Rate
7.40%
Number of Units
82
GRM
4.71
Price/Unit
$75,000
Price/Gross SF
$66.31
Gross SF
92,748

Investment Highlights

  • 2300 Segwick Avenue, built in 1927, is an 82-Unit multifamily asset, spanning 92,748 SF and sits on a 169' x 110' lot.
  • Tax Class: 2 | Zoning: R5 | 100% Rent-Stabilized | Elevator Building
  • 2300 Sedgwick Avenue is a short walk to the Fordham Road 4 train, nearby the Bronx Community College, James J. Peters VA Hospital and right outside the University Heights Bridge directly into Inwood.

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in the University Heights submarket of the Bronx. 2300 Sedgwick Avenue is an 82 unit elevator building that has been owned an operated by the same family office for over 40 years. The building is located right off West Fordham Road and spans 92,748 square feet. The property consists entirely of residential units and benefits from strong in-place occupancy, consistent cash flow, and long-term housing demand within a supply-constrained New York City submarket. Sedgwick Avenue provides investors with a compelling opportunity to acquire a well-located Bronx multifamily property featuring stable residential tenancy, durable cash flow, and long-term appreciation potential in one of New York City’s strongest rental housing markets.

Exclusively Listed By

Financing By

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