by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
New Hempstead 10977
586 New Hempstead Road
Photo of 586 New Hempstead Road

42

Map

Photo of 586 New Hempstead Road
Photo of 586 New Hempstead Road
$789,000
● House - In Contract

586 New Hempstead Road

Ramapo, NY 10977
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,678 Ft²
$4,856
Est. Monthly

About This Property

Welcome to a sprawling, rare, 0.6-acre property of flat land on a quiet cul-de-sac in the heart of New Hempstead. Whether you are looking to restore this beautiful farm home to its original glory or build your dream home, the potential is endless!

Present all offers!
Unit Size
2,678 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$295
Property Type
House
Property Taxes
$981
HOA Dues
-
Year Built
1900

Listed By

Yitzchok Hami
[email protected]
eRealty Advisors, Inc

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 4 months ago (OneKey MLS #KEY1014642)

Price History

Date / Event Date Event Price
Aug 5, 2026 In contract -
In contract
Jul 14, 2026 Price Decreased $789,000
↓ $10K (1.3%)
Price Decreased
Jun 16, 2026 Listed by eRealty Advisors, Inc $799,000
Listed by eRealty Advisors, Inc

Property Highlights

Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Interior Features: First Floor Bedroom, First Floor Full Bath
Appliances: Oven
Flooring Type: Hardwood
Rooms: 12
Basement: Unfinished, Bilco Door(s)
Exterior Details
Square Footage: 2678
Architectural Style: Colonial
Year Built: 1900
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Patio
Lot Features: Cul-De-Sac, Private
Lot Size Area: 26136
Lot Size Units: Square Feet
Lot Size Acres: 0.6
Lot Size Square Feet: 26136
Tax Lot: 19
Water Source: Public
Financial Details
Tax Assessed Value: $49,700
Tax Annual Amount: $11,771
Utilities Details
Cooling Type: None
Heating Type: See Remarks
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,136
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 2,180
  • Total Building Area: 2,678
  • Building Area: 2,678
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,678
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: East Ramapo Central School District (Spring Valley)
  • School Tax School District: SPRING VALLEY
  • Census Tract: 011509

Geography

  • Account Number: 00382000000
  • District: 392613
  • Section: 42.14
  • Parcel: 392613 42.14-1-19
  • Block: 1
  • Lot: 19.000
  • Municipality: NEW HEMPSTEAD
  • Latitude: 41.1507
  • Longitude: -74.042

    Address

  • Full Address: 586 New Hempstead Rd
  • Address - House Number: 586
  • Address - Street Name: New Hempstead
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Spring Valley
  • Carrier Code: C013
  • 4-Digit Zip Code: 1835
  • Zip Code: 10977

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,083,402
  • Tax Rate Code Area: 392602

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 71
  • Final Value: 820,752
  • High Value: 995,022
  • Low Value: 646,482

    Market Valuation

  • Market Total Value: $49,700
  • Market Land Value: $18,500
  • Market Improvement Value: $31,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,700
  • Assessed Land Value: $18,500
  • Assessed Improvements Value: $31,200

    Exemptions

  • Veteran Exemption: Yes
  • 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 New Hempstead

Stats & Trends

Median Asking:

$970,000

Sale Price/ft²

$401

Below Asking

0.01%

Average Days on Market

108

Average Home Size

2375 ft²

Average Home Age

28.5 years

Currently For Sale

8 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 285 Sneden Place, Spring Valley, NY, 10977

$2,650 /mo

  • 1 Bed
  • 1 Bath
  • 850 ft²
285 Sneden Place #285, Spring Valley, NY, 10977 Listing by Timothy J. Wolfe
Unit for rent at 116 Williams Avenue, Spring Valley, NY, 10977

$4,300 /mo

  • 5 Beds
  • 3 Baths
  • 3,615 ft²
116 Williams Avenue #101, Spring Valley, NY, 10977 Listing by Sheri S Chablis
Unit for rent at 563 Union Road, Spring Valley, NY, 10977

$4,800 /mo

  • 5 Beds
  • 1 Bath
  • 1,900 ft²
563 Union Road, Spring Valley, NY, 10977 Listing by Leah R. Ungar

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 586 New Hempstead Road built and last sold?
The property at 586 New Hempstead Road was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 586 New Hempstead Road is $821,372.
What are some comparable homes to 586 New Hempstead Road?
There are currently no comparable homes to 586 New Hempstead Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Ramapo Homes for Sale
Ramapo Houses for Sale
Ramapo Condos for Sale
Ramapo Co-Ops for Sale
Ramapo Townhouses for Sale
Ramapo Multifamily for Sale
Ramapo Land for Sale
Ramapo Commercial for Sale
Nearby Cities
Yonkers Homes for Sale
New City Homes for Sale
Tarrytown Homes for Sale
Peekskill Homes for Sale
Eastchester Homes for Sale
Ossining Homes for Sale
Ridgewood Homes for Sale
Woodbury Homes for Sale
Nearby Property Records
Rockland County, NY Property Records
Passaic County, NJ Property Records
Bergen County, NJ Property Records
Westchester County, NY Property Records
Orange County, NY Property Records
Essex County, NJ Property Records
Putnam County, NY Property Records
Hudson County, NJ Property Records
Neighborhoods
Northwest Yonkers Real Estate
Northeast Yonkers Real Estate
Cedar Knolls Real Estate
Bryn Mawr Real Estate
Colonial Heights Real Estate
Crestwood Real Estate
Nepera Park Real Estate
Homefield Real Estate
Nearby Counties
Bergen Homes for Sale
Passaic Homes for Sale
Yonkers Homes for Sale
Greenburgh Homes for Sale
Clarkstown Homes for Sale
Orangetown Homes for Sale
Warwick Homes for Sale
Cortlandt Homes for Sale
Top Real Estate Agents
Top Agents in Ramapo
Top Agents in Bergen
Top Agents in Passaic
Top Agents in Yonkers
Top Agents in Yonkers
Top Agents in Greenburgh
Top Agents in Clarkstown
Top Agents in Orangetown