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!!!)