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MANHASSET LONG ISLAND NEW YORK
516.627.4422
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  • 1 Merit Court, Brooklyn, NY, 11229

    $1,750,000

    Retail Commercial, Sq. Ft. 4200  

    ML# :3577826   Calling All Investors, Developers & End-Users!!! 4, 200 Sqft. Marina/Hall With 19 Boat Slips In Gerritsen Beach For Sale!!!The Property Features High 17’ Ceilings, 19 Deep Water Boat Slips, 19 Parking Spaces, 88 Feet Of Waterfront, Strong R4-1 Zoning, Steel Navy Bulkhead, Private Gated Lot, Indoor Bar, Patio Area, Strategically Placed Curb Cut, 240 Amp Power, Low Property Taxes, Full Commercial Kitchen, Tin Roof, All New LED Lighting, CAC, +++!!! According To A Recent Building Inspection The Steel Navy Bulkhead Has Another 25-30 Years Left Of Life!!! The Property Is Located In The Heart Of Gerritsen Beach Near The Gerritsen Inlet Bridge & Mau Mau Island!!! Neighbors Include The Home Depot, Public Storage, Dunkin’, Cold Stone Creamery, T.J. Maxx, Tim Hortons, Aldi, +++!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 19 Boat Slips: $60, 000 Ann. ($105 Per Foot) 2nd Floor Catering Hall: $72, 000 Ann. (Available) 1st Floor Commercial Kitchen: $60, 000 Ann. (Available) Pro Forma Gross Income: $192, 000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $1, 138 Ann. Insurance: $3, 823 Ann. Snow & Landscape: $0 Ann. Water & Sewer: $1, 000 Ann. Trash: $0 Ann. Taxes: $8, 836 Ann. Total Expenses: $14, 797 Ann. Pro Forma Net Operating Income (NOI): $177, 203 Ann. (10.13 Cap!!!)

    1 Merit Court, Brooklyn, NY, 11229

    MLS
    Call Today: 516.627.4422, or  Email: Spruce Realty Company
    Presented by: All Island Estates Realty Corp  516-783-5600
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Spruce Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
127 Plandome Road
MANHASSET LONG ISLAND NEW YORK
516.627.4422
ESTABLISHED IN 1946
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