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for saleRealtyLens property overview
$400,000
83-15 116th St Unit 1F
Richmond Hill, NY, 11418
View more Richmond Hill, NY property pages2Beds
1Baths
987Sqft
$405$/sqft
Market Insights
Below nearby median-37%
$405/sqft vs a nearby median of $641/sqft.
Nearby median$641/sqft
Nearby properties12
Property size987 sqft
- -37% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 987 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$604k$535k – $673k · 25% confidence
vs ask $400k−$204k (−51.0%)
Asking price is about 51.0% below the fair value — likely to draw competing offers if it's still on market.
$644/sqft median across 3 tight comps × 987 sqft= $636k
- Days-on-market gravity−$19k −3.0%
- Transit access−$10k −1.5%
- Visible condition issues−$3k −0.5%
Cumulative NYC adjustments−$32k−5.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 963 days
- Last price change
- No change recorded
- Listed
- Sep 22, 2023
- Photos
- 13 photos
- Property type
- coop
- Status
- for sale
Photos
Price History
May 4, 2026Initial record
$400,000for sale