Turnkey Restaurant with Established
For Sale
Contact for pricing
1368 Forest Avenue, Staten Island, NY 10302
Fully equipped restaurant sale includes the La Casa del Taco name for immediate operation, as described.
Property Size600 SF
Price / SF$333.33
Days on Market244
Property Features for 1368 Forest Avenue
General Information
Standard status
Active
Size
600 SF
Property subtype
Business for Sale, Retail
Zoning
R-3-2
Net Operating Income
$125,000
Additional Details
Business Included
Yes
Building Details
Year Built
2022
Units
1
Listing Agency:
Plaza Island Properties, LLC
Listed By:
Priya Wickramanayake · License #40WI0945807
Source:
Crexi
Added: Jan 8
Changed: Sep 4
Last Checked: Sep 8 at 7:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Plaza Island Properties, LLC
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is presented as the ownership of La Casa del Taco, an established operation that has served the community for over 5 years. The property is described as fully equipped and ready for immediate operation, with the well-established business name included in the sale.
Located at 1368 Forest Avenue on Staten Island, the restaurant is marketed as a highly visible site on a busy main road with both foot and vehicle traffic, intended to support steady daily business.
Based on the information provided, the asset is positioned for a straightforward transition into operation, with continuity maintained through the included brand and established customer base referenced in the remarks.
Located at 1368 Forest Avenue on Staten Island, the restaurant is marketed as a highly visible site on a busy main road with both foot and vehicle traffic, intended to support steady daily business.
Based on the information provided, the asset is positioned for a straightforward transition into operation, with continuity maintained through the included brand and established customer base referenced in the remarks.
Key Highlights
- Year built: 2022
- Fully equipped restaurant sale for immediate operation, as described
- Sale includes the La Casa del Taco name
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,720
$289.7K
Cap Rate 7%
$206,943
$206.9K
Cap Rate 9%
$160,956
$161.0K
Market Conditions
NOI Build-Up for 600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.9K $34.80/SF
− Vacancy
−$1.6K −$2.61/SF
EGI
$19.3K $32.19/SF
− OpEx
−$4.8K −$8.05/SF
NOI
$14.5K $24.14/SF
Area
Staten Island, NY
Vacancy
7.50%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,720
Cap Rate 7%
$206,943
Cap Rate 9%
$160,956
Alternative Uses
Best Use
Specialty Retail
$206.9K
$181.1K – $241.4K
NOI $14,486 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,040 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
434k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Superstores 19%
Dining 13%
Groceries 13%
Target
Superstores
82,066 visits/mo
0.2 miles
Stop & Shop
Groceries
56,113 visits/mo
0.1 miles
Five Below
Shops & Services
33,894 visits/mo
0.1 miles
PetSmart
Shops & Services
25,715 visits/mo
0.2 miles
Michaels
Shops & Services
22,057 visits/mo
0.1 miles
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant sale includes the La Casa del Taco name for immediate operation, as described.
Where is this conventional restaurant located?
The property is located at 1368 Forest Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Year built: 2022; Fully equipped restaurant sale for immediate operation, as described; Sale includes the La Casa del Taco name
