Shopping center · Port Richmond, Staten Island

1489 Forest Avenue

Staten Island, NY 10302

1489 Forest Avenue is a 1-floor shopping center in Port Richmond, Staten Island, built in 1957, with about 245,000 square feet of retail space according to city records.

Also at 22-60 Barrett Avenue, 74 Barrett Avenue, 84 Barrett Avenue and 1489-1571 Forest Avenue.

Retail space
245K SF
Floors
1
Year built
1957
Zoning
C4-1

Commercial space next to its nearest neighbors

  1. 1489 Forest AvenueThis building245K SF
  2. 125 Lake Avenue16 min walk167K SF
  3. 1351 Forest Avenue4 min walk108K SF
  4. 175 Lake Avenue16 min walk52K SF

Compare it with 5 neighbors

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Compared with its neighbors

How 1489 Forest Avenue compares

Next to the 5 nearest large commercial buildings, all within a 20 minute walk, 1489 Forest Avenue is the largest by commercial floor area. It went up in 1957; the median neighbor dates from 1981. Its estimated property tax, about $4.81 a square foot of floor area before abatements, is below the neighbors' median of $5.78.

1489 Forest Avenue and the 5 nearest large commercial buildings: size, floors, year built, estimated property tax per square foot
BuildingCommercial spaceFloorsBuiltTax / SF
1489 Forest AvenueThis building245K SFretail11957$4.81
1351 Forest Avenue4 min walk108K SFretail11981$7.61
175 Lake Avenue16 min walk52K SFindustrial and storage11945$3.37
125 Lake Avenue16 min walk167K SFindustrial and storage21945$2.16
2604 Richmond Terrace19 min walk92K SFindustrial and storage62020$5.78
2040 Forest Avenue20 min walk152K SFretail11992$7.91

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
22-60 Barrett Avenue; 74 Barrett Avenue; 84 Barrett Avenue; 1489-1571 Forest Avenue
ZIP code
10302
Building type
Shopping center (city class K6)
Total floor area
245,118 SF
Commercial floor area
245,118 SF
Retail
245,118 SF
Height
1 floor
Year built
1957
Lot area
586,050 SF
Zoning district
C4-1
Built FAR
0.42
Max commercial FAR
1
Tax lot (BBL)
5010530138

Nearest subway

No subway within a short walk. The nearest station is more than 1,600 meters away (about a 20-minute walk before allowing for the street route).

  • Grasmereabout 3.2 miles in a straight line · Not accessible

Other ways around Port Richmond

  • Bayonne Bridge to New Jersey
  • Local and express buses (no subway or Staten Island Railway)

Neighborhood connections, not directions from this building. Check the route for your trip.

Nearby large buildings

All 6 large retail buildings on Forest Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-11; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-11. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 21 storefronts at 1489 Forest Avenue for December 31, 2024, the newest annual filing the city has published, and 6 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2021.

Storefronts registered for December 31, 2024
21
Vacant that day
6
Share vacant here
28.6%
Share vacant across Port Richmond
11.3%
Share vacant along Forest Avenue
14.7%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 2019None registered
  • 2020None registered
  • 20214 of 19
  • 20225 of 19
  • 20232 of 18
  • 20246 of 21

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 1489 Forest Avenue? Listing it is free, and it is matched against every active requirement for retail space in Port Richmond the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-11. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists KIOP FOREST AVE L.P. as the owner of record. For tax year 2026/27 the city values 1489 Forest Avenue at $27.5 million and assesses it at $12.4 million. After phase-ins and exemptions its taxable value is $10.9 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.18 million a year before abatements, roughly $4.81 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
KIOP FOREST AVE L.P.
Tax class
Class 4 (commercial and industrial)
City market value
$27,522,000
Land market value
$17,582,000
Assessed value
$12,384,900
Taxable value (phased in)
$10,861,650
Estimated yearly tax
About $1.18 million
Tax per SF of floor area
About $4.81

City market value by tax year

  • 2022/23$21 million
  • 2023/24$21.3 million
  • 2024/25$24.4 million
  • 2025/26$26.6 million
  • 2026/27$27.5 million

Market value rose 31% from 2022/23 ($21 million) to 2026/27.

