Investment Overview

The Nowak Group of Marcus & Millichap has been retained exclusively by ownership to arrange the sale of 2214 East 69th Street in the Bergen Beach neighborhood of Brooklyn. The subject property a ~30,250 square foot waterfront lot (~200 ft x 150 ft) zoned M1-1, currently improved by small outbuildings (~2,200 SF total) which can be demolished or readapted to industrial use. The subject property is located close to truck routes and is ideal for industrial outdoor storage, commercial development, and community facility development (72,000 square feet per FAR 2.4). Its location directly on the shore of East Mill Basin allows a projected annual gross income of $550,000+ from watercraft rental and marina docks, making this an appealing opportunity for redevelopment into a water sports retail property.* Due to the lack of vacancies for nearby marina slips, there is significant area demand for these facilities and excellent opportunity for a viable marina development at this location. The seller will provide clean environmental inspection reports and surveys on request. 2214 East 69th Street presents users or developers the opportunity to own raw land ideal for industrial and commercial uses or redevelopment, with significant income potential and/or future upside from boat dock rentals.