John Saia Acquires Retail Property At 386 Forest Avenue In Staten Island For $2.2M
386 Forest Avenue
$2,200,000
$695/SF
Building Size
3,165 SF
Asset Type
Retail
Closing
Jun 25, 2025
AI
The property asset involved in the transaction is a retail space located at 386 Forest Avenue in Staten Island. The sale price for this asset was $2,200,000, and it encompasses a total area of 3,165 square feet, resulting in a price per square foot of $695.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 386 Forest Avenue
- Market: Staten Island
- Square Footage: 3,165
- Price per Square Foot: $695
- Buyer: John Saia
- Seller: Swayne Shu
- Brokers: Thomas Donovan, Tommy Lin & Eugene Kim - Meridian Capital Group
The key individuals involved in the deal include John Saia as the buyer and Swayne Shu as the seller. The transaction was facilitated by brokers Thomas Donovan, Tommy Lin, and Eugene Kim from Meridian Capital Group, who represented the buyer and seller in this real estate transaction.
Players
Staten Island Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93