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9916 97th St 4,700 SF 100% Leased Office Building Ozone Park, NY 11416 $4,115,840 CAD ($875.71 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$354,102
|
$75.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$354,102
|
$75.34
|
| Taxes |
$19,103
|
$4.06
|
| Operating Expenses |
$9,468
|
$2.01
|
| Total Expenses |
$28,571
|
$6.08
|
| Net Operating Income |
$325,531
|
$69.26
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $354,102 |
| Annual Per SF | $75.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $354,102 |
| Annual Per SF | $75.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,103 |
| Annual Per SF | $4.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,468 |
| Annual Per SF | $2.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,571 |
| Annual Per SF | $6.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $325,531 |
| Annual Per SF | $69.26 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,700 SF
Building Class
B
Year Built
2006
Price
$4,115,840 CAD
Price Per SF
$875.71 CAD
Cap Rate
7.91%
NOI
$325,531 CAD
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 | $153,191 CAD (2025) |
| Land Assessment | $36,684 CAD (2025) | Annual Taxes | $19,103 CAD ($4.06 CAD/SF) |
| Improvements Assessment | $116,507 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
09071-0108
Land Assessment
$36,684 CAD (2025)
Improvements Assessment
$116,507 CAD (2025)
Total Assessment
$153,191 CAD (2025)
Annual Taxes
$19,103 CAD ($4.06 CAD/SF)
Tax Year
2024
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9916 97th St
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