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Malverne 11565 Malverne
49 Hempstead Avenue
Photo of 49 Hempstead Avenue
Sold on Sep 2, 2026

17

Map

Photo of 49 Hempstead Avenue
Photo of 49 Hempstead Avenue
$650,000
● House - Off Market

49 Hempstead Avenue

Hempstead, NY 11565
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,390 Ft²
$4,491
Est. Monthly

About This Property

Unique opportunity to own a charming farmhouse set on an oversized lot in the heart of Malverne! This 2-bedroom home is full of character and offers endless possibilities to make it your own. Featuring a detached two-car garage and an additional outbuilding, the expansive property provides exceptional space for hobbies, storage, gardening, entertaining, or future possibilities (with proper permits). Let your imagination bring this special property to life.

Ideally located just moments from the charming Village of Malverne, you'll enjoy easy access to local boutiques, restaurants, cafe's, parks, and the LIRR for a convenient commute. Known for its tree-lined streets, welcoming community, and small-town charm, Malverne offers the perfect blend of suburban tranquility and everyday convenience. Don't miss this rare opportunity to create the home you've always envisioned!

***New furnace 2024***

***House being sold as is***
Unit Size
1,390 Ft²
Days on Market
68 days
Land Size
0.34 acres
Price per sqft
$503
Property Type
House
Property Taxes
$1,059
HOA Dues
-
Year Built
1875

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 months ago (OneKey MLS #KEY1011467)

Price History

Date / Event Date Event Price
Sep 2, 2026 Sold
Premium
Sold
Jul 28, 2026 In contract -
In contract
Jul 11, 2026 Price Decreased $699,000
↓ $100K (12.5%)
Price Decreased
Jun 11, 2026 Listed by Daniel Gale Sothebys Intl Rlty $799,000
Listed by Daniel Gale Sothebys Intl Rlty
Nov 9, 2011 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1875
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 234
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 14,593
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 970
  • Total Building Area: 1,390
  • Building Area: 1,390
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,390
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000335
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 012

Neighborhood

  • School District Name: Malverne Union Free School District
  • School Tax School District: 012
  • School Tax District Code 2: MAL
  • Census Tract: 410200

Geography

  • District: 282027
  • Section: 37
  • Parcel: 37-00E-00-0082
  • Block: E
  • Lot: 82
  • Municipality: MALVERNE
  • Latitude: 40.6684
  • Longitude: -73.6707

    Address

  • Full Address: 49 Hempstead Ave
  • Address - House Number: 49
  • Address - Street Name: Hempstead
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Malverne
  • Carrier Code: C009
  • 4-Digit Zip Code: 2019
  • Zip Code: 11565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $796,141
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.2377
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 66
  • Final Value: 643,449
  • High Value: 796,402
  • Low Value: 490,496

    Market Valuation

  • Market Total Value: $463,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $463
  • Assessed Land Value: $313
  • Assessed Improvements Value: $150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 26, 2011
  • Current Sale Recording Date: Nov 09, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2011110900251
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Malverne

Stats & Trends

Median Asking:

$789,000

Sale Price/ft²

$497

Above Asking

0.00%

Average Days on Market

94

Average Home Size

1808 ft²

Average Home Age

84.4 years

Currently For Sale

21 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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  • 1 Bath
  • 633 ft²
5 Freer Street #306, Lynbrook, NY, 11563 Listing by Kathleen L. Sarge
Unit for rent at 99 Centre Avenue, East Rockaway, NY, 11518

$2,995 /mo

  • 1 Bed
  • 1 Bath
  • 1,200 ft²
99 Centre Avenue, East Rockaway, NY, 11518 Listing by Steve Hakimzadeh
Unit for rent at 24 Doxsey Place, Lynbrook, NY, 11563

$3,300 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
24 Doxsey Place #3, Lynbrook, NY, 11563 Listing by Sergey Borohov

Rentals Near You

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OneKey

Last Updated: 2 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 49 Hempstead Avenue built and last sold?
The property at 49 Hempstead Avenue was built in 1875 and last sold on Oct 26, 2011 for $282,000.
How much is this home worth?
The estimated value of the home located at 49 Hempstead Avenue is $806,990.
What are some comparable homes to 49 Hempstead Avenue?
There are currently no comparable homes to 49 Hempstead Avenue.
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