Commercial Real Estate Market in S Ozone Park, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
874 active listings and 10,248 off-market properties in S Ozone Park, NY. Commercial property asks $1,039/SF to buy and $46.92/SF/Yr to lease.
Market Trends
S Ozone Park, NY spans 2.9 square miles in Queens County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in S 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 S 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 S 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 S 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
S Ozone Park, NY has 68,003 residents in 21,452 households. Density runs 23,407 people per square mile. Median household income here is $94,800 and median gross rent $2,046 a month.
68,003
Population
21,452
Households
3.2
Avg Household Size
39
Median Age
22%
College-Educated
80%
High-School Grad
2.9 sq mi
ZIP Area
23,407
Density / Sq Mi
$94,800
Median Household Income
$44,605
Median Earnings
$2,046
Median Rent
$652,202
Median Home Value
Tools
Lease vs Buy Breakeven
At $46.92/SF/Yr lease vs $1,039/SF buy → buying wins if held > 14.3 years.
At a 4.5% 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 | — | $46.92 |
| Meadowmere Park | — | — |
| Far Rockaway | — | — |
| Valley Stream | — | — |
Commercial property in S Ozone Park, NY asks $1,039/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in S Ozone Park?
Commercial property in S Ozone Park, NY asks an average of $1,039 per square foot. The 6 most recent recorded sales traded at a median of $540/SF, so asking sits 92% above the achieved median. Retail carries the highest asking price at $599/SF.
How much does it cost to lease commercial space in S Ozone Park?
Asking lease rates in S Ozone Park, NY average $46.92 per square foot per year.
Is it cheaper to lease or buy commercial space in S Ozone Park?
Buying beats leasing in S Ozone Park, NY if the property is held longer than 14.3 years, comparing $46.92/SF/Yr asking rent with $1,039/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 S Ozone Park market data come from?
Realmo compiles S Ozone Park, NY figures from 6 recent recorded sales, 737 active sale listings, 137 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 737 active for-sale and 137 active for-lease listings in S 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 · How Realmo checks market page data · Report a data issue
