217 Hempstead Avenue
About This Property
From the moment you step inside, you're greeted with an unforgettable "wow" factor-soaring vaulted ceilings create an open, airy ambiance, while a dramatic floor-to-ceiling stone fireplace, complemented by intricate custom woodwork serves as the centerpiece of the home.
A true chef's kitchen, designed to impress with high-end finishes, ample cabinetry, and an ideal layout for both everyday living and entertaining. Every detail throughout the home reflects quality, style, and thoughtful design.
A full basement with a separate entrance offers endless possibilities
Located in the heart of Malverne, this one-of-a-kind home seamlessly blends luxury, comfort, and functionality. A rare opportunity to own a fully remodeled masterpiece with the feel of new construction-this is the one you've been waiting for.
Some photos have been digitally staged. Front is enhanced as masonry work is currently underway
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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%.
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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 10, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by Newman Realty Inc | $1,250,000 | |
| Listed by Newman Realty Inc | |||
| Apr 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 11, 2026 | Listed by Newman Realty Inc | $1,249,000 | |
| Listed by Newman Realty Inc | |||
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Welcome to this stunning Malverne showcase home, where luxury meets modern craftsmanship in a completely reimagined residence that lives like brand-new construction. Thoughtfully redesigned from top to bottom, this exceptional property offers 4 spacious bedrooms and 4 full bathrooms, including two primary suites
From the moment you step inside, you’re greeted with an unforgettable “wow” factor—soaring vaulted ceilings create an open, airy ambiance, while a dramatic floor-to-ceiling stone fireplace, complemented by intricate custom woodwork serves as the centerpiece of the home.
A true chef’s kitchen, designed to impress with high-end finishes, ample cabinetry, and an ideal layout for both everyday living and entertaining. Every detail throughout the home reflects quality, style, and thoughtful design.
A full basement with a separate entrance offers endless possibilities
Located in the heart of Malverne, this one-of-a-kind home seamlessly blends luxury, comfort, and functionality. A rare opportunity to own a fully remodeled masterpiece with the feel of new construction—this is the one you’ve been waiting for.
Some photos have been digitally staged. Front is enhanced as masonry work is currently underway
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017