New York City  »  11362  »  Little Neck Pkwy  »  5440 Little Neck Pkwy

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

Also known as: 54-40 Little Neck Pkwy

Property image for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362
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Property type

Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)

Year built

1962

Lot sq. ft.

118,124

Sale price

$202,500

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Valerie Arms
Primary address
Valerie Arms - 54-40 Little Neck Parkway
Alternate address(es)
54-40 - 54-44 Little Neck Pkwy
54-50 Little Neck Pkwy
ZIP code
11362
Neighborhood
Little Neck
Borough
Queens
Block & lot
08256-0108

Owner

Find out who owns Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362. Uncover corporate and individual owners with a free account.

Building
Property type
Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Building sq. ft.
240,925
Building dimensions
71 ft x 270 ft
Buildings on lot
2
Stories
6
Year built
1962
Sales
Sale date
12/06/2021
Sale price
$202,500
Tax
Tax year
2026-2027
Property tax
$1,231,207
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
245
Residential sq. ft.
Commercial units
7
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
Little Neck Parkway (wide)
Little Neck Parkway (narrow)
Nassau Boulevard (wide)
Distance to wide street
Lot dimensions
314 ft x 331 ft
Lot sq. ft.
118,124

Area overview

Walk score
83 /100.  Very Walkable
Transit score
56 /100.  Good Transit
Bike score
47 /100.  Somewhat Bikeable
School district
26
Community district
11
Closest police station
0.28 Miles
Closest fire station
0.80 Miles

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

Units for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY

Unit Sale date Sale price Sq. ft. Price/Sq. ft.
Unit 10
Unit 14
Unit 14A
Unit 1A 08/22/2013
Unit 1B 04/28/2022
Unit 1C 10/23/2024
Unit 1D 12/13/2024
Unit 1E 04/10/2019
Unit 1F 05/05/2021
Unit 1G 11/09/2017
Unit 1H 03/22/2018
Unit 1J 09/04/2025
Unit 1K 07/30/2025
Unit 1L 10/13/2021
Unit 1M 01/30/2025
Unit 1N 10/22/2019
Unit 1O 08/13/2024
Unit 1P 08/04/2022
Unit 1R 04/26/2022
Unit 1S 04/14/2023
Unit 1T 04/16/2024
Unit 1U 06/11/2018
Unit 1V 07/25/2018
Unit 1W 11/16/2021
Unit 20
Unit 2A 02/28/2025
Unit 2B 12/13/2021
Unit 2C 02/28/2018
Unit 2D 09/19/2023
Unit 2E 04/16/2025
Unit 2F 04/16/2024
Unit 2G
Unit 2H 04/16/2024
Unit 2J 06/24/2010
Unit 2K 01/16/2026
Unit 2L 01/11/2021
Unit 2M,L
Unit 2M 06/15/2017
Unit 2N 05/09/2012 840
Unit 2O 11/18/2021
Unit 2P 06/06/2013
Unit 2R 10/22/2010
Unit 2S 12/29/2016
Unit 2T 02/27/2025
Unit 2U 09/01/2015
Unit 2V 09/17/2015
Unit 2W 10/13/2016
Unit 30
Unit 36
Unit 3A 06/04/2018
Unit 3B 07/29/2021
Unit 3C 01/13/2021
Unit 3D
Unit 3E 05/06/2021
Unit 3F 07/27/2011
Unit 3G 03/04/2020
Unit 3H 02/17/2022
Unit 3J 11/09/2023
Unit 3K 02/03/2022
Unit 3L 11/01/2022
Unit 3M 04/18/2016
Unit 3N 09/20/2023
Unit 3O 04/16/2024
Unit 3P 04/11/2024
Unit 3R 10/08/2025
Unit 3S 12/11/2017
Unit 3T 10/04/2019
Unit 3U 06/28/2012
Unit 3V 04/18/2023
Unit 3W 02/20/2009
Unit 40
Unit 4
Unit 4A 09/11/2015
Unit 4B 04/03/2013
Unit 4C 05/06/2019
Unit 4D 03/16/2017
Unit 4E 08/16/2018
Unit 4F 02/21/2025
Unit 4G 04/09/2012
Unit 4H 07/27/2021
Unit 4J 04/14/2023
Unit 4K 09/16/2025
Unit 4L 12/30/2022
Unit 4M 04/30/2026
Unit 4N 11/22/2023 800
Unit 4O 02/18/2025
Unit 4P 12/09/2021
Unit 4R 08/12/2021
Unit 4S 03/30/2016
Unit 4T 11/23/2022
Unit 4U 07/19/2022
Unit 4V 06/24/2021
Unit 4W 06/14/2024
Unit 51
Unit 5A 02/22/2018
Unit 5B 05/16/2018
Unit 5C 04/29/2024
Unit 5D 12/08/2016
Unit 5E 10/27/2014
Unit 5F 01/17/2023
Unit 5G 05/14/2026
Unit 5H 02/12/2020
Unit 5J 02/02/2016
Unit 5K 07/26/2016
Unit 5L 08/08/2019
Unit 5M 12/30/2019
Unit 5N 03/13/2024
Unit 5O 06/04/2018
Unit 5P 08/14/2025
Unit 5R 06/01/2021
Unit 5S 03/30/2023
Unit 5T 05/06/2022
Unit 5U 09/19/2022
Unit 5V 12/18/2017
Unit 5W 04/06/2006
Unit 6A 06/01/2026
Unit 6B 12/08/2025
Unit 6C 10/06/2023
Unit 6D 12/10/2018
Unit 6E 08/10/2022
Unit 6F
Unit 6G 07/28/2005
Unit 6H 07/08/2026
Unit 6J 10/04/2024
Unit 6K 06/18/2026
Unit 6L 01/13/2026
Unit 6M 03/23/2023
Unit 6N 06/24/2008
Unit 6O
Unit 6P 04/13/2022
Unit 6R 06/28/2018
Unit 6S 06/11/2018
Unit 6T 05/15/2025
Unit 6U 10/28/2024
Unit 6V
Unit 6W 04/16/2024
Unit 7N
Unit 8256
Ownership

