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East Hills 11576 East Hills
85 Chestnut Drive
$1,720,000
● House - Off Market

85 Chestnut Drive

North Hempstead, NY 11576
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
$11,071
Est. Monthly
3.93%
Cap Rate

About This Property

Discover the perfect opportunity to create your dream home in the highly sought-after Country Estates of East Hills. This spacious property features 5 bedrooms, 3 full baths, and 2 half baths, offering endless potential. The stunning, flat, park-like grounds include a gunite in-ground pool, ideal for relaxation and entertaining. Additional highlights include a finished basement with an egress door and a 2-car attached garage. Enjoy the  amenities of East Hills Park in this exceptional location., Additional information: Appearance:Good,Interior Features:Guest Quarters
Unit Size
-
Days on Market
120 days
Land Size
0.43 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,478
HOA Dues
-
Year Built
1958

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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: 4 months ago (OneKey MLS #KEYLP1439448)

Price History

Date / Event Date Event Price
Mar 26, 2025 Sold
Premium
Sold
Jan 20, 2025 In contract -
In contract
Nov 26, 2024 Listed by Douglas Elliman Real Estate $1,750,000
Listed by Douglas Elliman Real Estate
Feb 29, 2024 Sold
Premium
Sold
Jul 26, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 18,774
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 2,623
  • Building Area: 2,623
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,623
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF HARBOR HILLS
  • Land Acres: 0000000431
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 003

Neighborhood

  • School District Name: Roslyn Union Free School District
  • School Tax School District: 003
  • School Tax District Code 2: EH
  • Census Tract: 302101

Geography

  • District: 282203
  • Section: 7
  • Parcel: 07-249-00-0045
  • Block: 249
  • Lot: 45
  • Municipality: EAST HILLS
  • Latitude: 40.805
  • Longitude: -73.631

    Address

  • Full Address: 85 Chestnut Dr
  • Address - House Number: 85
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Roslyn
  • Carrier Code: C005
  • 4-Digit Zip Code: 2433
  • Zip Code: 11576

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,972,977
  • Tax Rate Code Area: 805

    Appraisal Valuation

  • Standard Deviation: 0.1878
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 1,730,760
  • High Value: 2,055,913
  • Low Value: 1,405,607

    Market Valuation

  • Market Total Value: $1,429,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,429
  • Assessed Land Value: $534
  • Assessed Improvements Value: $895

    Sales

  • Current Sale Contract Date: Feb 15, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2024-12721
  • Previous Sale Recording Date: Aug 01, 2023
  • Previous Sale Contract Date: Jul 24, 2023
  • Previous Sale Amount: $1,425,000
  • Previous Sale Document Type: 12
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 Greater Roslyn

Stats & Trends

Median Asking:

$1,598,000

Sale Price/ft²

$648

Below Asking

0.01%

Average Days on Market

91

Average Home Size

3062 ft²

Average Home Age

60.5 years

Currently For Sale

92 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 333 Warner Avenue, Roslyn, NY, 11576

$7,850 /mo

  • 2 Beds
  • 2 Baths
  • 1,784 ft²
333 Warner Avenue #316, Roslyn, NY, 11576 Listing by Melanie J. Cogan
Unit for rent at 23 Pinetree Lane, Old Westbury, NY, 11568

$8,500 /mo

  • 4 Beds
  • 4 Baths
  • 2,720 ft²
23 Pinetree Lane, Old Westbury, NY, 11568 Listing by Susan E. Hucke SFR CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 85 Chestnut Drive built and last sold?
The property at 85 Chestnut Drive was built in 1958 and last sold on Feb 15, 2024 for $1,450,000.
How much is this home worth?
The estimated value of the home located at 85 Chestnut Drive is $1,767,500.
What are some comparable homes to 85 Chestnut Drive?
There are currently no comparable homes to 85 Chestnut Drive.
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