1 Merit Ct, Brooklyn, NY 11229
This exceptional investment opportunity presents a 2,100 square foot special purpose commercial property located at 1 Merit Court in Brooklyn, New York, zip code 11229. Situated on a 9,520 square foot lot, this property boasts a stunning waterfront marina location. The building itself is exceptionally well-maintained, described as spacious and clean. The marina features multiple docks in excellent condition, each equipped with readily available electricity and water hookups. The high ceilings, ranging from 11 to 15 feet, offer ample space and versatility. The asking price for this unique property is $1,999,999. This presents a rare chance to acquire a turnkey waterfront commercial property with significant potential for various uses, ideal for those seeking a lucrative investment in a desirable Brooklyn location. The property is categorized as Commercial, Other, and is ready for immediate use or further development. Its prime location and excellent condition make it a highly attractive investment opportunity. The Kings County location offers easy access to various transportation routes and amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.