Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    136 Meridian Boulevard Arverne, NY 11692

    View on Map
    Claim this Listing
    New
    For Sale
    $1,055,000

    MULTI_FAMILY - Arverne, NY

    Lot size:
    0.05 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    7
    Last Refresh:
    May 3 at 6:06 pm

    Property Features for 136 Meridian Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 4
    Parking
    5
    Parking features
    Garage, Driveway
    Interior features
    Central Vacuum, Pantry, Storage
    Exterior features
    Private Roof
    Standard status
    Active
    APN
    16092-0019
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5400

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Beach Access
    Water front
    1

    Building Details

    Year built
    2007
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Vinyl Siding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ashley Guerrero
    Ashley Guerrero

    Listing agent Ashley Guerrero License #10401228475

    Listing office Douglas Elliman Real Estate 164 E Main St, Huntington Station, NY

    Listing date Apr 27, 2026

    MLS# 989615 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arverne Duplex with Income Potential

    Located at 136 Meridian Boulevard in Arverne, NY, this well-maintained duplex is situated in the Arverne by the Sea community. The property offers beachside living with modern conveniences and income potential. It is located steps from swimming and surfing beaches, local shops, restaurants, and minutes from the ferry, providing access to the city. The property includes rear access garage parking and four parking passes for street parking within the private community. The main residence features a three-bedroom layout with central air, first floor laundry space, and a central vacuum system throughout the three-level home. It also includes access to a private backyard and a rooftop deck offering beach views. The separate one-bedroom apartment features oversized windows with ocean views from every room and its own laundry, making it suitable for rental income. The lot size is 0.0507 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arverne
    County
    Queens
    State
    New York
    Longitude
    -73.799375
    Latitude
    40.588102

    Nearby Similar for Sale

    • $825,000

      Arverne Two-Family Home For Sale

      Detached, well-maintained two-family home near the beach.
      465 Beach 67th Street, Arverne, NY 11692
      View Details
    • $799,000
      2,001 SF

      Renovated Two-Family Home, Arverne

      Move-in ready two-family home with income potential in Rockaway Beach.
      7221 Hillmeyer Avenue, Arverne, NY 11692
      View Details
    • $989,000

      Ocean View Two-Dwelling Home

      Two-dwelling home with ocean views, near Rockaway Beach.
      605 Barbadoes Drive, Arverne, NY 11692
      View Details
    • $1,220,000
      2,908 SF

      Arverne By The Sea Duplex

      Legal 2-family home in premier planned beachside community.
      64-28 Ocean Avenue S, Arverne By The Sea, NY 11692
      View Details
    • $899,000

      Arverne Multi-Family Income Property

      Three-unit property near the beach with strong rental income.
      423 Beach 66th Street, Arverne, NY 11692
      View Details
    • $899,000

      Newer Construction Two-Family Home

      Two-family home in growing Queens neighborhood, built in 2022.
      72-31 Hillmeyer Avenue, Arverne, NY 11692
      View Details
    • $919,000

      Arverne Two-Family Home with Views

      Recently built two-family home with income potential and water views.
      74-13 Hillmeyer Avenue, Arverne, NY 11692
      View Details
    • $899,999

      Arverne Two-Family Home with Expansion Potential

      Legal two-family home with expansion potential in Arverne, New York.
      552 Beach 68th Street, Arverne, NY 11692
      View Details
    • $1,178,000

      Ocean View Two-Family Home

      Two-family home with ocean views in a vibrant beach community.
      6910 Beach Front Road, Arverne, NY 11692
      View Details
    • $890,000
      2,300 SF

      Renovated Multifamily Near A Train

      Renovated Arverne multifamily property near transportation and beach.
      6923 Hessler Avenue, Arverne, NY 11692
      View Details
    • $1,100,000
      3,726 SF

      Arverne Three-Family Detached Home

      Well-maintained, income-producing property with renovated apartments and private driveway.
      320 Beach 67th Street, Arverne, NY 11692
      View Details
    • $1,070,000

      Arverne Multifamily Property For Sale

      Multifamily property available for sale in Arverne, New York.
      161 Sea Grass Lane, Arverne, NY 11692
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Arverne by the Sea community.
    Where is this duplex located?
    The property is located at 136 Meridian Boulevard Arverne, NY.
    What is the asking price?
    The asking price for this property is $1,055,000.
    What are key features of this property?
    This property features: Steps from swimming and surfing beaches in Arverne by the Sea.; Separate one‑bedroom apartment with **ocean views and private laundry, ideal for rental income.**; **Rooftop deck with stunning beach views and a private backyard.**
    (347) 840-2101
    We can help!
    Listing Contact
    Ashley Guerrero
    Ashley Guerrero
    Real Estate License ID: 10401228475
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    136 Meridian Boulevard, Arverne, NY 11692

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!