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Valley Stream 11581 Valley Stream
46 Forest Avenue
Photo of 46 Forest Avenue
Sold on Dec 15, 2025

16

Map

Photo of 46 Forest Avenue
Photo of 46 Forest Avenue
$732,000
● House - Off Market

46 Forest Avenue

Hempstead, NY 11581
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,125 Ft²
$4,408
Est. Monthly
7.25%
Cap Rate

About This Property

Welcome To This Inviting 3-Bedroom, 2.5-Bath Ranch Located In The Desirable South Valley Stream Community. This Home Features Beautiful Hardwood Floors Throughout And A Bright, Open Layout That Creates A Warm And Welcoming Flow. The Kitchen Was Completely Redone Just 3 Years Ago, Showcasing Sleek Cabinetry, Quartz Countertops, And Modern Stainless Steel Appliances. It Seamlessly Connects To The Dining Room, Perfect For Entertaining Or Everyday Meals.The Main Bathroom Was Also Fully Renovated 3 Years Ago, Offering A Fresh, Modern Design. Additional Highlights Include Spacious Bedrooms, Plenty Of Natural Light, And A Full Basement Providing Additional Living Space, Storage, Or Recreational Options. Conveniently Located Less Than A Mile To The LIRR, Close To All Major Parkways, And Under 8 Miles To JFK Airport, This Home Combines Comfort, Updates, And Excellent Accessibility, Making It A Must-See!
Unit Size
1,125 Ft²
Days on Market
82 days
Land Size
0.11 acres
Price per sqft
$621
Property Type
House
Property Taxes
$975
HOA Dues
-
Year Built
1975

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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: 10 months ago (OneKey MLS #KEY916336)

Price History

Date / Event Date Event Price
Dec 15, 2025 Sold
Premium
Sold
Oct 16, 2025 In contract -
In contract
Sep 24, 2025 Listed by HomeSmart Premier Living Rlty $699,000
Listed by HomeSmart Premier Living Rlty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,960
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,125
  • Building Area: 1,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,125
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 024

Neighborhood

  • School District Name: Valley Stream Union Free School District 24
  • School Tax School District: 024
  • School Tax District Code 2: VS
  • Census Tract: 410700

Geography

  • District: 282035
  • Section: 39
  • Parcel: 39-024-00-0294
  • Block: 24
  • Lot: 294
  • Municipality: VALLEY STREAM
  • Latitude: 40.6564
  • Longitude: -73.694

    Address

  • Full Address: 46 Forest Ave
  • Address - House Number: 46
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Valley Stream
  • Carrier Code: C004
  • 4-Digit Zip Code: 1327
  • Zip Code: 11581

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $774,498
  • Tax Rate Code Area: 450

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 622,736
  • High Value: 723,228
  • Low Value: 522,244

    Market Valuation

  • Market Total Value: $468,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468
  • Assessed Land Value: $202
  • Assessed Improvements Value: $266

    Exemptions

  • Homeowner Exemption: Yes
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 Valley Stream

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$516

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1607 ft²

Average Home Age

80 years

Currently For Sale

93 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 65 Lenox Avenue, Lynbrook, NY, 11563

$5,600 /mo

  • 3 Beds
  • 1 Bath
  • 2,443 ft²
65 Lenox Avenue, Lynbrook, NY, 11563 Listing by Leon Sanchez GRI
Unit for rent at 55 Centre Street, Woodmere, NY, 11598

$5,750 /mo

  • 4 Beds
  • 3 Baths
  • 3,072 ft²
55 Centre Street, Woodmere, NY, 11598 Listing by Tamta Gigilashvili
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

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 10 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 46 Forest Avenue built and last sold?
The property at 46 Forest Avenue was built in 1975 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 46 Forest Avenue is $0.
What are some comparable homes to 46 Forest Avenue?
There are currently no comparable homes to 46 Forest Avenue.
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