Eric Adams House stands as one of New York City’s most talked-about political residences. The 110th Mayor of New York City calls the historic Gracie Mansion home—a property valued between $125 million and $200 million. But his real estate story includes a controversial Brooklyn brownstone and raised questions during his 2021 mayoral campaign. His journey from a Bedford-Stuyvesant property owner to occupying one of America’s most prestigious mayoral residences tells a story about ambition, public service, and New York City politics.
Who is Eric Adams?
Eric Adams serves as the 110th Mayor of New York City since January 2022. Born September 1, 1960, in Brownsville, Brooklyn, Adams rose from poverty to become one of the city’s most prominent political figures. He spent 22 years with the New York Police Department, retiring at the rank of captain. Before becoming mayor, he served as Brooklyn Borough President from 2014 to 2021 and as a New York State Senator from 2006 to 2013.
Adams’ net worth stands at approximately $2.5 million after accounting for legal expenses, with real estate assets totaling $3.5 million. His property portfolio includes a Brooklyn brownstone valued at roughly $2 million, plus additional holdings. He receives two pensions totaling around $9,000-$10,000 monthly from his years in law enforcement. Adams earns $260,000 annually as mayor. He doesn’t own luxury cars like many politicians, private jets, or yachts. His focus remains on public service rather than flashy displays of wealth.
| Category | Details |
|---|---|
| Full Name | Eric Leroy Adams |
| Date of Birth | September 1, 1960 |
| Place of Birth | Brownsville, Brooklyn, New York |
| Current Position | 110th Mayor of New York City |
| Net Worth | $2.5 million (Forbes estimate) |
| Annual Salary | $260,000 |
Where Does Eric Adams Live Now?
Eric Adams and his family have lived in Gracie Mansion after he won the 2021 election. The historic property sits in Carl Schurz Park on Manhattan’s Upper East Side at East End Avenue and 88th Street. Adams initially suggested he might split time between Gracie Mansion and his Brooklyn home, then said he would bring only his mattress to the mansion without redecorating it.
Built in 1799, Gracie Mansion is the official residence of the mayor of New York City. The federal-style mansion overlooks Hell Gate in the East River. Real estate experts estimated in 2008 that the property could auction for $250 million, while Vanity Fair magazine wrote in 2014 that the house and site were worth an estimated $125 million to $200 million.
Adams maintains ownership of his Bedford-Stuyvesant brownstone even while residing at Gracie Mansion. The house continues to be rented out for events such as weddings. Adams claims the mansion is haunted and has repeated allegations about sounds of doors opening and closing by themselves, creaks from wooden floorboards, and whispers from Archibald Gracie’s daughter.
Eric Adams House
Eric Adams House in Brooklyn became a flashpoint during his mayoral campaign. The Bedford-Stuyvesant property sparked intense scrutiny about where the candidate actually lived. Reporters questioned whether he resided in the Brooklyn basement apartment or commuted from New Jersey. The controversy dominated news cycles and nearly derailed his political ambitions.
1. Where Is Eric Adams House?
Eric Adams owns a four-unit brownstone at 936 Lafayette Avenue in Bedford-Stuyvesant, Brooklyn. Adams purchased the Lafayette Avenue building from the federal government for $361,000 in 2003 when he was an NYPD captain. The property sits in one of Brooklyn’s most historic neighborhoods, known for its classic brownstone architecture.
Adams told reporters he moved to Bedford-Stuyvesant 20 years ago, saying “No matter how modest it is, it’s my home”. His son Jordan Coleman, 25, also stays in the garden apartment when not sleeping in another unit on the fourth floor or at his main home in New Jersey.
During the 2021 campaign, questions arose about Adams’ residency. An analysis by Politico examined Adams’ various homes, offices, midnight Borough Hall visits and mysterious whereabouts, fueling speculation that he really lived in Fort Lee, New Jersey, where he owns a condo with his partner. In response, Adams gave reporters a tour of his Bedford-Stuyvesant brownstone, inviting the press into his home to prove he lived in New York City.
Neighbors expressed surprise about Adams owning the Lafayette Avenue property. One resident who lives nearby said “I’ve never seen him. I live here, and I walk down this street every day, and I’ve never seen him”. The residency controversy became so intense that opponents demanded he release toll records to prove he wasn’t regularly traveling from New Jersey.
