2300 Sedgwick Avenue, Bronx, NY 10468

The New York Multifamily Team at 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. 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.

2300 Sedgwick Avenue is projected to generate approximately $1.34 million in pro forma gross residential income and an estimated pro forma NOI of $468,376, representing an attractive 7.2% cap rate. Average monthly rent is approximately $1,366 per unit, supported by a diversified mix of one-, two-, and three-bedroom apartments. 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.