Margalit Soleimani
REALTOR®, e-Pro, CIREC
MLS#993758
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 22
Property 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.
Property Features
Property Type: Commercial -
Basement: Finished, Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.22 Acres
Taxes: $231
Feature Descriptions
Building Area Total: 2100
Business Type: Residential
Exterior: Brick
On Market Date: 2026-05-01
Parcel Number: 08876-2762
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water: Public
Waterfront Features: River Front, Waterfront
Local Schools
School District: Brooklyn 22
Listed By / Shown By
Listing By
Agency Name: Keller Williams NYC
Agency Contact: 212-301-1140
Shown By
Agent Name: Margalit Soleimani
Agent Phone: Cell: (646) 472-6860
Agency Title: Coldwell Banker American Homes
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1 Merit Court | MLS# 993758
This commercial property located at 1 Merit Court, Brooklyn, NY 11229 is currently listed for sale with an asking price of $1,400,000. Merit Court is located within the Brooklyn 22 school district. Search Brooklyn real estate on margalitsoleimani.cbamhomes.com today.