RealtyLens
for saleRealtyLens property overview
$520,000

6 Gipson St

Far Rockaway, NY, 11691
View more Far Rockaway, NY property pages
3Beds
3Baths
1,024Sqft
$508$/sqft

Listing Notes

"Bright & Spacious Corner Home with Endless Potential - Perfect for Investors!" This charming two-story, single-family home boasts an abundance of natural light and ample indoor and outdoor space. With tenants currently in place, including one paying $1,025, this property offers immediate rental income and the opportunity for growth. Located in a desirable neighborhood, it's ideal for investors looking to add value or for those seeking a home with potential. Close to stores, the library, and more. Nearby transportation includes the A/C train and buses.

Market Insights

Below nearby median-9.1%

$508/sqft vs a nearby median of $559/sqft.

Nearby median$559/sqft
Nearby properties12
Property size1,024 sqft
  • -9.1% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,024 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$561k$501k$621k · 33% confidence
vs ask $520k−$41k (−7.9%)

Asking price is about 7.9% below the fair value — likely to draw competing offers if it's still on market.

$559/sqft median across 4 tight comps × 1,024 sqft= $572k
  • Days-on-market gravity−$17k −3.0%
  • Transit access+$14k +2.5%
  • Pre-war character+$14k +2.5%
  • Visible condition issues−$14k −2.5%
  • Sparse street life−$9k −1.5%
Cumulative NYC adjustments−$11k−2.0%

Property Read

FreshnessCurrent market data

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

Market Position-9.1% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

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

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
189 days
Last price change
No change recorded
Listed
Nov 4, 2025
Photos
12 photos
Property type
single family
Status
for sale
Last sold
Dec 21, 1994 · $33,000

Features & Amenities

BasementTwo Or More StoriesRental PropertyLibrary

Photos

Price History

May 4, 2026Initial record
$520,000for 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.