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Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 Property Information

Also known as: 5444 Little Neck Pkwy, Little Neck, NY 11362

Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 Property Information

Also known as: 5444 Little Neck Pkwy, Little Neck, NY 11362

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 2
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Address

Building name Valerie Arms
Primary address Valerie Arms - 54-40 Little Neck Parkway
Secondary address 54-50 Little Neck Pkwy
Neighborhood Little Neck
Zip code 11362
Borough Queens
Block & lot 08256-0108

Sales & Tax Overview for 54-40 Little Neck Parkway, Little Neck

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 12/06/2021
Purchase price $202,500
Tax class
Estimated property tax $1,243,485

Lot & Building Information for 54-40 Little Neck Parkway, Little Neck

Lot sq. ft. 118,124
Lot dimensions 314 ft x 331 ft
Property type Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Building sqft 240,925
Building dimensions 71 ft x 270 ft
Buildings on lot 2
Stories 6
Year built 1962
Frontage(s) Little Neck Parkway (wide)
Little Neck Parkway (narrow)
Nassau Boulevard (wide)
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Zoning & Use for 54-40 Little Neck Parkway, Little Neck

Zoning
Residential units (DOF) 245
Regulated units
Commercial units 7
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 26
Community district 11
Closest police station 0.28 Miles
Closest fire station 0.80 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 54-40 Little Neck Parkway, Little Neck

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 54-50 Little Neck Pkwy, Little Neck, NY 11362

About 54-40 Little Neck Parkway, Little Neck

What is the year built & the total sq. ft. for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362?

Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 was built in 1962 and has a total of 240,925 square feet.

What is the assessed value of Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 and the property tax paid?

Assessed at $13,262,400, the tax amount paid for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 is $1,509,921. For the next year, the tax amount for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 is estimated at $1,243,485.

When was Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 last sold and what was the last sale price?

Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 was last sold in 12/06/2021 for $202,500.

How many residential units does this building have?

This building has 245 residential unit(s) and 7 commercial spaces.

Ownership Information for 54-40 Little Neck Parkway, Little Neck

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Property owner name for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362
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Building contacts for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 54-40 Little Neck Parkway, Little Neck

Create a free account to view the complete sales history for 54-40 Little Neck Parkway, Little Neck, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
12/06/2021 $202,500
07/27/2004 $120,000
07/16/2004 $85,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 54-40 Little Neck Parkway, Little Neck

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
08/07/2025 - D
09/23/2025 - R
Memorandum of Lease
(2025090400862001)
12/06/2021 - D
12/17/2021 - R
Both RPTT and RETT
(2021120901105001)
09/02/2021 - R UCC3 Termination
(2021083100387001)
04/20/2021 - R UCC3 Termination
(2021040100763002)
04/01/2021 - D
04/20/2021 - R
Satisfaction of Mortgage
(2021040100763001)
03/24/2021 - D
06/18/2021 - R
Asgn of Asgn of L&R
(2021061101287042)
03/24/2021 - D
06/18/2021 - R
Assignment, Mortgage
(2021061101287041)
02/26/2021 - D
03/26/2021 - R
Subordination of Mortgage
(2021030800580009)
02/26/2021 - D
03/26/2021 - R
Asgn of Asgn of L&R
(2021030800580008)
02/26/2021 - D
03/26/2021 - R
Assignment, Mortgage
(2021030800580007)
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R: Recorded date
D: Document date

Property Taxes for 54-40 Little Neck Parkway, Little Neck

Access detailed property tax data for Valerie Arms - Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $1,213,635
Estimated property tax: $1,243,485
Tax assessor's market value: $29,472,000
Assessed value: $13,262,400
Exemptions granted by city:

Assessment History for 54-40 Little Neck Parkway, Little Neck

Here's the assessment & property tax history for 54-40 Little Neck Parkway, Little Neck, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $29,472,000 $13,262,400 $12,138,608 12.439% $1,586,093 $1,211,783 +4.99%
2024/25 $27,956,000 $12,580,200 $11,931,700 12.5% $1,572,525 $1,154,237 -5.16%
2023/24 $28,475,000 $12,813,750 $11,960,630 12.502% $1,570,272 $1,216,996 +6.01%
2022/23 $29,650,000 $13,342,500 $11,821,100 12.267% $1,534,377 $1,147,964 +7.63%
2021/22 $27,330,000 $12,298,500 $11,186,841 12.235% $1,463,957 $1,066,580 -20.10%

