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Syosset 11791 Syosset
40 Parkway Drive
$670,000
● House - Off Market

40 Parkway Drive

Oyster Bay, NY 11791
bedrooms
3 Beds
bathrooms
2 Baths
$996,433
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Beautiful Clearview Village Split With 3 Bedrooms And 2 Baths, Mid-Block Location; Hdwd Floors; Eat-In Kitchen With Vaulted Ceiling And Skylight, Wood Cabinets, And Granite Countertops; Gas Cooking And Heating; Underground Sprinklers, And Alarm. Syosset Schools Baylis Elem, Thompson Middle, Syosset Hs, Close To Shopping And Highways, Additional information: Appearance:Diamond,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,360
HOA Dues
-
Year Built
1955

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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: 6 months ago (OneKey MLS #KEYL3100595)

Price History

Date / Event Date Event Price
Jul 24, 2019 Sold
Premium
Sold
Feb 13, 2019 Listed by Douglas Elliman Real Estate $679,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 41
  • 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: 3
  • Basement Area: 342
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,384
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,701
  • Building Area: 1,701
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 013

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 013
  • Census Tract: 518800

Geography

  • District: 282489
  • Section: 12
  • Parcel: 12-429-00-0038
  • Block: 429
  • Lot: 38
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7892
  • Longitude: -73.4987

    Address

  • Full Address: 40 Parkway Dr
  • Address - House Number: 40
  • Address - Street Name: Parkway
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Syosset
  • Carrier Code: C020
  • 4-Digit Zip Code: 6619
  • Zip Code: 11791

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,823,828
  • Tax Rate Code Area: 618

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 861,559
  • High Value: 1,000,590
  • Low Value: 722,528

    Market Valuation

  • Market Total Value: $642,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $642
  • Assessed Land Value: $328
  • Assessed Improvements Value: $314

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-061387

    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 Syosset

Stats & Trends

Median Asking:

$1,244,444

Sale Price/ft²

$613

Below Asking

0.01%

Average Days on Market

91

Average Home Size

2976 ft²

Average Home Age

44.8 years

Currently For Sale

37 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 68 Jamaica Avenue, Plainview, NY, 11803

$5,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,412 ft²
68 Jamaica Avenue, Plainview, NY, 11803 Listing by Lenix Lin
Unit for rent at 7 Foran Place, Hicksville, NY, 11801

$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 767 ft²
7 Foran Place, Hicksville, NY, 11801 Listing by Adam Frank MRP
Unit for rent at 4 Willow Place, Hicksville, NY, 11801

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,264 ft²
4 Willow Place, Hicksville, NY, 11801 Listing by Sarika Gera CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Parkway Drive built and last sold?
The property at 40 Parkway Drive was built in 1955 and last sold on Jul 8, 2019 for $670,000.
How much is this home worth?
The estimated value of the home located at 40 Parkway Drive is $685,790.
What are some comparable homes to 40 Parkway Drive?
There are currently no comparable homes to 40 Parkway Drive.
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