1257-1267 Forest Ave

27,663 SF 100% Leased Retail Building Staten Island, NY 10302 £7,994,551 (£289/SF) 6.70% Net Initial Yield

EXECUTIVE SUMMARY

100% Occupied Shopping Center in the Elm Park section of Staten Island. Property is located at the signalized corner of Forrest Avenue and Jewett Avenue. The other three corner are Walgreens, 7-Eleven, and a Shell gas station. Property was constructed in 2006 and is 27663 SF over three Levels. ~ 9500 SF (8 units) of ground Floor retail with front parking. ~ 9500 SF of second Floor Retail/Office Space (6 Units). ~8000 SF of lower-level office space (2 Units of legal office space as verified by attached C of O). Incredible mis of tenants include food uses, retail, and services. Incredible rate of tenant retention with very low turnover. Current rent at or below market with room for value-add. Gross income of approximately ~$890,000.00. Net of ~ $690,000.00. Please message for a detailed set-up.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income £690,791 £24.97
Other Income - -
Vacancy Loss - -
Effective Gross Income £690,791 £24.97
Taxes - -
Operating Expenses - -
Total Expenses £152,905 £5.53
Net Operating Income £537,886 £19.44

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,663 SF
Building Class
B
Year Built
1989
Price
£7,994,551
Price Per SF
£289
Net Initial Yield
6.70%
NOI
£535,557
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
12 ft
Building FAR
0.73
Lot Size
0.87 AC
Zoning
C2-1/R3-2 - Commercial
Parking
46 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
222 ft on Forest Ave

AMENITIES

  • Bus Route
  • Freeway Visibility
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Exotic Convenience & Smoke Shop
  • Retailer
  • -
  • -
  • -
  • -

Local smoke shop and convenience store in State Island, NY since 2020.

  • Service type
  • -
  • -
  • Negotiable
  • -

At Exquisite Touch Spa, they are passionate about helping their clients achieve their beauty and wellness goals. Their team of experienced and licensed estheticians, Lori and Raven, are dedicated to providing each client with personalized service and attention to detail, to ensure that they achieve the best possible results. They believe that everyone deserves to feel confident and empowered in their own skin, and they are committed to helping their clients achieve this through personalized and effective skincare treatments and services. Their philosophy is grounded in promoting overall health and well-being, and they strive to provide their clients with a relaxing and rejuvenating spa experience that promotes balance and wellness. With state-of-the-art technology and advanced skincare techniques, they are proud to offer a wide range of services and treatments that are customized to help each client look and feel their best.

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

They're a Japanese Restaurant specializing in Teriyaki and sushi dishes in a relaxed setting. They provide high quality convenient take-out and delivery at affordable prices. Quick Grill Japan has friendly service with convenient hours Monday to Sunday. Whether its Online ordering through our website, with their partners at Seamless, Grub Gub, EAT24, Doordash or just by phone you can choose from pick-up, eat-in or delivery, they will always surely provide the most convenient way for you to have a pleasurable dining experience.

  • Retailer
  • -
  • -
  • Modified Gross
  • -

Family-operated, local pharmacy serving the Staten Island, NY area since 2018.

  • Information
  • -
  • -
  • -
  • -

Verizon has work because their customers value their high-quality communications services. They deliver superior customer experiences through their products and their actions. Everything they do, they build on a strong network, systems and process foundation. The quality and reliability of the products they deliver are paramount. Customers pay them to provide them with services that they can rely on. They focus outward on the customer, not inward. They make it easy for customers to do business with them, by listening, anticipating and responding to their needs. They know their products and can explain them to customers. They focus on fundamental execution. They are accountable and they follow through with a sense of urgency. They know that having the highest ethical standards is a competitive advantage.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Exotic Convenience & Smoke Shop Retailer - - - -
Service type - - Negotiable -
Accommodation and Food Services - - - -
Retailer - - Modified Gross -
Information - - - -
Walk Score®
Walker's Paradise (94)

NEARBY MAJOR RETAILERS

Flagstar Bank N.A.
Stop & Shop
Starbucks
Key Food
Rent-A-Center
WW
Chase Bank
LA Fitness
TD Bank
Santander

PROPERTY TAXES

  • Listing ID: 34774539

  • Date on Market: 10/02/2025

  • Last Updated:

  • Address: 1257-1267 Forest Ave, Staten Island, NY 10302