Live-Work
23 S Village Avenue, Rockville Centre, NY 11570
For Sale
$250,000
Pending
Commercial Sale, Rockville Centre, NY
Property Size742 SF
Days on Market433
Property Features for 23 S Village Avenue
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Security features
Fencing
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
common laundry room
pet-friendly
security parking gate
rear pedestrian-secured gate
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Additional Structures
Listing Agency:
Leatherman Homes
(516) 766-1400
Listed By:
Kevin M. Leatherman ABR SFR C2EX A · License #31LE1175078
(516) 984-1815
Added: Sep 2, 2025
Changed: Nov 6
Last Checked: Nov 8 at 2:06AM
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 742-square-foot live-work unit is located in a 31-unit cooperative in Rockville Centre. Its floor plan is configured for residential use, and the unit is described as suitable for professional office or medical use as well. Occupancy is limited to owners; the property is not intended for investors. The cooperative includes three mixed-use units, with this one identified as the mid-size option.
Residents have access to a basement laundry room, and in-unit washers and dryers are allowed. The private driveway has a vehicle security gate, with a secured pedestrian gate at the rear. Municipal parking is available in a lot behind the property and across Lincoln Avenue.
Residents have access to a basement laundry room, and in-unit washers and dryers are allowed. The private driveway has a vehicle security gate, with a secured pedestrian gate at the rear. Municipal parking is available in a lot behind the property and across Lincoln Avenue.
Key Highlights
- 742 square feet in a 31‑unit cooperative
- One of three mixed‑use units in the community
- Owner occupancy required; not for investor use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,017
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,340
$260.3K
Cap Rate 7%
$185,957
$186.0K
Cap Rate 9%
$144,633
$144.6K
Market Conditions
NOI Build-Up for 742 SF
Gross rent
$25.2K $33.96/SF
− Vacancy
−$3.5K −$4.72/SF
EGI
$21.7K $29.24/SF
− OpEx
−$8.7K −$11.70/SF
NOI
$13.0K $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%
$260,340
Cap Rate 7%
$185,957
Cap Rate 9%
$144,633
Alternative Uses
Best Use
Healthcare Medical
$186.0K
$162.7K – $217.0K
NOI $13,017 @ 7.0% cap · market cap 5.21%
Second Best
Office B
$182.3K
$159.5K – $212.7K
NOI $12,759 @ 7.0% cap · market cap 5.10%
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
1
Office units
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 residentially designed floor plan is available for owner-occupied 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: 742 square feet in a 31‑unit cooperative; One of three mixed‑use units in the community; Owner occupancy required; not for investor use
