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    FOR LEASE
    Super regional malls

    2040 Forest Ave, Staten Island, NY 10303

    151,502 SF 8.38 ac lot Built 1992
    Entity Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US63-0751263
    Property summary
    AI-generated overview

    Forest Commons, located at 2040 Forest Avenue in Staten Island, New York (zip code 10303), offers exceptional retail opportunities. This 165,060 square foot shopping center sits on an 11.2-acre lot and boasts 583 parking spaces, ensuring ample convenience for customers. The property is strategically positioned on a major east/west retail corridor in the northwestern quadrant of Staten Island, conveniently serving the neighborhoods north of the Staten Island Expressway (I-278). Currently, there are multiple retail spaces available, ranging from a minimum of 3,604 square feet to a maximum contiguous space of 4,072 square feet. A total of 11,349 square feet is currently vacant. Forest Commons is a thriving community center anchored by a Western Beef grocery store and complemented by a diverse mix of established tenants including Planet Fitness, Dollar Tree, Snipes, and Advance Auto Parts. This prime location and strong tenant mix provide a stable and attractive investment opportunity for businesses seeking high visibility and foot traffic in a densely populated area of Staten Island. The property is situated in Richmond County, New York.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1992
    Total area 151,502 SF
    Lot 8.38 ac (365,076 SF)
    Zoning code C8-1
    APN 01696-0008
    UPID US63-0751263
    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
    • Furniture Zone Furniture & Home Goods Home Decor Store
    • Tinger Kimberly C DDS Dental Office
    • Dr. Shaheen R. Khalid, MD Physician
    • D|| Clothing Store
    • Marshall Steven Skopp Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.66M
    Owner & transaction history
    Vornado Forest Plaza LLC · 22 yrs held
    Vornado Forest Plaza LLC
    since 2004
    2 recorded transactions
    2004
    $325,000
    1969
    Zoning & alternative use
    C8-1 · Staten Island, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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