Apartment Building Near
For Sale
$3,350,000
21 Adelphi St, Brooklyn, NY 11205
Apartment building on Adelphi Street in Fort Greene, with a reported 10,000 daily pedestrians and direct access to multiple subway lines.
Property Size6,737 SF
Days on Market111
Property Features for 21 Adelphi St
General Information
Standard status
Active
Size
6,737 SF
Property subtype
Multi-Family
Zoning
M1-2
Taxes and HOA fees
Annual Taxes
$10,651
Building Details
Building Size
6,737 SF
Year Built
1915
Stories
4
Units
8
Listing Agency:
Ariel Property Advisors
Listed By:
Stephen Vorvolakos · License #10401268778
(212) 544-9500
Source:
Commercialcafe
Added: Jun 17
Changed: Sep 30
Last Checked: Oct 4 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ariel Property Advisors
Investment Insights
Based on property information with market context.
21 Adelphi Street is an apartment building located in Fort Greene, positioned along a retail corridor that receives an estimated 10,000 pedestrians daily. The property benefits from its placement between residential blocks and commercial streets, supporting a steady level of surrounding activity.
The address is centrally located near the Clinton–Washington Ave, Nevins St, DeKalb Ave, and Lafayette Ave subway stations, with direct access to the A, C, B, D, G, N, Q, R, 2, 3, 4, and 5 lines for connectivity throughout New York City’s boroughs.
For buyers seeking a residential income asset with strong transit access and consistent foot traffic from the surrounding retail environment, 21 Adelphi Street offers a straightforward option in a highly serviced area of Brooklyn.
The address is centrally located near the Clinton–Washington Ave, Nevins St, DeKalb Ave, and Lafayette Ave subway stations, with direct access to the A, C, B, D, G, N, Q, R, 2, 3, 4, and 5 lines for connectivity throughout New York City’s boroughs.
For buyers seeking a residential income asset with strong transit access and consistent foot traffic from the surrounding retail environment, 21 Adelphi Street offers a straightforward option in a highly serviced area of Brooklyn.
Key Highlights
- Year built: 1900
- Apartment building on Adelphi Street in Fort Greene
- Reported 10,000 daily pedestrians along the nearby retail corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,674
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,113,480
$4.1M
Cap Rate 7%
$2,938,200
$2.9M
Cap Rate 9%
$2,285,267
$2.3M
Market Conditions
NOI Build-Up for 6,737 SF
Gross rent
$381.6K $56.64/SF
− Vacancy
−$7.6K −$1.13/SF
EGI
$374.0K $55.51/SF
− OpEx
−$168.3K −$24.98/SF
NOI
$205.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,113,480
Cap Rate 7%
$2,938,200
Cap Rate 9%
$2,285,267
Alternative Uses
Best Use
Apartment 5plus
$2.94M
$2.57M – $3.43M
NOI $205,674 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.51M
NOI $390,477 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 11205, NY
50,474
Population
19,200
Households
2.6
Avg Household Size
30
Median Age
52%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
42,062
Density / Sq Mi
$86,753
Median Household Income
$59,901
Median Earnings
$2,307
Median Rent
$892,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building on Adelphi Street in Fort Greene, with a reported 10,000 daily pedestrians and direct access to multiple subway lines.
Where is this apartment building located?
The property is located at 21 Adelphi St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Year built: 1900; Apartment building on Adelphi Street in Fort Greene; Reported 10,000 daily pedestrians along the nearby retail corridor
