Professional Co-op Ready for
200 N Village Ave 101A Rockville Centre, NY 11570
For Sale
$499,000
Turnkey 1,700 SF professional co-op with flexible use.
Property Size1,700 SF
Price / SF$293.53
Days on Market95
Property Features for 200 N Village Ave 101A
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
Douglas Elliman
(516) 522-4969
Listed By:
Jessica Hollenstein · License #10401265478
(516) 522-4969
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
This 1,700 square foot ground-level professional co-op features a double-entrance layout suitable for attorneys, medical users, therapists, psychiatrists, and similar professional practices. The space includes seven private offices or treatment rooms, a reception office, a dedicated waiting area, two restrooms, and a storage room. The unit is located in an established, high-traffic area and benefits from strong visibility and convenient on-street parking. The space is fully built out, well maintained, and ready for immediate occupancy. Currently operating as a quiet therapy counseling office, the space offers flexible use, allowing a new professional to customize the space as needed. The bike score is 43, indicating it is somewhat bikeable. The walk score is 33, indicating car-dependent accessibility, and the transit score is 41, indicating some transit options. The monthly maintenance is $2,458.
Key Highlights
- Turnkey, fully built‑out professional space ready for immediate occupancy
- Ideal layout with seven private offices/treatment rooms, reception area, and waiting area
- Double‑entrance, ground‑level access
Financial Insights For Healthcare Medical
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 | $57.7k | $33.96 |
| − Vacancy | −$8.0k | −$4.72 |
| EGI | $49.7k | $29.24 |
| − OpEx | −$19.9k | −$11.70 |
| NOI | $29.8k | $17.54 |
1,700 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$426.1K
$372.8K – $497.1K
NOI $29,824 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$417.6K
$365.4K – $487.2K
NOI $29,232 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Long Island Pulmonary ...
Physician
Glow Box Esthetics ...
Spa & Massage Center
Coaching Your Divorce ...
Consultant
Dr. Aviva Kamath
Physician
Dr. Karen Mrejen
Physician
Similar Off Market Nearby
- Hilton Hospital For Animals: Sorowitz Jennifer DVM — 120 Merrick Rd, Lynbrook, NY 11563
- Terry Animal Hospital — 3 Washington St, Rockville Centre, NY 11570
- Premier Veterinary Medical Group - Rockville Centre — 120 N Village Ave, Rockville Centre, NY 11570
FAQs
What type of property is this?
Medical Office Space - Turnkey 1,700 SF professional co-op with flexible use.
Where is this medical office space located?
The property is located at 200 N Village Ave 101A Rockville Centre, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey, fully built‑out professional space ready for immediate occupancy; Ideal layout with **seven private offices/treatment rooms**, reception area, and waiting area; Double‑entrance, ground‑level access
