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for saleRealtyLens property overview
$589,000
1118 Bay 24th St
Far Rockaway, NY, 11691
View more Far Rockaway, NY property pages4Beds
2Baths
2,235Sqft
$264$/sqft
Market Insights
Below nearby median-41%
$264/sqft vs a nearby median of $447/sqft.
Nearby median$447/sqft
Nearby properties12
Property size2,235 sqft
- -41% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,235 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$974k$886k – $1.06M · 50% confidence
vs ask $589k−$385k (−65.4%)
Asking price is about 65.4% below the fair value — likely to draw competing offers if it's still on market.
$447/sqft median across 6 tight comps × 2,235 sqft= $999k
- Days-on-market gravity−$30k −3.0%
- Transit access+$5k +0.5%
Cumulative NYC adjustments−$25k−2.5%
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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Listing Details
- Days on market
- 974 days
- Last price change
- No change recorded
- Listed
- Sep 11, 2023
- Photos
- 13 photos
- Property type
- single family
- Status
- for sale
Photos
Price History
May 4, 2026Initial record
$589,000for sale