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Hempstead 11550 Hempstead
31 Grove Street
Photo of 31 Grove Street
Sold on Mar 31, 2026

17

Map

Photo of 31 Grove Street
Photo of 31 Grove Street
$545,000
● House - Off Market

31 Grove Street

Hempstead, NY 11550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,062 Ft²
$3,286
Est. Monthly

About This Property

In the heart of Hempstead lies 31 Grove St., a property that embodies opportunity and potential. With its strategic commercial influence, this location is poised to cater to a diverse array of businesses & residential living. Completely renovated inside & out, the spacious layout ample natural light, providing an ideal environment for creativity and innovation. Each room offers versatility, ready to residential life or  or collaborative work areas, making it a blank canvas for entrepreneurs and homeowners alike.

Positioned near major thoroughfares and public transportation, 31 Grove St. ensures accessibility to the surrounding community, filled with a mix of established businesses and emerging start-ups, fostering a network of collaboration and growth.

This property isn't merely real estate; it represents a strategic investment in a thriving area.
Unit Size
1,062 Ft²
Days on Market
173 days
Land Size
0.09 acres
Price per sqft
$517
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1885

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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: 7 months ago (OneKey MLS #KEY922863)

Price History

Date / Event Date Event Price
Mar 31, 2026 Sold
Premium
Sold
Feb 11, 2026 In contract -
In contract
Jan 15, 2026 Price Decreased $549,000
↓ $20K (3.5%)
Price Decreased
Nov 26, 2025 Price Decreased $569,000
↓ $20K (3.4%)
Price Decreased
Oct 9, 2025 Listed by Above Board Real Estate Inc $589,000
Listed by Above Board Real Estate Inc

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,750
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,062
  • Building Area: 1,062
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,062
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000086
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 001

Neighborhood

  • School District Name: Hempstead Union Free School District
  • School Tax School District: 001
  • School Tax District Code 2: HEM
  • Census Tract: 407000

Geography

  • District: 282013
  • Section: 34
  • Parcel: 34-359-00-0014
  • Block: 359
  • Lot: 14
  • Municipality: HEMPSTEAD
  • Latitude: 40.7023
  • Longitude: -73.6256

    Address

  • Full Address: 31 Grove St
  • Address - House Number: 31
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C030
  • 4-Digit Zip Code: 5531
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $724,178
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 399

    Appraisal Valuation

  • Standard Deviation: 0.2305
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 521,185
  • High Value: 641,333
  • Low Value: 401,038

    Market Valuation

  • Market Total Value: $273,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273
  • Assessed Land Value: $101
  • Assessed Improvements Value: $172
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 Hempstead

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

95

Average Home Size

1529 ft²

Average Home Age

82.2 years

Currently For Sale

62 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 100 Hilton Avenue, Garden City, NY, 11530

$7,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,397 ft²
100 Hilton Avenue #806, Garden City, NY, 11530 Listing by Marianne Imperial
Unit for rent at 111 Cherry Valley Avenue, Garden City, NY, 11530

$4,800 /mo

  • 1 Bed
  • 1 Bath
  • 1,100 ft²
111 Cherry Valley Avenue #M6, Garden City, NY, 11530 Listing by Nancy J. Giannone CBR
Unit for rent at 503 Linden Street, West Hempstead, NY, 11552

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,277 ft²
503 Linden Street, West Hempstead, NY, 11552 Listing by Akan Akpan

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 7 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 31 Grove Street built and last sold?
The property at 31 Grove Street was built in 1885 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 31 Grove Street is $0.
What are some comparable homes to 31 Grove Street?
There are currently no comparable homes to 31 Grove Street.
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