2 Floral Ct - Stiriz Marine Center
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2 Floral Ct - Stiriz Marine Center
7,500 SF Specialty Building Offered at $1,288,000 at a 21.11% Cap Rate in Mastic Beach, NY 11951
Investment Highlights
- Waterfront Development
Executive Summary
2.07 Acre Successful Bayfront Marina For Sale With 600' Of Waterfront, 42 Boats Slips, 3 Bedroom Bayfront House, 5,000 Sqft. Workshop, Dry Winter Storage For 100+ Boats, +++!!! The Property Is Zoned Waterfront Development/ J-2. This Property-Business Combination Offers Excellent Net Profit ($271,863) & Ample Upside Potential. Some Additional Items Included In The Sale: 2 Travel Lifts, Bobcat, Forklift, Many Tools, +++!!! New LED Lighting Has Been Installed Around The Marina. The Sunrises & Sunsets At This Location Are Honestly Breathtaking.
The 3 Bedroom House Features A Beautiful Eat In Kitchen, A Formal Dining Room, A Large Den, A Great Room, +++! Every Room In The House Has A Stunning Waterfront View!
The Property Also Has A Marine Supply Store, Multiple Workshops, Canvass Shop, Tetherball Court, Volleyball Court, A Few KOI Ponds, Ample Parking, Gazebo, +++! This Marina Has Been Operating Successfully For Over 49 Years!!!
This Is Also An Incredible Redevelopment Opportunity!!!
Income:
42 Wet Boats Slips: $75,000
Winter Storage: $100,000
Motorwork: $80,000
Canvass Work: $50,000
3 Bedroom Bayfront House: $28,800 (Available For New Owner)
Gross Income: $333,800
Expenses:
Oil: $1,000
Electric: $4,500
Maintenance & Repairs: $15,000
Insurance: $6,000
Taxes: $21,687
Additional Village Taxes: $0
Water: $750
Garbage: $3,000
Miscellaneous: $10,000
Total Expense: $61,937
The 3 Bedroom House Features A Beautiful Eat In Kitchen, A Formal Dining Room, A Large Den, A Great Room, +++! Every Room In The House Has A Stunning Waterfront View!
The Property Also Has A Marine Supply Store, Multiple Workshops, Canvass Shop, Tetherball Court, Volleyball Court, A Few KOI Ponds, Ample Parking, Gazebo, +++! This Marina Has Been Operating Successfully For Over 49 Years!!!
This Is Also An Incredible Redevelopment Opportunity!!!
Income:
42 Wet Boats Slips: $75,000
Winter Storage: $100,000
Motorwork: $80,000
Canvass Work: $50,000
3 Bedroom Bayfront House: $28,800 (Available For New Owner)
Gross Income: $333,800
Expenses:
Oil: $1,000
Electric: $4,500
Maintenance & Repairs: $15,000
Insurance: $6,000
Taxes: $21,687
Additional Village Taxes: $0
Water: $750
Garbage: $3,000
Miscellaneous: $10,000
Total Expense: $61,937
Financial Summary (Actual - 2017) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$333,800
|
$44.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$333,800
|
$44.51
|
| Taxes |
$21,687
|
$2.89
|
| Operating Expenses |
$40,250
|
$5.37
|
| Total Expenses |
$61,937
|
$8.26
|
| Net Operating Income |
$271,863
|
$36.25
|
Financial Summary (Actual - 2017)
| Gross Rental Income | |
|---|---|
| Annual | $333,800 |
| Annual Per SF | $44.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $333,800 |
| Annual Per SF | $44.51 |
| Taxes | |
|---|---|
| Annual | $21,687 |
| Annual Per SF | $2.89 |
| Operating Expenses | |
|---|---|
| Annual | $40,250 |
| Annual Per SF | $5.37 |
| Total Expenses | |
|---|---|
| Annual | $61,937 |
| Annual Per SF | $8.26 |
| Net Operating Income | |
|---|---|
| Annual | $271,863 |
| Annual Per SF | $36.25 |
Property Facts
Amenities
- Signage
- Waterfront
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $5,040 (2023) | |
| Land Assessment | $850 (2023) | Annual Taxes | $21,687 ($2.89/SF) |
| Improvements Assessment | $4,190 (2023) | Tax Year | 2017 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$850 (2023)
Improvements Assessment
$4,190 (2023)
Total Assessment
$5,040 (2023)
Annual Taxes
$21,687 ($2.89/SF)
Tax Year
2017
zoning
| Zoning Code | J-2 |
| J-2 |
-
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2 Floral Ct - Stiriz Marine Center
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