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9916 97th St 4,700 SF 100% Leased Office Building Ozone Park, NY 11416 $2,950,000 ($627.66/SF) 7.91% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market Mixed-Use Building In Ozone Park For Sale!!!
- The Property Is Located In The Heart Of Ozone Park 2 Blocks Off Woodhaven Blvd.!!!
- The Building Has 62+ Feet Of Frontage On 97th Street!!!
- The Building Features Excellent Signage, Great Exposure, 8 Parking Spaces, High 11’ Ceilings, R4-1 Zoning, (3) 2 Br. Apts., Elevator, CAC, +++!!!
- Neighbors Include Chase Bank, Nissan, The Home Depot, Stop & Shop, CubeSmart Self Storage, Safeguard Self Storage, Marshalls, Raymour & Flanigan,+++!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market Mixed-Use Building In Ozone Park For Sale!!! The Building Features Excellent Signage, Great Exposure, 8 Parking Spaces, High 11’ Ceilings, R4-1 Zoning, (3) 2 Br. Apts., Elevator, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Ozone Park 2 Blocks Off Woodhaven Blvd.!!! Neighbors Include Chase Bank, Nissan, The Home Depot, Stop & Shop, CubeSmart Self Storage, Safeguard Self Storage, Marshalls, Raymour & Flanigan, CVS, Taco Bell, McDonald’s, Dollar Tree, Subway, Rite Aid, Pizza Hut, KFC, +++!!! The Building Has 62+ Feet Of Frontage On 97th Street!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
LL:
Wine Distributor (1,800 Sqft.): $45,600 Ann.; M-M.; Been Here 15+ Years.
1st Floor:
Medical Office (1,800 Sqft.): $50,400 Ann.; Lease Exp. 5/26/26. No Options. Been Here Since 2017.
2nd Floor:
Apt 1. (2 Br. Apt.; 1,600 Sqft.): $48,600 Ann.
3rd Floor:
Apt. 2 (2 Br. Apt.; 1,600 Sqft.): $48,600 Ann.
4th Floor:
Apt. 3 (2 Br. 2,400 Sqft. Penthouse + 200 Sqft. Terrace): $57,600 Ann.
Medical Office Tax Rebate: $3,000 Ann.
Gross Income: $253,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $860 Ann. (Hallway Only)
Maintenance & Repairs: $250 Ann.
Insurance: $3,276 Ann.
Water & Sewer: $2,400 Ann.
Trash: $0 Ann.
Taxes: $13,692 Ann.
Total Expenses: $20,478 Ann.
Net Operating Income (NOI): $233.322 Ann. (7.91% Cap!!!)
Income:
LL:
Wine Distributor (1,800 Sqft.): $45,600 Ann.; M-M.; Been Here 15+ Years.
1st Floor:
Medical Office (1,800 Sqft.): $50,400 Ann.; Lease Exp. 5/26/26. No Options. Been Here Since 2017.
2nd Floor:
Apt 1. (2 Br. Apt.; 1,600 Sqft.): $48,600 Ann.
3rd Floor:
Apt. 2 (2 Br. Apt.; 1,600 Sqft.): $48,600 Ann.
4th Floor:
Apt. 3 (2 Br. 2,400 Sqft. Penthouse + 200 Sqft. Terrace): $57,600 Ann.
Medical Office Tax Rebate: $3,000 Ann.
Gross Income: $253,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $860 Ann. (Hallway Only)
Maintenance & Repairs: $250 Ann.
Insurance: $3,276 Ann.
Water & Sewer: $2,400 Ann.
Trash: $0 Ann.
Taxes: $13,692 Ann.
Total Expenses: $20,478 Ann.
Net Operating Income (NOI): $233.322 Ann. (7.91% Cap!!!)
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$253,800
|
$54.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$253,800
|
$54.00
|
| Taxes |
$13,692
|
$2.91
|
| Operating Expenses |
$6,786
|
$1.44
|
| Total Expenses |
$20,478
|
$4.36
|
| Net Operating Income |
$233,322
|
$49.64
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $253,800 |
| Annual Per SF | $54.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $253,800 |
| Annual Per SF | $54.00 |
| Taxes | |
|---|---|
| Annual | $13,692 |
| Annual Per SF | $2.91 |
| Operating Expenses | |
|---|---|
| Annual | $6,786 |
| Annual Per SF | $1.44 |
| Total Expenses | |
|---|---|
| Annual | $20,478 |
| Annual Per SF | $4.36 |
| Net Operating Income | |
|---|---|
| Annual | $233,322 |
| Annual Per SF | $49.64 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,700 SF
Building Class
B
Year Built
2006
Price
$2,950,000
Price Per SF
$627.66
Cap Rate
7.91%
NOI
$233,322
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,175 SF
Building FAR
1.54
Lot Size
0.07 AC
Zoning
R4-1 - districts allow all types of housing at a slightly higher density than permitted in R3-2 districts
Parking
8 Spaces (1.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Roof Terrace
- Storage Space
- Sky Terrace
- Air Conditioning
- Balcony
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (85)
Property Taxes
| Parcel Number | 09071-0108 | Total Assessment | $109,539 (2025) |
| Land Assessment | $26,231 (2025) | Annual Taxes | $13,692 ($2.91/SF) |
| Improvements Assessment | $83,308 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
09071-0108
Land Assessment
$26,231 (2025)
Improvements Assessment
$83,308 (2025)
Total Assessment
$109,539 (2025)
Annual Taxes
$13,692 ($2.91/SF)
Tax Year
2024
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9916 97th St
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