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21 Hereford Road
About This Property
University Gardens features a private pool and tennis club with a large, heated swimming pool, locker rooms, and a playground for children. The home is situated just two blocks away from Lakeville Elementary School. Public transportation is easily accessible, with a short distance to bus stops and the Great Neck LIRR station. Restaurants, supermarkets, coffee shops, and hospitals are all nearby.
The Great Neck School District is consistently ranked as one of the best in the country.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Price Decreased |
$1,790,000
↓ $98K
(5.2%) | |
| Price Decreased | |||
| May 14, 2025 | Listed by Keller Williams Rty Gold Coast | $1,888,000 | |
| Listed by Keller Williams Rty Gold Coast | |||
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About Great Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017