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3871 Sedgwick Ave
Bronx, NY 10463
3871 Sedgwick Avenue Apartments · Multifamily Property For Sale
·
74 Units
Investment Highlights
- A six-story elevator building comprising 74 apartments and totaling 88,056 square ft, ideally situated between Van Cortlandt Avenue and West 238th St
- Gas Conversion – $415,000 total cost | Estimated $32,080 in annual MCI rent increases
- 9.2% Cap Rate | 5.2x GRM | $90 Per Sqft | $106,757 Per Unit
- Elevator Modernization – $268,000 total cost | Estimated $21,200 in annual MCI rent increases New Boiler, Burner, Oil Tank, Chimney Liner.
- Local Law 11 Façade Work – $516,000 total cost | Estimated $40,000 in annual MCI rent increases
- 3871 Sedgwick Avenue is just steps from Manhattan University, Van Cortlandt Park, the vibrant Broadway commercial corridor, and the 231st St 1 Train
Property Facts
| No. Units | 74 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 88,056 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 6 |
| Building Class | B | Year Built | 1926 |
| Zoning | R6A | ||
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 88,056 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1926 |
| Zoning | R6A |
Amenities
Site Amenities
- Controlled Access
- Laundry Facilities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 50 | - | 1,100 |
| 3+2 | 24 | - | 1,500 - 2,000 |
Property Taxes
| Parcel Number | 03263-0292 | Improvements Assessment | $1,584,000 |
| Land Assessment | $259,650 | Total Assessment | $1,843,650 |
Property Taxes
Parcel Number
03263-0292
Land Assessment
$259,650
Improvements Assessment
$1,584,000
Total Assessment
$1,843,650
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