1257-1267 Forest Avenue

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 Ave. 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.): $168,000 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: $871,691.16 Ann. Total Expenses: $172,300.40 Ann. Net Operating Income (NOI): $699,390.76 Ann. (7.07% Cap!!!)