1257-1267 Forest Ave - Storefront Retail/Office FOR SALE


Staten Island, NY 10302- Elm Park
$12,000,000 USD
516-410-9926
1257-1267 Forest Ave, Staten Island, NY for Sale
$12,000,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 5.75% Cap Rate

1257-1267 Forest Ave
Staten Island, NY 10302
Elm Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$434 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

C2-1/R3-2

APN/PARCEL ID

01042-0001

ASK ABOUT THIS PROPERTY

Raymond MordekhaiForest Park Properties IncMore Info
516-410-9926

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Raymond MordekhaiForest Park Properties IncMore Info
516-410-9926

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