1267 Forest Ave Staten Island, NY 10302

This fully occupied shopping center is located in the Elm Park section of Staten Island, at the signalized corner of Forrest Avenue and Jewett Avenue, neighboring a Walgreens, 7-Eleven, and a Shell gas station. Constructed in 2006, the property encompasses 27663 square feet across three levels. The ground floor features approximately 9500 square feet of retail space divided into 8 units, with front parking available. The second floor offers around 9500 square feet of retail and office space, comprising 6 units. The lower level contains approximately 8000 square feet of office space, consisting of 2 units of legal office space. The tenant mix includes food services, retail businesses, and other service providers. The property demonstrates a high rate of tenant retention with very low turnover. Current rents are at or below market rates, presenting opportunities for value enhancement. The gross income is approximately $890,000.00, with a net income of approximately $690,000.00.