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    643 Forest Ave Staten Island, NY 10310

    Sponsored
    For Lease
    $47 SF/Yr

    Prime West Brighton Location, 11,040 SF

    Lot size:
    11,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 643-647 Forest Ave, West Brighton, Staten Island, presents a unique investment opportunity. The 11,040 square foot building, constructed in 1960, features a blend of retail and traditional office space across two stories. Currently undergoing renovations to create a "plain vanilla box" layout, this adaptable space offers significant potential for various businesses. The property boasts eight individual suites, with 463 square feet currently vacant, providing immediate occupancy options. Situated on a 10,695 square foot lot, the building has a floor area ratio (FAR) of 1.19, allowing for potential expansion or redevelopment subject to zoning regulations. The property is zoned C1-1 and its address is further identified by APN 5001640101 in Richmond County. While there are no on-site parking spaces, the property's location in a busy section of Staten Island offers convenient access to public transportation and ample street parking. The building is classified as Class B and lacks elevators. This versatile property is ideal for investors seeking a strong foothold in a thriving Staten Island market. The current renovation provides a blank canvas for customization, allowing future tenants to design the space to perfectly suit their needs. The cross street is Bement Ave. This is a rare opportunity to acquire a well-located, adaptable commercial property with significant upside potential.

    Property Features for 643 Forest Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,040 SF
    Class
    B
    Total Rate
    43240

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    643 Forest Ave.
    Size
    460 SF
    Rate per SF
    $47

    HighLights

    • 11,040 square foot, multi‑tenant retail and office building in West Brighton, Staten Island.
    • Eight suites totaling 11,040 square feet, with 463 square feet currently vacant.
    • Located on a 10,695 square foot lot, with a 1.19 FAR.
    • Class B building, constructed in 1960, featuring two stories.
    • No on‑site parking or elevators.
    • Zoned C1‑1 in Richmond County, APN 5001640101.
    Property Profile Location Intelligence

    Current Use by Public Records

    kawaii shop Corporate Gift Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1106203
    Latitude
    40.6299125

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    FAQs

    What type of property is this?
    Individual retail property - Prime West Brighton Location, 11,040 SF
    Where is this individual retail property located?
    The property is located at 643 Forest Ave Staten Island, NY.
    What is the lease rate?
    The lease rate is $47 SF/Yr.
    What are key features of this property?
    This property features: 11,040 square foot, multi-tenant retail and office building in West Brighton, Staten Island.; Eight suites totaling 11,040 square feet, with 463 square feet currently vacant.; Located on a 10,695 square foot lot, with a 1.19 FAR.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    643 Forest Ave Staten Island, NY 10310
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