The listing facts are current enough for an initial property review.
248-29 88 Rd
Listing Notes
Located within an R2A single-family zoning district, this Bellerose property presents a compelling opportunity for a substantial horizontal/vertical alteration. Set on an exceptional 30 x 172.5 ft. lot, the property offers uncommon depth for the neighborhood-creating the framework for a significantly expanded residence. Under current zoning, including recent modifications, the site supports approximately 3,880+ sq. ft. of buildable space (75% FAR), allowing for a custom home of scale rarely achievable in the immediate area. This expanded build envelope provides the flexibility to design a residence that stands apart-whether through a full reconfiguration or strategic enlargement. From additional bedrooms to expansive living areas and a reimagined kitchen footprint, the possibilities align with today's expectations for space and functionality. Few properties in the surrounding area offer this combination of lot depth and allowable square footage, making this a unique opportunity to create a home that meaningfully exceeds the prevailing neighborhood standard. Positioned on a quiet, east-facing block within District 26, and near local shops, parks, major roadways, and the LIRR, this offering combines location, scale, and long-term upside.
Market Insights
$617/sqft vs a nearby median of $624/sqft.
- -1.1% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 1,456 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 10.8% above where comps + adjustments land — there is room to negotiate.
- Visible condition issues−$45k −5.0%
- Transit access−$27k −3.0%
- Days-on-market gravity−$27k −3.0%
- Pre-war character+$22k +2.5%
- Sparse street life−$13k −1.5%
Property Read
The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.
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
- 193 days
- Last price change
- No change recorded
- Listed
- Oct 31, 2025
- Photos
- 22 photos
- Property type
- single family
- Status
- for sale
- Garage
- 3 spaces