Gerritsen Beach Marina with Boat
1 Merit Court, Brooklyn, NY 11229
4,200 SF marina with 19 boat slips for sale.
Type:Commercial/Industrial
Property size:
4,200 SFPrice / SF:
$416/SF- Added:
- Mar 12, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 6 at 3:49 am
Property Features for 1 Merit Court
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1948
Listing agent Richard Matt Shane License #10301216230
Listing office All Island Estates Realty Corp (516) 783-5600
Listing date Mar 12, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of All Island Estates Realty Corp
HighLights
- High Income Potential: Pro Forma NOI of $177,203 Annually with a 10.13 Cap Rate.
- Waterfront Property: Enjoy 88 Feet of Waterfront with 19 Deep Water Boat Slips.
- Development/Business Opportunity: 4,200 Sqft Marina/Hall with Strong R4‑1 Zoning.
- Valuable Infrastructure: Benefit from a Steel Navy Bulkhead with 25‑30 Years of Life Remaining.
- Prime Location: Located in the Heart of Gerritsen Beach, near Major Retailers.
- Essential Amenities: Includes 19 Parking Spaces, Indoor Bar, Patio, Full Commercial Kitchen, and New LED Lighting.
Overview
This 4,200 sqft marina/hall is available for sale in Gerritsen Beach. The property includes 19 deep water boat slips and 19 parking spaces. It features high 17' ceilings, 88 feet of waterfront, a steel navy bulkhead, a private gated lot, an indoor bar, and a patio area. The property also has a strategically placed curb cut and 240 amp power. Additional features include a full commercial kitchen, tin roof, all new LED lighting, and CAC. The property is located in the heart of Gerritsen Beach near the Gerritsen Inlet Bridge & Mau Mau Island. According to a recent building inspection, the steel navy bulkhead has another 25-30 years left of life. The property has strong R4-1 zoning. Potential uses include development or business operations. The property has an income from 19 boat slips: $60,000 annually ($105 per foot). The 2nd floor catering hall: $72,000 annually (available). The 1st floor commercial kitchen: $60,000 annually (available). Pro Forma Gross Income: $192,000 annually. Total Expenses: $14,797 annually. Pro Forma Net Operating Income (NOI): $177,203 annually. (10.13 Cap!!!)
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Marinas
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9266
- Latitude
- 40.588
Nearby Similar for Sale
FAQs
What type of property is this?
Marina - 4,200 SF marina with 19 boat slips for sale.
Where is this marina located?
The property is located at 1 Merit Court Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High Income Potential: Pro Forma NOI of $177,203 Annually with a 10.13 Cap Rate.; Waterfront Property: Enjoy 88 Feet of Waterfront with 19 Deep Water Boat Slips.; Development/Business Opportunity: 4,200 Sqft Marina/Hall with Strong R4‑1 Zoning.
