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462 Locust Terrace
About This Property
Inside, you'll find a spacious den featuring a cozy fireplace and a built-in wet bar-ideal for entertaining or relaxing evenings. The main level also includes a formal dining room, a bright living room, gleaming hardwood floors and a well-equipped kitchen with a peninsula and separate eating area. The home boasts a comfortable primary bedroom with a private ensuite bath, adding a touch of luxury and privacy. With a total of 2.5 bathrooms, this home easily accommodates both family and guests.
Additional features include natural gas heating, a private deck for outdoor enjoyment, and a one-car garage. Classic charm meets modern convenience in this inviting Hempstead Gardens gem-don't miss your opportunity to make it yours! *Some photos are virtually staged*
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2025 | Sold | ||
| Sold | |||
| Jun 27, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed by Douglas Elliman Real Estate | $799,000 | |
| Listed by Douglas Elliman Real Estate | |||
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About West Hempstead
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017