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1 Merit Court Brooklyn, NY 11229
$1,750,000
  • Commercial
  • 4200 SqFt
  • Year Built 1948
  • Retail
  • ML# 3577826

Property Details

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!!!)

Key Facts

  • SqFt: 4200.00
  • Lot Sq Ft: 9569
  • Taxes: $8,836
  • Sale or Rent: Sale
  • Zoning: R4 Amus Pk
  • Block: 8876
  • Lot: 2762

Additional Features

  • Parking Spaces: Yes
  • Parking Spaces: 19
  • Stories: 2
  • Waterfront Desc: Canal Access, Waterfront

Interior & Utilities

  • Heat: Natural Gas

Financial

  • Taxes: $8,836
Listing Information provided courtesy of All Island Estates Realty Corp  516-783-5600
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