MLS#856196
STATUSActive
PROPERTY TYPECommercial -
Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 19 Unit 30,000 Sqft. Corner Shopping Center For Sale!!! The Property Is Located In The Heart Of Staten Island On Busy Forest Avenue Minutes From The Dr. M.L.K. Jr. Expy. (Route 440)!!! The Building Features Excellent Signage, Great Exposure, R3-2/C2-1 Zoning, 4 Strategically Placed Curb Cuts, 3 Stories, 38 Parking Spaces, High 12' Ceilings, All New LED Lighting, CAC+++!!! Neighbors Include Amazon, Fed Ex, UPS, Chase Bank, Citizens Bank, L.A. Fitness, Target, Stop & Shop, ShopRite, T.J. Maxx, CVS, 7-Eleven, Walgreens, Shell, Taco Bell, Sherwin-Williams, Jersey Mike's, KFC, +++!!! The Property Has 254' Of Frontage On Forest Avenue + 162' Of Frontage On Jewett Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:1st Floor: Kung Fu Tea (900 Sqft.): $29,917.44 Ann. Lease Exp.: 3/31/27.Exotic Convenience Corp. (1,000 Sqft.): $43,219.56 Ann.; Lease Exp.: 3/31/30.Riverside Chinese Kabab (800 Sqft.): $41,375.16 Ann.; Lease Exp.: 6/30/27.Nail It UP Inc. (800 Sqft.): $36,011.76 Ann.; Lease Exp.: 2/28/26.Wireless Matrix Corp. (2 Units, 1,500 Sqft.): $62,628.96 Ann.; Lease Exp.: 6/30/25.SKYCARE RX Inc. (2 Units, 1,500 Sqft.): $77,374.56 Ann.; Lease Exp.: 12/31/28.Happy Eastern Dragon (1,700 Sqft.): $56,015.52 Ann.; Lease Exp.: 6/30/32.QK Grill Japan II LLC (1,800 Sqft.): 75,600 Ann.; Lease Exp.: 1/31/33. 2nd Floor: Wang Suezhen Spa (1,400 Sqft.): $32,400 Ann.; Lease Exp.: 9/5/29.C & R Desantis Inc. (800 Sqft.): $35,646.24 Ann.; Lease Exp.: 7/31/27.Brightside Training LLC (2 Units, 2,000 Sqft.): $39,552 Ann.; Lease Exp.: 9/30/26.1267 MTA Inc. (5 Units, 4,000 Sqft.): $108,211.80 Ann.; Lease Exp.: 12/31/27.J & C Essential Care LLC (800 Sqft.): $26,400 Ann.; Lease Exp.: 11/30/29.Dance Central (1,000 Sqft.): $39,338.16 Ann.; Lease Exp.: 10/31/24.Ground Floor: Prime Care Inc. (5 Units, 8,000 Sqft.): $240,000 Ann.; Lease Exp.: 12/31/25.Expenses: Gas: $0 Ann. Electric: $0 Ann. Water: $0 Ann. Trash: $0 Ann. Insurance: $8,718 Ann. Taxes: $163,582.40 Ann.Gross Income: $943,691.16 Ann.Total Expenses: $172,300.40 Ann. Net Operating Income (NOI): $771,390.76 Ann. (8.12% Cap!!!)Reply, Reply All or Forward
Property Features
Property Type: Commercial -
Cooling: Central Air
Heating: Natural Gas
Taxes: $163,582
Year Built: 1990
Feature Descriptions
Building Area Total: 30000
Business Type: Other
Days on Site: 307
Exterior: Block
On Market Date: 2025-05-28
Parking Total: 38
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 17
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks
Water: Public
Listed By / Shown By
Listing By
Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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1257-1267 Forest Avenue | MLS# 856196
This commercial property located at 1257-1267 Forest Avenue, Staten Island, NY 10302 is currently listed for sale with an asking price of $9,500,000. Search Staten Island real estate on www.coldwellbankerchoice.com today.