Ownership information for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362

Sale date Sale price Buyer name Seller name
12/06/2021 $202,500 XXXXXXXX XXXXX, XXXXX XXX XXXXX, XXXXX X XXXXXXX, XXXXXXX XX XXX XXXXX, XXXXXX
07/27/2004 $120,000 XXXXXX, XXXX X XXXX, XXXXX X
07/16/2004 $85,000 XXXXXX, XXXXX XXXXXXX, XXXXXX XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/20/2026 - R UCC3 Termination
(2026072000094001)		 XXXXXX XXXXXX XXXXXXXXXXXXX XXXXXXX XXXX
07/01/2026 - R UCC3 Termination
(2026070100005001)		 XXXXXXX XXXX X XXXX XX XXXXXXX X X
09/23/2025 - R
08/07/2025 - D		 Memorandum of Lease
(2025090400862001)		 XXXXXXX XXXX XXXXXXXXX XXXX XXX XXXXXXX XXXXXXXX
12/17/2021 - R
12/06/2021 - D		 Both RPTT and RETT
(2021120901105001)		 XXXXXXX XXXXXXX XX XXXXXXXX XXXXX XXXXX
09/02/2021 - R UCC3 Termination
(2021083100387001)		 XXXX XXXXXX X XXXXXXXX XXXXX XXXX X X
04/20/2021 - R UCC3 Termination
(2021040100763002)		 XXXXXXX XXXX XXXXXXXXX XXXX XXXXXXXX XXXX
04/20/2021 - R
04/01/2021 - D		 Satisfaction of Mortgage
(2021040100763001)		 XXXXXXX XXXX XXXXXXXXX XXXX XXXXXXXX XXXX
06/18/2021 - R
03/24/2021 - D		 Asgn of Asgn of L&R
(2021061101287042)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXXXXXX XXXXX X X XX XXXXXXX XXX XXX
06/18/2021 - R
03/24/2021 - D		 Assignment, Mortgage
(2021061101287041)		 XXXXXXXX XXXXXXXXXXX XXXX X X XXXXXXXXXX XXXXX X X XX XXXXXXX XXX XXX
03/26/2021 - R
02/26/2021 - D		 Subordination of Mortgage
(2021030800580009)		 XXXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXX XXXX XXXX XXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Valerie Arms - 54-40 Little Neck Parkway, 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
$1,231,207
Municipal exemptions
Recent tax assessments
Market value
$29,795,000
Assessed value
$13,407,750

