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    Property profile & analytics

    2348 Forest Ave Staten Island, NY 10303

    • Investment properties
    • 5,649 SF
    • 0.09 lot acres
    For Sale
    View listing
    $20,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-4127276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 2348 Forest Ave

    Year built
    2010
    Lot size
    0.09 lot acres
    Property size
    5,649 SF
    Zone code
    M1-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    01707-0041
    APU
    17070041

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $405,000
      6.5%
      $390,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $370,000
      Mixed-Use
      $390,000
      Hospitality
      $320,000
      Educational
      $425,000
      Residential Income
      $385,000
      Energy
      $400,000
      Income-Based Land
      $445,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1681
    Latitude
    40.6274
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,686
    $35,550
    $159,750
    $195,300
    -
    $79,000
    $355,000
    $434,000

    Comparable in this City

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    • Value Estimation by Request
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      2031 Frst Ave

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    • Value Estimation by Request
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      STORE/OFFICE (MIXED USE) • 55,311 SF
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    • Value Estimation by Request
      3,600 SF

      1841 Frst Ave

      STORE/OFFICE (MIXED USE) • 3,600 SF
      1841 Frst Ave, Staten Island, NY 10303-2125
      View Details
    • Value Estimation
      $360,000
      4,080 SF

      238 Morningstar Rd

      STORE/OFFICE (MIXED USE) • 4,080 SF
      238 Morningstar Rd, Staten Island, NY 10303-2813
      View Details
    • Value Estimation
      $370,000
      4,000 SF

      2178 Frst Ave

      STORE/OFFICE (MIXED USE) • 4,000 SF
      2178 Frst Ave, Staten Island, NY 10303-2910
      View Details

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    2348 Forest Ave
    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
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