Permits for 54-40 Little Neck Parkway, Little Neck

The complete history of permits filed for 54-40 Little Neck Parkway, Little Neck, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
10/21/2025 Alteration
03/14/2023 Alteration
02/14/2023 Alteration
12/14/2021 Alteration
08/11/2021 Alteration
08/10/2021 Alteration
08/10/2021 Alteration
12/16/2020 Alteration
12/09/2020 Alteration type 2
11/20/2020 Alteration type 2
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Little Neck Residential Market Stats

Access a detailed real estate market overview of Little Neck so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Little Neck and compare it to other neighborhoods in Queens.

Median Sale Price
$450,000
8.4% YoY
Median Price/Sqft
$726
-1.1% YoY
Queens Median Sale Price
$605,859
3.6% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Midland Pkwy & Hillside Ave at NE Corner
Station lines F
Distance (miles) 4.676
View subway map
Bus Routes
Name Nassau Bl/Little Neck Pky
Line Q30
Distance (miles) 0.061

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 94 David D Porter 9 Yes Public PK, K-5 333 0.77
P.S. 94 David D Porter 9 Yes Public PK, K-5 333 0.77
Yeshivat Ohr Haim NR No Private PK, K-6 0 0.05
Yeshivat Ohr Haim NR No Private PK, K-6 0 0.05
Divine Wisdom Catholic Academy NR No Private PK-8 427 0.49

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 67 Louis Pasteur 9 Yes Public 6-8 926 0.49
Divine Wisdom Catholic Academy NR No Private PK-8 427 0.49
Divine Wisdom Catholic Academy NR No Private PK-8 433 0.49
P.S. Q811 NR No Public K-12 452 0.66
Divine Wisdom Catholic Academy NR No Private PK, K-8 0 0.80

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Benjamin N Cardozo High School 6 Yes Public 9-12 3,100 1.87
Mesiuta Ohr Torah NR No Private 9-12 0 0.45
North Shore Hebrew Academy High School NR No Private 9-12 0 0.59
P.S. Q811 NR No Public K-12 452 0.66
North Shore Hebrew Academy High School NR No Private 9-12 431 1.18

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 54-40 Little Neck Parkway, Little Neck

Here are the neighbors for Valerie Arms - Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362.

Address Square feet Purchase date Purchase price
139-16 Newport Ave, Rockaway Park 3,753 06/27/1991
121-39 133rd St, South Ozone Park 3,290 07/22/2016 $475,000
24-24 88th St, East Elmhurst 1,224 09/24/2021
1 Rockaway Point Blvd, Breezy Point 350,000 07/23/2004
131-60 228th St, Springfield Gardens 1,645 03/02/1993
135-11 126th St, South Ozone Park 2,708 12/09/1987
37 W 15th Rd, Far Rockaway 1,975 10/21/2020 $425,000
6-04 Beach 19 St, Far Rockaway 1,860 11/12/2019 $620,000
10-24 Gipson St, Far Rockaway 3,450 11/12/2019 $688,000
42-48 196th St, Flushing 1,260 01/09/2004 $10
119-09 Nashville Blvd, Saint Albans 1,020 12/22/2006 $436,100
38-10 99th St, Corona 2,000 01/17/2017
4-14 Beach 120 St, Rockaway Park 1,287 03/06/2009
117-15 Francis Lewis Blvd, Cambria Heights 2,160 10/17/2007 $432,600
177-26 137th Ave, Jamaica 1,770 05/24/2002
64-45 Cloverdale Blvd, Oakland Gardens 2,880 01/11/2013 $1,225,000
2-48 Beach 131 St, Rockaway Park 2,220 01/08/2004
39-41 50th Ave, Sunnyside 2,200 04/19/2007 $820,000
14-74 Burton St, Whitestone 1,300 03/16/2021 $938,000
243-35 129th Ave, Rosedale 2,598 09/25/2003 $30,000
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