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Valley Stream 11581 Valley Stream
132 Locust Street
Photo of 132 Locust Street
Sold on Oct 10, 2025

17

Map

Photo of 132 Locust Street
Photo of 132 Locust Street
$705,000
● House - Off Market

132 Locust Street

Hempstead, NY 11581
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,532 Ft²
$4,420
Est. Monthly
4.29%
Cap Rate

About This Property

Welcome to 132 Locust Street! This Charming Colonial In The Heart Of Gibson Featuring 3 Bedrooms And 1.5 Baths. This Home Offers Tons Of Natural Light, An Eat-In Kitchen  And Formal Dining Room, A Large Living Room With A Fireplace, And Original Hardwood Floors Throughout. The Spacious Layout Creates A Warm And Inviting Space Perfect For Everyday Living And Entertaining. Upstairs, You'll Find A Generous Primary Bedroom, Two Additional Bedrooms, And An Updated Full Bath. The Third-Floor Walk-Up Attic Provides Excellent Storage Or Potential Bonus Space, While The Full Basement With A Side Entrance Offers Added Flexibility. Additional Highlights Include A 3-Year-Old Boiler And Natural Gas Heat. Outside, You'll Find A 1-Car Garage And A Yard Ideal For Relaxing Or Entertaining. Conveniently Located Just 3 Blocks From Gibson Station (LIRR) And Shops.
Unit Size
1,532 Ft²
Days on Market
74 days
Land Size
0.09 acres
Price per sqft
$424
Property Type
House
Property Taxes
$1,232
HOA Dues
-
Year Built
1928

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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 #KEY894218)

Price History

Date / Event Date Event Price
Oct 10, 2025 Sold
Premium
Sold
Aug 9, 2025 In contract -
In contract
Jul 28, 2025 Listed by HomeSmart Premier Living Rlty $649,000
Listed by HomeSmart Premier Living Rlty
Sep 29, 2003 Sold
Premium
Sold
Jul 24, 2000 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 140
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,532
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 024

Neighborhood

  • School District Name: Valley Stream Union Free School District 24
  • School Tax School District: 024
  • School Tax District Code 2: VS
  • Census Tract: 410700

Geography

  • District: 282035
  • Section: 39
  • Parcel: 39-044-00-0025
  • Block: 44
  • Lot: 25
  • Municipality: VALLEY STREAM
  • Latitude: 40.6512
  • Longitude: -73.6988

    Address

  • Full Address: 132 Locust St
  • Address - House Number: 132
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: NY
  • City Name: Valley Stream
  • Carrier Code: C049
  • 4-Digit Zip Code: 2128
  • Zip Code: 11581

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $776,897
  • Tax Rate Code Area: 450

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 668,107
  • High Value: 775,921
  • Low Value: 560,294

    Market Valuation

  • Market Total Value: $487,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $487
  • Assessed Land Value: $181
  • Assessed Improvements Value: $306

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 28, 2003
  • Current Sale Recording Date: Sep 29, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 24, 2000
  • Previous Sale Contract Date: Jul 13, 2000
  • Previous Sale Amount: $265,000
  • Previous 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 Valley Stream

Stats & Trends

Median Asking:

$755,000

Sale Price/ft²

$518

Below Asking

0.01%

Average Days on Market

91

Average Home Size

1567 ft²

Average Home Age

81.5 years

Currently For Sale

87 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 20 Sylvester Place, Lynbrook, NY, 11563

$3,950 /mo

  • 2 Beds
  • 1 Bath
  • 1,771 ft²
20 Sylvester Place, Lynbrook, NY, 11563 Listing by Kevin Coons
Unit for rent at 161 Union Avenue, Lynbrook, NY, 11563

$3,750 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
161 Union Avenue #15, Lynbrook, NY, 11563 Listing by Crystin L. Quick SRS
Unit for rent at 108 Atlantic Avenue, Lynbrook, NY, 11563

$3,400 /mo

  • 2 Beds
  • 1 Bath
  • 948 ft²
108 Atlantic Avenue #37, Lynbrook, NY, 11563 Listing by Asya Bangiyeva

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 132 Locust Street built and last sold?
The property at 132 Locust Street was built in 1928 and last sold on Jun 28, 2003 for $400,000.
How much is this home worth?
The estimated value of the home located at 132 Locust Street is $0.
What are some comparable homes to 132 Locust Street?
There are currently no comparable homes to 132 Locust Street.
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