For SaleRisky Deal70 days on market
116 5th Street
116 5th Street, Garden City, NY 11530, Garden City, NY 11530
$1,750,000
Listing Price
116 5th Street, Garden City, NY 11530
Loc: Garden City, NY
Days Listed
70
Tax Assessed
$1002k
Lot Size
0.28 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
Stewart School
2-5
1.1 mi away
10
Garden City Middle School
6-8
0.5 mi away
10
Garden City High School
9-12
1.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
colonialshingle sidingbrick basegabled roofcovered porchcottagecorelandscaped gardencharmingdormer windowtwo-storysuburbanwell-maintainedasphalt roof shingles
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.06%
Total ROI
90.5%
Cash Flow
$-247/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-247/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • Strong rental demand in Garden City
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-08 | Price change | $1,750,000 | $507 |
| 2026-07-15 | Listed for sale | $1,850,000 | $536 |
| 2004-06-25 | Sold | $425,000 | $123 |
| 1999-06-04 | Sold | $585,000 | $169 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $0 | $1,002 |
| 2023 | $0 | $1,040 |
| 2022 | $0 | $1,035 |
| 2021 | $16,230.91 | $0 |
| 2020 | $15,101.95 | $1,613 |
| 2019 | $15,712.78 | $1,728 |
| 2018 | $15,712.78 | $1,867 |
| 2017 | $14,678.45 | $1,867 |
| 2016 | $15,513.64 | $2,021 |
| 2015 | $2,919.67 | $2,021 |
| 2013 | $2,758.32 | $2,021 |
| 2012 | $2,763.61 | $2,268 |
| 2011 | $11,718.6 | $2,578 |
| 2010 | $12,225.4 | $2,894 |
| 2009 | $0 | $3,199 |
| 2008 | $0 | $3,220 |
| 2006 | $0 | $3,038 |
| 2005 | $0 | $4,384 |
| 2004 | $0 | $6,824 |
| 2003 | $0 | $8,530 |
| 2002 | $0 | $9,680 |
| 2001 | $0 | $9,680 |
| 2000 | $0 | $9,680 |
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