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Great Neck Gardens 11023 Great Neck Gardens
1 Forest Avenue
Photo of 1 Forest Avenue
Sold on Sep 6, 2022

23

Map

Photo of 1 Forest Avenue
Photo of 1 Forest Avenue
$1,320,000
● House - Off Market

1 Forest Avenue

North Hempstead, NY 11023
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,990 Ft²
$1,393,455
RealtyHop Estimate
7.35%
Since Oct 1, 2022
NY-New York
Primary Model

About This Property

HIGH END renovation with open concept kitchen/DR, custom white cabinetry, Cambria quartz countertops, all new appliances, white oak hardwood floors, and new roof. Sun filled, south-facing home, close to transportation and down the block from Allenwood park! Within the Great Neck Park District, with pool and concerts at Steppingstone. Fabulous location, excellent condition and lovingly cared for, this home has it all!, Additional information: Appearance:mint,Separate Hotwater Heater:y
Unit Size
1,990 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$652
Property Type
House
Property Taxes
$1,156
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (OneKey MLS #KEYL3408664)

Price History

Date / Event Date Event Price
Sep 6, 2022 Sold
Premium
Sold
Jul 11, 2022 In contract -
In contract
Jun 16, 2022 Listed by Compass Greater NY LLC $1,298,000
Listed by Compass Greater NY LLC
Jan 2, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,990
  • Building Area: 1,990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,990
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • Census Tract: 300600

Geography

  • District: 282289
  • Section: 2
  • Parcel: 02-168-00-0173
  • Block: 168
  • Lot: 173-175
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7956
  • Longitude: -73.72

    Address

  • Full Address: 1 Forest Ave
  • Address - House Number: 1
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C048
  • 4-Digit Zip Code: 2303
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,518,821
  • Tax Rate Code Area: 825

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,222,188
  • High Value: 1,444,412
  • Low Value: 999,964

    Market Valuation

  • Market Total Value: $903,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $903
  • Assessed Land Value: $560
  • Assessed Improvements Value: $343

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-96271
  • Previous Sale Recording Date: Jan 02, 1996
  • Previous Sale Contract Date: Dec 27, 1995
  • Previous Sale Amount: $372,500
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Great Neck

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$647

Below Asking

0.01%

Average Days on Market

103

Average Home Size

2806 ft²

Average Home Age

64.4 years

Currently For Sale

137 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 261 Schenck Avenue, Great Neck, NY, 11021

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
261 Schenck Avenue #2NDFLOOR, Great Neck, NY, 11021 Listing by Esther Moshenayov
Unit for rent at 11 Potters Court, Great Neck, NY, 11024

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 832 ft²
11 Potters Court, Great Neck, NY, 11024 Listing by Emily Zadka
Unit for rent at 88 Cuttermill Road Road, Great Neck, NY, 11020

$3,750 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
88 Cuttermill Road Road #508, Great Neck, NY, 11020 Listing by Qiao Zou

Rentals Near You

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 1 Forest Avenue built and last sold?
The property at 1 Forest Avenue was built in 1926 and last sold on Sep 6, 2022 for $1,320,000.
How much is this home worth?
The estimated value of the home located at 1 Forest Avenue is $0.
What are some comparable homes to 1 Forest Avenue?
There are currently no comparable homes to 1 Forest Avenue.
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