159 Brg Park Dr Brooklyn, NY 11201
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.
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
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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.