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Franklin Square 11010 Franklin Square
128 Rule Street
Photo of 128 Rule Street
Sold on May 7, 2026

30

Map

Photo of 128 Rule Street
Photo of 128 Rule Street
$780,000
● House - Off Market

128 Rule Street

Hempstead, NY 11010
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$4,150
Est. Monthly

About This Property

*Discover the best value in Franklin Square: this pristine 4-bedroom mint condition dream home around 1,300 sq ft, tucked on a quiet dead-end block last house on the corner just seconds from the public park and sports fields. This private home includes CAC, gas heating and blends move-in readiness with an unbeatable price. You will love the spacious open layout, sun drenched rooms, full finished basement w/ possible mother/daughter and room for 2nd bath, detached garage, low-traffic quiet street, and easy access to all. Don't miss this rare opportunity to own an updated, turn-key home in a prime peaceful location.
Unit Size
1,260 Ft²
Days on Market
98 days
Land Size
0.18 acres
Price per sqft
$555
Property Type
House
Property Taxes
$717
HOA Dues
-
Year Built
1954

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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: 5 months ago (OneKey MLS #KEY955793)

Price History

Date / Event Date Event Price
May 7, 2026 Sold
Premium
Sold
Mar 3, 2026 In contract -
In contract
Jan 31, 2026 In contract -
In contract
Jan 29, 2026 Listed by Douglas Elliman Real Estate $699,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 4
  • 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: 4
  • Garage Square Area: 374
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 017

Neighborhood

  • School District Name: Franklin Square Union Free School District
  • School Tax School District: 017
  • Census Tract: 405500

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-189-00-0007
  • Block: 189
  • Lot: 7
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7043
  • Longitude: -73.6632

    Address

  • Full Address: 128 Rule St
  • Address - House Number: 128
  • Address - Street Name: Rule
  • Address - Suffix Type: St
  • State: NY
  • City Name: Franklin Square
  • Carrier Code: C009
  • 4-Digit Zip Code: 4214
  • Zip Code: 11010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $687,920
  • Tax Rate Code Area: 475

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 655,613
  • High Value: 761,411
  • Low Value: 549,816

    Market Valuation

  • Market Total Value: $483,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $483
  • Assessed Land Value: $321
  • Assessed Improvements Value: $162

    Exemptions

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

Stats & Trends

Median Asking:

$800,000

Sale Price/ft²

$553

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1655 ft²

Average Home Age

70.9 years

Currently For Sale

36 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 25 Hamilton Place, Garden City, NY, 11530

$7,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,328 ft²
25 Hamilton Place, Garden City, NY, 11530 Listing by Oliver Grandison
Unit for rent at 619 Tulip Avenue, Stewart Manor, NY, 11530

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 595 ft²
619 Tulip Avenue #C2, Stewart Manor, NY, 11530 Listing by Michelle Holmes
Unit for rent at 136 Lee Road, Garden City, NY, 11530

$7,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,156 ft²
136 Lee Road, Garden City, NY, 11530 Listing by Laura S. Carroll

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 128 Rule Street built and last sold?
The property at 128 Rule Street was built in 1954 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 128 Rule Street is $708,460.
What are some comparable homes to 128 Rule Street?
There are currently no comparable homes to 128 Rule Street.
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