King's Point

Paper Summary:

This paper is a geographical and demographic account of King's Point. It provides different data and figures to explain the population make-up of the area. It also provides a brief history of King's Point. It explains that King's Point is a predominantly Jewish community and is, in many respects, dominated by the mansions of the Jewish Mashadi Diaspora community, which migrated from Iran following the 1979 revolution.

From the Paper:

"Not only is the average home value in excess of 846,500 dollars, but the average home value of the lowest quartile is 452 thousand dollars, nearly twice the median Nassau County home value of 221,100 dollars. 761 of King's point's 1733 owner-occupied housing units are valued at in excess of one million dollars. Median real estate taxes in King's Point are over 10 thousand dollars, whereas those of Long Island itself are "merely" 5,600 a year. The average home value has increased significantly since 1990, however, this can mostly be accounted by a housing boom created by low interest rates and a previous NYC area housing boom created by the city's prosperity in the 1990's. The Great Neck Park District, Great Neck Station on the Long Island Railroad, and the Great Neck School District are all accessible to residents of King's Point."

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