Renovated Two-Family
252 Beach Breeze Place, Arverne, NY 11692
For Sale
$989,000
Two separate residences offer options for owner occupancy, extended family, or rental income.
Property Size2,905 SF
Price / SF$340.45
Days on Market67
Property Features for 252 Beach Breeze Place
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Granite Counters
Kitchen Island
Primary Bathroom
Walk-In Closet(s)
Washer/Dryer Hookup
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
ROCKAWAY PROPERTIES
(718) 634-3134
Listed By:
Nicole Switzer
(917) 921-5266
Source:
Clairedleone
Added: Sep 4
Changed: Nov 7
Last Checked: Nov 8 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROCKAWAY PROPERTIES
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Investment Insights
Based on property information with market context.
This 2004-built duplex in Arverne includes two residences and has undergone remodeling. The primary bedroom has a walk-in closet. Recent system and roof work includes a roof replacement in October 2025 with a 20-year warranty, a replacement hot water tank in the tenant unit approximately two years ago, and a new owner-unit hot water tank and furnace last year.
The home is in Arverne By The Sea, near the beach and boardwalk, shopping, restaurants, neighborhood amenities, and public transportation. Transit provides connections across New York City and to Manhattan.
The home is in Arverne By The Sea, near the beach and boardwalk, shopping, restaurants, neighborhood amenities, and public transportation. Transit provides connections across New York City and to Manhattan.
Key Highlights
- Two‑family duplex in Arverne By The Sea
- Roof replaced in October 2025 with a 20‑year warranty
- Owner‑unit hot water tank and furnace replaced last year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,785
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,700
$1.4M
Cap Rate 7%
$1,025,500
$1.0M
Cap Rate 9%
$797,611
$797.6K
Market Conditions
NOI Build-Up for 2,905 SF
Gross rent
$111.6K $38.40/SF
− Vacancy
−$9.0K −$3.10/SF
EGI
$102.5K $35.30/SF
− OpEx
−$30.8K −$10.59/SF
NOI
$71.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,700
Cap Rate 7%
$1,025,500
Cap Rate 9%
$797,611
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.3K – $1.20M
NOI $71,785 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$1.01M
$887.6K – $1.18M
NOI $71,011 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,912 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
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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
$650,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Arverne, NY
Properties on Market for Duplexes in Arverne
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer options for owner occupancy, extended family, or rental income.
Where is this duplex located?
The property is located at 252 Beach Breeze Place Arverne, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑family duplex in Arverne By The Sea; Roof replaced in October 2025 with a 20‑year warranty; Owner‑unit hot water tank and furnace replaced last year
