2 Floral Ct - Marinas FOR SALE


Mastic Beach, NY 11951
$1,288,000 USD
516-279-8828
2 Floral Ct, Mastic Beach, NY for Sale
$1,288,000 USD
Marinas - FOR SALE
1/2
null | 21.11% Cap Rate

2 Floral Ct
Mastic Beach, NY 11951


HIGHLIGHTS

  • Waterfront Development

OVERVIEW

2.07 Acre Successful Bayfront Marina For Sale With 600' Of Waterfront, 42 Boats Slips, 3 Bedroom Bayfront House, 5,000 Sqft. Workshop, Dry Winter Storage For 100+ Boats, +++!!! The Property Is Zoned Waterfront Development/ J-2. This Property-Business Combination Offers Excellent Net Profit ($271,863) & Ample Upside Potential. Some Additional Items Included In The Sale: 2 Travel Lifts, Bobcat, Forklift, Many Tools, +++!!! New LED Lighting Has Been Installed Around The Marina. The Sunrises & Sunsets At This Location Are Honestly Breathtaking. The 3 Bedroom House Features A Beautiful Eat In Kitchen, A Formal Dining Room, A Large Den, A Great Room, +++! Every Room In The House Has A Stunning Waterfront View! The Property Also Has A Marine Supply Store, Multiple Workshops, Canvass Shop, Tetherball Court, Volleyball Court, A Few KOI Ponds, Ample Parking, Gazebo, +++! This Marina Has Been Operating Successfully For Over 49 Years!!! This Is Also An Incredible Redevelopment Opportunity!!! Income: 42 Wet Boats Slips: $75,000 Winter Storage: $100,000 Motorwork: $80,000 Canvass Work: $50,000 3 Bedroom Bayfront House: $28,800 (Available For New Owner) Gross Income: $333,800 Expenses: Oil: $1,000 Electric: $4,500 Maintenance & Repairs: $15,000 Insurance: $6,000 Taxes: $21,687 Additional Village Taxes: $0 Water: $750 Garbage: $3,000 Miscellaneous: $10,000 Total Expense: $61,937

FOR SALE DETAILS

PRICE

$1,288,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

21.11%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stiriz Marine Center

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Shipyard

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

J-2

APN/PARCEL ID

0200-983-40-18-00-015-001,0200-983-40-18-00-023-001

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.