I'm sure it is in Queens, and it is way underpriced if it were in Greater Los Angeles or the San Francisco Bay area.
But that price is over twices as high as the same house in most of the Heartland. That's at best a $350,000 house in my neck-o-the-woods.
That property would be a steal in the Los Angeles area at $1M.
I live in a neighborhood of modest post-war, in need of a LOT of repair homes outside of Los Angeles, ≈ 1600 sq.ft.
You won’t find anything in this neighborhood under $1.5 million - and you’ll fight 14 other people to get it, as two of my new neighbors had to do. That, and you’ll be dumping a minimum of $100K to upgrade and repair the property (sold “as is”).
It’s hard to judge without sq footage/floor plan, property size, interiors conditions & materials, appliances, if the above-the-garage area is all tricked out. I think I’d enclose a walkway b/t the upper floors, sort of like a greenhouse.