40
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79 Amherst Road
About This Property
Outside, enjoy a side entrance leading to a PRIVATE FOUR CAR DRIVEWAY, a detached garage with a brand-new one-layer roof (July 2026), and a wood deck. Ideally situated just 0.2 miles from the Gibson LIRR station, this home offers an easy commute and is conveniently located near shopping, parks, restaurants, and major highways. A wonderful opportunity to own a classic Colonial in one of Valley Stream's most sought-after neighborhoods! **Motivated Seller-All Offers Considered! **
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 28, 2026 | Listed by BH&G R E Realty Connect | $746,000 | |
| Listed by BH&G R E Realty Connect | |||
| Sep 11, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Aug 17, 2023 | Listed by EXP Realty | $648,000 | |
| Listed by EXP Realty | |||
| Aug 9, 2023 | Withdrawn | - | |
| Withdrawn | |||
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About Valley Stream
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017