Professional Co-op in Medical
For Sale
$249,000
200 N Village Ave 100, Rockville Centre, NY 11570
860 SF professional co-op near major highways and train.
Property Size860 SF
Price / SF$289.53
Days on Market212
Property Features for 200 N Village Ave 100
General Information
Standard status
Active
Size
860 SF
Property subtype
Commercial
Building Details
Building Size
860 SF
Year Built
1950
Stories
1
Listing Agency:
Douglas Elliman
Listed By:
Jessica Hollenstein · License #10401265478
(516) 522-4969
Source:
Elliman
Added: Mar 12
Changed: Oct 1
Last Checked: Oct 7 at 2:26PM
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 860 square foot professional co-op is suitable for attorneys, medical providers, physical or occupational therapists, psychiatrists, or similar practices. The unit features four treatment rooms, a private office, and a waiting area. Previously operated as a chiropractic office, it offers a turnkey setup for immediate use. The maintenance fee is $1,474 per month. The street-level space offers easy access and is conveniently located near all major highways in the medical corridor of Rockville Centre, and is 0.4 miles from the train station. The space use is flexible.
Key Highlights
- Turnkey professional co‑op with existing treatment rooms, private office, and waiting area.
- Ideal for medical or legal practices due to existing layout and features.
- Convenient location in the medical corridor of RVC, near major highways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,088
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,760
$301.8K
Cap Rate 7%
$215,543
$215.5K
Cap Rate 9%
$167,644
$167.6K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$29.2K $33.96/SF
− Vacancy
−$4.1K −$4.72/SF
EGI
$25.1K $29.24/SF
− OpEx
−$10.1K −$11.70/SF
NOI
$15.1K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,760
Cap Rate 7%
$215,543
Cap Rate 9%
$167,644
Alternative Uses
Best Use
Healthcare Medical
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$211.3K
$184.9K – $246.5K
NOI $14,788 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$568.6K
$497.5K – $663.4K
NOI $39,803 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 860 SF professional co-op near major highways and train.
Where is this medical office space located?
The property is located at 200 N Village Ave 100 Rockville Centre, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Turnkey professional co‑op with existing treatment rooms, private office, and waiting area.; Ideal for medical or legal practices due to existing layout and features.; Convenient location in the medical corridor of RVC, near major highways.
