Unique Rockville Centre Live-Work
23 S Village Avenue, Rockville Centre, NY 11570
SINGLE_FAMILY - Rockville Centre, NY
Type:Office
Property size:
742 SFPrice / SF:
$336/SF- Added:
- Sep 2, 2025
- Days on Market:
- 257
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 23 S Village Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Comm
- Parking
- 1
- Parking features
- Assigned, Parking Lot
- Security features
- Security
- Fencing
- Perimeter, Chain Link
- Basement
- Storage Space, Unfinished
- Standard status
- Active
- APN
- 2029-38-319-00-0016-0
- Size
- 742 SF
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Oil, Forced Air
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Vinyl, Tile - Ceramic
- Building materials
- Block, Brick
- Additional Structures
- Residence
Listing agent Kevin M. Leatherman ABR SFR C2EX A (516) 984-1815
Listing office Leatherman Homes 25 S Village Ave, Rockville Centre, NY (516) 766-1400
Listing date Sep 2, 2025
MLS# 906784
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.
HighLights
- Approximately 742 sq. ft. live‑work space suitable for professional office/medical suite or residential use.
- Monthly fee covers property taxes, heating, water, hot water, grounds care, and resident Super.
- Pet‑friendly community allows one dog (under 30 lbs) or one cat.
- Conveniently located in the village with easy access to amenities.
- On‑site Laundry: Washer & Dryer allowed in the unit, plus a common laundry room in the basement.
- Secured Access: Features a security parking gate and a rear pedestrian‑secured gate.
Overview
This unique mixed-use unit, suitable for a professional office, medical suite, or residential use, is located in Elmwood House at 51 Lincoln Avenue, a 31-unit cooperative community in the village of Rockville Centre. The approximately 742 sq. ft. unit is designed as a live-work space. Monthly maintenance fees of $1,106 cover property taxes, heating, water, hot water, grounds care, and a resident superintendent. The floor plan was prepared for residential purposes. Municipal parking is available in the lot adjacent to the rear of the property and across Lincoln Avenue near Frank's Steakhouse. Washer and dryer are allowed in the unit, and a common laundry room is located in the building's basement. The community is pet-friendly, permitting one dog up to 30 lbs or one cat. Security features include a parking gate at the private driveway and a secured pedestrian gate for rear access. Owner-occupancy is required; investor purchases are not permitted.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$141.8K
NOI $12,759 @ 9.00% cap · cautious / downside scenario
Moderate
$182.3K
NOI $12,759 @ 7.00% cap · market / base-case scenario
Aggressive
$255.2K
NOI $12,759 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $27.96 |
| − Vacancy | −$3.7k | −$5.03 |
| EGI | $17.0k | $22.93 |
| − OpEx | −$4.3k | −$5.73 |
| NOI | $12.8k | $17.20 |
742 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$182.3K
$159.5K – $212.7K
NOI $12,759 @ 7.0% cap · market cap 5.10%
Second Best
Mixed Use
$146.3K
$128.0K – $170.7K
NOI $10,240 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$490.6K
$429.3K – $572.4K
NOI $34,342 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mrs. Mary Dennehy
Foster Care Service
Serenity Relaxation Center
Medical Clinic
Amiel/Bellissima Hair & Color ...
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Rockville Centre
- County
- Nassau
- State
- New York
- Longitude
- -73.647693
- Latitude
- 40.65764
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Versatile 742 sq ft co-op ideal for live-work.
Where is this live-work space located?
The property is located at 23 S Village Avenue Rockville Centre, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 742 sq. ft. live‑work space suitable for professional office/medical suite or residential use.; Monthly fee covers property taxes, heating, water, hot water, grounds care, and resident Super.; Pet‑friendly community allows one dog (under 30 lbs) or one cat.
