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Inwood 11559 Inwood
227 Rockaway Turnpike
Photo of 227 Rockaway Turnpike

22

Map

Photo of 227 Rockaway Turnpike
Photo of 227 Rockaway Turnpike
$1,249,000
● House - For Sale

227 Rockaway Turnpike

Hempstead, NY 11559
bedrooms
8 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,205 Ft²
$6,848
Est. Monthly

About This Property

Amazing opportunity in the desirable North Lawrence neighborhood! Situated on an oversized 8600 sq ft lot, this property has a large setback from the street, providing privacy and also ample parking for multiple vehicles. The lower unit has an entry foyer, spacious living room, kitchen, 4 bedrooms and 1.5 baths. The upper unit has a kitchen, 1.5 baths and 4 bedrooms, with a living room that can function as a 5th bedroom. Shared access to a washer/ dryer for both units. Whether as an end-user or investor, this home has fantastic potential and legal 2-family status with conditions and proper permits. Conveniently located near shopping, restaurants, transportation and more! Annual taxes only $8572. Come see it today!
Unit Size
2,205 Ft²
Days on Market
137 days
Land Size
0.20 acres
Price per sqft
$566
Property Type
House
Property Taxes
$714
HOA Dues
-
Year Built
1920

Listed By

Lisa Scheininger
[email protected]
Five Towns Miller Realty Inc
Judah Spector
[email protected]
All Going Realty LLC

Payment Calculator

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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: 20 days ago (OneKey MLS #KEY1016467)

Price History

Date / Event Date Event Price
Oct 17, 2026 Relisted $1,299,000
Relisted
Oct 17, 2026 Price Decreased $1,249,000
↓ $50K (3.9%)
Price Decreased
Sep 9, 2026 In contract -
In contract
Jul 10, 2026 Price Decreased $1,299,000
↓ $200K (13.3%)
Price Decreased
Jun 21, 2026 Listed by BH&G R E Realty Connect $1,499,000
Listed by BH&G R E Realty Connect
Show More

Property Highlights

Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Half Bathrooms: 2
Full Bathrooms: 2
Interior Features: First Floor Bedroom, First Floor Full Bath
Appliances: Freezer, Range, Refrigerator
Rooms: 11
Exterior Details
Square Footage: 2205
Square Footage Source: $0
Architectural Style: Other
Year Built: 1920
Building Area Total: 2205
Building Area Units: Square Feet
Construction Materials: Advanced Framing Technique
Lot Size Area: 8607
Lot Size Units: Square Feet
Lot Size Acres: 0.1976
Lot Size Square Feet: 8607
Water Source: Public
Financial Details
Tax Annual Amount: $8,572
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 2
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,607
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,205
  • Gross Building Area: 2,205
  • Building Area: 2,205
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,205
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • Standard Land Use Code: 1101
  • County Land Use Code: 2200
  • Legal Description 1: TOWN #1 SCH DIST 015

Neighborhood

  • School District Name: Lawrence Union Free School District
  • School Tax School District: 015
  • Census Tract: 411000

Geography

  • District: 282089
  • Section: 40
  • Parcel: 40-034-00-0233
  • Block: 34
  • Lot: 233
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6199
  • Longitude: -73.7332

    Address

  • Full Address: 227 Rockaway Tpke
  • Address - House Number: 227
  • Address - Street Name: Rockaway
  • Address - Suffix Type: Tpke
  • State: NY
  • City Name: Lawrence
  • Carrier Code: C009
  • 4-Digit Zip Code: 1217
  • Zip Code: 11559

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $843,360
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 189

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 75
  • Final Value: 866,146
  • High Value: 1,027,766
  • Low Value: 704,525

    Market Valuation

  • Market Total Value: $513,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $513
  • Assessed Land Value: $231
  • Assessed Improvements Value: $282

    Sales

  • Current Sale Contract Date: Jul 05, 2019
  • Current Sale Recording Date: Feb 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-019995
  • Previous Sale Recording Date: Apr 25, 2018
  • Previous Sale Contract Date: Feb 07, 2018
  • Previous Sale Amount: $1,121,903
  • Previous Sale Document Type: 34
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 Five Towns

Stats & Trends

Median Asking:

$1,200,000

Sale Price/ft²

$560

Below Asking

0.02%

Average Days on Market

103

Average Home Size

3741 ft²

Average Home Age

72.5 years

Currently For Sale

150 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

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$10,000 /mo

  • 5 Beds
  • 3 Baths
  • 4,561 ft²
363 Oak Avenue, Cedarhurst, NY, 11516 Listing by Sarah Isaacs
Unit for rent at 797 Caldwell Avenue, North Woodmere, NY, 11581

$6,300 /mo

  • 4 Beds
  • 3 Baths
  • 2,471 ft²
797 Caldwell Avenue, North Woodmere, NY, 11581 Listing by Judy Goldman
Unit for rent at 491 Oakland Avenue, Cedarhurst, NY, 11516

$3,850 /mo

  • 2 Beds
  • 1 Bath
  • 772 ft²
491 Oakland Avenue, Cedarhurst, NY, 11516 Listing by Marina Revnyaga

Rentals Near You

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OneKey

Last Updated: 20 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 227 Rockaway Turnpike built and last sold?
The property at 227 Rockaway Turnpike was built in 1920 and last sold on Jul 5, 2019 for $540,000.
How much is this home worth?
The estimated value of the home located at 227 Rockaway Turnpike is $1,261,490.
What are some comparable homes to 227 Rockaway Turnpike?
There are currently no comparable homes to 227 Rockaway Turnpike.
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