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25 Lacon Ct - 25 Lacon Court, Gerritsen Beach, NY 11229 650 SF Specialty Building Offered at $3,375,000 at a 25% Cap Rate in Brooklyn, NY 11229
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! HUGE 1+ Acre Waterfront Development Site With C3A Zoning In Gerritsen Beach For Sale!!!
- The Property Is Located In The Heart Of Gerritsen Beach Near The Gerritsen Inlet Bridge & Mau Mau Island!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features C3A Zoning, 90 Parking Spaces, 6 Lots, 250+ Feet Of Waterfront, 20+ Feet Of Water Rights, Private Gated Lot, +++!!!
- 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!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! HUGE 1+ Acre Waterfront Development Site With C3A Zoning In Gerritsen Beach For Sale!!! The Property Features Great Exposure, Excellent Signage, C3A Zoning, 90 Parking Spaces, 6 Lots, Strategically Placed Curb Cut, 250+ Feet Of Waterfront, 20+ Feet Of Water Rights, Private Gated Lot, Low Property Taxes, +++!!! 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 Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Various Tenants (Half Of The Yard): $480,000 Ann
Half Of Yard: $480,000 Ann. (Available)
Pro Forma Gross Income: $960,000 Ann.
Expenses:
Taxes: $64,885 Ann.
Pro Forma Net Operating Income (NOI): $895,115 Ann. (26.52% Cap!!!)
Income:
Various Tenants (Half Of The Yard): $480,000 Ann
Half Of Yard: $480,000 Ann. (Available)
Pro Forma Gross Income: $960,000 Ann.
Expenses:
Taxes: $64,885 Ann.
Pro Forma Net Operating Income (NOI): $895,115 Ann. (26.52% Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$960,000
|
$1,476.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$960,000
|
$1,476.92
|
| Taxes |
$64,885
|
$99.82
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$64,885
|
$99.82
|
| Net Operating Income |
$895,115
|
$1,377.10
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $960,000 |
| Annual Per SF | $1,476.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $960,000 |
| Annual Per SF | $1,476.92 |
| Taxes | |
|---|---|
| Annual | $64,885 |
| Annual Per SF | $99.82 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $64,885 |
| Annual Per SF | $99.82 |
| Net Operating Income | |
|---|---|
| Annual | $895,115 |
| Annual Per SF | $1,377.10 |
PROPERTY FACTS
| Price | $3,375,000 | Property Subtype | Marina |
| Price Per SF | $5,192.31 | Lot Size | 1.15 AC |
| Sale Type | Investment | Building Size | 650 SF |
| Cap Rate | 25% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1920 |
| Property Type | Specialty | Parking Ratio | 10/1,000 SF |
| Zoning | C3A | ||
| Price | $3,375,000 |
| Price Per SF | $5,192.31 |
| Sale Type | Investment |
| Cap Rate | 25% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Marina |
| Lot Size | 1.15 AC |
| Building Size | 650 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 10/1,000 SF |
| Zoning | C3A |
AMENITIES
- Signage
- Waterfront
- Wheelchair Accessible
ABOUT 25 LACON CT , BROOKLYN, NY 11229
Calling All Investors, Developers & End-Users!!! HUGE 1+ Acre Waterfront Development Site With C3A Zoning In Gerritsen Beach For Sale!!! The Property Features Great Exposure, Excellent Signage, C3A Zoning, 90 Parking Spaces, 6 Lots, Strategically Placed Curb Cut, 250+ Feet Of Waterfront, 20+ Feet Of Water Rights, Private Gated Lot, Low Property Taxes, +++!!! 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 Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $665,055 | |
| Land Assessment | $662,895 | Annual Taxes | $64,885 ($99.82/SF) |
| Improvements Assessment | $2,160 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$662,895
Improvements Assessment
$2,160
Total Assessment
$665,055
Annual Taxes
$64,885 ($99.82/SF)
Tax Year
2025
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25 Lacon Ct - 25 Lacon Court, Gerritsen Beach, NY 11229
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