Updated Oct 6, 2026
Michael Kessner Sells Bronx Multifamily Asset At 3871 Sedgwick Avenue For $7.35M
3871 Sedgwick Avenue
$7,350,000
$83/SF
Building Size
88,056 SF
Asset Type
MultiFamily
Closing
Sep 28, 2026
About this deal
AI
This transaction involves a MultiFamily property located at 3871 Sedgwick Avenue in the Bronx, which has a sale price of $7,350,000. The asset encompasses a total square footage of 88,056, equating to a price per square foot of $83.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,350,000
- Address: 3871 Sedgwick Avenue
- Market: Bronx
- Square Footage: 88,056
- Price per Square Foot: $83
- Seller: Michael Kessner
- Brokers: Seth Glasser, Michael Fusco & Benjamin (Ben) Myerow - Marcus & Millichap
The individuals involved in this transaction include the seller, Michael Kessner, with brokerage representation by Seth Glasser, Michael Fusco, and Benjamin (Ben) Myerow, all affiliated with Marcus & Millichap. This highlights the professional network engaged in closing the sale of this property.
On the Map
$7,350,000
$83/SF
MultiFamily
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Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93