54 Sandalwood Avenue, Valley Stream, NY 11581

$1,200,000 · 6 bed · 2 bath · 2,340 sq ft · built 1958 · MLS# 1057791 · Active

welcome to 54 Sandalwood Avenue in Valley Stream. Two spacious apartments, a corner setting, and the freedom to start fresh. This legal two-family home offers matching layouts, each featuring three bedrooms, one full bathroom, a kitchen, a large living room, and a dining room with space to gather and entertain. A fully finished basement with a separate entrance and additional rooms adds versatility, while the private driveway provides convenient off-street parking. Currently owner occupied and delivered fully vacant, this property offers an appealing opportunity to live in one apartment and…

Two-to-three-family homes in the Valley Stream Union Free School District 24 sold for a median of $990,000 (typically $890,000–$1,070,000) across 15 recorded sales between Oct 9, 2025 and Sep 21, 2026.

ZIP 11581 has about 2.6 months of multi-family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $11,177 a year, this home's property tax runs roughly 20% below the $14,000 typical for Valley Stream Union Free School District 24. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax