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 |
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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 |
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City | Gerritsen Beach |
County | Brooklyn |
State | NY |
Zip Code | 11229 |
Amenities
Is Waterfront | Yes |
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Waterfront | Canal Access, Waterfront |
Has Pool | No |
Interior
Heating | Natural Gas |
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Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Additional Information
Listing Courtesy of | All Island Estates Realty Corp |
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Date Listed | September 9th, 2024 |
Days on Market | 56 |
Zoning | R4 Amus Pk |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | All Island Estates Realty Corp |
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