Updated Oct 27, 2026
Townhouse Rental II LLC Acquires Brooklyn Multifamily Property From Greg Fournier For $6.6M
175 Adelphi Street
$6,600,000
$1,929/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Oct 21, 2026
About this deal
AI
A 3,420-square-foot multifamily property located at 175 Adelphi Street in Brooklyn has been sold for $6.6 million. The transaction reflects a premium rate of $1,930 per square foot in the Brooklyn residential market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,600,000
- Address: 175 Adelphi Street
- Market: Brooklyn
- Square Footage: 3,420
- Price per Square Foot: $1,930
- Buyer: Townhouse Rental II LLC
- Seller: Greg Fournier - Greenbrook Partners
The transaction involved Townhouse Rental II LLC acquiring the property from Greg Fournier, who is associated with Greenbrook Partners. This deal showcases the active involvement of key players in the multifamily real estate sector within Brooklyn.
On the Map
$6,600,000
$1,929/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93