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West Hempstead 11552 West Hempstead
723 Hempstead Avenue
Photo of 723 Hempstead Avenue
Sold on Jun 27, 2025

21

Map

Photo of 723 Hempstead Avenue
Photo of 723 Hempstead Avenue
$1,225,000
● House - Off Market

723 Hempstead Avenue

Hempstead, NY 11552
bedrooms
3 Beds
bathrooms
2 Baths
$7,739
Est. Monthly
2.06%
Cap Rate

About This Property

This charming move-in-ready Custom Cape situated on a 14,000+ sq ft lot offers the perfect opportunity to enjoy it as-is or expand to design your Dream Home. Also ideal for those seeking to build a home office onto their primary residence, eliminating the need for off-site rental space. The expansive yard allows for a serene outdoor oasis, featuring possibilities like patios for dining, cozy fire pit and swimming pool or tennis and pickleball courts for fun recreational space. This combination allows for both relaxation and activity, catering to a variety of outdoor interests and perfect living and working environment!, Additional information: Appearance:Excellent
Unit Size
-
Days on Market
259 days
Land Size
0.33 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,380
HOA Dues
-
Year Built
1943

Payment Calculator

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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 #KEYL3584611)

Price History

Date / Event Date Event Price
Jun 27, 2025 Sold
Premium
Sold
Mar 21, 2025 In contract -
In contract
Oct 10, 2024 Listed by Sharona Beck Realty Inc $1,295,000
Listed by Sharona Beck Realty Inc

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 134
  • Garage Type: 7
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 23,827
  • Lot Size Depth Feet: 2,400
  • Lot Size Frontage Feet: 1,210
  • Total Building Area: 1,751
  • Building Area: 1,751
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,751
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000547
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: LOTS 347-348,706 TOWN #1 SCH DIST 027

Neighborhood

  • School District Name: West Hempstead Union Free School District
  • School Tax School District: 027
  • Census Tract: 405900

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-00J-00-0347
  • Block: J
  • Lot: 347
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6903
  • Longitude: -73.6589

    Address

  • Full Address: 723 Hempstead Ave
  • Address - House Number: 723
  • Address - Street Name: Hempstead
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: West Hempstead
  • Carrier Code: C054
  • 4-Digit Zip Code: 3230
  • Zip Code: 11552

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,268,335
  • Tax Rate Code Area: 487

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 818,352
  • High Value: 956,455
  • Low Value: 680,249

    Market Valuation

  • Market Total Value: $594,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594
  • Assessed Land Value: $525
  • Assessed Improvements Value: $69

    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 West Hempstead

Stats & Trends

Median Asking:

$792,500

Sale Price/ft²

$487

Below Asking

0.01%

Average Days on Market

92

Average Home Size

1871 ft²

Average Home Age

75.3 years

Currently For Sale

43 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 20 Sylvester Place, Lynbrook, NY, 11563

$3,950 /mo

  • 2 Beds
  • 1 Bath
  • 1,771 ft²
20 Sylvester Place, Lynbrook, NY, 11563 Listing by Kevin Coons
Unit for rent at 24 Harrison Avenue, Hempstead, NY, 11550

$3,750 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
24 Harrison Avenue, Hempstead, NY, 11550 Listing by Denise Kearse CBR E-PRO
Unit for rent at 88 Smith Street, Lynbrook, NY, 11563

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,590 ft²
88 Smith Street, Lynbrook, NY, 11563 Listing by Laura Walsh

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 723 Hempstead Avenue built and last sold?
The property at 723 Hempstead Avenue was built in 1943 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 723 Hempstead Avenue is $0.
What are some comparable homes to 723 Hempstead Avenue?
There are currently no comparable homes to 723 Hempstead Avenue.
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