23 adelphi street

investment details

Property Type: Residential Rental Building/8 Units
Neighborhood: Fort Greene, Brooklyn 
Completion Date:

investment overview

23 Adelphi St is an 8 units multi family residential building in the sought-after neighborhood of Fort Greene. Long home to a diverse group of professionals, artists and working-class New Yorkers, Brooklyn’s Fort Greene attracts visitors with its hilly namesake park, lively culture and dining and brownstone-lined streets.
The building is in great shape and very well maintained, consisting of large 2 br apartments, of which 5 apartments are Free Market with great up-side potential of increasing rents by modernizing the apartments, and 3 are rent stabilized apartments. 
Beside the Prime location it’s positioned in and its room for rent increases, we managed to lock the price at a much well below market. The building generates a strong income of 6.5% Cap from day one!



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