2. Features of Eric Adams House
Eric Adams house in Brooklyn is a classic example of the borough’s iconic brownstone architecture, typical of the Bedford-Stuyvesant neighborhood. These historic homes are known for their distinctive facades, constructed from brick or stone, often featuring large bay windows, ornate cornices, and a prominent stoop leading to the entrance.
The four-unit building includes a garden apartment where Adams claims to reside. Inside the ground-floor unit, African art and memorabilia from his career in policing and politics adorn exposed brick walls. The property features multiple rental units that generate income.
Amended tax documents Adams released after the election show he collected $36,000 in rental income annually and spent around the same amount on repairs, utilities and other expenses, allowing him to claim zero rental income. The building faces ongoing maintenance issues. Adams has received five rodent violations at his property since he took office in 2022.
The Bedford-Stuyvesant neighborhood underwent significant gentrification since Adams purchased the property. Adams noted while standing in the living room that turnover on his block is “incredible,” saying “This is one of the most gentrified areas. The people to the left of me are new, the people to the right of me are new”.
Eric Adams Real Estate Portfolio
Eric Adams built his real estate holdings through decades of public service and careful investments. His portfolio reflects a middle-class approach to property ownership rather than flashy luxury estates.
Bedford-Stuyvesant Brownstone
Adams purchased 936 Lafayette Avenue in Bedford-Stuyvesant from the federal government for $361,000 in 2003. The four-unit property served as his primary residence before becoming mayor. He rents three units while claiming to occupy the ground-floor apartment. The property’s current value is estimated around $2 million based on Bedford-Stuyvesant market rates.
Fort Lee, New Jersey Co-Op
Adams co-owns an apartment with his girlfriend, Tracey Collins, in Fort Lee, New Jersey. The two-bedroom co-op became central to his residency controversy during the mayoral campaign. The Fort Lee property is valued between $550,000 and $1.1 million. Adams insisted he only occasionally stayed there and that it primarily served as his girlfriend’s residence.
Prospect Heights Apartment
A co-op in Prospect Heights listed under Adams’ name in public records was purchased years ago with a former girlfriend, but Adams has since sold his stake back to her. This property no longer belongs to his portfolio.
Gracie Mansion (Official Residence)
Gracie Mansion consists of the original two-story house built in 1799 and an annex built in 1966. The original house is a New York City designated landmark and is listed on the National Register of Historic Places. While Adams doesn’t own this property—it belongs to the New York City Department of Parks and Recreation—he lives there as the city’s official mayor.
The facade is composed of clapboard panels with shutters. The original mansion’s first floor includes parlors, a dining room, a kitchen, and a library; the annex also includes a ballroom and reception rooms. The mansion sits on 11 acres in Carl Schurz Park with stunning views of the East River and Hell Gate.
On September 26, 2024, federal agents executed a search warrant at Gracie Mansion, a few hours before Adams was indicted on federal charges of bribery, fraud, and illicit solicitation of foreign campaign donations. On February 10, 2025, the Department of Justice under President Trump instructed federal prosecutors to drop charges against Adams. Adams’s indictment was dismissed with prejudice by judge Dale Ho on April 2, 2025.
South Jamaica, Queens (Childhood Home)
By 1968, Adams’ mother managed to save enough money to buy a house and move the family to South Jamaica, Queens. This represented his family’s first property ownership after years of poverty in Bushwick, Brooklyn. Adams no longer owns this property.
Conclusion
Eric Adams House represents more than real estate—it symbolizes a journey from poverty to power. His $361,000 Brooklyn brownstone purchase in 2003 grew into a multi-million dollar asset as Bedford-Stuyvesant gentrified. Now he occupies Gracie Mansion, a $125-200 million historic property that comes with the mayor’s office. His real estate portfolio, valued at $3.5 million total, includes the Bedford-Stuyvesant brownstone and a Fort Lee co-op. While modest compared to billionaire politicians, Adams built his wealth through public service, real estate investments, and two NYPD pensions.
His residency controversy during the 2021 campaign showed how deeply New Yorkers care about where their leaders actually live. Today, Adams calls both Brooklyn and Gracie Mansion home—a politician who rose from the projects to the city’s most prestigious address.