2300 Sedgwick Avenue — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Bronx, NY 10468

Photos

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Investment Figures

Cap rate
8.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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.

Market Context

This multifamily in Bronx, NY is listed for sale. It is offered at an approximate 8.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Bronx, NY — view the full market.

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