Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 Merit Ct Brooklyn, NY 11229

    For Sale
    $1,399,000

    Residential - Brooklyn, NY

    Type:Single Family Residence
    Property size:
    4,200 SF
    Lot size:
    0.22 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 1 Merit Ct

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    R4-1
    Size
    4,200 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1920
    Floors in Building
    2
    Flooring type
    Tile
    Roof type
    Flat
    Architectural style
    Other

    Madison Estates & Properties (718) 645-1665

    Listing agent Charles D'Alessandro (718) 645-1665

    Listing date Oct 15, 2025

    MLS# 496625 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Development Opportunity in Brooklyn

    This property presents a rare waterfront development opportunity in Gerritsen Beach, Brooklyn. It features an approximately 4,200 square foot building situated on an 88-foot waterfront lot. The property includes 20 deep-water boat slips, generating an income of $60,000. Additionally, there are 19 parking spaces and a private gated entry. Currently, the property is improved with an event hall and marina, a full commercial kitchen, an indoor bar, and a patio. It is equipped with 240 amp power, central air conditioning, a tin roof, and a steel Navy bulkhead. The property is zoned R4-1, which allows for multiple two- and three-family residences or a potential boutique condominium development. This zoning permits approximately 9,570 buildable square feet, potentially exceeding 14,000 square feet with a community facility. This 0.219-acre lot offers builders and developers a waterfront parcel with strong zoning and multiple exit strategies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.926588
    Latitude
    40.588043

    Nearby Similar for Sale

    • New
      $2,950,000
      12,000 SF

      Brooklyn Multifamily Portfolio: 16 Units

      Two contiguous buildings with 16 units in Columbia Waterfront District.
      96 Baltic St, Brooklyn, NY 11201
      View Details
    • $2,099,000
      Pending

      Victorian Home in Ditmas Park

      Charming Victorian home, legal 3-family, close to transportation and shopping.
      793 Westminster Rd, Brooklyn, NY 11230
      View Details
    • $4,999,000
      3,060 SF

      Renovated Brownstone in Park Slope

      Impeccably renovated three-family brownstone in prime Park Slope location.
      645 Carroll St, Brooklyn, NY 11215
      View Details
    • New
      $7,250,000
      11,250 SF

      Renovated Commercial Building in Brooklyn

      Versatile commercial space in Bedford-Stuyvesant, ideal for owner-users.
      405 Gates Ave, Brooklyn, NY 11216
      View Details
    • $1,899,000
      2,032 SF

      Brooklyn Multi-Unit Home with Garages

      Large corner property with income potential in Bath Beach.
      8686 Bay 16Th St, Brooklyn, NY 11214
      View Details
    • $1,650,000
      2,048 SF

      Renovated Two-Family Home, Brooklyn

      Newly renovated 2-family in Dyker Heights with rental potential.
      200 Bay 7Th St, Brooklyn, NY 11228
      View Details

    FAQs

    What type of property is this?
    Commercial land - Rare waterfront property with income-producing boat slips and development potential.
    Where is this commercial land located?
    The property is located at 1 Merit Ct Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Rare 88-foot waterfront development opportunity in Gerritsen Beach.; - Zoned R4-1, allowing for multiple two/three family residences or boutique condominium development (approx. 9,570-14,000 buildable sf).; - Includes 20 deep-water boat slips generating $60,000 annual income.
    (718) 645-1665
    Request Owner's contact information
    1 Merit Ct Brooklyn, NY 11229
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Merit Ct
    Brooklyn, NY 11229
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Merit Ct Brooklyn, NY 11229
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.