Log In/Sign up
Your email has been sent.
9916 97th St 4,700 sq ft 100% Let Office Property Ozone Park, NY 11416 £2,185,744 (£465.05/sq ft) 7.91% Net Initial Yield
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 sq ft |
|---|---|---|
| Gross Rental Income |
£188,048
|
£40.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£188,048
|
£40.01
|
| Taxes |
£10,145
|
£2.16
|
| Operating Expenses |
£5,028
|
£1.07
|
| Total Expenses |
£15,173
|
£3.23
|
| Net Operating Income |
£172,875
|
£36.78
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £188,048 |
| Annual Per sq ft | £40.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £188,048 |
| Annual Per sq ft | £40.01 |
| Taxes | |
|---|---|
| Annual | £10,145 |
| Annual Per sq ft | £2.16 |
| Operating Expenses | |
|---|---|
| Annual | £5,028 |
| Annual Per sq ft | £1.07 |
| Total Expenses | |
|---|---|
| Annual | £15,173 |
| Annual Per sq ft | £3.23 |
| Net Operating Income | |
|---|---|
| Annual | £172,875 |
| Annual Per sq ft | £36.78 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Property Size
4,700 sq ft
Costar Property Class
B
Year Built
2006
Price
£2,185,744
Price per sq ft
£465.05
Yield
7.91%
NOI
£172,875
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,175 sq ft
Plot ratio
1.54
Total Plot Size
0.07 ac
Use Class
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 sq ft Leased)
AMENITIES
- 24 Hour Access
- Security System
- Roof Terrace
- Storage Space
- Sky Terrace
- Air Conditioning
- Balcony
1 1
Walk Score®
Excellent pedestrian access (90)
Transit Score®
Excellent Public Transport (85)
PROPERTY TAXES
| Parcel Number | 09071-0108 | Total Assessment | £81,161 (2025) |
| Land Assessment | £19,435 (2025) | Annual Taxes | £10,145 (£2.16/sq ft) |
| Improvements Assessment | £61,725 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
09071-0108
Land Assessment
£19,435 (2025)
Improvements Assessment
£61,725 (2025)
Total Assessment
£81,161 (2025)
Annual Taxes
£10,145 (£2.16/sq ft)
Tax Year
2024
1 of 34
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
9916 97th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.