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    2348 Forest Ave Staten Island, NY 10303

    Sponsored
    For Sale
    Contact for pricing

    Prime location, 11,000 sq ft, $20,000 asking price

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 2348 Forest Avenue in Staten Island, NY 10303, presents a unique investment opportunity. The 11,000 square foot building sits on a 5,000 square foot lot and boasts a 16-20 foot ceiling height. Currently 85% complete, this brand-new construction offers a state-of-the-art design and the flexibility to be finished to suit a tenant's specific needs. Ideal for a restaurant, nightclub, or cabaret, the building's prime location on Forest Avenue ensures high traffic and proximity to numerous amenities. The asking price is $20,000. The property is offered as a triple net lease for a qualified tenant. This is a rare chance to acquire a nearly completed, high-visibility commercial space in a thriving Staten Island location. The building is a single unit. Note that the current NOI and cap rate are listed as zero, reflecting the property's incomplete status and the potential for customization.

    Property Features for 2348 Forest Ave

    General Information

    Property type
    Restaurants
    Square Feet
    11,000 SF

    Building Details

    Units
    1

    HighLights

    • $20,000 Asking Price
    • 11,000 SF Office/Retail Building in Staten Island, NY
    • Located at 2348 Forest Avenue, Staten Island, NY 10303
    • 5,000 SF Lot Size
    • 16‑20 Foot Ceiling Heights
    • Brand new construction, 85% complete, build‑to‑suit option available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Staten Island
    State
    New York
    Longitude
    -74.1680787
    Latitude
    40.62744

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 11,000 sq ft, $20,000 asking price
    Where is this restaurant located?
    The property is located at 2348 Forest Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: $20,000 Asking Price; 11,000 SF Office/Retail Building in Staten Island, NY; Located at 2348 Forest Avenue, Staten Island, NY 10303
    Request Owner's contact information
    2348 Forest Ave Staten Island, NY 10303
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    Staten Island, NY 10303
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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
    2348 Forest Ave Staten Island, NY 10303
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