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21 Adelphi St
Brooklyn, NY 11205
Multifamily Property For Sale
·
8 Units


INVESTMENT HIGHLIGHTS
- Fully Occupied
- Free-Market
- Value Add
EXECUTIVE SUMMARY
Invictus Property Advisors is pleased to present the exclusive offering of 21 Adelphi Street, an eight (8) unit multifamily building located in the heart of Fort Greene, Brooklyn.
Property Overview
21 Adelphi Street is a well-maintained 8-unit multifamily building featuring a distinctive layout. The ground floor units are duplexed into a fully finished basement, significantly enhancing the usable living space. In total, the property contains 16 bedrooms and 12 bathrooms. The basement also includes common laundry facilities, adding convenience for tenants and generating supplemental income for ownership.
Of the eight residential units, six are free market (deregulated through high-rent vacancy decontrol), one is rent stabilized, and one is rent controlled. The building has been fully converted to electric, with ownership currently providing heat and hot water only to units 3L and 4L. All units are currently occupied.
Location
Situated in the highly sought-after Fort Greene neighborhood, the property benefits from a location known for its tree-lined streets, historic brownstones, and cultural landmarks. Residents enjoy close proximity to Fort Greene Park, the Brooklyn Academy of Music (BAM), and a wide range of shopping, dining, and entertainment options. The area’s blend of charm and convenience makes it attractive to a diverse tenant base, supporting long-term rental demand.
Transportation Access
21 Adelphi Street offers excellent access to public transportation. The DeKalb Avenue subway station (B, Q, R lines) and the Fulton Street station (G line) are both within approximately 20 minutes walking distance, providing direct access to Manhattan and other parts of Brooklyn. The property’s connectivity and central location make it ideal for commuters and professionals alike.
Property Overview
21 Adelphi Street is a well-maintained 8-unit multifamily building featuring a distinctive layout. The ground floor units are duplexed into a fully finished basement, significantly enhancing the usable living space. In total, the property contains 16 bedrooms and 12 bathrooms. The basement also includes common laundry facilities, adding convenience for tenants and generating supplemental income for ownership.
Of the eight residential units, six are free market (deregulated through high-rent vacancy decontrol), one is rent stabilized, and one is rent controlled. The building has been fully converted to electric, with ownership currently providing heat and hot water only to units 3L and 4L. All units are currently occupied.
Location
Situated in the highly sought-after Fort Greene neighborhood, the property benefits from a location known for its tree-lined streets, historic brownstones, and cultural landmarks. Residents enjoy close proximity to Fort Greene Park, the Brooklyn Academy of Music (BAM), and a wide range of shopping, dining, and entertainment options. The area’s blend of charm and convenience makes it attractive to a diverse tenant base, supporting long-term rental demand.
Transportation Access
21 Adelphi Street offers excellent access to public transportation. The DeKalb Avenue subway station (B, Q, R lines) and the Fulton Street station (G line) are both within approximately 20 minutes walking distance, providing direct access to Manhattan and other parts of Brooklyn. The property’s connectivity and central location make it ideal for commuters and professionals alike.
PROPERTY FACTS
| Price Per Unit | $589,661 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.02% | Building Size | 5,500 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1915 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | M1-2 | ||
| Price Per Unit | $589,661 CAD |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
| Zoning | M1-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 02032-0014 | Improvements Assessment | $955,096 CAD |
| Land Assessment | $10,536 CAD | Total Assessment | $965,632 CAD |
PROPERTY TAXES
Parcel Number
02032-0014
Land Assessment
$10,536 CAD
Improvements Assessment
$955,096 CAD
Total Assessment
$965,632 CAD
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