Apartment Building Near
21 Adelphi Street Brooklyn, NY 11205
For Sale
Contact for pricing
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
Price / SF$549.21
Days on Market53
Property Features for 21 Adelphi Street
General Information
Standard status
Active
Size
6,737 SF
Property subtype
Multifamily
Building Details
Year Built
1900
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Sean R. Kelly, Esq. · License #NY 10301203478
Source:
Crexi
Added: Jun 6
Changed: Jul 22
Last Checked: Jul 27 at 10:12AM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $381.6k | $56.64 |
| − Vacancy | −$7.6k | −$1.13 |
| EGI | $374.0k | $55.51 |
| − OpEx | −$168.3k | −$24.98 |
| NOI | $205.7k | $30.53 |
6,737 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.94M
$2.57M – $3.43M
NOI $205,674 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.51M
NOI $390,477 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,700,000.
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
