Queens » 11362 » 61st Ave » 24202 61st Ave

242-02 61st Avenue, Little Neck, NY 11362 - Property report

Also known as: 242-02 61st Ave

Property image for 242-02 61st Avenue, Little Neck, NY 11362

Property type

Shopping Center with or without Parking (K6)

Year built

1964

Lot sq. ft.

547,200

Sale price

$114,460,000 - M

General information

Address

Primary address

242-02 61st Avenue

Alternate address(es)

242-10 61st Ave
242-10 Rear 61st Ave

ZIP code

11362

Neighborhood

Douglaston

Borough

Queens

Block & lot

08286-0185

Building

Property type

Shopping Center with or without Parking (K6)

Building sq. ft.

296,432

Building dimensions

504 ft x 220 ft

Buildings on lot

Stories

Year built

1964

Last altered

1994

Building material

Sales

Sale date

07/21/2005

Sale price

$114,460,000 - M

Tax

Tax year

2026-2027

Property tax

$2,763,669

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

1082.33 ft x 810 ft

Lot sq. ft.

547,200

Area overview

Walk score

62 /100. Somewhat Walkable

Transit score

51 /100. Good Transit

Bike score

41 /100. Somewhat Bikeable

School district

Community district

Closest police station

1.44 Miles

Closest fire station

0.78 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 242-02 61st Avenue, Little Neck, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 242-02 61st Avenue, Little Neck, NY 11362

Sale date	Sale price	Buyer name	Seller name
07/21/2005	$114,460,000	XXXXXX XXXX XXXXXXXXXXX, XXX	XXXX "X" XX, XXX
07/12/2004	$58,100,000	XXX XXXXXXXXXX XXXXX XXXXXXXX XXXXXX XXX XXX XXXX XXXXXX XXXX. XXX XXXXX XXXXXXXX XXXXXXXXXX	XXXX XXXXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
08/16/2024 - R 08/07/2024 - D	Agreement (2024081500716001)	XXXXXXXXXX XXXXXXXX XXXXXX XXXXX XXX	XXXXX XX XXX XXX
02/09/2023 - R 10/17/2022 - D	Sundry Miscellaneous (2023020800539001)	XXXXXXXXXX XXXXXXXX XXXXXX XXXXX XXX
11/05/2020 - R	UCC3 Continuation (2020110301145001)	XXXXXXXXXX XXXXXXXX XXXXXX XXXXX XXX	XXXXX XX XXX XXX
02/05/2021 - R 10/30/2020 - D	Satisfaction of Mortgage (2021020300246001)	XXXXXXX XXXXXX XXX	XXXXXX XXXXX XXXXXXX
04/29/2019 - R 04/23/2019 - D	Agreement (2019042900310001)	XXXXX XX XXX XXX	XXXXXXXXXX XXXXXXXX XXXXXX XXXXX XXX
04/29/2019 - R 04/19/2019 - D	Memorandum of Lease (2019042700017001)	XXXXXXXXXX XXXXXXXX XXXXXX XXXXX XXX	XXXXX XXXX XXXXXXX XXX
03/04/2019 - R 11/28/2018 - D	Mortgage (2019030100420001)	XXXXXXX XXXXXX XXX	XXXXXX XXXXX XXXXXXX XXX
05/23/2018 - R 05/22/2018 - D	Certificate (2018052200449001)	XXXXXXXX XXXXX XXXXXX
05/23/2018 - R 05/17/2017 - D	Zoning Lot Description (2018052200449002)	XXXXXXXXXX XXXXXXXX XXXXXX XXXXX XXX
10/06/2016 - R 09/16/2016 - D	Agreement (2016100400919001)	XXXXXXX XXXXXX XXX	XXXXXX XXXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242-02 61st Avenue, Little Neck, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$2,763,669

Municipal exemptions

Recent tax assessments

Market value

$56,614,000

Assessed value

$25,476,300

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$63,302,000	$28,485,900	$26,707,140	10.848%	$2,897,191	$2,897,191	+3.90%
2024/25	$63,298,000	$28,484,100	$25,909,959	10.762%	$2,788,430	$2,788,430	-0.79%
2023/24	$60,118,000	$27,053,100	$26,535,060	10.592%	$2,810,594	$2,810,594	+6.12%
2022/23	$55,283,000	$24,877,350	$24,877,350	10.646%	$2,648,443	$2,648,443	-0.04%
2021/22	$54,745,000	$24,635,250	$24,635,250	10.755%	$2,649,521	$2,649,521	-6.36%
2020/21	$62,661,000	$28,197,450	$26,458,320	10.694%	$2,829,453	$2,829,453	+4.52%
2019/20	$62,027,000	$27,912,150	$25,690,173	10.537%	$2,706,974	$2,706,974	+3.19%
2018/19	$57,712,000	$25,970,400	$24,949,743	10.514%	$2,623,216	$2,623,216	+4.80%
2017/18	$57,448,000	$25,851,600	$23,807,461	10.514%	$2,503,116	$2,503,116	+6.75%
2016/17	$56,453,000	$25,403,850	$22,175,281	10.574%	$2,344,814	$2,344,814	+5.89%

Permits

Permit information for 242-02 61st Avenue, Little Neck, NY

Filing date	Job type	Job status	Job description	Initial cost
03/05/2026	Alteration
11/27/2023	Alteration
10/15/2023	Alteration
07/03/2023	Alteration
07/03/2023	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	05/03/2023	Bench-failure to benchmark none
	03/16/2022	Aeuhaz1-fail to certify class 1
	03/02/2022	Aeuhaz1-fail to certify class 1

*Most recent DOB violations on record for this property.

Listings

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Midland Pkwy & Hillside Ave at NE Corner

Station lines

Distance (miles)

3.656

View subway map

Access the detailed traffic volume map for 242-02 61st Avenue, Little Neck, NY 11362 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for 242-02 61st Avenue, Little Neck, NY 11362?

The development at 242-02 61st Avenue, Little Neck, NY 11362 was built in 1964.

What is the market value of 242-02 61st Avenue, Little Neck, NY 11362?

The current market value of 242-02 61st Avenue, Little Neck, NY 11362 is $56,614,000.

What is the total square footage of 242-02 61st Avenue, Little Neck, NY 11362?

242-02 61st Avenue, Little Neck, NY 11362 has a total of 296,432 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 15.

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.