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2220 Forest Ave 23,974 SF 100% Leased Retail Building Staten Island, NY 10303 $13,000,000 ($542.25/SF) 5.59% Cap Rate
Investment Highlights
- For Sale: Freestanding Strip Center in Staten Island, NY - Harbor Plaza
- 100 On-Site Parking Spaces
- Located Close to the Staten Island Expy & Surrounded by Other Neighborhood Retail Spaces such as Bank of America, Harbor Freight, Auto Zone, 7-Eleven
- Built in 2003
- Across the Street from Another Retail Center with Nationally Recognized Tenants such as Lowes & Kohls
Executive Summary
American Investment Properties is exclusively retained to sell the property located at 2220 Forest Ave, Staten Island, NY. At this location is the Harbor Plaza Shopping Center which is a freestanding retail center with several tenants.
There is ample on-site parking, the building was built in 2003, and it is located across from other major retailers such as Lowe's, and Kohl's.
There is ample on-site parking, the building was built in 2003, and it is located across from other major retailers such as Lowe's, and Kohl's.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,974 SF
Building Class
B
Year Built
2003
Price
$13,000,000
Price Per SF
$542.25
Cap Rate
5.59%
NOI
$726,068
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
1.05 AC
Zoning
C8 - General Commercial Zoning
Parking
100 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01685-0090 | Improvements Assessment | $1,198,800 |
| Land Assessment | $742,500 | Total Assessment | $1,941,300 |
Property Taxes
Parcel Number
01685-0090
Land Assessment
$742,500
Improvements Assessment
$1,198,800
Total Assessment
$1,941,300
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2220 Forest Ave
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