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Franklin Square 11010 Franklin Square
698 Herman Avenue
Photo of 698 Herman Avenue
Sold on Sep 8, 2025

24

Map

Photo of 698 Herman Avenue
Photo of 698 Herman Avenue
$1,072,000
● House - Off Market

698 Herman Avenue

Hempstead, NY 11010
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,307 Ft²
$6,918
Est. Monthly
3.37%
Cap Rate

About This Property

4 bedroom 2 1/2 bath  colonial all new in 2005.   Beautiful family room with fireplace, large kitchen and formal dining room.  huge primary suite with walk in closet and full bath.   all great sized rooms.  full finished basement.  Brand new central air, hardwood floors throughout.  Pull down stairs to a full attic with lots of storage  Gasoline powered generator hooks up to electric subpanel to run most of the house.  Just a few blocks from all schools and 1 block from shopping , less than 1 mile from the Malverne LIRR station.
Unit Size
2,307 Ft²
Days on Market
140 days
Land Size
0.15 acres
Price per sqft
$498
Property Type
House
Property Taxes
$1,275
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 years ago (OneKey MLS #KEY846995)

Price History

Date / Event Date Event Price
Sep 8, 2025 Sold
Premium
Sold
Jun 23, 2025 In contract -
In contract
Apr 9, 2025 Listed by Douglas Elliman Real Estate $1,149,000
Listed by Douglas Elliman Real Estate
Dec 6, 2005 Sold
Premium
Sold
Apr 5, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,344
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,307
  • Building Area: 2,307
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,307
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 013

Neighborhood

  • School District Name: Valley Stream Central High School District
  • School Tax School District: 013
  • Census Tract: 405700

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-583-00-0013
  • Block: 583
  • Lot: 13
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6887
  • Longitude: -73.6726

    Address

  • Full Address: 698 Herman Ave
  • Address - House Number: 698
  • Address - Street Name: Herman
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Franklin Square
  • Carrier Code: C012
  • 4-Digit Zip Code: 3104
  • Zip Code: 11010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,710,495
  • Tax Rate Code Area: 192

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 917,971
  • High Value: 1,081,937
  • Low Value: 754,005

    Market Valuation

  • Market Total Value: $727,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $727
  • Assessed Land Value: $223
  • Assessed Improvements Value: $504

    Sales

  • Current Sale Contract Date: Nov 14, 2005
  • Current Sale Recording Date: Dec 06, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 05, 2005
  • Previous Sale Contract Date: Mar 21, 2005
  • Previous Sale Amount: $390,000
  • 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 Franklin Square

Stats & Trends

Median Asking:

$829,000

Sale Price/ft²

$555

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1697 ft²

Average Home Age

75.4 years

Currently For Sale

34 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 648 Dogwood Avenue, Franklin Square, NY, 11010

$4,999 /mo

  • 4 Beds
  • 2 Baths
  • 950 ft²
648 Dogwood Avenue, Franklin Square, NY, 11010 Listing by Marc Jeret
Unit for rent at 111 Hempstead Turnpike, West Hempstead, NY, 11552

$4,719 /mo

  • 2 Beds
  • 2 Baths
  • 1,035 ft²
111 Hempstead Turnpike #1262, West Hempstead, NY, 11552 Listing by Danielle Zangre ABR PSA SFR
Unit for rent at 84 Rockaway Parkway, Valley Stream, NY, 11580

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
84 Rockaway Parkway #84, Valley Stream, NY, 11580 Listing by Sergey Borohov

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 698 Herman Avenue built and last sold?
The property at 698 Herman Avenue was built in 1951 and last sold on Nov 14, 2005 for $748,500.
How much is this home worth?
The estimated value of the home located at 698 Herman Avenue is $0.
What are some comparable homes to 698 Herman Avenue?
There are currently no comparable homes to 698 Herman Avenue.
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