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Franklin Square 11010 Franklin Square
948 Center Drive
Photo of 948 Center Drive
Sold on Aug 4, 2025

24

Map

Photo of 948 Center Drive
Photo of 948 Center Drive
$760,000
● House - Off Market

948 Center Drive

Hempstead, NY 11010
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,275 Ft²
$4,308
Est. Monthly
6.22%
Cap Rate

About This Property

Welcome Home to this Immediately Embracing Mid-Block 4 Bedroom / 2 Bath Cape in Sunny Franklin Square.  Highlights include: Gleaming Hardwood Flooring, Partially Finished Basement, 1 Car Garage, In Ground Sprinklers, PVC Fenced in Yard & Much Much More.  Come Make This Home Your Own- Why Rent, When You Can Own. Needs some TLC.  Opportunity Knocks, But Once - Will You Be Ready.  An Absolute Must See.
Unit Size
1,275 Ft²
Days on Market
94 days
Land Size
0.12 acres
Price per sqft
$548
Property Type
House
Property Taxes
$876
HOA Dues
-
Year Built
1948

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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 #KEY856552)

Price History

Date / Event Date Event Price
Aug 4, 2025 Sold
Premium
Sold
May 17, 2025 In contract -
In contract
May 2, 2025 Listed by EXIT Realty Premier $699,000
Listed by EXIT Realty Premier

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 294
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,400
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,275
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,275
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 017

Neighborhood

  • School District Name: Franklin Square Union Free School District
  • School Tax School District: 017
  • Census Tract: 405600

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-159-00-0025
  • Block: 159
  • Lot: 25
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6953
  • Longitude: -73.678

    Address

  • Full Address: 948 Center Dr
  • Address - House Number: 948
  • Address - Street Name: Center
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Franklin Square
  • Carrier Code: C014
  • 4-Digit Zip Code: 2030
  • Zip Code: 11010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $828,193
  • Tax Rate Code Area: 473

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 684,351
  • High Value: 794,786
  • Low Value: 573,916

    Market Valuation

  • Market Total Value: $516,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516
  • Assessed Land Value: $279
  • Assessed Improvements Value: $237

    Exemptions

  • Veteran Exemption: Yes
  • 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 Franklin Square

Stats & Trends

Median Asking:

$799,999

Sale Price/ft²

$554

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1709 ft²

Average Home Age

70.3 years

Currently For Sale

39 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 849 Second Avenue, Franklin Square, NY, 11010

$4,500 /mo

  • 3 Beds
  • 2 Baths
  • 900 ft²
849 Second Avenue, Franklin Square, NY, 11010 Listing by Edwin Murillo
Unit for rent at 442 Langley Avenue, West Hempstead, NY, 11552

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,420 ft²
442 Langley Avenue, West Hempstead, NY, 11552 Listing by Betty Aboff
Unit for rent at 865 Prescott Street, Valley Stream, NY, 11580

$4,390 /mo

  • 3 Beds
  • 2 Baths
  • 1,088 ft²
865 Prescott Street, Valley Stream, NY, 11580 Listing by Preetinder Singh

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 948 Center Drive built and last sold?
The property at 948 Center Drive was built in 1948 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 948 Center Drive is $0.
What are some comparable homes to 948 Center Drive?
There are currently no comparable homes to 948 Center Drive.
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