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Lynbrook 11563 Lynbrook
25 Kelsey Place
$500,000
● House - Off Market

25 Kelsey Place

Lynbrook, NY 11563
bedrooms
4 Beds
bathrooms
1 Bath
$598,837
RealtyHop Estimate
22.24%
Since Jun 1, 2021
NY-New York
Primary Model
Unit Size
-
Days on Market
75 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,064
HOA Dues
-
Year Built
1948

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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: 3 years ago (OneKey MLS #ONE3294472)

Price History

Date / Event Date Event Price
May 26, 2021 Sold
Premium
Sold
Apr 12, 2021 In contract -
In contract
Mar 12, 2021 Listed by Douglas Elliman Real Estate $489,900
Listed by Douglas Elliman Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 020

Neighborhood

  • School District Name: Lynbrook Union Free School District
  • School Tax School District: 020
  • School Tax District Code 2: LYN
  • Census Tract: 411800

Geography

  • District: 282025
  • Section: 37
  • Parcel: 37-236-00-0109
  • Block: 236
  • Lot: 109
  • Municipality: LYNBROOK
  • Latitude: 40.6656
  • Longitude: -73.6759

    Address

  • Full Address: 25 Kelsey Pl
  • Address - House Number: 25
  • Address - Street Name: Kelsey
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Lynbrook
  • Carrier Code: C008
  • 4-Digit Zip Code: 1515
  • Zip Code: 11563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $977,574
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 595,047
  • High Value: 700,951
  • Low Value: 489,142

    Market Valuation

  • Market Total Value: $469,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $469
  • Assessed Land Value: $214
  • Assessed Improvements Value: $255

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-073836

    Financing

  • First Mortgage Financing Type: FIX
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 Lynbrook

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

96

Average Home Size

1512 ft²

Average Home Age

81.8 years

Currently For Sale

36 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 1498 Kew Avenue, Hewlett, NY, 11557

$5,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,164 ft²
1498 Kew Avenue, Hewlett, NY, 11557 Listing by Sigalit Chazen
Unit for rent at 64 Lynwood Drive, Valley Stream, NY, 11580

$5,045 /mo

  • 6 Beds
  • 2 Baths
  • 1,584 ft²
64 Lynwood Drive, Valley Stream, NY, 11580 Listing by Paul C. Drohan

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 25 Kelsey Place built and last sold?
The property at 25 Kelsey Place was built in 1948 and last sold on May 26, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 25 Kelsey Place is $494,799.
What are some comparable homes to 25 Kelsey Place?
There are currently no comparable homes to 25 Kelsey Place.
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