RealtyLens
for saleRealtyLens property overview
$1,899,000

99-13 62nd Dr

Rego Park, NY, 11374
View more Rego Park, NY property pages
8Beds
4Baths
1,380Sqft
$1376$/sqft

Listing Notes

LOCATION, LOCATION, LOCATION! Prime investment opportunity in the heart of Rego Park. This legal 3-family pre-war townhouse sits on a 19x95 lot and features three full floors, an elongated garage, and multiple parking spaces - a rare parking goldmine with excellent income potential. The property includes a 2-bedroom unit on the first floor and two 3-bedroom units on the second and third floors. The first and third floor units have been recently vacated and are move-in ready. The second-floor unit has been fully renovated with updated granite countertops, custom cabinetry, stainless steel appliances, and brand-new bathrooms. The current tenant is paying $3,500/month on a month-to-month basis. The third-floor apartment is currently under minor renovations, and updated photos will be provided once the work is completed. Additionally, the third-floor unit includes a convenient laundry hamper located in the bathroom for added functionality. Ideal for investors or end-users seeking strong rental income while occupying one unit, this middle-unit townhouse also offers approximately 50% savings on utility bills. The roof crawl space is insulated for additional sealing and energy efficiency. Situated on a wide, sunny street with excellent feng shui, the home also features a private backyard oasis perfect for outdoor enjoyment and entertaining. Conveniently located near elementary, middle, and high schools, as well as a variety of shops and restaurants. Just steps from Rego Center and Queens Center, with easy access to buses, trains, major highways, and only minutes from Queens Boulevard. A rare opportunity for investment or comfortable multi-generational living. Property sold as is.

Market Insights

Above nearby median+57%

$1376/sqft vs a nearby median of $877/sqft.

Nearby median$877/sqft
Nearby properties8
Property size1,380 sqft
  • +57% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,380 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.22M$1.09M$1.35M · 33% confidence
vs ask $1.90M+$683k (+36.0%)

Asking price is about 36.0% above where comps + adjustments land — there is room to negotiate.

$877/sqft median across 4 tight comps × 1,380 sqft= $1.21M
  • Transit access+$6k +0.5%
Cumulative NYC adjustments+$6k+0.5%

Property Read

FreshnessCurrent market data

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

Market Position+57% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

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

Diligence Read4 items 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
0 days
Last price change
No change recorded
Listed
May 12, 2026
Photos
25 photos
Property type
single family
Status
for sale
Last sold
Jan 9, 1986 · $269,500
Garage
1 space

Features & Amenities

Garage 1 Or MoreBasementPrivate BackyardRental PropertyEfficientInvestment OpportunityShoppingFixer Upper

Photos

Price History

May 13, 2026Initial record
$1,899,000for 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.