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10 Hemlock Drive
About This Property
Located in the prestigious gated Kennilworth community of Kings Point, this stunning European-style estate offers unparalleled elegance and craftsmanship. Spectacular interiors showcase soaring ceilings and expansive living spaces, including a grand ballroom, formal dining room, family room, library, and private office. The state-of-the-art eat-in kitchen is perfectly designed for both everyday living and entertaining. The second level features a luxurious primary suite with a private balcony, along with four additional bedrooms and two full bathrooms. The walk-out lower level is an entertainer's dream, offering a spacious sitting room, kitchenette, maid's room with full bath, and a playroom. Designed with the highest caliber of finishes, this exceptional residence displays incomparable classic detailing throughout. The beautifully landscaped grounds include elegant patios and a stunning pool, creating a true resort-like setting.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2026 | Price Decreased |
$7,288,000
↓ $707K
(8.8%) | |
| Price Decreased | |||
| Apr 13, 2026 | Listed by S Sharf Realty Inc | $7,995,000 | |
| Listed by S Sharf Realty Inc | |||
| Oct 1, 2020 | Sold | ||
| Sold | |||
| Aug 17, 2020 | In contract | - | |
| In contract | |||
| May 7, 2020 | No longer available | - | |
| No longer available | |||
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About Great Neck
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$9,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017