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Property profile & analytics
OFF-MARKET
Specialty properties

159 Brg Park Dr Brooklyn, NY 11201

Property ID
Property summary
AI-generated overview

This exceptional 7.5-acre marina, located at Pier 5 in Brooklyn Bridge Park at 159 Bridge Park Drive, Brooklyn, NY 11201, presents a unique investment opportunity. Boasting over 100 slips capable of accommodating vessels up to 300 feet, it offers unparalleled access to New York Harbor. The property includes a thriving sail club and school with over 150 members and a modern fleet. On-site amenities include a bakery, grab-and-go, and a full-service restaurant and bar with indoor seating for 130 and outdoor seating for 80. This distressed property is being auctioned, with a minimum bid of $2,400,000. Qualifying bids are due December 2nd, with the auction taking place on December 4th. The property's occupancy date is December 20, 2024. This is a special purpose property classified as a marina.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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