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117 Terrace Avenue
Property Overview
Active Listing
1 / 11
11 listing photos · Tap Enlarge for full-size view
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Specs
4
Beds
3
Baths
Interior Living Space (Sq Ft)
1847 sq ft
Lot Size (Sq Ft)
4,000 sq ft
Year Built
1960
Price/Sq Ft (Living Area)
487$
Price/Sq Ft (Lot Size)
225$
Lifestyle
Walk Score
0
Transit Score
20
Neighborhood Vibe
A calculation based on nearby amenity density.
Taxes
%
FY 2025
Tax Year
Annual Tax
$10,011
Assessed Value
$584
Price History
Zestimate Range
$574k – $918k
+59.3%
since 2016
2016: $576kNow: $918k
Zillow Zestimate history · 121 data points
Safety & Hazards
A
Safety Rating
Based on Crime & Hazards
Crime Rate Index
Very Low
0/100
Flood Risk
Unknown
▶
Property Showing
117 Terrace Avenue, Floral Park, NY, 11001
Zumintel Report
EVALUATED FOR: HOUSE HACK (LTR UNIT)
117 Terrace Avenue, Floral Park, NY 11001
SINGLE_FAMILY•April 25, 2026•MLS #981065
60/100
House Hack Score
Executive Summary
Verdict Locked
Based on current list price and market conditions.
Est. Price
$899,000
Square Feet
1,847
Year Built
1960
Configuration
4bd / 3ba
Market Context
- Pricing PositionThe property is positioned within a strong market showing recent price appreciation.
- Liquidity RiskHomes are selling faster than last year, indicating stable market velocity.
- NeighborhoodLocated in the Incorporated Village of Floral Park, known for its community amenities.
- Local MarketMedian Neighborhood Price: $859,000 (+38% YoY)Market Velocity: Stable • Inventory: Balanced • Avg DOM: 56 days
- Investment PotentialEstimated Rent: $5,250/moCap Rate: 4.56% • 5-Year Growth: -
Location & Commute
- Close proximity to Floral Park Recreation Center, offering outdoor activities and community amenities.
- Located in the Incorporated Village of Floral Park.
- Transit Score of 20 indicates limited public transportation options.
Payment Calculator
$
$
Assumptions & Methodology
- •STR Data: Nightly yields mapped from regional AVM adjusted comps using a conservative median occupancy baseline. Verified via AI context.
- •Cap Rate: Derived mathematically (Market Adjusted Gross Yield minus standard expense, maintenance, and vacancy ratios).
- •Standard Math: Standard principle and interest amortized over 30-year fixed rates. Taxes and insurance are estimations.
Estimated Monthly Payment
$6,579
Principal & Interest
$4,546Operating Expenses/mo
$2,033House Hack Impact
Estimated Payment$6,579
-Projected Rental Income-$2,625
Net Payment Out-of-Pocket$3,954/mo
The conventional US estimated payment calculation is for informational purposes only. Users are free to make their financial decisions based on their personal economic, ethical and religious belief systems.
Financial Performance
Based on 6.5% rate · 20% down · 30-yr fixedInvestment Analysis Locked
Detailed Cash Flow, Cap Rate, and ROI projections are available for Builder+ plans or by using Top-Up Credits.
Upgrade to Unlock Investment DataComparative Market Analysis
Validate the asking price against recent comparable sales in the area. Includes similarity scoring, price adjustments, and exclusion reasoning.
Strategic Assessment
Key Advantages
- •Spacious home with 4+ bedrooms and 3 full bathrooms.
- •Beautiful hardwood floors and large, sun-filled rooms.
- •Attached garage and exceptional closet space.
- •Strong school district.
Considerations
- •Oil heat may be less desirable than gas.
- •Property taxes are $17,129, which may be high relative to the area.
- •Transit score is only 20, indicating limited public transportation options.
- •Days on market increased from 46 to 56, indicating slower sales pace.
Due Diligence
- •Confirm zoning regulations regarding additional units or rentals with the Village of Floral Park.
- •Unknown FEMA flood zone designation needs verification.
10-Year Wealth Outlook
10-Year Wealth Outlook · Pro+
Upgrade to Pro to see how this property builds (or erodes) wealth and why.
Verdict Locked
Analyst Verdict
Based on current list price and market conditions.
STRONG BUY
Use-Case Alignment
living
High Match
Short-Term
Low Match
Living+STR
Medium Match
rental
Medium Match
House Hack
Medium Match
flip
Low Match
Disclaimer: This report is for informational purposes only and does not constitute financial or real estate advice. Zumintel is not liable for any inaccuracies or the condition of the property. Users should conduct their own due diligence.
Definitions & Methodology
Cap Rate (Capitalization Rate)Net Operating Income (NOI) divided by the property asset value. It indicates the potential rate of return on the real estate investment.
Investment ScoreA proprietary composite score (0-100):
- 80-100: Excellent (Strong Cashflow & Potential)
- 60-79: Good (Stable, Moderate Returns)
- 40-59: Fair (Value Add Required)
- <40: Risky (Negative Cashflow/High Risk)
Walk ScoreA measure of walkability based on the distance to nearby amenities. 90-100 is a "Walker's Paradise".
Transit ScoreEstimates how well a location is served by public transport. Calculated based on distance to nearest stops and frequency.
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