2523 Sedgwick Ave

Seize the opportunity to own a piece of history with this distinctive 2639 square foot free-standing home, dating back to 1901, and as one of the final two legally operating Rooming Houses in the Bronx. Spanning a generous lot size of 37.42 ft x 87 ft, the property boasts a unique configuration, currently housing one Class A residence and seven Class B Single Room Occupancies (SRO’s). DELIVERED VACANT. The Class A residence comprises a spacious dining and living area on the ground level, offering a 1BR/1BA with lovely East River views from the functional kitchen. The basement unfolds into a second bedroom/bathroom area, complete with a small kitchen, common room, and washer/dryer, and is accessible from the outside. A large backyard with river views adds a touch of tranquility. Ascending the staircase from a separate entrance, discover five of the seven SRO rooms with a shared bathroom, while the top floor houses the remaining two SRO rooms alongside a community kitchen and another bathroom. Parking for two cars at the front of the building enhances convenience. With 7,727 square feet of buildable residential space, it is conveniently located for development, only a 30-minute walk or short bus ride away from Bronx Fordham University. Alternatively, investors can capitalize on the existing rental income from the seven SRO units. Just three bus stops from Inwood Hill Park's 196 acres of recreational haven, this listing beckons as a prime investment opportunity. Annual Real Estate taxes $5,085 For a more detailed set-up sheet please contact us. Initial renderings of a potential 7-story condo development are available.