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1288 Forest Ave 6,000 SF 100% Leased Retail Building Staten Island, NY 10302 $1,999,900 ($333.32/SF)
INVESTMENT HIGHLIGHTS
- Retail squarespace:2,582, Office Space: 2,134
- Off Street Parking, lots of foot traffic, high ceilings
EXECUTIVE SUMMARY
1288 Forest Ave is a prime mixed-use property located in the highly desirable Westerleigh section of Staten Island, one of the borough's most active and visible commercial corridors. The property has been home to a successful architectural glass business for decades, and is now available for sale. Its location, lot size, and flexible layout make it a rare investment opportunity for both owner-occupants and income investors. Key Details: Lot Size: 78' × 122' (8,325 SF) Building Composition: Retail Space: 2,582 SF on Forest Ave (market rent: 35/SF) Office Space: 2,134 SF (market rent: 20/SF) Garage: Two-story garage, market rent: 800/month Parking: Off-street parking available Basement: High ceilings, currently storage (not included in pro forma but offers future upside)
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1950
Price
$1,999,900
Price Per SF
$333.32
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.72
Lot Size
0.19 AC
Zoning
R3-2 - Low density residential district
Frontage
78’ on Forest Ave
AMENITIES
- Storage Space
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00387-0037 | Total Assessment | $256,950 (2025) |
| Land Assessment | $93,600 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $163,350 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
00387-0037
Land Assessment
$93,600 (2025)
Improvements Assessment
$163,350 (2025)
Total Assessment
$256,950 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1288 Forest Ave
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