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3871 Sedgwick Avenue Apartments 3871 Sedgwick Ave 74 Unité Immeuble d’appartements 11 027 768 $ CAD (149 024 $ CAD/Unité) 9,20% Taux de capitalisation Bronx, NY 10463
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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
RÉSUMÉ DE L'ANNONCE
The New York Multifamily Team at 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 88,056 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 88,056 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.
Encompassing 88,056 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.
FAITS SUR LA PROPRIÉTÉ
| Prix | 11 027 768 $ CAD | Style d’appartement | De hauteur moyenne |
| Prix par unité | 149 024 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,34 AC |
| Taux de capitalisation | 9,20% | Taille du bâtiment | 88 056 pi² |
| Multiplicateur du loyer brut | 5.2 | Occupation moyenne | 100% |
| Nombre d’unités | 74 | Nombre d’étages | 6 |
| Type de propriété | Immeuble residentiel | Année de construction | 1926 |
| Sous-type de propriété | Appartement | ||
| Zonage | R6A | ||
| Prix | 11 027 768 $ CAD |
| Prix par unité | 149 024 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,20% |
| Multiplicateur du loyer brut | 5.2 |
| Nombre d’unités | 74 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Taille du lot | 0,34 AC |
| Taille du bâtiment | 88 056 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 6 |
| Année de construction | 1926 |
| Zonage | R6A |
COMMODITÉS
COMMODITÉS DU SITE
- Accès contrôlé
- Installations de lessive
- Entretien sur place
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 50 | - | 1 100 |
| 3+2 | 24 | - | 1 500 - 2 000 |
1 1
Walk Score®
Très pratique à pied (88)
Transit Score®
Un paradis pour conducteur (100)
Impôts fonciers
| Numéro de lot | 03263-0292 | Évaluation des bâtiments | 2 199 183 $ CAD |
| Évaluation du terrain | 363 757 $ CAD | Évaluation totale | 2 562 940 $ CAD |
Impôts fonciers
Numéro de lot
03263-0292
Évaluation du terrain
363 757 $ CAD
Évaluation des bâtiments
2 199 183 $ CAD
Évaluation totale
2 562 940 $ CAD
CONTACTS
-
Seth Glasser -
Michael Fusco -
Benjamin Myerow -
Christopher Mehran -
Marcus & Millichap
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3871 Sedgwick Avenue Apartments | 3871 Sedgwick Ave
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