- CENTURY 21 Real Estate
- New York
- Arverne
- 423 Beach 66th Street
423 Beach 66th Street, Arverne, NY 11692
Local realty services provided by:CENTURY 21 ICON
423 Beach 66th Street,Arverne, NY 11692
$899,000
- 9 Beds
- 4 Baths
- 2,826 sq. ft.
- Multi-family
- Active
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 families or 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:1 day(s) ago
- Updated:January 31, 2026 at 01:46 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,826 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1920
- Building area:2,826 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$318.12
- Tax amount:$5,169 (2025)
New listings near 423 Beach 66th Street
- New
$675,000Active5 beds 2 baths72-36 Almeda Avenue, Arverne, NY 11692
MLS# 953863Listed by: B2B REAL ESTATE GROUP INC
$614,999Active3 beds 2 baths1,530 sq. ft.641 Beach 65th Street, Arverne, NY 11692
MLS# 948642Listed by: LIBERTY CHATEAU REALTY INC
$919,000Active6 beds 2 baths2,800 sq. ft.74-13 Hillmeyer Avenue, Arverne, NY 11692
MLS# 949321Listed by: CHARLES RUTENBERG REALTY INC
$998,000Active6 beds 4 baths2,142 sq. ft.72-31 Hillmeyer Avenue, Arverne, NY 11692
MLS# 948810Listed by: E REALTY INTERNATIONAL CORP
$599,000Pending5 beds 4 baths3,681 sq. ft.216 Beach 79th Street, Arverne, NY 11692
MLS# 921042Listed by: SIR WINSTON REALTY INC
$845,000Active6 beds 4 baths1,852 sq. ft.6906 Beach Channel Drive, Arverne, NY 11692
MLS# 497745Listed by: ZANETIS PROPERTIES LLC
$845,000Active3 beds 2 baths1,852 sq. ft.6906 Beach Channel Drive, Rockaway Park, NY 11692
MLS# 941840Listed by: ZANETIS PROPERTIES LLC
$524,900Active6 beds 2 baths2,386 sq. ft.156 Beach 60th Street, Arverne, NY 11692
MLS# 937809Listed by: ISLAND ADVANTAGE REALTY LLC
$550,000Active3 beds 2 baths1,592 sq. ft.457 Beach 66th Street, Queens, NY 11692
MLS# 497527Listed by: TOP NEST INC