Detached Triplex with Private
For Sale
$950,000
320 Beach 67th Street, Arverne, NY 11692
Residential, High Ranch, Arverne, NY
Property Size3,726 SF
Lot Size0.06 Acres
Price / SF$254.97
Days on Market171
Property Features for 320 Beach 67th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
6
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 8, Bathroom 2, Bathroom 6, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 5, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3
Interior features
Refrigerator, Stove
Subdivision
Arverne
Standard status
Active
Size
3,726 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2696
Amenities
backyard space
Building Details
Year built
1901
Floors in Building
2
Flooring type
Ceramic, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Champion Nation Realty Corp.
Listed By:
Chris Honore
(718) 724-2606
Added: Mar 31
Changed: Sep 15
Last Checked: Sep 17 at 2:06PM
MLS# 500133
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached triplex contains 3,726 square feet across three apartments. The unit configuration includes one two-bedroom, one-bath apartment and two three-bedroom, two-bath apartments with renovated interiors. Built in 1901, the wood-frame residence has a ranch-style design, vinyl siding, a shingle roof, ceramic and hardwood flooring, and no basement. Refrigerators and stoves are included.
The 0.0631-acre property at 320 Beach 67th Street includes a private driveway with four-car parking and backyard space. It is located near public transportation, shopping, schools, and local amenities in Arverne, Queens. R5 zoning and the three-unit layout support the property’s multifamily use.
The 0.0631-acre property at 320 Beach 67th Street includes a private driveway with four-car parking and backyard space. It is located near public transportation, shopping, schools, and local amenities in Arverne, Queens. R5 zoning and the three-unit layout support the property’s multifamily use.
Key Highlights
- Three‑unit detached multifamily property with one 2‑bedroom apartment and two 3‑bedroom apartments
- Two 3‑bedroom, 2‑bath apartments have renovated interiors
- 3,726 square feet on a 0.0631‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,233,420
$1.2M
Cap Rate 7%
$881,014
$881.0K
Cap Rate 9%
$685,233
$685.2K
Market Conditions
NOI Build-Up for 3,726 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$93.9K $25.20/SF
− Vacancy
−$5.8K −$1.55/SF
EGI
$88.1K $23.65/SF
− OpEx
−$26.4K −$7.09/SF
NOI
$61.7K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,233,420
Cap Rate 7%
$881,014
Cap Rate 9%
$685,233
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,080 @ 7.0% cap · market cap 9.59%
Second Best
Multifamily LT 5
$881.0K
$770.9K – $1.03M
NOI $61,671 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.75M
$2.40M – $3.20M
NOI $192,279 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 11692, NY
22,776
Population
8,475
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
22,776
Density / Sq Mi
$49,507
Median Household Income
$39,737
Median Earnings
$1,274
Median Rent
$650,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned detached residence with three apartments, renovated interiors, and on-site parking.
Where is this triplex located?
The property is located at 320 Beach 67th Street Arverne, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three‑unit detached multifamily property with one 2‑bedroom apartment and two 3‑bedroom apartments; Two 3‑bedroom, 2‑bath apartments have renovated interiors; 3,726 square feet on a 0.0631‑acre parcel
