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Property profile & analytics
FOR LEASE
Office buildings
1086 Forest Ave, Staten Island, NY 10310
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-1949403
For Lease
1 / 61
$22 SF/Yr
1086 Forest Ave, Staten Island, NY 10310
View Listing →
Property summary
AI-generated overview
This fully renovated, two-suite medical office building in Richmond County offers exceptional visibility and high vehicular traffic. The building, totaling 2,600 square feet, features an elevator for convenient access. Each suite is meticulously designed for medical practices, boasting 4-5 exam/office rooms complete with plumbing. Modern reception and waiting areas create a welcoming atmosphere for patients. Both suites include ADA-compliant bathrooms, ensuring accessibility for all. The second-floor suite encompasses 1,400 square feet, featuring 4-5 exam/office rooms, a spacious waiting area, a reception area, and two bathrooms, available for $3,000 per month. The third-floor suite offers 1,200 square feet, including 4 exam/office rooms, a waiting area, a reception area, and one bathroom, leased at $2,500 per month. These turnkey spaces are immediately available, presenting a rare opportunity for medical professionals seeking a prime location with exceptional amenities. The building's strategic location ensures high visibility and convenient access for patients and staff alike.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2009
Total area
5,184 SF
Lot
0.12 ac (5,250 SF)
Zoning code
R3-2
APN
00351-0032
UPID
US63-1949403
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Jay Basillote Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
1086 Forest Ave Ventures LLC · 6 yrs held
1086 Forest Ave Ventures LLC
since 2020
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
R3-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+11.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Staten Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staten Island submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$980,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,550,000
Current use
RETAIL STORES
$1,725,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.10M (Mar 6 2020)
Last sale anchor
$1.10M
Mar 6 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,585
Tax year 2024
Assessed value
$326,520
Assessed 2024
Previous assessed
$319,050
+2.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$101,520
Assessed improvement
$225,000
Land market value
$236,000
Improvement market value
$536,000
Total market value
$772,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2009
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
5,184 SF
Lot
0.12 ac (5,250 SF)
Zoning code
R3-2
APN
00351-0032
UPID
US63-1949403
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Staten Island, NY
Zoning R3-2 · permitted uses
R3-2 · Staten Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Staten Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
1086 Forest Ave Ventures LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1086 FRST AVE, STATEN ISLAND, NY 10310-2405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2020
—
1086 Forest Ave Ventures LLC
Avicenna Capital LLC
Grant Deed
—
Nov 14, 2018
$850,000
Avicenna Capital LLC
Giovinazzo,vincent J
Grant Deed
$595,000 · Ponce Bk
Dec 31, 2003
—
Vincent J Giovinazzo
Giovinazzo,jerome V & Selma D
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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