Commercial Real Estate Market in Ozone Park, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
877 active listings and 10,248 off-market properties in Ozone Park, NY. Commercial property asks $1,058/SF to buy and $44.46/SF/Yr to lease.
Market Trends
Ozone Park, NY spans 1.8 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Ozone Park, NY asks $450/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Ozone Park, NY asks $599/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Ozone Park, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Ozone Park, NY asks $511/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Ozone Park, NY has 59,610 residents in 17,902 households. Density runs 33,619 people per square mile. Median household income here is $85,956 and median gross rent $1,906 a month.
59,610
Population
17,902
Households
3.3
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.8 sq mi
ZIP Area
33,619
Density / Sq Mi
$85,956
Median Household Income
$43,005
Median Earnings
$1,906
Median Rent
$732,662
Median Home Value
Tools
Lease vs Buy Breakeven
At $44.46/SF/Yr lease vs $1,058/SF buy → buying wins if held > 17.7 years.
At a 4.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jamaica | — | $44.46 |
| Flushing | — | $59.55 |
| Meadowmere Park | — | — |
| Long Island City | — | $46.85 |
Commercial property in Ozone Park, NY asks $1,058/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ozone Park?
Commercial property in Ozone Park, NY asks an average of $1,058 per square foot. The 6 most recent recorded sales traded at a median of $540/SF, so asking sits 96% above the achieved median. Retail carries the highest asking price at $599/SF.
How much does it cost to lease commercial space in Ozone Park?
Asking lease rates in Ozone Park, NY average $44.46 per square foot per year.
Is it cheaper to lease or buy commercial space in Ozone Park?
Buying beats leasing in Ozone Park, NY if the property is held longer than 17.7 years, comparing $44.46/SF/Yr asking rent with $1,058/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Ozone Park market data come from?
Realmo compiles Ozone Park, NY figures from 6 recent recorded sales, 742 active sale listings, 135 active lease listings, 10,248 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 742 active for-sale and 135 active for-lease listings in Ozone Park, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
