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North Merrick 11566 North Merrick
59 Chapin Avenue
Photo of 59 Chapin Avenue
Sold on Oct 10, 2025

31

Map

Photo of 59 Chapin Avenue
Photo of 59 Chapin Avenue
$705,000
● House - Off Market

59 Chapin Avenue

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,150 Ft²
$4,310
Est. Monthly
7.11%
Cap Rate

About This Property

CAPE COD HOME LOCATED ON QUIET BLOCK IN DESIRABLE N. MERRICK.  125 DEEP PROPERTY

CAC, HOOKUP FOR GENERATOR, GAS COOKING AND HEAT, DETACHED GARAGE, SS APPLIANCES, IG SPRINKLERS
Unit Size
1,150 Ft²
Days on Market
72 days
Land Size
0.14 acres
Price per sqft
$590
Property Type
House
Property Taxes
$975
HOA Dues
-
Year Built
1949

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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 #KEY893998)

Price History

Date / Event Date Event Price
Oct 10, 2025 Sold
Premium
Sold
Aug 7, 2025 In contract -
In contract
Jul 30, 2025 Listed by Signature Premier Properties $679,000
Listed by Signature Premier Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 029

Neighborhood

  • School District Name: North Merrick Union Free School District
  • School Tax School District: 029
  • Census Tract: 414600

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-014-00-0245
  • Block: 14
  • Lot: 245
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.681
  • Longitude: -73.5669

    Address

  • Full Address: 59 Chapin Ave
  • Address - House Number: 59
  • Address - Street Name: Chapin
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Merrick
  • Carrier Code: C050
  • 4-Digit Zip Code: 1942
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $718,511
  • Tax Rate Code Area: 115

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 591,907
  • High Value: 687,424
  • Low Value: 496,390

    Market Valuation

  • Market Total Value: $457,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $457
  • Assessed Land Value: $211
  • Assessed Improvements Value: $246

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Disabled 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 North Merrick

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$514

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2117 ft²

Average Home Age

52 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 201 Stuyvesant Avenue, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,244 ft²
201 Stuyvesant Avenue, Merrick, NY, 11566 Listing by Kevin Coons
Unit for rent at 2171 Washington Street, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
2171 Washington Street, Merrick, NY, 11566 Listing by Cathy Stone CBR
Unit for rent at 402 Leslie Lane, Uniondale, NY, 11553

$4,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,206 ft²
402 Leslie Lane, Uniondale, NY, 11553 Listing by Yvrose Cadet

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 59 Chapin Avenue built and last sold?
The property at 59 Chapin Avenue was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 59 Chapin Avenue is $0.
What are some comparable homes to 59 Chapin Avenue?
There are currently no comparable homes to 59 Chapin Avenue.
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