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for saleRealtyLens property overview
$305,000
8385 116th St Apt 6F
Richmond Hill, NY, 11418
View more Richmond Hill, NY property pagesStudioBeds
1Baths
452Sqft
$675$/sqft
Listing Notes
Motivated owner, all reasonable offer will be consider. Nice studio condo in great area of Kew Garden, close to train station, supermarket, and local shopping. This building has security systems and good superintendents.
Market Insights
Above nearby median+67%
$675/sqft vs a nearby median of $405/sqft.
Nearby median$405/sqft
Nearby properties9
Property size452 sqft
- +67% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 452 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$177k$161k – $193k · 50% confidence
vs ask $305k+$128k (+42.0%)
Asking price is about 42.0% above where comps + adjustments land — there is room to negotiate.
$405/sqft median across 7 tight comps × 452 sqft= $183k
- Visible condition issues−$7k −4.0%
- Transit access+$1k +0.5%
Cumulative NYC adjustments−$6k−3.5%
Property Read
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 history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 56 days
- Last price change
- No change recorded
- Listed
- Mar 17, 2026
- Photos
- 6 photos
- Property type
- condos
- Status
- for sale
- Last sold
- Mar 4, 2008 · $165,000
Features & Amenities
Forced AirTwo Or More StoriesDenShopping
Price History
May 4, 2026Initial record
$305,000for sale