423 Beach 66th Street, Arverne, NY 11692
Local realty services provided by:Better Homes and Gardens Real Estate Green Team
423 Beach 66th Street,Arverne, NY 11692
$899,000
- 9 Beds
- 4 Baths
- 2,826 sq. ft.
- Multi-family
- Pending
Listed by: marjorie tornatore
Office: compass greater ny llc.
MLS#:947481
Source:OneKey MLS
Price summary
- Price:$899,000
- Price per sq. ft.:$318.12
About this home
Prime Rental Income Opportunity - 3 Family Property Near the Beach in Arverne, NY. Discover a fantastic investment opportunity in the heart of Arverne! This well-maintained multi family home features three distinct units, offering the perfect blend of rental income and living space. Ideal for both investors and those looking to reside in one unit while renting out the others. Sold as is.
Property Features:
First Floor Unit:
- 4 Bedrooms
- 2 Bathrooms
- Rental Income: $2,900/month
- Spacious layout with a decent kitchen, perfect for groups.
Second Floor Unit:
- 3 Bedrooms
- 1 Bathroom
- Rental Income: $2,000/month
- Great space for tenants looking for comfort and convenience.
Third Floor Unit:
- 2 Bedrooms
- 1 Bathroom
- Rental Income: $1,200/month
- A unique space with potential for additional income.
Additional Features:
-Basement: Provides extra storage space for tenants or homeowners.
-Garage: Convenient parking option and additional storage.
-Backyard: A private outdoor space for relaxation or gatherings.
Investment Highlights:
Total Rental Income: $6,100/month, providing excellent cash flow.
Cap Rate: 8.14% indicating strong investment potential.
Location:Just minutes from beautiful beaches, parks, and local amenities, making it attractive for renters and residents alike.
Additional Information:
Opportunity for Updates: While the units are in good condition, there is potential for minor updates to increase rental value.
Why This Property?
Whether you are an investor looking to expand your portfolio or a homeowner seeking rental income, this property offers endless possibilities. Don’t miss out on this chance to own a piece of Arverne!...
Contact an agent
Home facts
- Year built:1920
- Listing ID #:947481
- Added:104 day(s) ago
- Updated:May 15, 2026 at 07:39 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:4
- Bedroom Description:First Floor Bedroom, Master Downstairs
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:2,826 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1920
- Building area:2,826 sq. ft.
- Construction Materials:Aluminum Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$318.12
- Tax amount:$5,169 (2025)
Parking
- Parking description:Detached, Driveway, Garage
- Garage:Yes
- Garage spaces:1
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