14 Chestnut Street, Lynbrook, NY 11563

14 Chestnut Street, Lynbrook, NY 11563

$1,199,000 · 5 bed · 4 bath · 2,536 sq ft · built 1913 · MLS# 1042251 · Active

Welcome to 14 Chestnut Street, a well-maintained legal two-family home located in Lynbrook within the Malverne Union Free School District! This property features two distinct units with an ideal layout for multi-generational living or rental income. The first-floor unit offers 2 bedrooms, 1.5 baths, a dining area, and an eat-in kitchen. The second unit includes 3 bedrooms, 1.5 baths, an eat-in kitchen, a formal dining room, and access to partial attic storage. Additional highlights include a full finished basement with an outside entrance (OSE), a dedicated home office, and an…

Two-to-three-family homes in the Malverne Union Free School District sold for a median of $850,000 (typically $845,000–$890,000) across 5 recorded sales between May 13, 2026 and Aug 21, 2026. Too small a sample to be statistically stable — that median rests on 5 recorded sales, so a single sale moves it substantially. Treat it as a starting point rather than a market reading.

ZIP 11563 has about 3.3 months of multi-family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $12,648 a year, this home's property tax runs roughly 16% below the $15,000 typical for Malverne Union Free School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 11, 2026 4:30 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Lynbrook Market Trend

The past 2 years in Lynbrook has been defined by stability: median sale prices have ranged only from $434K to $815K, holding near $722K without a single direction winning out. Recently, homes have been selling in about 48 days. It's also worth noting that the roughly $722K blended median combines very different property types, so it may not describe any single one: of 409 recent sales, single-family made up the largest share at about 60% with a median near $760K, co-ops about 19% near $320K, multi-family (2-4 family) about 13% near $840K, condos about 8% near $390K. Because co-ops, though not the most common, is priced far enough from the rest to pull the blend down, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $760K, roughly $38K over the headline number, even though the higher-priced multi-family (2-4 family) in the mix pull the other way but at about 13% are too small a share to offset that drag. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.

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Looking for off-market opportunities or a property attorney's read on this listing? Contact Joseph DeVito — Lic. R.E. Associate Broker + NY-licensed real estate attorney.