1 Merit Ct - Marinas FOR SALE


Brooklyn, NY 11229
$1,750,000 USD
516-279-8828
1 Merit Ct, Brooklyn, NY for Sale
$1,750,000 USD
Marinas - FOR SALE
1/25
null | 10.13% Cap Rate

1 Merit Ct
Brooklyn, NY 11229


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!!!

OVERVIEW

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 Feet Of Waterfront, Strong R4-1 Zoning, Steel Navy Bulkhead, Private Gated Lot, Indoor Bar, Patio Area, Strategically Placed Curb Cut, 240 Amp Power, Low Property Taxes, Full Commercial Kitchen, Tin Roof, All New LED Lighting, CAC, +++!!! 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!!! Income: 19 Boat Slips: $60,000 Ann. ($105 Per Foot) 2nd Floor Catering Hall: $72,000 Ann. (Available) 1st Floor Commercial Kitchen: $60,000 Ann. (Available) Pro Forma Gross Income: $192,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $1,138 Ann. Insurance: $3,823 Ann. Snow & Landscape: $0 Ann. Water & Sewer: $1,000 Ann. Trash: $0 Ann. Taxes: $8,836 Ann. Total Expenses: $14,797 Ann. Pro Forma Net Operating Income (NOI): $177,203 Ann. (10.13 Cap!!!)

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

10.13%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R4-1

APN/PARCEL ID

08876-2762

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.