Commercial Real Estate Market in South Ozone Park, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
878 active listings and 10,248 off-market properties in South Ozone Park, NY. Commercial property asks $1,059/SF to buy and $44.46/SF/Yr to lease.
Market Trends
South 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 South 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 South 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 South 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 South 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
South 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 $44.46/SF/Yr lease vs $1,059/SF buy → buying wins if held > 17.8 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 |
| Meadowmere Park | — | — |
| Far Rockaway | — | — |
| Valley Stream | — | $23.75 |
Commercial property in South Ozone Park, NY asks $1,059/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Ozone Park?
Commercial property in South Ozone Park, NY asks an average of $1,059 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 South Ozone Park?
Asking lease rates in South Ozone Park, NY average $44.46 per square foot per year.
Is it cheaper to lease or buy commercial space in South Ozone Park?
Buying beats leasing in South Ozone Park, NY if the property is held longer than 17.8 years, comparing $44.46/SF/Yr asking rent with $1,059/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 South Ozone Park market data come from?
Realmo compiles South Ozone Park, NY figures from 6 recent recorded sales, 741 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 741 active for-sale and 137 active for-lease listings in South 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
