Gavin Pike
Gavin Pike
Call: (516) 883-7780
MLS#947481
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 27
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: Wall/Window Unit(s)
Garage: 1
Heating: Baseboard
Taxes: $5,169
Year Built: 1920
Amenities
First Floor Bedroom
First Floor Full Bath
Primary Bathroom
Master Downstairs
Feature Descriptions
Building Area Total: 2826
Days on Site: 34
Exterior: Aluminum Siding
GarageY/N: Yes
On Market Date: 2026-01-30
Parcel Number: 160400060
Parking Features: Detached, Driveway, Garage
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Electricity Available, Natural Gas Available, Natural Gas Connected
Water: Public
Local Schools
School District: Queens 27
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Estimated Payment
$ 2,693.74 per month $2,000.78 Principal & Interest $430.75 Property Tax $262.21 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Compass Greater NY LLC
Agency Contact: 917-407-3012
Shown By
Agent Name: Gavin Pike
Agent Phone: (516) 883-7780
Agency Title: Laffey Real Estate
423 Beach 66th Street | MLS# 947481
This multi-family property located at 423 Beach 66th Street, Arverne, NY 11692 is currently listed for sale with an asking price of $899,000. Beach 66th Street is located within the Queens 27 school district. Search Arverne real estate on gavinpike.laffey.com today.