54-40 Little Neck Parkway #4A, Little Neck, NY 11362
$179,000 · 1 bath · built 1961 · MLS# 988699 · Active
BEST VALUE IN LITTLE NECK | RARE INDOOR GARAGE PARKING A fantastic opportunity to own in the desirable Valerie Arms community! This unit is has spacious living with a generous living and dining area, efficient kitchen, and abundant closet space—all at an exceptional value. One of the standout features is the highly coveted INDOOR GARAGE PARKING SPACE, an incredible convenience and a rare find at this price point. Enjoy a carefree lifestyle with an array of amenities, including a seasonal outdoor pool, fitness center/gym (optional fees), on-site laundry, 24-hour security,…
Co-ops in ZIP 11362 sold for a median of $347,000 (typically $245,000–$420,000) across 94 recorded sales between Oct 8, 2025 and Oct 1, 2026, up 11.2% on the 12 months before. This home's $179,000 list price sits in the entry co-op tier for ZIP 11362.
ZIP 11362 has about 4.6 months of co-op inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.
OneKey MLS (recorded Queens sales, trailing 12mo) + actual tax
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 10, 2026 7:30 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Little Neck Market Trend
Little Neck's monthly median has swung between $291K and $1.45M over the past 2 years — volatility that usually reflects a thin or mixed market rather than one steady trend. The typical recent sale has taken about 48 days to go under contract. Part of why that median has moved unevenly month to month is mix shift — which property types happen to sell. The roughly $450K blended median combines very different types, so a stretch heavy on multi-family (2-4 family) (around $1.62M) versus one heavy on co-ops (around $335K) can swing the all-types figure on its own, independent of any change in value. Of 371 recent sales, co-ops made up the largest share at about 53% with a median near $335K, single-family about 31% near $1.19M, condos about 9% near $769K, multi-family (2-4 family) about 6% near $1.62M. Because the most common type sold here is also the lowest-priced, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $1.19M, roughly $735K over the headline number, even though the higher-priced multi-family (2-4 family) in the mix pull the other way but at about 6% are too small a share to offset that drag. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.
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Looking for off-market opportunities or a property attorney's read on this listing? Contact Joseph DeVito — Lic. R.E. Associate Broker + NY-licensed real estate attorney.