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242-36 51st Ave

Little Neck, NY 11362

Property Overview

Active Listing

1 / 2

2 listing photos · Tap Enlarge for full-size view

Initializing street view...

Specs

Beds

2.5

Baths

Interior Living Space (Sq Ft)

2460 sq ft

Lot Size (Sq Ft)

0 sq ft

Year Built

1990

Price/Sq Ft (Living Area)

Price/Sq Ft (Lot Size)

Lifestyle

Walk Score

Transit Score

Neighborhood Vibe

A calculation based on nearby amenity density.

Taxes

Latest Check

Tax Year

Annual Tax

N/A

Assessed Value

N/A

Last Sale

2006

$795,000

Safety & Hazards

Safety Rating

Based on Crime & Hazards

Crime Rate Index

Very Low

0/100

Flood Risk

Little Neck has areas within Special Flood Hazard Areas (Zone A or V), but the specific flood zone for 24236 51st Avenue is not directly available in the search results.

Little Neck was impacted by Hurricane Sandy's storm surge in October 2012, affecting 30 properties. A flash flood in August 2011 caused significant flooding at the Little Neck Parkway and Horace Harding Expressway underpass.

Zumintel Report

Zumintel

EVALUATED FOR: LONG-TERM RENTAL

242-36 51st Ave, Little Neck, NY 11362

Single Family•July 19, 2026

21/100

Rental Score

ListingZillow Link

Executive Summary

Verdict Locked

This property offers strong rental income potential with an estimated monthly rent of $4,550, which is conservative but reasonable given the area's trends.

Est. Price

Square Feet

2,460

Year Built

1990

Configuration

4bd / 2.5ba

Market Context

Pricing PositionMarkedly high appreciation at 76.63% YoY is notable.
Source: Market Data
Liquidity RiskAverage days on market at 40, indicating moderate liquidity.
Source: Market Data
NeighborhoodPredominantly residential with recent adjustments in median listing prices.
Source: Market Data
Local MarketMedian Neighborhood Price: $601,000 (+76.63% YoY)Market Velocity: Decreasing • Inventory: High • Avg DOM: 40 days
Investment PotentialEstimated Rent: $6,060/moCap Rate: - • 5-Year Growth: -

Location & Commute

Limited transit score, implying need for car dependency.
Source: Market Data
Located in a low-crime index area, contributing to safety.
Source: Market Data
Proximity to residential amenities is limited.
Source: Market Data

Property

Market Opportunity Synthesis

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Financial Performance

Based on 6.5% rate · 20% down · 30-yr fixed

Investment Analysis Locked

Detailed Cash Flow, Cap Rate, and ROI projections are available for Builder+ plans or by using Top-Up Credits.

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Comparative Market Analysis

Validate the asking price against recent comparable sales in the area. Includes similarity scoring, price adjustments, and exclusion reasoning.

Strategic Assessment

Key Advantages

•High year-over-year price appreciation.
Source: Market Data
•Safe neighborhood with low crime index.
Source: Market Data

Considerations

•Dependent on vehicle due to low transit scores.
Source: Market Data
•Supply exceeds demand, leading to a buyer's market.
Source: Market Data

Due Diligence

•Review area flood zone details, as property location is uncertain regarding flood risk.
Source: Market Data

Verdict Locked

Analyst Verdict

Based on current list price and market conditions.

STRONG BUY

Use-Case Alignment

living

Medium Match

Short-Term

Low Match

Living+STR

Low Match

rental

High Match

House Hack

Low Match

flip

Medium Match

Disclaimer: This report is for informational purposes only and does not constitute financial or real estate advice. Zumintel is not liable for any inaccuracies or the condition of the property. Users should conduct their own due diligence.

Definitions & Methodology

Cap Rate (Capitalization Rate)Net Operating Income (NOI) divided by the property asset value. It indicates the potential rate of return on the real estate investment.

Investment ScoreA proprietary composite score (0-100):

80-100: Excellent (Strong Cashflow & Potential)
60-79: Good (Stable, Moderate Returns)
40-59: Fair (Value Add Required)
<40: Risky (Negative Cashflow/High Risk)

Walk ScoreA measure of walkability based on the distance to nearby amenities. 90-100 is a "Walker's Paradise".

Transit ScoreEstimates how well a location is served by public transport. Calculated based on distance to nearest stops and frequency.

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Sources: RentCast • Google Maps & Places • Attom Data Solutions • OpenAI

Generated by Zumintel • Pro Tier Evaluation