24
See all 24 photos
$1,750,000
Est. payment /mo
Active
1 Merit CT Brooklyn, NY 11229
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UPDATED:
12/04/2024 10:14 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3577826
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1948
Annual Tax Amount $8,836
Lot Dimensions 112.58x85
Property Sub-Type Retail
Property Description
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!!!)
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas
Fireplace No
Exterior
Waterfront Description Canal Access,Waterfront
Total Parking Spaces 19
Private Pool No
Building
Story 2
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp