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  • 1 Merit Court Brooklyn, NY 11229
    $1,750,000
    Sq. Ft. 4200.00:#
    Retail Commercial ML# 3577826
    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!!!)
    Presented By: All Island Estates Realty Corp  516-783-5600
    Call Today: (718) 894-5000, or  Email: Macaluso Realty
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Macaluso Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.