About 1 Merit
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.
Features of 1 Merit
| MLS® # | 496625 |
|---|---|
| Price | $1,399,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,200 |
| Year Built | 1920 |
| Type | Commercial |
| Sub-Type | Residential |
| Status | Active |
Community Information
| Address | 1 Merit |
|---|---|
| Area | Gerritsen Beach |
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | New York |
| Zip Code | 11229 |
Amenities
| Utilities | Electric, Gas, Heat, Sewer, Parking |
|---|---|
| Is Waterfront | Yes |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Interior Features | Restrooms - Staff |
| Heating | Baseboard |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Finished, Full, Storage, Usable |
Exterior
| Exterior Features | Fence - Full |
|---|---|
| Lot Description | 112.58 x 85 |
| Roof | Flat |
| Construction | Wood Frame |
| Foundation | Block |
Additional Information
| Date Listed | October 15th, 2025 |
|---|---|
| Zoning | R4-1 |
| Tax | $8,882 |