Friday, November 22, 2024

New Hyde Park: Easy LIRR commute, shopping, taxes draw buyers

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THE SCOOP This one-square-mile village, which touts itself as one of the nation’s oldest settlements, is in renewal mode as it creates new recreational options and celebrations of cultural diversity.

New Hyde Park Village has been busy with about $15 million in projects for new amenities, upgrades and repairs, much of it paid by grants, said Mayor Christopher Devane. A community center with various meeting rooms and computers is being constructed next to village hall, where work has exposed the 1905 building’s original tin ceilings and vaulted archways.

At Memorial Park, the dog playground and bocce ball courts are among popular upgrades, the mayor said, while plans are being made for a new park to liven up the area by the train station.

“We’re trying to build a community,” said Devane, who’s lived in New Hyde Park for 25 years. “We’re trying to build pride. What we want to see is the next generation stick around in the village.”

Jericho Turnpike is lined with longtime staples like Umberto’s of New Hyde Park, left, and Yesterday’s Diner. Credit: Jeff Bachner

Touting the proximity to Manhattan, he added, “It’s a great village, especially if you work in the city. You can just jump on the railroad and get into the city in a half hour.”

As part of its mission, village officials made a “conscious decision” to embrace the growing diversity in their midst by holding concerts and fetes with free food and entertainment — Diwali, the Indian festival of lights, Chinese New Year, Latin holidays and St. Patrick’s Day for starters, Devane said. Many of the businesses and residents have been generous, providing food and other supplies for free, the mayor said.

New Hyde Park is home to one of the most...

New Hyde Park is home to one of the most unique McDonald’s buildings. Formerly known as the Denton House, it was built in 1795. Credit: Jeff Bachner

It was the English and Dutch who settled in the area in the early 1600s. Some of the settlers’ original records are among the oldest of local government documents in the nation, according to the village website, and they are preserved in the North Hempstead town clerk’s office.

For buyers, New Hyde Park stands out on cost and location, said Shri Singh, an associate broker at Berkshire Hathaway.

While listings topping $1 million have appeared in the past few years, housing prices and taxes are lower than the villages around it, Singh said. Many buyers are young parents who like the school districts, he added, and being close to Roosevelt Field mall is another plus.

“It’s a very convenient location to go to the city and shopping,” Singh said. “People don’t want to go too far east, and taxes are really affordable.”

Homes along Jasmine Avenue, top, and Eighth Avenue in New...

Homes along Jasmine Avenue, top, and Eighth Avenue in New Hyde Park. Credit: Jeff Bachner

CONDOS AND CO-OPS There are no condos or co-ops currently on the market.

SALE PRICES Between June 26, 2023, and June 25, 2024, there were 253 home sales with a median sale price of $800,000, according to OneKey MLS. During that period a year earlier, there were 313 home sales with a median sale price of $750,000.

OTHER STATS

Population 10,235

Median age 41.7

Median home value $805,000

Monthly LIRR ticket from New Hyde Park $253

School district, graduation rate Sewanhaka (95.3%)

Libraries Hillside, Elmont

Transit NICE Bus Route 25

Sources: 2022 American Community Survey; OneKey MLS via InfoSparks by ShowingTime; LIRR, data.nysed.gov

ON THE MARKET

$889,888

Built in 1898 but entirely renovated last year, this four-bedroom, 3½-bath Colonial has an open floor plan, a finished attic for additional living space and a finished, full basement with walkout access. There’s an eat-in kitchen with Energy Star qualified appliances, a bedroom on the first floor and a shed in the fenced-in back yard. Taxes are $11,800. Saffet Ogeturk, 516-754-3162, Daniel Gale Sotheby’s International Realty

$695,000

This 1,100-square-foot Cape has three bedrooms, one bath and an eat-in kitchen. Built in 1938, the home features a full basement and one-car garage in the back yard. Taxes are $9,656. Marc P. Caputo, ERA/Caputo Realty 516-551-5385

RECENTLY SOLD

$979,000

Ingraham Lane

Style Hi ranch

Bedrooms 4

Bathrooms 2

Built 1971

Lot size 0.09 acre

Taxes $13,319

+/- List price Sold for asking

Days on market 65

$780,000

Baer Place

Style Colonial

Bedrooms 4

Bathrooms 2

Built 1922

Lot size 0.07 acre

Taxes $9,868

+/- List price -$19,500

Days on market 96

$627,000

N. First Street

Style Cape

Bedrooms 5

Bathrooms 2

Built 1946

Lot size 0.09 acre

Taxes $12,040

+/- List price -$12,000

Days on market 71

ON ONEKEY MLS

Number of listings 18

Price range $695,000 to $1.548 million

Tax range $9,655.61 to $17,478

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