423 Beach 66th Street, Arverne, NY 11692
Local realty services provided by:CENTURY 21 Elite Realty
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:181 day(s) ago
- Updated:July 30, 2026 at 06:28 PM
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
New listings near 423 Beach 66th Street
- New
$775,000Active5 beds 3 baths2,068 sq. ft.6-24 Beach 64th Street, Arverne, NY 11692
MLS# 1032121Listed by: ERA/TOP SERVICE REALTY INC - New
$1,145,000Active5 beds 4 baths2,908 sq. ft.6428 Ocean Avenue S, Arverne, NY 11692
MLS# 1030678Listed by: ROCKAWAY PROPERTIES - Open Sat, 1 to 3pmNew
$1,100,000Active5 beds 4 baths2,926 sq. ft.165 Commodore Circle W, Arverne, NY 11692
MLS# 1030502Listed by: FIRST HOME EQUITY REALTY - New
$1,049,000Active5 beds 4 baths3,681 sq. ft.244 Beach 79th Street, Rockaway Beach, NY 11693
MLS# 1029533Listed by: EXP REALTY - Open Sun, 3 to 4:30pm
$849,000Active5 beds 3 baths1,932 sq. ft.423 Beach 63rd Street, Arverne, NY 11692
MLS# 1027246Listed by: KEYSTONE REALTY USA CORP
$599,000Active4 beds 2 baths1,100 sq. ft.6940 Gouverneur Avenue, Arverne, NY 11692
MLS# 1025377Listed by: ROCKAWAY PROPERTIES
$355,000Pending2 beds 1 baths800 sq. ft.535 Beach 67th Street, Arverne, NY 11692
MLS# 1021292Listed by: REONY.COM, INC.
$750,000Active4 beds 3 baths614 Beach 69th Street, Arverne, NY 11692
MLS# 1020729Listed by: RE/MAX ELITE
$650,000Active3 beds 2 baths1,197 sq. ft.69-39 Elizabeth Avenue, Far Rockaway, NY 11692
MLS# 1019279Listed by: WINZONE REALTY INC
$1,350,000Active5 beds 4 baths2,970 sq. ft.138 Beach 74th Street, Arverne, NY 11692
MLS# 1019497Listed by: CHARLES RUTENBERG REALTY INC