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622 Jersey Ave - Willow Point Marina 9,030 SF Specialty Building Offered at $7,154,264 CAD at a 12.84% Cap Rate in Greenwood Lake, NY 10925
Executive Summary
Rare opportunity to acquire a cash-flowing marina business and waterfront real estate on Greenwood Lake in Orange County, NY. The property generates diversified income from marina operations, boat slip rentals, and additional real estate rental income, creating a stable revenue base with multiple income streams.
The marina is currently operated with three employees, including a general manager, allowing for streamlined day-to-day operations. A new website and online reservation system is currently being developed, which will enable customers to reserve boat slips and marina services online, improving efficiency and customer convenience.
The property is offered at a 12.84% cap rate based on current financial performance, with significant upside potential through expanded services and additional lake-oriented revenue opportunities. Value-add potential includes introducing a boat rental fleet (typically generating $250–$350 for two-hour minimum rentals), boat club memberships, expanded fuel and retail sales, seasonal storage programs, and other recreational services catering to boaters and visitors to the lake.
Ownership will consider providing up to $2,000,000 in seller financing, which may allow qualified buyers to combine the seller note with SBA 7(a) financing, potentially enabling a buyer to acquire the property with approximately $300,000–$400,000 in equity depending on lender terms and qualifications.
This is a rare opportunity to acquire a profitable waterfront marina and income-producing real estate with substantial operational upside in one of the region’s most active recreational boating destinations.
The marina is currently operated with three employees, including a general manager, allowing for streamlined day-to-day operations. A new website and online reservation system is currently being developed, which will enable customers to reserve boat slips and marina services online, improving efficiency and customer convenience.
The property is offered at a 12.84% cap rate based on current financial performance, with significant upside potential through expanded services and additional lake-oriented revenue opportunities. Value-add potential includes introducing a boat rental fleet (typically generating $250–$350 for two-hour minimum rentals), boat club memberships, expanded fuel and retail sales, seasonal storage programs, and other recreational services catering to boaters and visitors to the lake.
Ownership will consider providing up to $2,000,000 in seller financing, which may allow qualified buyers to combine the seller note with SBA 7(a) financing, potentially enabling a buyer to acquire the property with approximately $300,000–$400,000 in equity depending on lender terms and qualifications.
This is a rare opportunity to acquire a profitable waterfront marina and income-producing real estate with substantial operational upside in one of the region’s most active recreational boating destinations.
Property Facts
| Price | $7,154,264 CAD | Building Class | B |
| Price Per SF | $792.28 CAD | Lot Size | 2.00 AC |
| Sale Type | Investment or Owner User | Building Size | 9,030 SF |
| Cap Rate | 12.84% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1890/2021 |
| Property Subtype | Marina | Parking Ratio | 5.54/1,000 SF |
| Zoning | RC - Resort Commercial | ||
| Price | $7,154,264 CAD |
| Price Per SF | $792.28 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 12.84% |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 9,030 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2021 |
| Parking Ratio | 5.54/1,000 SF |
| Zoning | RC - Resort Commercial |
Amenities
- Waterfront
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 335403-311-000-0002-002.000-0000 | Improvements Assessment | $126,300 CAD |
| Land Assessment | $111,441 CAD | Total Assessment | $237,742 CAD |
Property Taxes
Parcel Number
335403-311-000-0002-002.000-0000
Land Assessment
$111,441 CAD
Improvements Assessment
$126,300 CAD
Total Assessment
$237,742 CAD
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622 Jersey Ave - Willow Point Marina
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