75% Free Market Multifamily Building in Fort Greene

For Sale

21 Adelphi St, Brooklyn, NY 11205

This Brooklyn property for sale is located at 21 Adelphi St. The current listed sale price for 75% Free Market Multifamily Building in Fort Greene is $3,700,000. 75% Free Market Multifamily Building in Fort Greene is situated on a lot that is 0.06 acre in size.

Contacts

Luke Rizzo

Ariel Property Advisors

Sean R. Kelly

Ariel Property Advisors

Stephen Vorvolakos

Ariel Property Advisors

Nicole Daniggelis

Ariel Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 6,737 SF
  • Units 8
  • Lot Size 0.06 Acre
  • Cap Rate % 6.45
  • Taxes / YR $10,651.00
  • Zoning M1-2
  • Year Built 1915
  • Date Updated Jun 5, 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

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Attachments

Getting around

  • 95/100

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  • 100/100

    Transit Score ®

  • 93/100

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Location

  • City Brooklyn, NY
  • Neighborhood Fort Greene
  • Zip Code 11205
  • Market Brooklyn

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

  • Casa Blanca Hotel

    0.09 miles

  • Hampton

    0.62 miles

  • The Tillary Hotel

    0.64 miles

  • Condor Hotel

    0.70 miles

  • Hotel Indigo

    0.74 miles

  • Aloft - W Hotel

    0.75 miles

  • Sheraton Brooklyn

    0.76 miles

  • EVEN Hotel

    0.83 miles

  • New York Marriott at the Brooklyn Bridge

    0.86 miles

  • Holiday Inn Brooklyn Downtown

    0.86 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

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