29
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87 Executive Drive
About This Property
This home has already been vetted and valued by the market. We aren't just looking for an offer; we are looking for the next owner of this exceptional property. Don't miss this opportunity to see this spacious split-level home set on a generous 70' x 122' lot in the highly desirable Manhasset Hills section of North New Hyde Park-an area where opportunities are limited and inventory is rarely available. Offering approximately 2,277 square feet of living space, this residence features 4 bedrooms and 2.5 bathrooms with a flexible layout suited for today's living needs.
The main living room showcases a vaulted ceiling with two skylights, creating a bright, open atmosphere, complemented by recessed lighting and hardwood floors. A separate family room adds everyday comfort, while the full finished basement provides versatile space for recreation, work-from-home use, or storage. The home includes an original kitchen and original baths, presenting an excellent opportunity to personalize and add value over time.
Outdoor amenities include a patio, deck, and a spacious backyard, ideal for outdoor enjoyment. Additional highlights include a two-car garage plus driveway parking for multiple vehicles. Conveniently located near the Northern State Parkway and Long Island Expressway, and just blocks from Lake Success Shopping Center, supermarkets, and essential services. Zoned for Great Neck South schools. A rare chance to secure a home in a sought-after neighborhood where availability is limited.
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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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Relisted | $1,249,000 | |
| Relisted | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Listed by Keller Williams Realty Greater | $1,249,000 | |
| Listed by Keller Williams Realty Greater | |||
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About Manhasset
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017