Mixed-Use Property with
391 Forest Avenue, Staten Island, NY 10301
For Sale
New
$1,200,000
Residential Income, Staten Island, NY
Property Size1,832 SF
Lot Size0.10 Acres
Price / SF$655.02
Days on Market5
Property Features for 391 Forest Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Basement
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Gateway Arms Realty Corp.
Listed By:
Randal T Occhipinti
(718) 273-3800
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 2606295
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1,832-square-foot mixed-use building contains a professional office formerly described as a law office, along with a one-bedroom apartment. Built in 1931, the property has aluminum siding, central air conditioning, and hot-water heating fueled by natural gas.
The 0.0979-acre site is at 391 Forest Avenue in Staten Island. Parking features include a garage and on-street parking, and the property is served by public sewer.
The 0.0979-acre site is at 391 Forest Avenue in Staten Island. Parking features include a garage and on-street parking, and the property is served by public sewer.
Key Highlights
- 1,832‑square‑foot building with a professional office and one‑bedroom apartment
- 0.0979‑acre site at 391 Forest Avenue in Staten Island
- Built in 1931 with aluminum siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,945
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,900
$838.9K
Cap Rate 7%
$599,214
$599.2K
Cap Rate 9%
$466,056
$466.1K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$70.3K $38.40/SF
− Vacancy
−$14.4K −$7.87/SF
EGI
$55.9K $30.53/SF
− OpEx
−$14.0K −$7.63/SF
NOI
$41.9K $22.90/SF
Area
Staten Island, NY
Vacancy
20.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,900
Cap Rate 7%
$599,214
Cap Rate 9%
$466,056
Alternative Uses
Best Use
Office B
$599.2K
$524.3K – $699.1K
NOI $41,945 @ 7.0% cap · market cap 3.50%
Second Best
Mixed Use
$518.2K
$453.4K – $604.6K
NOI $36,274 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$874.1K
$764.9K – $1.02M
NOI $61,189 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
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Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Staten Island, NY
Properties on Market for Mixed-use properties in Staten Island
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A professional office and separate one-bedroom apartment share a compact building with garage parking.
Where is this mixed-use property located?
The property is located at 391 Forest Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1,832‑square‑foot building with a professional office and one‑bedroom apartment; 0.0979‑acre site at 391 Forest Avenue in Staten Island; Built in 1931 with aluminum siding
