Mixed-Use Live-Work Office
23 S Village Avenue Rockville Centre, NY 11570
For Sale
$250,000
SINGLE_FAMILY - Rockville Centre, NY
Property Size742 SF
Price / SF$336.93
Days on Market325
Property Features for 23 S Village Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Comm
- Parking
- 1
- Parking features
- Parking Lot, Assigned
- Security features
- Security
- Fencing
- Chain Link, Perimeter
- 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 Agency:
Leatherman Homes
(516) 766-1400
Listed By:
Kevin M. Leatherman ABR SFR C2EX A
(516) 984-1815
Added: Sep 2, 2025
Changed: Jul 7
Last Checked: Jul 23 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This offering is a unique professional office/medical suite or residential unit within Elmwood House, also known as 51 Lincoln Avenue, a 31-unit co-operative community. The mid-size unit includes a floor plan prepared for residential purposes and is suited for a live-work configuration. The monthly maintenance is $1,106 and includes property taxes, heating costs, water, hot water, grounds care, and resident super. Washer and dryer use is allowed in the unit, with an additional common laundry room located in the building basement.
The property is located in the village with convenient access to area amenities, and it includes municipal parking in a lot adjacent to the rear or across Lincoln Avenue on the side of Frank's Steakhouse. Access is controlled through a security parking gate at the private driveway entrance/exit, along with a rear pedestrian-secured gate for building entry.
This suite is intended for owner-occupants only, not investor purposes. The building is pet-friendly, and lessees may keep one dog up to 30 lbs or one cat within a residential unit. With its dual-purpose layout and on-site laundry options, the unit is well suited for an owner who needs a compact workspace alongside a functional residential environment.
The property is located in the village with convenient access to area amenities, and it includes municipal parking in a lot adjacent to the rear or across Lincoln Avenue on the side of Frank's Steakhouse. Access is controlled through a security parking gate at the private driveway entrance/exit, along with a rear pedestrian-secured gate for building entry.
This suite is intended for owner-occupants only, not investor purposes. The building is pet-friendly, and lessees may keep one dog up to 30 lbs or one cat within a residential unit. With its dual-purpose layout and on-site laundry options, the unit is well suited for an owner who needs a compact workspace alongside a functional residential environment.
Key Highlights
- Approx. 742 sq. ft. live‑work unit with a floor plan prepared for residential purposes
- Monthly maintenance of $1,106 includes property taxes, heating, water, hot water, grounds care, and a resident super
- Owner‑occupied only; not for investor purposes
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 Uses
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mrs. Mary Dennehy
Foster Care Service
Serenity Relaxation Center
Medical Clinic
Amiel/Bellissima Hair & Color ...
Hair Salon
FAQs
What type of property is this?
Live-work space - Mixed-use suite designed for live-work use with nearby municipal parking and pet-friendly community policies.
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: Approx. 742 sq. ft. live‑work unit with a floor plan prepared for residential purposes; Monthly maintenance of $1,106 includes property taxes, heating, water, hot water, grounds care, and a resident super; Owner‑occupied only; not for investor purposes
