1 Merit Court,Brooklyn, NY 11229
Brooklyn, NY 11229
Description
Waterfront opportunities like this don't come twice. Tucked along the serene shores of Gerritsen Beach, 1 Merit Court is a one-of-a-kind 4,200 sq ft marina and event hall sitting on 88 feet of prime deep-water frontage a combination virtually impossible to find anywhere in Brooklyn today. The property arrives fully loaded: 19 deep-water boat slips generating $60,000 in annual income, 19 parking spaces, soaring 17-foot ceilings, a full commercial kitchen, indoor bar, patio, 240-amp power, central air, and a steel Navy bulkhead with 25-30 years of remaining life. A private gated entry completes the picture. But the real story is what this land can become. Zoned R4-1, the site offers approximately 9,570 buildable square feet expandable to over 14,000 sq ft with a community facility opening the door to two and three-family residences or a boutique condominium development steps from the water. Whether you're a developer eyeing a rare waterfront build, an investor drawn to the income stream, or an end-user ready to plant your flag in one of Brooklyn's most unique neighborhoods this property checks every box. Low property taxes, strong zoning, and multiple exit strategies make the math easy. Opportunities like this don't wait. Call and schedule a private tour! **The information provided is deemed reliable but not guaranteed, including square footage, dimensions, zoning, income figures etc. All data should be independently verified. Keller Williams NYC assumes no liability for errors or omissions. Prospective buyers and investors are encouraged to consult their own legal, financial, and zoning professionals prior to making any decisions.
Details
| MLS # | 993758 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 122 |
| Listing Provided By | Keller Williams NYC | Klevis Metani |
Features
| SQ Feet | 2,100 |
|---|---|
| Basement | Y |
| Zoning | R4 |
| Acreage | 0.22 |
| Water Front | Yes |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Electric |
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 89100 |
| Tax Annual Amount | 231.8 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11229 |
| Listing VS Median (in 11229) | |
Price: $1,100,000 low | high Med: $549,500 sqft: 2,100 low | high Med: 970 $ / sqft: $524 low | high Med: $693 On site: 122 low | high Med: 105.5 | |
Market Activity 11229
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11229 |
| Listing VS Median (in 11229) | |
Price: $1,100,000 low | high Med: $549,500 sqft: 2,100 low | high Med: 970 $ / sqft: $524 low | high Med: $693 On site: 122 low | high Med: 105.5 | |