Owner-Occupied 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 Market400
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
Directions
Corner Of Lincoln Avenue & South Village Avenue
Standard status
Active
APN
2029-38-319-00-0016-0
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Oil
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
Tile - Ceramic, Vinyl, Carpet
Building materials
Block, Brick
Additional Structures
Residence
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: Oct 5
Last Checked: Oct 6 at 4:06PM
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 approximately 742-square-foot live-work unit is configured for flexible professional or residential use within a mixed-use co-operative community. The floor plan was prepared for residential purposes, while the space is also identified as suitable for a professional office or medical suite. Owner occupancy is required, and the property is not offered for investor use.
Built in 1939, the building features block and brick construction, vinyl, ceramic tile, and carpet flooring, plus forced-air oil heat and wall or window unit cooling. The unit includes access to assigned parking and a parking lot, with a secured vehicle entrance and rear pedestrian gate. Laundry equipment is permitted in the unit, and a common laundry room is located in the basement. Public water and public sewer serve the property.
Built in 1939, the building features block and brick construction, vinyl, ceramic tile, and carpet flooring, plus forced-air oil heat and wall or window unit cooling. The unit includes access to assigned parking and a parking lot, with a secured vehicle entrance and rear pedestrian gate. Laundry equipment is permitted in the unit, and a common laundry room is located in the basement. Public water and public sewer serve the property.
Key Highlights
- Approximately 742 sq. ft. live‑work unit with residential floor plan
- Suitable for professional office, medical suite, or residential use
- Owner occupancy required; not available 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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use unit with a residential floor plan and professional office or medical suite configuration.
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 sq. ft. live‑work unit with residential floor plan; Suitable for professional office, medical suite, or residential use; Owner occupancy required; not available for investor use
