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New Hyde Park 11040 New Hyde Park
656 5th Avenue
Photo of 656 5th Avenue
Sold on Aug 26, 2026

27

Map

Photo of 656 5th Avenue
Photo of 656 5th Avenue
$839,999
● House - Off Market

656 5th Avenue

Hempstead, NY 11040
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,473 Ft²
$5,106
Est. Monthly

About This Property

Forget Broadway, Wall Street, and Madison Avenue-discover the charm of 5th Avenue in New Hyde Park!

This beautifully maintained and extended Cape offers 3 bedrooms and 2 full baths, combining classic character with modern upgrades. The chef's kitchen features premium Viking appliances, granite countertops, and a center island, making it the perfect space for cooking and entertaining.

Enjoy a warm and inviting living room with a fireplace, elegant wainscoting throughout the main level, and an extended skylit den/home office that provides abundant natural light. Additional highlights include a Navien on-demand hot water system, five ductless mini-split units for efficient heating and cooling, and in-ground sprinklers for easy lawn maintenance.

Conveniently located near two train lines, this home offers an excellent commute... Award Winning New Hyde Park Schools
Unit Size
1,473 Ft²
Days on Market
70 days
Land Size
0.13 acres
Price per sqft
$570
Property Type
House
Property Taxes
$981
HOA Dues
-
Year Built
1947

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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 #KEY1013254)

Price History

Date / Event Date Event Price
Aug 26, 2026 Sold
Premium
Sold
Jun 30, 2026 In contract -
In contract
Jun 24, 2026 Price Decreased $839,999
↓ $40K (4.6%)
Price Decreased
Jun 17, 2026 Listed by Realty Advisors Inc $879,999
Listed by Realty Advisors Inc

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • 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: 7
  • Garage Square Area: 210
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 5,490
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,473
  • Building Area: 1,473
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,473
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100

Neighborhood

  • School District Name: New Hyde Park-Garden City Park Union Free School District
  • School Tax School District: 205
  • School Tax District Code 2: NHP
  • Census Tract: 404700

Geography

  • District: 282041
  • Parcel: 32-098-00-0146
  • Municipality: NEW HYDE PARK
  • Latitude: 40.7277
  • Longitude: -73.6872

    Address

  • Full Address: 656 5th Ave
  • Address - House Number: 656
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C040
  • 4-Digit Zip Code: 5450
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $997,049
  • Tax Rate Code Area: 331

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 763,645
  • High Value: 892,515
  • Low Value: 634,774

    Market Valuation

  • Market Total Value: $566,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $566
  • Assessed Land Value: $306
  • Assessed Improvements Value: $260
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

$614

Below Asking

0.02%

Average Days on Market

73

Average Home Size

1257 ft²

Average Home Age

84.7 years

Currently For Sale

19 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 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
Unit for rent at 205 Meadbrook Road, Garden City, NY, 11530

$8,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,433 ft²
205 Meadbrook Road, Garden City, NY, 11530 Listing by Matthew Heaney

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 656 5th Avenue built and last sold?
The property at 656 5th Avenue was built in 1947 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 656 5th Avenue is $852,911.
What are some comparable homes to 656 5th Avenue?
There are currently no comparable homes to 656 5th Avenue.
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