516 Oakland Avenue, Cedarhurst, NY 11516

$1,329,000 · 1 bed · 1 bath · 1,482 sq ft · built 1948 · MLS# 1069120 · Active

Legal 2 family for sale in heart of Cedarhurst close to all. Move in Ready unit1- 2 bed 1 bath eat in kitchen with access to full basement unit 2 - 1.5 bed /1 bath eat in kitchen with access to attic for storage 2 car garage with second floor 55x100 lot will be delivered vacant

Two-to-three-family homes in the Lawrence Union Free School District sold for a median of $900,000 (typically $775,000–$1,270,000) across 10 recorded sales between Dec 11, 2025 and Oct 14, 2026, down 9.9% on the 12 months before.

ZIP 11516 has about 9 months of inventory — strong buyer's market. A heavily oversupplied market — buyers hold the upper hand, and sellers often offer price cuts or concessions to compete.

At about $8,953 a year, this home's property tax runs roughly 12% above the $8,000 typical for Lawrence 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