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Lynbrook 11563 Lynbrook
76 Melrose Avenue
Photo of 76 Melrose Avenue
Sold on Jul 22, 2025

21

Map

Photo of 76 Melrose Avenue
Photo of 76 Melrose Avenue
$717,500
● House - Off Market

76 Melrose Avenue

Hempstead, NY 11563
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,961 Ft²
$5,128
Est. Monthly
12.41%
Cap Rate

About This Property

Beautiful &  Incredibly Spacious Hi-Ranch w/ Approx 2000 sqft of Living Space on a Beautiful Tree-Lined Street in the Village of Lynbrook! This Beauty Features Endless Living Space with  4-5 Bedrooms, 2 Full Baths, Living Room, Formal Dining Room, Family Room, New Eat-In-Kitchen w/ Granite Countertops/SS Appls/Glass Backsplash/Skylight, Newly Finished Gleaming Hardwood Flrs, New Lighting, Lots of Closets, Freshly Painted Thruout, 2-Zone Gas Heat, Attic for Storage, Large Raised Wooden Deck & Patio,  PVC Fenced-In Yard &  4 Car Parking in Private Driveway! Close to LIRR. Wow...Come See!
Unit Size
1,961 Ft²
Days on Market
76 days
Land Size
0.11 acres
Price per sqft
$382
Property Type
House
Property Taxes
$1,449
HOA Dues
-
Year Built
1971

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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 #KEY858891)

Price History

Date / Event Date Event Price
Jul 22, 2025 Sold
Premium
Sold
Jun 13, 2025 In contract -
In contract
May 21, 2025 Price Decreased $749,000
↓ $30K (3.9%)
Price Decreased
May 7, 2025 Listed by Signature Premier Properties $779,000
Listed by Signature Premier Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 825
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,961
  • Gross Building Area: 1,961
  • Building Area: 1,961
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,961
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1101
  • County Land Use Code: 2200
  • Legal Description 1: TOWN #1 SCH DIST 019

Neighborhood

  • School District Name: East Rockaway Union Free School District
  • School Tax School District: 019
  • School Tax District Code 2: LYN
  • Census Tract: 412000

Geography

  • District: 282025
  • Section: 38
  • Parcel: 38-483-00-0216
  • Block: 483
  • Lot: 216
  • Municipality: LYNBROOK
  • Latitude: 40.6526
  • Longitude: -73.6631

    Address

  • Full Address: 76 Melrose Ave
  • Address - House Number: 76
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Lynbrook
  • Carrier Code: C031
  • 4-Digit Zip Code: 3748
  • Zip Code: 11563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $726,203
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 701,059
  • High Value: 814,190
  • Low Value: 587,928

    Market Valuation

  • Market Total Value: $509,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $509
  • Assessed Land Value: $185
  • Assessed Improvements Value: $324

    Exemptions

  • Senior Citizen 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 Lynbrook

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$464

Below Asking

0.01%

Average Days on Market

98

Average Home Size

1560 ft²

Average Home Age

81.5 years

Currently For Sale

38 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

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 76 Melrose Avenue built and last sold?
The property at 76 Melrose Avenue was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 76 Melrose Avenue is $0.
What are some comparable homes to 76 Melrose Avenue?
There are currently no comparable homes to 76 Melrose Avenue.
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