Water Front Luxury Realty

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$1,650,000
273 Days On Site

1 Merit Court
Brooklyn, NY 11229

For Sale|Retail|Active
0
Beds
0
Total Baths
4,200
SqFt
$393
/SqFt
1948
Built
County:
Kings (Brooklyn)
Listing courtesy of All Island Estates Realty Corp matthewshane8828@gmail.com

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987-456-3210
1 Merit Court1 Merit Court1 Merit Court1 Merit Court
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Monthly Payment (Est.)

$7,528
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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. (10.74 Cap!!!)

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Listing Snapshot
Price 
$1,650,000
Days On Site 
273 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,200 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
9,569 Acres
Year Built 
1948
MLS® Number 
L3577826
Status 
Active
Property Tax 
$8,836
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoPrice changed to $1,650,000
2 months agoListing updated with changes from the MLS®
9 months agoListing first seen on site
General Features
Cross Street 
Just Ct
Number Of Stories 
2
Parking Spaces 
19
Property Sub Type 
Retail
SqFt Total 
4200
Interior Features
Heating 
Natural Gas
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Exterior Features
Lot Features 
Waterfront
Waterfront Features 
Canal AccessWaterfront
Listing courtesy of All Island Estates Realty Corp matthewshane8828@gmail.com


Based on information submitted to the MLS GRID as of 2025-06-09 08:01 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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REACH MICHELLE MADTES!


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