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Searingtown 11576 Searingtown
119 Reed Drive
Photo of 119 Reed Drive
Sold on Aug 26, 2025

10

Map

Photo of 119 Reed Drive
Photo of 119 Reed Drive
$999,000
● House - Off Market

119 Reed Drive

North Hempstead, NY 11576
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,544 Ft²
$6,210
Est. Monthly
4.36%
Cap Rate

About This Property

This 4-bedroom, 2-bath Hi Ranch sits on a generous lot in a prime Herricks School District location. An incredible opportunity to renovate, expand, or build new and create a home tailored to your vision. Offering a flexible layout on a property that is close to parks, shopping, and transportation. Endless upside. Gas Generator. Being sold as-is.
Unit Size
1,544 Ft²
Days on Market
117 days
Land Size
0.25 acres
Price per sqft
$615
Property Type
House
Property Taxes
$1,544
HOA Dues
-
Year Built
1961

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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 #KEY856057)

Price History

Date / Event Date Event Price
Aug 26, 2025 Sold
Premium
Sold
May 9, 2025 In contract -
In contract
May 1, 2025 Listed by Compass Greater NY LLC $950,000
Listed by Compass Greater NY LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,830
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 890
  • Total Building Area: 1,544
  • Building Area: 1,544
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,544
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 009

Neighborhood

  • School District Name: Herricks Union Free School District
  • School Tax School District: 009
  • Census Tract: 302300

Geography

  • District: 282289
  • Section: 9
  • Parcel: 09-653-00-0043
  • Block: 653
  • Lot: 43
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7675
  • Longitude: -73.6638

    Address

  • Full Address: 119 Reed Dr
  • Address - House Number: 119
  • Address - Street Name: Reed
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Roslyn
  • Carrier Code: C019
  • 4-Digit Zip Code: 3223
  • Zip Code: 11576

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,835,127
  • Tax Rate Code Area: 785

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 962,342
  • High Value: 1,117,637
  • Low Value: 807,048

    Market Valuation

  • Market Total Value: $792,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $792
  • Assessed Land Value: $559
  • Assessed Improvements Value: $233
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 Greater Roslyn

Stats & Trends

Median Asking:

$1,635,500

Sale Price/ft²

$654

Below Asking

0.01%

Average Days on Market

94

Average Home Size

3119 ft²

Average Home Age

62.6 years

Currently For Sale

81 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 119 Searing Avenue, Mineola, NY, 11501

$5,135 /mo

  • 2 Beds
  • 2 Baths
  • 1,246 ft²
119 Searing Avenue #PHS428, Mineola, NY, 11501 Listing by Michelle Holmes
Unit for rent at 116 Searing Avenue, Mineola, NY, 11501

$5,135 /mo

  • 2 Beds
  • 2 Baths
  • 1,246 ft²
116 Searing Avenue #PHN409, Mineola, NY, 11501 Listing by Michelle Holmes
Unit for rent at 101 Searing Avenue, Mineola, NY, 11501

$5,400 /mo

  • 1 Bed
  • 1 Bath
  • 1,132 ft²
101 Searing Avenue #512, Mineola, NY, 11501 Listing by Julia Krispeal

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 119 Reed Drive built and last sold?
The property at 119 Reed Drive was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 119 Reed Drive is $0.
What are some comparable homes to 119 Reed Drive?
There are currently no comparable homes to 119 Reed Drive.
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