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1 Merit Ct Brooklyn, NY 11229

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For Sale
$1,399,000

Waterfront property with development potential, existing income, and marina.

Lot size:
0.22 Acres

Property Features for 1 Merit Ct

General Information

Property type
Commercial
Standard status
Active
Lot size
0.22 Acres

Building Details

Year built
1920

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Listing Contact
Charles D'Alessandro
Source: Elliman

Listing Agency: Madison Estates & Properties Listing Agent: Charles D'Alessandro

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Waterfront Development Opportunity in Brooklyn

This property presents a waterfront development opportunity in Gerritsen Beach. It includes an approximately 4,200 square foot building situated on an 88-foot waterfront lot. The property features 20 deep-water boat slips, which generate an income of $60,000. Additionally, there are 19 parking spaces and a private gated entry. The existing improvements consist of an event hall and marina, a full commercial kitchen, an indoor bar, and a patio. It is equipped with 240 amp power and central air conditioning. The building has a tin roof and a steel Navy bulkhead. Zoned R4-1, the property allows for the construction of multiple two- and three-family residences or a boutique condominium development, with approximately 9,570 buildable square feet, potentially exceeding 14,000 square feet with a community facility. This property is suitable for builders and developers seeking a waterfront parcel with favorable zoning and a long bulkhead life.
Location Intelligence

Current Use by Public Records

Waterfront Land

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

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City
Brooklyn
County
Kings
State
New York
Longitude
-73.926588
Latitude
40.588043

FAQs

What type of property is this?
Waterfront Land - Waterfront property with development potential, existing income, and marina.
Where is this waterfront 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 lot in Gerritsen Beach; - 20 deep-water boat slips generating $60,000 annual income; - R4-1 zoning allows for multi-family residences or condominium development (9,570 - 14,000+ buildable sf)
More about this property
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