Detached 3-Unit Triplex with Private
For Sale
$950,000
320 Beach 67th Street, Arverne, NY 11692
MULTI_FAMILY - Arverne, NY
Property Size3,726 SF
Lot Size0.06 Acres
Price / SF$254.97
Days on Market125
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 6, Bathroom 6, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 8, Bedroom 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
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.
(718) 724-2606
Listed By:
Chris Honore
(718) 724-2606
Added: Mar 31
Changed: Jul 30
Last Checked: Aug 2 at 10:06AM
MLS# 500133
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Investment Insights
Based on property information with market context.
Detached 3-unit triplex on a private driveway in Arverne. The wood-frame structure features a vinyl siding exterior and a shingle roof, with ceramic and hardwood flooring throughout. The home was built in 1901 and is configured with three units total, with no basement. Unit 1 is a 2-bedroom, 1-bath apartment. Units 2 and 3 are both 3-bedroom, 2-bath apartments, each noted as renovated.
The property includes a private driveway with 4-car parking and backyard space, supporting resident parking and outdoor area. Interior features include a refrigerator and stove.
Zoned R5, the offering is described as having very low property taxes and rental income potential, with a location positioned near public transportation, shopping, schools, and local amenities.
The property includes a private driveway with 4-car parking and backyard space, supporting resident parking and outdoor area. Interior features include a refrigerator and stove.
Zoned R5, the offering is described as having very low property taxes and rental income potential, with a location positioned near public transportation, shopping, schools, and local amenities.
Key Highlights
- R5 zoned detached 3‑unit triplex with 3 total apartments
- Private driveway with 4‑car parking plus backyard space
- Unit 1: 2‑bedroom, 1‑bath apartment
Financial Insights For Multifamily LT 5
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 | $93.9k | $25.20 |
| − Vacancy | −$5.8k | −$1.55 |
| EGI | $88.1k | $23.65 |
| − OpEx | −$26.4k | −$7.09 |
| NOI | $61.7k | $16.55 |
3,726 SF · lease $25.20/SF/yr · vacancy 6.17% · expense 30.00%
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
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?
Triplex - R5 zoned detached 3-unit triplex with two recently renovated apartments and a first-floor 2-bedroom unit.
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: R5 zoned detached 3‑unit triplex with 3 total apartments; Private driveway with 4‑car parking plus backyard space; Unit 1: 2‑bedroom, 1‑bath apartment