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 $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%
2020/21 $28,490,000 $12,820,500 $10,881,774 12.267% $1,411,670 $1,334,867 +5.09%
2019/20 $26,793,000 $12,056,850 $10,183,508 12.473% $1,342,293 $1,270,189 +3.49%
2018/19 $28,695,000 $12,912,750 $9,731,294 12.612% $1,304,156 $1,227,311 +6.59%
2017/18 $26,115,000 $11,751,750 $9,053,026 12.719% $1,225,678 $1,151,454 +8.27%
2016/17 $23,705,000 $10,667,250 $8,249,434 12.892% $1,151,717 $1,063,517 +11.49%
Permits

Permit information for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
05/25/2026 A
05/25/2026 C
06/16/2024 C

*Most recent HPD violations on record for this property.

Neighborhood

Douglas Mnr, Douglaston, Little Neck residential market stats

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

Median sale price

—

Median price/sq. ft.

—

Queens median sale price

$595,000

1.7% 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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Midland Pkwy & Hillside Ave at NE Corner
Station lines
F
Distance (miles)
4.676
View subway map

Access the detailed traffic volume map for Valerie Arms - 54-40 Little Neck Parkway, 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
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-8 433 0.49
Divine Wisdom Catholic Academy NR No Private PK-8 433 0.49
Divine Wisdom Catholic Academy NR No Private PK-8 427 0.49
Lakeville Elementary School 9 No Public 1-5 762 0.51
P.S. 221 The North Hills School 9 No Public PK, K-5 543 0.57
P.S. 221 The North Hills School 9 No Public PK, K-5 543 0.57
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 67 Louis Pasteur 9 Yes Public 6-8 926 0.49
Divine Wisdom Catholic Academy NR No Private PK-8 433 0.49
Divine Wisdom Catholic Academy NR No Private PK-8 427 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
P.S. 224 NR No Public PK, K-8 450 1.13
Great Neck South Middle School 8 No Public 6-8 861 1.17
Silverstein Hebrew Academy NR No Private PK-8 239 1.34
P.S. Is 266 7 No Public PK, K-8 495 1.39
P.S. 23 At Queens Children Center NR No Public K-12 267 1.40
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
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
Great Neck South High School 9 No Public 9-12 1,262 1.31
P.S. 23 At Queens Children Center NR No Public K-12 267 1.40
NEW YORK CITY CHILDREN'S CENTER NR No Public 3, 5-12 39 1.40
Queens High School Of Teaching Liberal Arts And Sc 6 No Public 9-12 868 1.49
St Mary's College Prepartory High School NR No Private 9-12 679 2.31

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY

139-16 Newport Ave, Rockaway Park 121-39 133rd St, South Ozone Park 24-24 88th St, East Elmhurst 1 Rockaway Point Blvd, Breezy Point 131-60 228th St, Springfield Gardens 135-11 126th St, South Ozone Park 37 W 15th Rd, Far Rockaway 6-04 Beach 19 St, Far Rockaway 10-24 Gipson St, Far Rockaway 42-48 196th St, Flushing 119-09 Nashville Blvd, Saint Albans 38-10 99th St, Corona 4-14 Beach 120 St, Rockaway Park 117-15 Francis Lewis Blvd, Cambria Heights 177-26 137th Ave, Jamaica 64-45 Cloverdale Blvd, Oakland Gardens 2-48 Beach 131 St, Rockaway Park 39-41 50th Ave, Sunnyside 14-74 Burton St, Whitestone 243-35 129th Ave, Rosedale

Nearby ZIP codes for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY

11001, Nassau County, NY 11001, New York City, NY 11004, New York City, NY 11005, New York City, NY 11020, Nassau County, NY 11023, Nassau County, NY 11040, Nassau County, NY 11042, Nassau County, NY 11359, New York City, NY 11360, New York City, NY 11361, New York City, NY 11363, New York City, NY 11364, New York City, NY 11365, New York City, NY 11366, New York City, NY 11423, New York City, NY 11426, New York City, NY 11427, New York City, NY 11428, New York City, NY 11429, New York City, NY

Frequently asked questions

What is the year built for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362?

The development at Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 was built in 1962.

What is the total square footage of Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362?

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

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

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

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

Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 is currently assessed at $13,407,750.

What are the property taxes for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362?

The property taxes for Valerie Arms - 54-40 Little Neck Parkway, Little Neck, NY 11362 total $1,536,682.

How many residential units does this building have?

This building has 245 residential unit(s).

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