Detached Brick Duplex with
For Sale
$1,299,000
428 Beach 65th Street, Arverne, NY 11692
MULTI_FAMILY - Other - Arverne, NY
Property Size2,420 SF
Lot Size0.09 Acres
Price / SF$536.78
Days on Market95
Property Features for 428 Beach 65th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 4, Bathroom 7, Bedroom 5, Bathroom 3, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
Patio and Porch features
Deck
Interior features
Entrance Foyer
Subdivision
Arverne
Standard status
Active
Size
2,420 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5409
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
wood floors
dishwasher
in-unit washer/dryer
private patio access
separate heat and hot water
Building Details
Year built
2005
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
SAINT WALKER REALTY INC
Listed By:
Rudolph Walker
Added: May 3
Changed: Aug 3
Last Checked: Aug 5 at 3:06PM
MLS# 11738606
Copyright © 2026 My State MLS. 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.
Detached brick two-family duplex delivered vacant, offering flexible layout and multiple living levels. The home features an entrance foyer, hardwood and tile flooring, a deck, and asphalt roofing. Heating is natural gas with baseboard units, and water is provided via public source.
The first-floor rental setup includes three bedrooms and two full baths (with one ensuite), a dishwasher, and private patio access, with separate heat and hot water; the tenant pays utilities. The second-floor owner’s unit also provides three bedrooms and two baths (with one ensuite), along with an open kitchen and dining area, a dishwasher, and an in-unit washer/dryer.
A finished basement adds three rooms with three ensuite bathrooms, with interior movement via interior stairs. Built in 2005, the property is set on a quiet block in the Arverne area of Queens, and is described as being minutes from the beaches of Far Rockaway, with access to transportation and shopping.
The first-floor rental setup includes three bedrooms and two full baths (with one ensuite), a dishwasher, and private patio access, with separate heat and hot water; the tenant pays utilities. The second-floor owner’s unit also provides three bedrooms and two baths (with one ensuite), along with an open kitchen and dining area, a dishwasher, and an in-unit washer/dryer.
A finished basement adds three rooms with three ensuite bathrooms, with interior movement via interior stairs. Built in 2005, the property is set on a quiet block in the Arverne area of Queens, and is described as being minutes from the beaches of Far Rockaway, with access to transportation and shopping.
Key Highlights
- Delivered vacant detached two‑family duplex with brick construction
- Built in 2005 on a 0.0918‑acre lot; 2,420 SF
- Natural gas baseboard heat with separate heat and hot water
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.8k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $107.6k | $44.44 |
| − OpEx | −$48.4k | −$20.00 |
| NOI | $59.2k | $24.44 |
2,420 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$845.1K
$739.4K – $985.9K
NOI $59,155 @ 7.0% cap · market cap 4.55%
Second Best
Multifamily LT 5
$572.2K
$500.7K – $667.6K
NOI $40,055 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,884 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family detached brick home with wood and tile flooring, separate utilities, and a private deck/patio access.
Where is this duplex located?
The property is located at 428 Beach 65th Street Arverne, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Delivered vacant detached two‑family duplex with brick construction; Built in 2005 on a 0.0918‑acre lot; 2,420 SF; Natural gas baseboard heat with separate heat and hot water
