by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
New Hyde Park 11040 New Hyde Park
640 7th Avenue
$520,000
● House - Off Market

640 7th Avenue

North Hempstead, NY 11040
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,987 Ft²
$873,813
RealtyHop Estimate
68.36%
Since Dec 1, 2014
NY-New York
Primary Model

About This Property

Bright And Open W/Updates. Lots Of Extras. Ceiling Fans, Vented Skylight, Stainless Steel Appliances, Formal Dining Room W/Built-In Wall Unit. Walk-In Mbr Closet. Family Room And Den. Updated Windows. Attic Fan. Two Separate Driveways For 5 Cars Plus Attached Garage. Much More!, Additional information: Appearance:Ex+
Unit Size
1,987 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$261
Property Type
House
Property Taxes
$872
HOA Dues
-
Year Built
1973

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: 6 months ago (OneKey MLS #KEYL2693628)

Price History

Date / Event Date Event Price
Mar 29, 2018 Sold
Premium
Sold
Nov 13, 2014 Sold
Premium
Sold
Jul 25, 2014 Listed by Douglas Elliman Real Estate $519,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 19
  • 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: 3
  • Basement Area: 905
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,048
  • Building Area: 2,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,048
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF STEWART MANOR SECTION NO 4
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 016

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
  • Section: 32
  • Parcel: 32-101-00-0052
  • Block: 101
  • Lot: 52-53
  • Municipality: NEW HYDE PARK
  • Latitude: 40.7263
  • Longitude: -73.688

    Address

  • Full Address: 640 7th Ave
  • Address - House Number: 640
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C001
  • 4-Digit Zip Code: 5427
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,225,629
  • Tax Rate Code Area: 130

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 812,037
  • High Value: 954,962
  • Low Value: 669,112

    Market Valuation

  • Market Total Value: $598,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $598
  • Assessed Land Value: $258
  • Assessed Improvements Value: $340

    Sales

  • Current Sale Contract Date: Feb 15, 2018
  • Current Sale Recording Date: Mar 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20180028001
  • Previous Sale Recording Date: Nov 13, 2014
  • Previous Sale Contract Date: Nov 07, 2014
  • Previous Sale Amount: $520,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: VAR
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:

$933,500

Sale Price/ft²

$618

Below Asking

0.02%

Average Days on Market

97

Average Home Size

1235 ft²

Average Home Age

81.6 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 148 Lincoln Street, Garden City, NY, 11530

$7,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,608 ft²
148 Lincoln Street, Garden City, NY, 11530 Listing by Patricia M. Aprigliano ABR
Unit for rent at 85 Violet Avenue, Floral Park, NY, 11001

$6,800 /mo

  • 4 Beds
  • 3 Baths
  • 3,400 ft²
85 Violet Avenue, Floral Park, NY, 11001 Listing by Qiao Zou
Unit for rent at 28 E Fern Dr, Jericho, NY, 11753

$9,600 /mo

  • 5 Beds
  • 4 Baths
  • 4,000 ft²
28 E Fern Dr, Jericho, NY, 11753 Listing by Lina Shi RENE

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 640 7th Avenue built and last sold?
The property at 640 7th Avenue was built in 1973 and last sold on Feb 15, 2018 for $600,000.
How much is this home worth?
The estimated value of the home located at 640 7th Avenue is $561,041.
What are some comparable homes to 640 7th Avenue?
There are currently no comparable homes to 640 7th Avenue.
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
New Hyde Park Homes for Sale
New Hyde Park Houses for Sale
New Hyde Park Multifamily for Sale
New Hyde Park Commercial for Sale
New Hyde Park Homes with Basements
New Hyde Park Homes with Pools
New Hyde Park Homes with Parking
New Hyde Park Homes with Garages
Nearby Cities
North New Hyde Park Homes for Sale
Floral Park Homes for Sale
Garden City Park Homes for Sale
Herricks Homes for Sale
Manhasset Hills Homes for Sale
Garden City South Homes for Sale
Stewart Manor Homes for Sale
South Floral Park Homes for Sale
Nearby Property Records
Nassau County, NY Property Records
New York, NY Property Records
Hudson County, NJ Property Records
Bergen County, NJ Property Records
Westchester County, NY Property Records
Essex County, NJ Property Records
Union County, NJ Property Records
Rockland County, NY Property Records
Neighborhoods
Glen Oaks Real Estate
Floral Park Real Estate
Manhasset Hills Real Estate
Top Real Estate Agents
Top Agents in New Hyde Park
Top Agents in 11040
Top Agents in Glen Oaks
Top Agents in 11001
Top Agents in North New Hyde Park
Top Agents in 11004
Top Agents in 11005
Top Agents in Floral Park