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25 Lacon Ct - 25 Lacon Court, Gerritsen Beach, NY 11229 650 SF Specialty Building Offered at $4,668,941 CAD 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,328,054
|
$2,043.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,328,054
|
$2,043.16
|
| Taxes |
$89,761
|
$138.09
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$89,761
|
$138.09
|
| Net Operating Income |
$1,238,293
|
$1,905.07
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,328,054 |
| Annual Per SF | $2,043.16 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,328,054 |
| Annual Per SF | $2,043.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $89,761 |
| Annual Per SF | $138.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $89,761 |
| Annual Per SF | $138.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,238,293 |
| Annual Per SF | $1,905.07 |
PROPERTY FACTS
| Price | $4,668,941 CAD | Property Subtype | Marina |
| Price Per SF | $7,182.99 CAD | 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 | $4,668,941 CAD |
| Price Per SF | $7,182.99 CAD |
| 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 | $938,393 CAD | |
| Land Assessment | $935,345 CAD | Annual Taxes | $89,761 CAD ($138.09 CAD/SF) |
| Improvements Assessment | $3,048 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$935,345 CAD
Improvements Assessment
$3,048 CAD
Total Assessment
$938,393 CAD
Annual Taxes
$89,761 CAD ($138.09 CAD/SF)
Tax Year
2025
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25 Lacon Ct - 25 Lacon Court, Gerritsen Beach, NY 11229
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