1605 Forest Ave - Storefront Retail/Office FOR SALE


Staten Island, NY 10302- Elm Park
$1,975,000 USD
917-453-1795
1605 Forest Ave, Staten Island, NY for Sale
$1,975,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 5.22% Cap Rate

1605 Forest Ave
Staten Island, NY 10302
Elm Park


HIGHLIGHTS

  • unbelievable Vehicular traffic
  • Great investment
  • Easy to manage - 1031 exchange !!!

OVERVIEW

Fully leased 2 unit  Commercial  Building with private parking lot on busy Forest Avenue two blocks from expressway , building built with steel and cinder block Three phase electric 4 restrooms  downstairs 2 restrooms upstairs ,  directly across the street from  TD Bank , Target and many other national tenants , Great investment - Investment GEM ! Thinking of a 1031 exchange. This two (2) story building is well maintained and Leased to quality tenants. Easy to manage and is for sure a 1031 Exchange candidate. One important feature is the large neatly paved parking lot. As you can see from the photo's, it is in front of the building and offers plenty of space for the tenants' customers. We have approx. 18 parking spots !!! There is a Net Operating income of approximately $103,000 Located on an extremely Busy area of Forest avenue with plenty of exposure to vehicular traffic. The area is surrounded by National Tenants - and the Landlord never had a vacancy at this site ! It is located in a great commercial area. This building is in excellent condition and only three blocks away from the expressway. Size: This 3700 square-foot building was built 32 years ago with cinder block and steel with three phase electric. First floor: approx. 2,200 sq. ft. Beautiful Salon - has 5 bathrooms - Tenant paying $8,091.00 per month (July 2026 goes to $8,243.00) plus 100% of the water bill , 2% annual increases. Second floor: approx. 1,600 R E office & salon sharing space - tenants paying $3500 per month with 3% annual increases We will provide a copy of leases if there is serious interest.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

5.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Investment Building - easy to manage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C 2-1

APN/PARCEL ID

01065-0004

ASK ABOUT THIS PROPERTY

Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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Vince BlandinoMadison Estates Sotheby's Int - Franzese GroupMore Info
917-453-1795

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