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    345-349 Hempstead Ave Malverne, NY 11565

    Sponsored
    For Lease
    $3,600 /Mo ($7 SF/Yr)

    COMMERCIAL - Malverne, NY

    Type:Retail
    Lot size:
    0.14 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 5:06 pm

    Property Features for 345-349 Hempstead Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Basement
    APN
    2027-35-261-00-0144-0
    Basement
    Partial
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Building materials
    Brick

    Newman Realty Inc. (516) 599-2800 [email protected]

    Listing agent Leon Sanchez GRI

    Listing date Jan 6, 2026

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Commercial Space Available

    This commercial space is located on a prime corner in the heart of Malverne, New York. Situated on the northeast corner, the property offers 1200 square feet of space, complemented by a basement. The location provides excellent visibility. The lot size is 0.1409 acres. Availability begins February 1st.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malverne
    County
    Nassau
    State
    New York
    Longitude
    -73.668503
    Latitude
    40.67668

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    FAQs

    What type of property is this?
    Retail space - Corner commercial space in Malverne, available February 1st.
    Where is this retail space located?
    The property is located at 345-349 Hempstead Ave Malverne, NY.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner commercial space; - Excellent visibility; - 1200 SF + Basement
    (516) 599-2800
    Request Owner's contact information
    345-349 Hempstead Ave Malverne, NY 11565
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    345-349 Hempstead Ave Malverne, NY 11565
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