1218 Centre Street
About This Property
This custom-built residence in the desirable Hewlett-Woodmere School District combines thoughtful design with quality craftsmanship. Beautifully maintained and situated on a corner lot, the home offers striking curb appeal with a stucco exterior, an oversized driveway, and a grand double-door entry.
Inside, high ceilings and radiant heat beneath every tiled floor create a comfortable and inviting atmosphere. The home features elegant living and dining rooms, along with a spacious great room centered around a fireplace. The chef's kitchen is well-appointed with Viking appliances, custom cabinetry, a center island with prep sink, a pot filler, wine cooler, and a sunlit breakfast area.
The second level offers four bedrooms, including a spacious primary suite with vaulted ceilings, a walk-in closet, a steam shower, and a Jacuzzi tub. A private junior suite provides additional comfort for family or guests, while a main-level office offers flexibility as a possible fifth bedroom.
The full basement expands the living space with radiant heat throughout, a wet bar, wine refrigerator, built-in sound system, recreation area, and a dedicated movie room. Outside, the private fenced yard features a Trex deck, providing a comfortable space for outdoor enjoyment. Solar panels add to the home's efficiency.
Conveniently located near houses of worship, the LIRR, shopping, and dining, this exceptional home offers spacious living, quality finishes, and everyday convenience in the heart of Hewlett.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Price Decreased |
$1,739,000
↓ $160K
(8.4%) | |
| Price Decreased | |||
| Aug 25, 2026 | Price Decreased |
$1,899,000
↓ $96K
(4.8%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$1,995,000
↓ $90K
(4.3%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$2,085,000
↓ $210K
(9.2%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by Howard Hanna Coach | $2,295,000 | |
| Listed by Howard Hanna Coach | |||
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About Five Towns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017