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Merrick 11566 Merrick
124 Smith Street
Photo of 124 Smith Street
Sold on Jun 20, 2025

29

Map

Photo of 124 Smith Street
Photo of 124 Smith Street
$990,000
● House - Off Market

124 Smith Street

Hempstead, NY 11566
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,000 Ft²
$5,619
Est. Monthly
6.32%
Cap Rate

About This Property

CUSTOM BUILT 5 BEDROOM 3 FULL BATH COLONIAL JUST WAITING TO BE YOURS. THIS COMPLETELY REBUILT HOME OFFERS YOU AN OPEN AND AIRY LAYOUT. LARGE EAT IN KITCHEN WITH WHITE SHAKER STYLE CABINETS, QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES. BEAUTIFUL HARDWOOD FLOORS THROUGHOUT. 3 CUSTOM BATHROOMS, 1.5 DET GARAGE AND MUCH MORE.
Unit Size
2,000 Ft²
Days on Market
147 days
Land Size
0.12 acres
Price per sqft
$500
Property Type
House
Property Taxes
$710
HOA Dues
-
Year Built
1930

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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 #KEY816982)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Premium
Sold
May 7, 2025 In contract -
In contract
Apr 23, 2025 Price Decreased $999,777
↓ $100K (9.1%)
Price Decreased
Jan 28, 2025 In contract -
In contract
Jan 24, 2025 Listed by Signature Premier Properties $1,099,777
Listed by Signature Premier Properties
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,150
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 500
  • Total Building Area: 979
  • Building Area: 979
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 979
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415000

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-109-00-0649
  • Block: 109
  • Lot: 649-650
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6653
  • Longitude: -73.5587

    Address

  • Full Address: 124 Smith St
  • Address - House Number: 124
  • Address - Street Name: Smith
  • Address - Suffix Type: St
  • State: NY
  • City Name: Merrick
  • Carrier Code: C016
  • 4-Digit Zip Code: 3533
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $822,735
  • Tax Rate Code Area: 273

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 548,052
  • High Value: 636,492
  • Low Value: 459,612

    Market Valuation

  • Market Total Value: $425,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $425
  • Assessed Land Value: $202
  • Assessed Improvements Value: $223

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 14, 1996
  • Current Sale Recording Date: Mar 25, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Merrick

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2184 ft²

Average Home Age

61.4 years

Currently For Sale

31 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 607 Nassau Street, Bellmore, NY, 11710

$6,200 /mo

  • 4 Beds
  • 3 Baths
  • 2,438 ft²
607 Nassau Street, Bellmore, NY, 11710 Listing by Alejandro A. Negron

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 124 Smith Street built and last sold?
The property at 124 Smith Street was built in 1930 and last sold on Mar 14, 1996 for $115,000.
How much is this home worth?
The estimated value of the home located at 124 Smith Street is $0.
What are some comparable homes to 124 Smith Street?
There are currently no comparable homes to 124 Smith Street.
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