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423 Beach 66th Street

Arverne, NY 11692
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Bed 9

Bed

Bath 4

Bath

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 spa ce 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 74788692

MLS Id : 947481

Beds : 9

Year Built : 1920

Garage : 1

County : Queens

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Basement: Full, Unfinished
  • Interior Features

    Master Downstairs
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1920 Building Area Total: 2826 Construction Materials: Aluminum Siding Private Pool: No

  • Listing Price Information

    Listing Price: $899000

  • Tax Information

    Parcel Number: 160400060 Tax Lot: 60 Tax Block: 16040 Annual Tax: $5169.3

  • Parking Information

    Detached, Driveway, Garage

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Utility Information

    Natural Gas Available, Electricity Available, Natural Gas Connected
  • Location Information

    WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/16/2026 @ 08:02

MLS: 947481 LISTED BY: Marjorie Tornatore, Compass Greater NY LLC 516-517-4751 SOURCE: OneKey MLS

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