131 N 5th Street, New Hyde Park, NY 11040

$849,999 · 4 bed · 2 bath · 1,400 sq ft · built 1947 · MLS# 1064319 · Active

Welcome to 131 N 5th Street, New Hyde Park! Low Taxes, Extra-Deep Lot, and Endless Potential! Discover this charming 4-bedroom, 2-bathroom home situated on an extra-deep lot in the heart of New Hyde Park! Featuring a versatile layout with two bedrooms and a full bathroom on each floor, this home offers comfortable living space and flexibility to suit your needs. Step outside to a spacious, fully fenced backyard with plenty of room for entertaining, gardening, outdoor activities, or creating your own private retreat. Additional highlights include a roof replaced in…

Single-family homes in the New Hyde Park-Garden City Park Union Free School District sold for a median of $879,000 (typically $805,000–$1,050,000) across 125 recorded sales between Oct 17, 2025 and Oct 2, 2026, up 1% on the 12 months before. This home's $849,999 list price sits in the mid-market single-family tier for the New Hyde Park-Garden City Park Union Free School District.

ZIP 11040 has about 3.3 months of single family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $10,577 a year, this home's property tax runs roughly 19% below the $13,000 typical for New Hyde Park-Garden City Park Union Free School District. 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