THE CONDO BOOK PROJECT

Sedgwick Condominium

2792, 2794 & 2796 Sedgwick Ave, Bronx, NY 10468

Overview

Units
40 residential · 29 parking
Subway
10 min walk to Kingsbridge Rd 4Kingsbridge Rd B D, 14 min
Principals
Francesca Madruga, Jacob Rad, Neil J. Weissman
Average $/sf
$322Homes in Schedule A, as first offered
Common charges
$219–$321 a monthSponsor's first-year estimate in Schedule A, January 1, 2008 to December 31, 2008
Offering price
$12.1 million total

The sponsor of record is Sedgwick Owner LLC, represented by Starr Associates LLP. The offering plan runs 466 pages. The sponsor has filed 9 amendments, the latest in March 2016. The nearest other condo plan on file is West Kings Bridge Condominium, 0.1 mi away.

Plan CD070453 · New · accepted Oct 12, 2007 · AG record ↗

Closings Pro

Homes closed48% of the homes in Schedule A19 of 40
Closingsfirst and latest recordedJun 16, 2008 – Jul 13, 2010

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 19 closings
HomeRecordedClosing priceSchedule ADifference
4AJun 16, 2008$305,000——
2BJun 17, 2008$302,100——
3BJun 18, 2008$297,000——
2DJun 20, 2008$288,990——
1AJun 26, 2008$150,000——
3AJun 30, 2008$300,000——
1CJul 18, 2008$300,000——
2AJul 28, 2008$300,000——
4BJul 29, 2008$304,200——
3DAug 25, 2008$300,000——
4DOct 6, 2008$304,200——
3CJan 22, 2009$288,990——
2CMar 6, 2009$285,000——
1BJul 13, 2010$2,232,077——
1DJul 13, 2010$2,232,077——
4CJul 13, 2010$2,232,077——
C1Jul 13, 2010$2,232,077——
C2Jul 13, 2010$2,232,077——
C3Jul 13, 2010$2,232,077——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Sedgwick Owner LLC
Principals
Francesca Madruga, Jacob Rad, Neil J. Weissman
Tax estimate
Barnett MallerPrepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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