Live-Work
For Sale
$250,000
23 S Village Avenue, Rockville Centre, NY 11570
Commercial Sale, Rockville Centre, NY
Property Size742 SF
Price / SF$336.93
Days on Market423
Property Features for 23 S Village Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Comm
Parking
1
Parking features
Assigned, Parking Lot
Security features
Security
Fencing
Perimeter, Chain Link
Basement
Unfinished, Storage Space
Elementary school
Riverside Elementary
Middle school
South Side Middle School
High school
South Side High School
Elementary school district
Rockville Centre
Middle school district
Rockville Centre
High school district
Rockville Centre
Directions
Corner Of Lincoln Avenue & South Village Avenue
Standard status
Active
APN
2029-38-319-00-0016-0
Additional Details
Property Use
Professional Office/Medical Suite
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Oil, Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
common laundry room
pet-friendly
security parking gate
rear pedestrian-secured gate
Building Details
Year built
1939
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile - Ceramic, Vinyl
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: Oct 23
Last Checked: Oct 29 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This approximately 742-square-foot unit is one of three mixed-use spaces in a 31-unit cooperative building constructed in 1939. Its floor plan is residential in character, with potential for professional office or medical use. Occupancy is restricted to the owner; the property is not offered for investor use.
In-unit washer and dryer installations are permitted, and residents also have access to a shared laundry room in the basement. The private driveway has a controlled vehicle gate, with a separate secured pedestrian gate at the rear. Municipal parking is available in a lot behind the property and across Lincoln Avenue.
In-unit washer and dryer installations are permitted, and residents also have access to a shared laundry room in the basement. The private driveway has a controlled vehicle gate, with a separate secured pedestrian gate at the rear. Municipal parking is available in a lot behind the property and across Lincoln Avenue.
Key Highlights
- Approximately 742 square feet in a 31‑unit cooperative
- One of three mixed‑use units in the community
- Residential‑oriented layout with potential for professional office or medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,759
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,180
$255.2K
Cap Rate 7%
$182,271
$182.3K
Cap Rate 9%
$141,767
$141.8K
Market Conditions
NOI Build-Up for 742 SF
Gross rent
$20.7K $27.96/SF
− Vacancy
−$3.7K −$5.03/SF
EGI
$17.0K $22.93/SF
− OpEx
−$4.3K −$5.73/SF
NOI
$12.8K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,180
Cap Rate 7%
$182,271
Cap Rate 9%
$141,767
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,837
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Live-work space - A residential-layout unit in a 31-unit cooperative community may also serve professional office or medical use.
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 square feet in a 31‑unit cooperative; One of three mixed‑use units in the community; Residential‑oriented layout with potential for professional office or medical use
