Commercial Real Estate Market in Lynbrook, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
72 active listings and 539 off-market properties in Lynbrook, NY. Commercial property asks $509/SF to buy and $28.18/SF/Yr to lease.
Market Trends
Lynbrook, NY spans 2.3 square miles in Nassau County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lynbrook, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Lynbrook, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Lynbrook, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Lynbrook, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 78.2%
- Commercial 13%
- Industrial 8.8%
Largest Zones share of zoned land by district
Residence
Commercial
Residence
Industrial
Light Manufacturing
Lynbrook, NY zones 1,293 acres across 6 districts. Commercial zoning covers 13% of zoned land, residential 78.2% and industrial 8.8%. The largest single district is Residence at 67.3%. For commercial buyers the practical constraint is that only 21.8% of land carries a commercial or industrial designation.
Residence (A)
Where a residence district is bounded by a portion of a Commercial, Light Manufacturing or Industrial District, referred to hereafter as "business district," any side street extending through such residence district into such business district shall not be used for any business purposes except as herein set forth. B. The business structure erected in said bu…
Market overview
Demographics & Economy
Lynbrook, NY has 23,349 residents in 8,088 households. Density runs 10,046 people per square mile. Median household income here is $138,006 and median gross rent $2,173 a month.
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,046
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
Tools
Lease vs Buy Breakeven
At $28.18/SF/Yr lease vs $509/SF buy → buying wins if held > 7 years.
At a 5.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Rockaway | — | — |
| Rockville Centre | — | $30.14 |
| Valley Stream | — | $23.75 |
Commercial property in Lynbrook, NY asks $509/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynbrook?
Commercial property in Lynbrook, NY asks an average of $509 per square foot. The 7 most recent recorded sales traded at a median of $352/SF, so asking sits 45% above the achieved median.
How much does it cost to lease commercial space in Lynbrook?
Asking lease rates in Lynbrook, NY average $28.18 per square foot per year.
Is it cheaper to lease or buy commercial space in Lynbrook?
Buying beats leasing in Lynbrook, NY if the property is held longer than 7.0 years, comparing $28.18/SF/Yr asking rent with $509/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Lynbrook?
Lynbrook, NY zones 1,293 acres across 6 districts, of which 13% is commercial and 8.8% industrial. The largest single district is Residence at 67.3% of zoned land. Where a residence district is bounded by a portion of a Commercial, Light Manufacturing or Industrial District, referred to hereafter as "business district," any side street extending through such residence district into such business district shall not be used for any business purposes except as herein set forth. B. The business structure erected in said bu… Residential zoning covers 78.2% and open space 0%.
Where does Realmo's Lynbrook market data come from?
Realmo compiles Lynbrook, NY figures from 7 recent recorded sales, 30 active sale listings, 42 active lease listings, 539 tracked off-market properties, the current Lynbrook zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 42 active for-lease listings in Lynbrook, NY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,293 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
