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1 Merit Court Brooklyn, NY $ 1,399,000
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$ 1,399,000 Get more info
1 Merit Court
$ 1,399,000
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1 Merit Court

Brooklyn, NY, 11229
$ 1,399,000
Bedrooms-- Baths-- Sq 4,200

Monthly Estimate*

$ 8,614

1 Merit Court, Brooklyn, NY 11229 - Image 1
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Commercial Property for sale in Brooklyn, NY

for $1,399,000. This 4,200 square foot building was built in 1920 on a lot size of 0.219697.

Rare waterfront development opportunity in Gerritsen Beach. Property features approx. 4,200 sf building on an 88 foot waterfront lot with 20 deep-water boat slips that brings in $60,000 income, 19 parking spaces, and has a private gated entry. Currently improved with event hall/marina, full commercial kitchen, indoor bar, patio, 240 amp power, CAC, a tin roof, and steel Navy bulkhead. Zoned R4-1, allowing for multiple two and three family residences or potential boutique condominium development (approx. 9,570 buildable sf, up to over 14,000 sf with community facility). Excellent investment for builders and developers seeking a rare waterfront parcel with strong zoning, long bulkhead life, low property taxes, and multiple exit strategies. Call Today for a private tour.

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Commercial Active

Price

$ 1,399,000

Property Type

Commercial

Taxes

$ 8,882

Style

Residential

Lot Size

0.219697

Year Built

1920

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

496625
Features
Interior
Heating Fuel Gas
Walls Sheet Rock
Flooring Tile
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General
Utilities Electric Gas Heat Parking Sewer
Ceiling Height 11-15 Foot
Roof Flat
current use Special Purpose
Zoning R4-1
Electric 220 V Circuit Breakers
Stories Count 2
Property Type Commercial
Block 8876
Yearly Taxes 8882.00
Transaction Type Sale
Financing Bank Mortgage Cash
Building Type Detached
Status Active
Construction Materials Wood Frame
Cumulative Days on Market 131
MLS Area Gerritsen Beach
Sub Type Residential
Year Built 1920
City Brooklyn
DOM 131
Public Remarks Rare waterfront development opportunity in Gerritsen Beach. Property features approx. 4 200 sf building on an 88 foot waterfront lot with 20 deep-water boat slips that brings in $60 000 income 19 par
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Exterior
Lot Dimensions 112.58 x 85
Foundation Block
Parking Attrib 6+ Spaces Parking Area
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Madisonestates Sothebys Realty

Broker

(646) 921-2241

Phone

Affordability Calculator

$9,354
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,614
Monthly Property Taxes
$740
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
10/15/2025$1,399,000 Listed Price

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1 Merit Court, Brooklyn, NY, 11229 is a Commercial Property for sale at $1,399,000 with 4,200 sqft and a lot size of 0.219697. 1 Merit Court was built in 1920. The property's zip code is 11229 which is in Brooklyn, NY

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