1023 Forest Hill RdStaten Island, NY 10314

Property Details for 1023 Forest Hill Rd

Year built

1975

Lot size

0.13 AC

Property size (Sq ft)

1,960 SF

Zone code

R3-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01975-0503

APU

19750503

Description

This exceptional 1,200 square foot medical office space is available for lease in Staten Island, New York. Located at 1023 Forest Hill Road, zip code 10314, this single-tenant property is situated on the ground level, offering convenient access and high visibility from Forest Hill Road. The space boasts four exam rooms, a spacious waiting area, a reception area, and two bathrooms. Recently renovated, it's in move-in condition and is ideal for a variety of medical or professional uses. Previously used as a dermatologist's office, the space includes existing medical cabinetry and plumbing. The building offers ample street parking, eliminating parking concerns for both staff and patients. The monthly rent is $2,500, and there are no common charges beyond the tenant's utilities. This prime location offers excellent visibility due to high traffic counts, making it an attractive opportunity for a thriving medical practice. Lease terms are attractive.

• CAP approach

  CAP return

  Valuation

  6%

  $324,047

  6.5%

  $299,120

  7%

  $277,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,094

  Geo Method

  $256,094

• Alternative Use

  Use

  Valuation

  Residential

  $370,909

  Hospitality

  $339,750

  Educational

  $282,668

  Medical

  $292,390

  Retail

  $439,706

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5973

Longitude

-74.1406

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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