The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,300,000
42-46 247th St
Little Neck, NY, 11363
View more Little Neck, NY property pages3Beds
1.5Baths
1,496Sqft
$869$/sqft
Listing Notes
Whether you're looking to live in, generate rental income, or build a larger custom family home, this property presents a rare opportunity in one of Queens' most desirable neighborhoods. Located in the heart of Little Neck, Queens, this home is Zoned R3-1 which offers space, flexibility, and exceptional potential. Featuring 3 bedrooms, 1.5 bathrooms, a spacious kitchen, formal dining room, inviting living room, and a home office / sitting room, this property is ideal for both end-users and investors alike. Situated within a top-rated public school district # 26, this home provides both comfort and long-term value. Its convenient location offers easy access to the LIRR, MTA buses, schools, shopping, dining, and everyday essentials. R3-1 Zoning. All information deemed accurate yet should be independently verified by buyer agent / broker agent and or buyer. Shown by appointment.
Market Insights
Above nearby median+20%
$869/sqft vs a nearby median of $724/sqft.
Nearby median$724/sqft
Nearby properties12
Property size1,496 sqft
- +20% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 1,496 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.03M$934k – $1.12M · 50% confidence
vs ask $1.30M+$274k (+21.1%)
Asking price is about 21.1% above where comps + adjustments land — there is room to negotiate.
$718/sqft median across 10 tight comps × 1,496 sqft= $1.07M
- Transit access−$32k −3.0%
- Pre-war character+$27k +2.5%
- Visible condition issues−$27k −2.5%
- Sparse street life−$16k −1.5%
Cumulative NYC adjustments−$48k−4.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.
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Listing Details
- Days on market
- 15 days
- Last price change
- Down $198,000 (13%)
- Listed
- Apr 27, 2026
- Photos
- 17 photos
- Property type
- single family
- Status
- for sale
Features & Amenities
Dining RoomDishwasherHardwood FloorsBasementGarage 1 Or MoreModern KitchenLarge KitchenRental PropertyHome OfficeOfficeDenShopping
Photos
Price History
May 10, 2026diff
$1,300,000for sale
May 4, 2026Initial record
$1,498,000for sale