21 Adelphi St
21 Adelphi St, Brooklyn, NY 11205
OFFERS DUE SEPTEMBER 18TH, 2026
Investment Highlights
Asset Overview:
75% Free Market, four-story apartment building featuring (6) free-market units, (1) rent-stabilized unit, and (1) rent-control unit
Free-Market Unit Mix:
(2) spacious two-bedroom duplex apartments, (2) two-bedroom apartments, and (2) three-bedroom apartments
Tax Class Protected:
Tax Class 2B designation, providing investors with limits on year-over-year tax increases.
Strong Cash Flow & Revenue Upside:
Strong in-place cash flow with ability to increase revenue for (6) free-market apartments through unit renovation.
Premier Transit Access:
Centrally located near the Clinton–Washington Ave, Nevins St, DeKalb Ave, and Lafayette Ave stations. Direct access to the A, C, B, D, G, N, Q, R, 2, 3, 4, and 5 subway lines, offering seamless connectivity across all five boroughs
High-Traffic Corridor:
Situated in the heart of Fort Greene, this prime Brooklyn corridor benefits from over 10,000 daily pedestrians, surrounded by Pratt Institute, Fort Greene Park, and a premier mix of national and local retail tenants
Building Details
- For Sale $3,350,000
- Property Type Multi-Family
- Property Size 6,737 SF
- Units 8
- Lot Size 0.06 Acre
- Cap Rate % 7.72
- Taxes / YR $10,651.00
- Zoning M1-2
- Additional Rent Price on request
- # of Floors 4
- Year Built 1915
- Date Updated Sep 4, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Location
- City Brooklyn, NY
- Neighborhood Fort Greene
- Zip Code 11205
- Market Brooklyn
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Walk score 95/100 Walker's Paradise -
Transit score 100/100 Rider's Paradise -
Bike score 93/100 Biker's Paradise
Points of Interest
brooklyn taxi company
0.65 miles
Clinton-Washington
0.68 miles
New Bell Car Service
0.76 miles
York Street
0.81 miles
Jay Street–MetroTech
0.85 miles
Classon Avenue
0.87 miles
Borough Hall
0.96 miles
Marcy Avenue
1.08 miles
Bedford–Nostrand Avenues
1.12 miles
Hewes Street
1.20 miles
Emporium
0.15 miles
Sunoco
0.56 miles
BP
0.57 miles
Mobil
0.61 miles
Citgo
0.61 miles
ChargePoint
0.84 miles
Tesla Supercharger
0.94 miles
Shell
1.10 miles
Revel
1.20 miles
Blink
1.71 miles
NYPD Brooklyn Tow Pound
0.46 miles
MPG
0.83 miles
Park Kwik
0.90 miles
Edison ParkFast
0.95 miles
Cielo Garage
1.04 miles
The Parking Club
1.21 miles
Underhill Garage
1.41 miles
88 Madison Street Parking
1.60 miles
Rapid Park
1.70 miles
Garfield Garage
1.70 miles
U-Haul
0.94 miles
Herz
1.09 miles
Avis
1.13 miles
Five Star Auto Spa
1.23 miles
Speedy Rent-a-Car
1.24 miles
Zap Car Wash & Lube
1.48 miles
Automated Hand Car Wash
1.57 miles
Golden Touch Car Care Center
1.64 miles
Hertz
1.69 miles
Just4Wheels
1.86 miles
Holy Pita
0.03 miles
M&J Navy Yard Sub Shop
0.05 miles
66S Fusion
0.06 miles
Tiger Box
0.07 miles
GMC Temaxcal Deli & Grocery
0.07 miles
Sabor
0.10 miles
Jalapa Jar
0.11 miles
Hungy House
0.12 miles
Pizza Yard
0.12 miles
New Dragon Palace
0.16 miles
Bravo
0.27 miles
Green-Ville Garden
0.27 miles
Wegmans
0.36 miles
Key Food
0.47 miles
Khim's Millenium Market
0.54 miles
Elly's Market
0.56 miles
Gold Organic Farm
0.56 miles
NYC Fresh Market
0.61 miles
Trader Joe's
0.68 miles
Fine Food
0.69 miles
HealthNeed Urgent Care
0.25 miles
Myrtle Drug Care Pharmacy
0.27 miles
Whitman Pharnacy
0.27 miles
Walgreens
0.28 miles
NYC Health + Hospitals/Gotham Health, Cumberland
0.28 miles
FDNY Engine 210
0.31 miles
Health Point Drugs
0.32 miles
Whitman Ingersoll Farragut Health Center
0.33 miles
Myrtle Pharmacy
0.38 miles
CityMD
0.41 miles
Listing Summary
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Property Financials 21 Adelphi St is currently listed for sale at $3,350,000 for a price per square foot of $497.25. Yearly taxes for this property stand at $10651.
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Property Details 21 Adelphi St totals 6,737 square feet of Multi-Family space across 4 floors on a lot spanning 0.06 acres. The property was initially built in 1915.
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Area Characteristics 21 Adelphi St is located in the Fort Greene neighborhood. The site that the property is located on is zoned M1-2.
In terms of ease of commuting, the area has a walk score of 95, indicating that it is perfect for walking.
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