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New Hyde Park 11040 New Hyde Park
515 8th Avenue
Photo of 515 8th Avenue
Sold on Jul 19, 2022

21

Map

Photo of 515 8th Avenue
Photo of 515 8th Avenue
$730,000
● House - Off Market

515 8th Avenue

North Hempstead, NY 11040
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,260 Ft²
$744,131
RealtyHop Estimate
6.46%
Since Aug 1, 2022
NY-New York
Primary Model

About This Property

Beautiful, Charming 4 Bedroom A-Line Cape Located in New Hyde Park Village on a Quiet Dead-End Street. As You Walk Through the Front Door, You Enter into a Large Livingroom with a F.D.R and Custom Renovated Kitchen with Granite Countertop and Stainless-Steel Appliances, Tiled Bathroom, Master, and Den/Bedroom with Sliding Doors the Lead to Private Backyard. Much more.  Close To Village Shops, Banks, Restaurants, Pharmacy, Parks, Stewart Manor Schools, And L.I.R.R (30 Minutes to Manhattan). Total Taxes (Including Village) Are $11,405.80 After Current Basic STAR Reduction Of $1,181.00., Additional information: Appearance:Mint,Separate Hotwater Heater:Yes
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$555
Property Type
House
Property Taxes
$1,049
HOA Dues
-
Year Built
1954

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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: 2 years ago (OneKey MLS #KEYL3389993)

Price History

Date / Event Date Event Price
Aug 29, 2022 Sold
Premium
Sold
Jul 19, 2022 Sold
Premium
Sold
Apr 25, 2022 In contract -
In contract
Apr 8, 2022 Listed by Century 21 Sewanhaka Realty $699,000
Listed by Century 21 Sewanhaka Realty
Jul 31, 2014 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • 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: 4
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100

Neighborhood

  • School District Name: Sewanhaka Central High School District
  • School Tax School District: 016
  • School Tax District Code 2: NHP
  • Census Tract: 404700

Geography

  • District: 282041
  • Parcel: 32-100-00-0008
  • Municipality: NEW HYDE PARK
  • Latitude: 40.7264
  • Longitude: -73.6917

    Address

  • Full Address: 515 8th Ave
  • Address - House Number: 515
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C001
  • 4-Digit Zip Code: 5403
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,138,793
  • Tax Rate Code Area: 130

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 706,824
  • High Value: 831,231
  • Low Value: 582,417

    Market Valuation

  • Market Total Value: $546,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $546
  • Assessed Land Value: $258
  • Assessed Improvements Value: $288

    Sales

  • Current Sale Contract Date: Jul 19, 2022
  • Current Sale Recording Date: Aug 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-88516
  • Previous Sale Recording Date: Aug 29, 2022
  • Previous Sale Contract Date: Jul 19, 2022
  • Previous Sale Amount: $730,000
  • Previous Sale Document Type: 12
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 New Hyde Park

Stats & Trends

Median Asking:

$922,500

Sale Price/ft²

$619

Below Asking

0.02%

Average Days on Market

99

Average Home Size

1241 ft²

Average Home Age

83 years

Currently For Sale

18 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 2 Tottenham Place, New Hyde Park, NY, 11040

$4,700 /mo

  • 2 Beds
  • 2 Baths
  • 2,230 ft²
2 Tottenham Place #1FL, New Hyde Park, NY, 11040 Listing by Celia M. Santos
Unit for rent at 1318 Post Avenue, Elmont, NY, 11003

$4,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,240 ft²
1318 Post Avenue, Elmont, NY, 11003 Listing by Claudia Alvarez

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 515 8th Avenue built and last sold?
The property at 515 8th Avenue was built in 1954 and last sold on Jul 19, 2022 for $730,000.
How much is this home worth?
The estimated value of the home located at 515 8th Avenue is $711,381.
What are some comparable homes to 515 8th Avenue?
There are currently no comparable homes to 515 8th Avenue.
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