RealtyLens
for saleRealtyLens property overview
$899,000

248-29 88 Rd

Bellerose, NY, 11426
View more Bellerose, NY property pages
4Beds
1Baths
1,456Sqft
$617$/sqft

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

Near nearby median-1.1%

$617/sqft vs a nearby median of $624/sqft.

Nearby median$624/sqft
Nearby properties12
Property size1,456 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

Yardstick fair value$802k$730k$874k · 50% confidence
vs ask $899k+$97k (+10.8%)

Asking price is about 10.8% above where comps + adjustments land — there is room to negotiate.

$612/sqft median across 10 tight comps × 1,456 sqft= $891k
  • 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%
Cumulative NYC adjustments−$89k−10.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-1.1% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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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

Features & Amenities

Outdoor SpaceBasementTwo Or More StoriesGarage 1 Or MoreGarage 2 Or MoreGarage 3 Or MoreRental PropertyDenParkShopping

Photos

Price History

May 4, 2026Initial record
$899,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.