$899,000

423 Beach 66th Street, Arverne, NY 11692

  • 9 beds |
  • 4 baths |
  • 2,826 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $318/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

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!

Listing Status:
Active
Data Last Updated:
February 8, 2026 at 7:20AM
Listing Office:
Compass Greater NY LLC : 917-407-3012
MLS ID:
947481
  • General: First Floor BedroomFirst Floor Full BathPrimary BathroomMaster Downstairs
  • Basement: FullUnfinished
  • A/C: Wall/Window Unit(s)
  • Heating: Baseboard
  • Parking: DetachedDrivewayGarage
  • Originating MLS: onekey2
  • School District: Queens 27
  • County: Queens
  • Zoning: 160400060
  • Utilities: Electricity AvailableNatural Gas AvailableNatural Gas Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: onekey2

Presented by Veterans United Realty

This listing courtesy of Compass Greater NY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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