Elevator Multifamily
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2300 Sedgwick Avenue, Bronx, NY 10468
82-unit elevator apartment building near transit and Bronx Community College, offering a mix of one-, two-, and three-bedroom homes.
Property Size92,748 SF
Price / SF$56.60
Days on Market71
Property Features for 2300 Sedgwick Avenue
General Information
Standard status
Active
Size
92,748 SF
Property subtype
Multifamily
Zoning
R5
Occupancy
93%
Investment Type
Stabilized
Net Operating Income
$455,000
Building Details
Year Built
1927
Buildings
1
Units
82
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Christopher Mehran · License #10401387746
Source:
Crexi
Added: Jun 5
Changed: Aug 7
Last Checked: Aug 12 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
2300 Sedgwick Avenue is an 82-unit elevator apartment building comprised entirely of residential units. The property spans 92,748 square feet and has been owned and operated by the same family office for more than 40 years. The apartment mix includes one-, two-, and three-bedroom units, supporting average monthly rent of approximately $1,366 per unit.
The building is located right off West Fordham Road in the University Heights submarket of the Bronx. It is a short walk to the Fordham Road 4 train and near Bronx Community College and the James J. Peters VA Hospital. The property is also positioned outside the University Heights Bridge, providing direct access into Inwood.
For buyers and operators, this is a residential-focused asset with in-place tenancy referenced as strong, and with long-term housing demand described as consistent within a supply-constrained New York City submarket. The offering includes forward-looking financial projections of approximately $1.34 million in pro forma gross residential income and an estimated pro forma NOI of $468,376, based on a projected 7.2% cap rate.
The building is located right off West Fordham Road in the University Heights submarket of the Bronx. It is a short walk to the Fordham Road 4 train and near Bronx Community College and the James J. Peters VA Hospital. The property is also positioned outside the University Heights Bridge, providing direct access into Inwood.
For buyers and operators, this is a residential-focused asset with in-place tenancy referenced as strong, and with long-term housing demand described as consistent within a supply-constrained New York City submarket. The offering includes forward-looking financial projections of approximately $1.34 million in pro forma gross residential income and an estimated pro forma NOI of $468,376, based on a projected 7.2% cap rate.
Key Highlights
- 82‑unit elevator apartment building built in 1927 with 92,748 SF
- Residential‑only property with a diversified unit mix of 1-, 2-, and 3‑bedroom apartments
- In‑place occupancy with strong, consistent cash flow per the provided remarks
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,017
Businesses Nearby
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Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 82-unit elevator apartment building near transit and Bronx Community College, offering a mix of one-, two-, and three-bedroom homes.
Where is this apartment building located?
The property is located at 2300 Sedgwick Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 82‑unit elevator apartment building built in 1927 with 92,748 SF; Residential‑only property with a diversified unit mix of 1-, 2-, and 3‑bedroom apartments; In‑place occupancy with strong, consistent cash flow per the provided remarks
