23 adelphi street
investment details
Property Type: | Residential Rental Building/8 Units |
Neighborhood: | Fort Greene, Brooklyn |
Updates: | |
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!
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!
Ready to Invest with EGC?
If you ready to invest in one of our future projects or have question about any of our current ones, please contact us below. One of our staff will get back you as soon as possible.
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