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1 Merit Ct
Brooklyn, NY 11229

$1,750,000 USD

Marina For Sale  •  4,200 SF

Property Details

  • Property Type Marina
  • Total Building Size 4,200 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1920
  • Cap Rate 10.13 %
  • Zoning R4-1
59 Transit Score
51 Walk Score

Highlights

Calling All Investors, Developers & End-Users!!! 4,200 Sqft. Marina/Hall With 19 Boat Slips In Gerritsen Beach For Sale!!!
The Property Features High 17’ Ceilings, 19 Deep Water Boat Slips, 19 Parking Spaces, 88' Of Waterfront, Strong R4-1 Zoning, Steel Navy Bulkhead, +++!
According To A Recent Building Inspection The Steel Navy Bulkhead Has Another 25-30 Years Left Of Life!!!
The Property Is Located In The Heart Of Gerritsen Beach Near The Gerritsen Inlet Bridge & Mau Mau Island!!!
Neighbors Include The Home Depot, Public Storage, Dunkin’, Cold Stone Creamery, T.J. Maxx, Tim Hortons, Aldi, +++!!!
This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Financial Summary (Proforma)

Net Operating Income: $177,203 USD (2024)
Cap Rate: 10.13 %
Total Expenses: $14,797 USD

Amenities

  • Bus Line
  • Waterfront
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 15 min - 7.7 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 20 min - 8.5 mi
AirportDriveWalkDistance
John F Kennedy International 24 min - 14.9 mi
Laguardia 35 min - 16.0 mi
Newark Liberty International 43 min - 24.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial