Individually Owned 
For Sale
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2348 Forest Ave, Staten Island, NY 10303
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Property summary
AI-generated overview
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 profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2010
Total area
5,649 SF
Lot
0.09 ac (3,950 SF)
Zoning code
M1-1
APN
01707-0041
UPID
US63-4127276
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$335k
Owner & transaction history
since 2012
1 recorded transaction
Zoning & alternative use
M1-1 · Staten Island, NY
Top alternative use upside
Apartment house (5+ units)
$1.2M
+48.7%
Warehouse, storage
$1.1M
+30.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 32 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Estimated value / SF
$59 / SF
Confidence
High
32 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,649 SF
Lot area
0.09 ac
Year built
2010
Stories
2
APN
01707-0041
Zoning
M1-1
Assessed value
$195,300
Annual tax
$20,686
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$20,686
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.62M
Weighted, 20 comps · high confidence
Evidence
32 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 6,447 SF
3.0 mi away · 4,608 SF
3.1 mi away · 5,531 SF
4.6 mi away · 6,400 SF
4.8 mi away · 6,690 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$144
-59%
Submarket 369 sales
$245
-76%
County 369 sales
$245
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $59/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+49%
vs current-use indication
Warehouse, Storage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 32 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.11M
Move the market yield to see immediate price impact.
Value / SF
$551
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$196k
$3.92M
$2.80M
$2.18M
$218k
$4.36M
$3.11M
$2.42M
$240k
$4.79M
$3.42M
$2.66M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
32 found
High confidence · county-verified
Closest comparable
$1.90M
1.9 mi · Feb 2026 · $476/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,686
Tax year 2024
Assessed value
$195,300
Assessed 2024
Previous assessed
$195,300
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$35,550
Assessed improvement
$159,750
Land market value
$79,000
Improvement market value
$355,000
Total market value
$434,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2010
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
5,649 SF
Lot
0.09 ac (3,950 SF)
Zoning code
M1-1
APN
01707-0041
UPID
US63-4127276
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Staten Island, NYZoning M1-1 · permitted uses
M1-1 · Staten Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-1
Jurisdiction
Staten Island, NY
Recorded code
M1-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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