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Valley Stream 11580 Valley Stream
2 Lake Drive N
Photo of 2 Lake Drive N
Sold on Jun 18, 2025

32

Map

Photo of 2 Lake Drive N
Photo of 2 Lake Drive N
$985,000
● House - Off Market

2 Lake Drive N

Hempstead, NY 11580
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$6,474
Est. Monthly
3.52%
Cap Rate

About This Property

Spectacular all brick colonial on quiet tree lined street adjacent to the park. beautiful living room with fireplace, family room, updated kitchen with granite tops, formal dining room. Huge primary bedroom suite with walk in closet and designer bathroom. 3 additional great sized bedrooms, Newly refinished floors, less than 2 year old roof and whole house water filtration system. Lovely bi level deck overlooking beautifully landscaped private yard. Convenient to schools, park, railroad and parkways,
Unit Size
2,200 Ft²
Days on Market
112 days
Land Size
0.12 acres
Price per sqft
$455
Property Type
House
Property Taxes
$1,563
HOA Dues
-
Year Built
1940

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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 #KEY828722)

Price History

Date / Event Date Event Price
Jun 18, 2025 Sold
Premium
Sold
Apr 23, 2025 In contract -
In contract
Apr 9, 2025 Price Decreased $999,999
↓ $100K (9.1%)
Price Decreased
Feb 26, 2025 Withdrawn -
Withdrawn
Feb 26, 2025 Listed by Douglas Elliman Real Estate $1,100,000
Listed by Douglas Elliman Real Estate
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 60
  • Garage Type: 10
  • Garage Square Area: 370
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,018
  • Building Area: 2,018
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,018
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF STATELY OAKS SEC 1
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 013

Neighborhood

  • School District Name: Valley Stream Central High School District
  • School Tax School District: 013
  • School Tax District Code 2: VS
  • Census Tract: 410500

Geography

  • District: 282035
  • Section: 37
  • Parcel: 37-509-01-0103
  • Block: 509-01
  • Lot: 103
  • Municipality: VALLEY STREAM
  • Latitude: 40.6731
  • Longitude: -73.6993

    Address

  • Full Address: 2 Lake Dr N
  • Address - House Number: 2
  • Street Segment Direction: N
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Valley Stream
  • Carrier Code: C022
  • 4-Digit Zip Code: 3321
  • Zip Code: 11580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,426,711
  • Tax Rate Code Area: 450

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 78
  • Final Value: 896,564
  • High Value: 1,047,866
  • Low Value: 745,262

    Market Valuation

  • Market Total Value: $704,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $704
  • Assessed Land Value: $186
  • Assessed Improvements Value: $518
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:

$757,000

Sale Price/ft²

$524

Below Asking

0.01%

Average Days on Market

91

Average Home Size

1605 ft²

Average Home Age

81.3 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 65 Lenox Avenue, Lynbrook, NY, 11563

$4,950 /mo

  • 3 Beds
  • 1 Bath
  • 2,443 ft²
65 Lenox Avenue, Lynbrook, NY, 11563 Listing by Leon Sanchez GRI
Unit for rent at 161 Union Avenue, Lynbrook, NY, 11563

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
161 Union Avenue #5, Lynbrook, NY, 11563 Listing by Sergey Borohov
Unit for rent at 134 Scranton Avenue, Lynbrook, NY, 11563

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,470 ft²
134 Scranton Avenue, Lynbrook, NY, 11563 Listing by Maria A. Mejia

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 2 Lake Drive North built and last sold?
The property at 2 Lake Drive North was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Lake Drive North is $0.
What are some comparable homes to 2 Lake Drive North?
There are currently no comparable homes to 2 Lake Drive North.
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