1257-1267 Forest Ave - Storefront Retail/Office FOR SALE


Staten Island, NY 10302- Elm Park
$9,888,000 USD
516-279-8828
1257-1267 Forest Ave, Staten Island, NY for Sale
$9,888,000 USD
Storefront Retail/Office - FOR SALE
1/45
null | 7.07% Cap Rate

1257-1267 Forest Ave
Staten Island, NY 10302
Elm Park


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied 19 Unit 30,000 Sqft. Corner Shopping Center For Sale!!!
  • The Property Is Located In The Heart Of Staten Island On Busy Forest Ave. Minutes From The Dr. M.L.K. Jr. Expy. (Route 440)!!!
  • The Building Features Excellent Signage, Great Exposure, R3-2/C2-1 Zoning, 3 Stories, 38 Parking Spaces, High 12’ Ceilings, CAC, +++!!!
  • Neighbors Include Amazon, Fed Ex, UPS, Chase Bank, Citizens Bank, L.A. Fitness, Target, Stop & Shop, ShopRite, T.J. Maxx, CVS, 7-Eleven, +++!!!
  • The Property Has 254’ Of Frontage On Forest Avenue + 162’ Of Frontage On Jewett Avenue!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied 19 Unit 30,000 Sqft. Corner Shopping Center For Sale!!! The Property Is Located In The Heart Of Staten Island On Busy Forest Ave. Minutes From The Dr. M.L.K. Jr. Expy. (Route 440)!!! The Building Features Excellent Signage, Great Exposure, R3-2/C2-1 Zoning, 4 Strategically Placed Curb Cuts, 3 Stories, 38 Parking Spaces, High 12’ Ceilings, All New LED Lighting, CAC, +++!!! Neighbors Include Amazon, Fed Ex, UPS, Chase Bank, Citizens Bank, L.A. Fitness, Target, Stop & Shop, ShopRite, T.J. Maxx, CVS, 7-Eleven, Walgreens, Shell, Taco Bell, Sherwin-Williams, Jersey Mike’s, KFC, +++!!! The Property Has 254’ Of Frontage On Forest Avenue + 162’ Of Frontage On Jewett Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Floor: Kung Fu Tea (900 Sqft.): $29,917.44 Ann. Lease Exp.: 3/31/27. Exotic Convenience Corp. (1,000 Sqft.): $43,219.56 Ann.; Lease Exp.: 3/31/30. Riverside Chinese Kabab (800 Sqft.): $41,375.16 Ann.; Lease Exp.: 6/30/27. Nail It UP Inc. (800 Sqft.): $36,011.76 Ann.; Lease Exp.: 2/28/26. Wireless Matrix Corp. (2 Units, 1,500 Sqft.): $62,628.96 Ann.; Lease Exp.: 6/30/25. SKYCARE RX Inc. (2 Units, 1,500 Sqft.): $77,374.56 Ann.; Lease Exp.: 12/31/28. Happy Eastern Dragon (1,700 Sqft.): $56,015.52 Ann.; Lease Exp.: 6/30/32. QK Grill Japan II LLC (1,800 Sqft.): 75,600 Ann.; Lease Exp.: 1/31/33. 2nd Floor: Wang Suezhen Spa (1,400 Sqft.): $32,400 Ann.; Lease Exp.: 9/5/29. C & R Desantis Inc. (800 Sqft.): $35,646.24 Ann.; Lease Exp.: 7/31/27. Brightside Training LLC (2 Units, 2,000 Sqft.): $39,552 Ann.; Lease Exp.: 9/30/26. 1267 MTA Inc. (5 Units, 4,000 Sqft.): $108,211.80 Ann.; Lease Exp.: 12/31/27. J & C Essential Care LLC (800 Sqft.): $26,400 Ann.; Lease Exp.: 11/30/29. Dance Central (1,000 Sqft.): $39,338.16 Ann.; Lease Exp.: 10/31/24. Ground Floor: Prime Care Inc. (5 Units, 8,000 Sqft.): $168,000 Ann.; Lease Exp.: 12/31/25. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water: $0 Ann. Trash: $0 Ann. Insurance: $8,718 Ann. Taxes: $163,582.40 Ann. Gross Income: $871,691.16 Ann. Total Expenses: $172,300.40 Ann. Net Operating Income (NOI): $699,390.76 Ann. (7.07% Cap!!!)

FOR SALE DETAILS

PRICE

$9,888,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staten Island Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Day Care Center, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

R3-2/C2-1

APN/PARCEL ID

01042-0001

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.