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556 Cherry Lane, New Hyde Park, NY 11040 Property Information

556 Cherry Lane, New Hyde Park, NY 11040 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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556 Cherry Lane, New Hyde Park, NY 11040
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Address

Primary address 556 Cherry Lane, New Hyde Park
Zip code 11040
County Nassau
Town/City North Hempstead
Village (swiss code) New Hyde Park
Parcel ID 8-20-87

Sales & Tax Overview for 556 Cherry Lane, New Hyde Park

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 09/29/2025
Sale price $3,100,000
Arm's length
Current property tax $37,944

Lot & Building Information for 556 Cherry Lane, New Hyde Park

Building sqft 9,450
Building class Storage, Warehouse and Distribution Facilities (440.04)
Land Primary site
Topography Level
Acreage 0.23
Buildings on lot 1
Year built 1955
Stories 1
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district (See more on map)
Capitalization rate
Street Paved
Traffic Medium
Area type Neighborhood or spot
School district New Hyde Park-Garden City Park UFSD

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Commercial Buildings

Square footage Structure Grade Year built Stories
9,450 Warehouse 1-10000 sf C 1955 1

Floor Distribution

Floors Square footage Use Construction Condition Exterior wall Heating Plumbing
01-01 4,700 Whse 0 - 10,000 sf
01-01 1,000 Whse 0 - 10,000 sf
01-01 3,750 Whse 0 - 10,000 sf

Find the size and usage for each floor in the building, plus corresponding details on construction type, physical condition, heating, and plumbing.

Income and Expenses

Check out a breakdown by type of rentable square feet and the rent charged for each, including detailed info on expenses, gross/net income, income and expense rate.

Other Property Data for 556 Cherry Lane, New Hyde Park

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  • • Improvements for 556 Cherry Lane, New Hyde Park , including their type, square footage, grade and when they were built.
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About 556 Cherry Lane, New Hyde Park

How many sq. ft. does 556 Cherry Lane, New Hyde Park, NY 11040 have & what is the price per sq. ft?

This Storage, Warehouse and Distribution Facilities (440.04) located at 556 Cherry Lane, New Hyde Park, NY 11040 has a total of 9,450 square feet and a current price per square foot of $328.

What is the year built & the current market value of 556 Cherry Lane, New Hyde Park, NY 11040?

556 Cherry Lane, New Hyde Park, NY 11040 was built in 1955 and has a current tax assessor's market value of $626,500.

Ownership Information

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Past Sales & Property History for 556 Cherry Lane, New Hyde Park

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Purchase date Purchase price Buyer name Seller name
09/29/2025 $3,100,000
03/27/2018 $1,778,000
       
       
       
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Title Documents for 556 Cherry Lane, New Hyde Park

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2
11/12/2025 - R Other
(Mortgage agreement)
10/23/2025 - R Assignment
(Assign mortgage)
10/20/2025 - R Other
(Mortgage agreement)
10/07/2025 - R Other
(Mortgage agreement)
10/07/2025 - R Assignment
(Assign mortgage)
09/29/2025 - D
10/07/2025 - R
Deed
(Deed commercial/vacant land)
09/29/2025 - D
10/23/2025 - R
Mortgage
(Mtg-mortgage)
09/29/2025 - D
10/07/2025 - R
Mortgage
(Gap)
10/13/2021 - R Other
(Mortgage agreement)
10/13/2021 - R Other
(Mortgage agreement)
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R: Recorded date
D: Document date

Property Taxes for 556 Cherry Lane, New Hyde Park

Access detailed property tax data for 556 Cherry Lane, New Hyde Park, NY 11040. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year 2026
Property tax $37,944
Tax class
Market value $626,500
Assessed value $6,265
Transitional assessed value

Assessment History for 556 Cherry Lane, New Hyde Park

Here's the assessment & property tax history for 556 Cherry Lane, New Hyde Park, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2026 $626,500 $6,265 605.653 $37,944 +1.97%
2025 $626,500 $6,265 593.951 $37,211 +2.11%
2024 $626,540 $6,265 595.077 $36,443 +0.82%
2023 $626,500 $6,265 634.686 $36,145 -15.37%
2022 $626,500 $6,265 681.705 $42,709 -11.31%

Permits for 556 Cherry Lane, New Hyde Park

The complete history of permits filed for 556 Cherry Lane, New Hyde Park, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Data not available for this property.

Demographics by Zip Code

Total population 41,988
Median age 43.6
Average household income $195,405
Family households 81.3%
Occupied housing units 13,916
Owner occupied units 89.0%
Average number of people per household 3.01
Median year structure built 1953
Median value for units with a mortgage $820,200
Median value for units without a mortgage $792,900

Risk

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FEMA flood zone(s) X (See more on map)

Transportation

Access the detailed traffic volume map for 556 Cherry Lane, New Hyde Park to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Neighbors for 556 Cherry Lane, New Hyde Park

Here are the neighbors for 556 Cherry Lane, New Hyde Park.

Address Square feet Purchase date Purchase price
576 N 1st St, New Hyde Park 1,224 11/25/1997 $200,500
577 N 2nd St, New Hyde Park 1,260 07/20/2000 $270,000
548 Cherry Ln, Floral Park 5,120 06/07/2011 $575,000
112 Bryant Ave, New Hyde Park 1,282 11/18/2002 $370,000
530 Cherry Ln, Floral Park 3,800 05/27/2010 $360,000
108 Bryant Ave, New Hyde Park 2,139 03/05/2020 $790,000
512 Cherry Ln, Floral Park 5,120 02/07/2014 $850,000
573 N 2nd St, New Hyde Park 2,158 09/30/2010 $415,000
568 Cherry Ln, Floral Park 1,085 03/28/2022
570 Cherry Ln, New Hyde Park 8,520 08/30/2017 $1,290,000
504 Cherry Ln, New Hyde Park 6,080 10/06/2021 $850,000
531 1st St, New Hyde Park 1,142 01/21/1997 $180,000
536 Cherry Ln, Floral Park 3,808 12/13/2022 $1,150,000
516 Cherry Ln, New Hyde Park 6,704 08/11/2017 $1,155,000
553 N 2nd St, New Hyde Park 1,200 10/12/2023 $675,000
540 Cherry Ln, Floral Park 700
526 Cherry Ln, Floral Park 2,896 09/17/2010 $500,000
508 Cherry Ln, Floral Park 3,760 07/11/2014 $435,000
527 1st St, New Hyde Park 1,142 11/03/2000 $246,000
532 Cherry Ln, Floral Park 3,808 04/05/2012

Nearby ZIP Codes for 556 Cherry Lane, New Hyde Park

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