Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    97-08 Rockaway Blvd Ozone Park, NY 11417

    View on Map
    Picture of Investment properties at 97-08 Rockaway Blvd, Ozone Park, NY
    For Sale
    $12,000,000

    Commercial Building - Ozone Park, NY

    Property size:
    21,000 SF
    Added:
    Sep 15, 2025
    Days on Market:
    199
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 97-08 Rockaway Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Size
    21,000 SF

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Year built
    2018
    Year renovated
    2018
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Mayzlin
    Gary Mayzlin

    Listing agent Gary Mayzlin

    Listing office REAL ESTATE TRADE CO INC 44 COURT STREET STE 1217, BROOKLYN, NY

    Listing date Sep 15, 2025

    MLS# 11574738 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ozone Park Commercial Investment Property

    Located in Ozone Park, Queens, this investment property features a 21,000 square foot, two-story commercial building constructed in late 2018. The building is fully rented and houses five tenants under NNN leases. Constructed with concrete and steel, the property offers 189 feet of frontage on Rockaway Blvd. A tax abatement is in place. Tenants are responsible for all expenses, contributing to ease of management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aim High Leadership ... High School

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ozone Park
    County
    Queens
    State
    New York
    Longitude
    -73.841209
    Latitude
    40.67994

    Nearby Similar for Sale

    • $225,000

      Established Auto Workshop in Ozone

      Productive auto workshop with equipment and renewable lease.
      103 12 101 Street, Ozone Park, NY 11417
      View Details
    • $959,000

      Ozone Park Multi-Family Home

      Multi-family property with garage in Ozone Park, Queens.
      84-30 102nd Avenue, Ozone Park, NY 11416
      View Details
    • $1,999,888

      Ozone Park Mixed-Use Investment

      Income-producing property with storefront and residential units in Ozone Park.
      9206 95th Avenue, Ozone Park, NY 11416
      View Details
    • $875,000

      Ozone Park Multifamily Near Transit

      Multifamily property in Ozone Park, convenient to transportation and amenities.
      104-21 104th Street, Ozone Park, NY 11417
      View Details
    • $875,000
      1,653 SF

      Ozone Park Multi-Unit Near Transit

      Multi-unit property in Ozone Park near transportation and amenities.
      104-21 104 Street, Ozone Park, NY 11417
      View Details
    • $999,000
      2,400 SF

      Ozone Park Mixed-Use Building

      Mixed-use building with commercial space and two apartments.
      91-08 Liberty Avenue, Ozone Park, NY 11417
      View Details
    • $1,000,000

      Mixed-Use Property on Cross Bay

      Mixed-use property with storefront and residential units on high-traffic corridor.
      13503 Crossbay Boulevard, Ozone Park, NY 11417
      View Details
    • $900,000

      Ozone Park Commercial Opportunity

      Own real estate and a cash-flowing electrical business.
      9424 88th Street, Ozone Park, NY 11416
      View Details
    • $1,080,000
      2,660 SF

      Ozone Park Mixed-Use Investment

      Mixed-use property in Ozone Park's prime location.
      103-04 Liberty Avenue, Ozone Park, NY 11417
      View Details
    • $1,299,000

      Well-Maintained Two-Family Residence

      Impeccably maintained two-family residence in Ozone Park, NY.
      95-18 91st Street, Ozone Park, NY 11416
      View Details
    • $1,628,000

      Ozone Park Two-Family Brick Home

      New luxury two-family home in prime Ozone Park location.
      150-17 Hawtree Street, Ozone Park, NY 11417
      View Details
    • $875,000

      Renovated Two-Family Home in Ozone Park

      Updated two-family home with detached garage and private backyard.
      107-11 90th Street, Ozone Park, NY 11417
      View Details

    FAQs

    What type of property is this?
    Investment property - 21,000 SF fully rented commercial building in Ozone Park.
    Where is this investment property located?
    The property is located at 97-08 Rockaway Blvd Ozone Park, NY.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Fully rented commercial building, offering immediate income.; NNN leases ensure tenants cover all expenses.; Benefit from a tax abatement, enhancing profitability.
    (718) 809-6106
    We can help!
    Listing Contact
    Gary Mayzlin
    Gary Mayzlin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!