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Oceanside 11572 Oceanside
196 Arrow Street
$875,000
● House - Off Market

196 Arrow Street

Hempstead, NY 11572
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,105 Ft²
$5,602
Est. Monthly
4.82%
Cap Rate

About This Property

2 Houses for the Price of One! This is an extraordinary opportunity! Main house is a 3+ bedroom, 2.5 bath spit level in great condition with granite counter tops, hardwood floors, 4 split units and gas heating system.  Attached to the main house is a legal accessory apartment with separate entrance.  The cottage includes a spacious living room with kitchen, bedroom, full bathroom and sliders to the deck.  There is a private doorway from the kitchen of the main house to the living room of the cottage area.  Amazingly bright home on the perfect dead end street in the heart of town.  NO flood insurance required.  This is truly the ultimate mother/daughter layout!
Unit Size
2,105 Ft²
Days on Market
100 days
Land Size
0.14 acres
Price per sqft
$427
Property Type
House
Property Taxes
$1,188
HOA Dues
-
Year Built
1956

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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 #KEY804452)

Price History

Date / Event Date Event Price
Mar 20, 2025 Sold
Premium
Sold
Jan 18, 2025 In contract -
In contract
Dec 10, 2024 Listed by Compass Greater NY LLC $899,000
Listed by Compass Greater NY LLC
Oct 1, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 223
  • Garage Type: 7
  • Garage Square Area: 210
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,120
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,944
  • Gross Building Area: 1,944
  • Building Area: 1,944
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,167
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1101
  • County Land Use Code: 2200
  • Legal Description 1: TOWN #1 SCH DIST 011

Neighborhood

  • School District Name: Oceanside Union Free School District
  • School Tax School District: 011
  • Census Tract: 413300

Geography

  • District: 282089
  • Section: 54
  • Parcel: 54-293-00-0022
  • Block: 293
  • Lot: 22-24
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6335
  • Longitude: -73.6346

    Address

  • Full Address: 196 Arrow St
  • Address - House Number: 196
  • Address - Street Name: Arrow
  • Address - Suffix Type: St
  • State: NY
  • City Name: Oceanside
  • Carrier Code: C038
  • 4-Digit Zip Code: 4236
  • Zip Code: 11572

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,357,900
  • Tax Rate Code Area: 129

    Appraisal Valuation

  • Standard Deviation: 0.2195
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 69
  • Final Value: 735,420
  • High Value: 896,913
  • Low Value: 573,928

    Market Valuation

  • Market Total Value: $596,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596
  • Assessed Land Value: $191
  • Assessed Improvements Value: $405

    Sales

  • Current Sale Contract Date: Sep 12, 2019
  • Current Sale Recording Date: Oct 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-084998
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 Oceanside

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1952 ft²

Average Home Age

67.8 years

Currently For Sale

78 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 51 Ormond Street, Rockville Centre, NY, 11570

$5,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,537 ft²
51 Ormond Street, Rockville Centre, NY, 11570 Listing by Anne E. Donohoe

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 196 Arrow Street built and last sold?
The property at 196 Arrow Street was built in 1956 and last sold on Sep 12, 2019 for $615,000.
How much is this home worth?
The estimated value of the home located at 196 Arrow Street is $0.
What are some comparable homes to 196 Arrow Street?
There are currently no comparable homes to 196 Arrow Street.
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