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1406 Forest Ave 1,500 SF 100% Leased Retail Building Staten Island, NY 10302 $999,000 ($666/SF) 5.45% Cap Rate
Executive Summary
Located on one of Staten Island's busiest commercial corridors, 1406 Forest Avenue presents an exceptional opportunity for investors or owner-users. This income-producing property features two street-level storefronts currently occupied by a barber shop and a nail salon, offering approximately 1,500 square feet of combined interior space. Situated on a generous 25' x 117' lot, the property also includes a spacious rear yard, providing additional flexibility for storage, outdoor use, or future possibilities.
Positioned in a high-visibility location with consistent pedestrian and vehicle traffic, the property offers excellent storefront exposure and benefits from its proximity to established retailers, restaurants, neighborhood services, public transportation, and major roadways. Whether you're looking to expand your commercial portfolio or acquire a well-located property with long-term potential, 1406 Forest Avenue represents a rare opportunity in one of Staten Island's most established retail corridors.
Positioned in a high-visibility location with consistent pedestrian and vehicle traffic, the property offers excellent storefront exposure and benefits from its proximity to established retailers, restaurants, neighborhood services, public transportation, and major roadways. Whether you're looking to expand your commercial portfolio or acquire a well-located property with long-term potential, 1406 Forest Avenue represents a rare opportunity in one of Staten Island's most established retail corridors.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,421
|
$44.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,421
|
$44.28
|
| Taxes |
$12,059
|
$8.04
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,059
|
$8.04
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $66,421 |
| Annual Per SF | $44.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,421 |
| Annual Per SF | $44.28 |
| Taxes | |
|---|---|
| Annual | $12,059 |
| Annual Per SF | $8.04 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,059 |
| Annual Per SF | $8.04 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
1960
Price
$999,000
Price Per SF
$666
Cap Rate
5.45%
NOI
$54,421
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.07 AC
Zoning
C4-1
Frontage
25’ on Forest Ave
Amenities
- Signage
- Awning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Frank & Gerry Barbershop
- -
- -
- -
- -
- Lucky Express Nails
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Frank & Gerry Barbershop | - | - | - | - | ||
| Lucky Express Nails | Services | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00390-0006 | Total Assessment | $132,300 (2026) |
| Land Assessment | $39,600 (2026) | Annual Taxes | $12,059 ($8.04/SF) |
| Improvements Assessment | $92,700 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
00390-0006
Land Assessment
$39,600 (2026)
Improvements Assessment
$92,700 (2026)
Total Assessment
$132,300 (2026)
Annual Taxes
$12,059 ($8.04/SF)
Tax Year
2025
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