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New Hyde Park 11040 New Hyde Park
545 7th Avenue
Photo of 545 7th Avenue
Sold on Sep 18, 2026

27

Map

Photo of 545 7th Avenue
Photo of 545 7th Avenue
$770,000
● House - Off Market

545 7th Avenue

Hempstead, NY 11040
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,042 Ft²
$4,851
Est. Monthly

About This Property

Beautifully renovated one-family home located in New Hyde Park, offering comfort, convenience, and exceptional value. Fully updated in 2022, this move-in ready residence features 4 bedrooms and 2 full bathrooms with approximately 1,042 sq ft of interior living space on a 40 × 100 lot.

The home includes a finished basement, ductless A/C systems, and a detached two-car garage, providing both functionality and flexibility. Thoughtfully renovated throughout, it offers a modern lifestyle with low maintenance costs.

Conveniently located just minutes from the LIRR New Hyde Park station, with an easy commute to Manhattan in under an hour. Close to Jericho Turnpike shopping corridor, restaurants, and everyday amenities.

Situated in a quiet and desirable neighborhood within the Elmont school district.

A great opportunity for end-users or investors seeking a competitively priced, fully renovated home in a prime Long Island location.
Unit Size
1,042 Ft²
Days on Market
140 days
Land Size
0.09 acres
Price per sqft
$767
Property Type
House
Property Taxes
$927
HOA Dues
-
Year Built
1951

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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 months ago (OneKey MLS #KEY991845)

Price History

Date / Event Date Event Price
Sep 18, 2026 Sold
Premium
Sold
Jul 28, 2026 In contract -
In contract
Jun 4, 2026 Price Decreased $799,000
↓ $20K (2.4%)
Price Decreased
May 20, 2026 Price Decreased $819,000
↓ $30K (3.5%)
Price Decreased
Apr 29, 2026 Listed by Chase Global Realty Corp $849,000
Listed by Chase Global Realty Corp
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 360
  • 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: 1,042
  • Building Area: 1,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,042
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF STEWART MANOR
  • 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: 32-097-00-0075
  • Municipality: NEW HYDE PARK
  • Latitude: 40.7271
  • Longitude: -73.6919

    Address

  • Full Address: 545 7th Ave
  • Address - House Number: 545
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C001
  • 4-Digit Zip Code: 5424
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,012,260
  • Tax Rate Code Area: 130

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 653,417
  • High Value: 768,998
  • Low Value: 537,837

    Market Valuation

  • Market Total Value: $475,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $475
  • Assessed Land Value: $251
  • Assessed Improvements Value: $224

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-38039
  • Previous Sale Recording Date: Mar 15, 2018
  • Previous Sale Contract Date: Feb 07, 2018
  • Previous Sale Amount: $592,850
  • Previous Sale Document Type: 27
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:

$938,000

Sale Price/ft²

$619

Below Asking

0.02%

Average Days on Market

95

Average Home Size

1213 ft²

Average Home Age

84.2 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 625 Tulip Avenue, Stewart Manor, NY, 11530

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 595 ft²
625 Tulip Avenue #A3, Stewart Manor, NY, 11530 Listing by Michelle Holmes
Unit for rent at 89 Kenneth Place, New Hyde Park, NY, 11040

$5,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,124 ft²
89 Kenneth Place, New Hyde Park, NY, 11040 Listing by Scott Mitchell SFR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 545 7th Avenue built and last sold?
The property at 545 7th Avenue was built in 1951 and last sold on Mar 11, 2022 for $649,888.
How much is this home worth?
The estimated value of the home located at 545 7th Avenue is $798,589.
What are some comparable homes to 545 7th Avenue?
There are currently no comparable homes to 545 7th Avenue.
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