Commercial property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-11; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

Own or manage 1489 Forest Avenue? List a space here free and we match it against every active requirement.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

1489 Forest Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 59.5 kBtu per square foot, 48% below the national median of 114.5 for a similar property. Its greenhouse gas emissions were about 1,264 metric tons of CO2e (5.16 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Strip Mall
Site energy use intensity
59.5 kBtu/SF
National median for the type
114.5 kBtu/SF
Greenhouse gas emissions
1,264 t CO2e
Emissions per SF
5.16 kg CO2e
Floor area in the filing
245,118 SF

Energy sources in 2024

  • Electricity54%
  • Natural gas46%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-11; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 19 jobs at 1489 Forest Avenue. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1 and the cellar, was first permitted in January 2026 (construction, sprinklers; filed cost estimate $452,000).

New jobs, last 12 months
19
Initial permits, last 12 months
19
Newest job first permitted
September 2026
Interior build-outs, last 24 months
7
Floors with interior work, last 24 months
1, cellar

Recent build-outs

  • Floor 1, cellarJanuary 2026Construction, Sprinklers; 3 jobs; est. $452,000
  • Floor 1, roofJanuary 2026Mechanical, Structural; 2 jobs; est. $388,000; signed off
  • Floor 1, cellar, roofJanuary 2026Mechanical, Plumbing; 2 jobs; est. $1 million
  • Floor 1, cellar, open space, roofDecember 2025Construction; est. $928,000; signed off
  • Floor 1, roofJune 2025Construction; est. $398,000; signed off
  • Floor 1March 2025Construction, Mechanical, Plumbing, Structural; 2 jobs; est. $250,000; signed off

The newest 6 of 7 in the last 24 months.

New jobs by year

  • 20212
  • 202216
  • 20233
  • 202413
  • 20256
  • 2026 to date18

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-11 (permits issued through 2026-10-09). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

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Questions about 1489 Forest Avenue

How big is 1489 Forest Avenue?

1489 Forest Avenue has about 245,000 square feet of floor area in total, including 245,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 1489 Forest Avenue built?

City records list 1957 as the year built. The building is 1 floor tall.

What other addresses does 1489 Forest Avenue have?

City records list 22-60 Barrett Avenue, 74 Barrett Avenue, 84 Barrett Avenue and 1489-1571 Forest Avenue on the same tax lot (BBL 5010530138) as 1489 Forest Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 1489 Forest Avenue?

1489 Forest Avenue is in ZIP code 10302, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1489 Forest Avenue, Staten Island, NY 10302, in Port Richmond.

What is the zoning at 1489 Forest Avenue?

The lot is in the C4-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.42 and a maximum commercial FAR of 1 for this lot.

What subway station is closest to 1489 Forest Avenue?

No subway within a short walk of 1489 Forest Avenue: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to 1489 Forest Avenue is Grasmere (the Staten Island Railway), about 3.2 miles away in a straight line; the street route is longer. Other ways around Port Richmond: Bayonne Bridge to New Jersey; Local and express buses (no subway or Staten Island Railway). These are neighborhood connections, not directions from the building.

Who owns 1489 Forest Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists KIOP FOREST AVE L.P. as the owner of record of 1489 Forest Avenue (BBL 5010530138). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are recorded by the Richmond County Clerk; Staten Island records are not in ACRIS, the city's system for the other four boroughs.

Does 1489 Forest Avenue have an energy grade?

1489 Forest Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 59.5 kBtu per square foot, 48% below the national median of 114.5 for a similar property. Its greenhouse gas emissions were about 1,264 metric tons of CO2e (5.16 kg per square foot).

Is there construction at 1489 Forest Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 19 jobs at 1489 Forest Avenue. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1 and the cellar, was first permitted in January 2026 (construction, sprinklers; filed cost estimate $452,000). These are the Department of Buildings' DOB NOW work permits for tax lot 5010530138. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 1489 Forest Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.9 million for 1489 Forest Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.18 million a year, roughly $4.81 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 5010530138 show the actual bill.

What is the assessed value of 1489 Forest Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 1489 Forest Avenue at $27.5 million ($17.6 million of it land) and its assessed value at $12.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 31% from 2022/23 ($21 million) to 2026/27.

Are there vacant storefronts at 1489 Forest Avenue?

Owners registered 21 storefronts at 1489 Forest Avenue for December 31, 2024, the newest annual filing the city has published, and 6 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2021. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there retail space for lease at 1489 Forest Avenue?

No space at 1489 Forest Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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