816 Forest AveStaten Island, NY 10310

Property Details for 816 Forest Ave

Year built

1931

Lot size

0.18 AC

Property size (Sq ft)

3,750 SF

Zone code

R3-1

Property type

Retail space

APN

00308-0048

APU

3080048

Description

This exceptional 1,450 square foot retail space is ideally situated at 816 Forest Avenue, boasting excellent street frontage directly on Forest Avenue, near Broadway. Currently available for lease starting August 15th, 2024, this single-tenant property presents a fantastic opportunity for a variety of businesses. The space is in excellent condition and features a convenient layout including two bathrooms and a built-in office area, providing ample flexibility for different operational needs. The zoning classification is R3-1. The property is easily accessible and benefits from high visibility due to its prominent location. There are no elevators in the building. This is a rare chance to secure a well-maintained, street-facing retail space in a desirable location. The property's size and amenities make it suitable for a range of medical or office uses, in addition to general retail. Its prime location ensures high foot traffic and excellent exposure for any business. Interested parties are encouraged to inquire promptly to schedule a viewing. The space is ready for immediate occupancy upon lease commencement.

• CAP approach

  CAP return

  Valuation

  6%

  $911,381

  6.5%

  $841,275

  7%

  $781,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,234,737

  Geo Method

  $1,234,737

• Alternative Use

  Use

  Valuation

  Residential

  $709,647

  Hospitality

  $650,033

  Educational

  $540,819

  Medical

  $559,419

  Retail

  $841,275

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6287

Longitude

-74.1168

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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