1 Merit Court, Gerritsen Beach, NY

$1,750,000

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0.22

Acres

About 1 Merit Court

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!!!)

Features of 1 Merit Court

MLS® # 3577826
Price $1,750,000
Bathrooms 0.00
Square Footage 9569
Acres 0.22
Year Built 1948
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 1 Merit Court
City Gerritsen Beach
County Brooklyn
State NY
Zip Code 11229

Amenities

Is Waterfront Yes
Waterfront Canal Access, Waterfront
Has Pool No

Interior

Heating Natural Gas
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Listing Courtesy of All Island Estates Realty Corp
Date Listed September 9th, 2024
Days on Market 56
Zoning R4 Amus Pk
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAll Island Estates Realty Corp

Listing Map

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