1960 Bayberry Ave
Merrick, NY 11566

Open Bay Marina is very well established. The marina has been in operation for over 17 years and it's a turn key business. The property is located on the open bay with views of Jones Beach theater / Jones Beach Tower and 15 minutes to Jones Inlet. The marina is centrally located between Wantagh Parkway and Meadowbrook Parkway. This facility has 50 boat slips in water along with 24 jet ski slips on brand new wave armor ports. All our slips have high tide brackets with fingers and some with double fingers for easy on and off. For the winter storage you can accommodate 80 boats and 24 jet skis. This property also has a house and Resturant on the premises. The Resturant has a current lease that expires in 2021 and tenant would love to renew the lease if possible. Tenant has been renting for 5 years now and is definitely the best tenant the land lord has ever had. All the slips at Open Bay Marina are 100% occupied. The views from this marina are breathtaking over looking Merrick Bay, not many properties available like this anymore. There are endless upgrades that the owner has done to this property. Starting with a brand new bulkhead at new elevation, new travel lift slip with 50' galvanize rails, all new jet ski ports and the list goes on... Speaking with the owner he is willing to stay on for awhile to help through the transition period. If you are interested in this beautiful Marina with a 9.4% to 12.6% cap rate, and any other additional information please contact me at anytime Annette Alicanti.(cell) 347-386-6932