Triplex with Newly Renovated
For Sale
$900,000
341 Beach 67th Street, Queens, NY 11692
MULTI_FAMILY - Queens, NY
Property Size2,206 SF
Lot Size0.09 Acres
Price / SF$407.98
Days on Market96
Property Features for 341 Beach 67th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
On Street
Basement
Full
Subdivision
Off Island
Standard status
Active
APN
15915-0059
Size
2,206 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3842
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Building materials
Stucco
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Hitendra Chowdhury
(917) 214-2702
Added: May 12
Changed: Aug 2
Last Checked: Aug 15 at 2:06AM
MLS# 2602650
Copyright © 2026 Staten Island Board of Realtors. 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.
Located in Queens, NY 11692 at 341 Beach 67th Street, this R5 zoned triplex sits on a 0.0918-acre lot with 2,206 square feet of space. Constructed in 1920 with stucco, the home is heated with forced air and natural gas, and served by a public sewer.
The first floor offers a spacious arrangement with four bedrooms, including one full bathroom and a half bathroom. The second floor is configured as two units, with each unit featuring one bedroom, a full bathroom, a living room, and a kitchen.
An unfinished basement with an entrance can be used as additional living space, such as a family room or recreational area. A separate entrance adds flexibility for privacy and independence.
The kitchen has been newly renovated and includes stainless appliances, supporting a move-in-ready interior for a range of household or tenant needs.
The first floor offers a spacious arrangement with four bedrooms, including one full bathroom and a half bathroom. The second floor is configured as two units, with each unit featuring one bedroom, a full bathroom, a living room, and a kitchen.
An unfinished basement with an entrance can be used as additional living space, such as a family room or recreational area. A separate entrance adds flexibility for privacy and independence.
The kitchen has been newly renovated and includes stainless appliances, supporting a move-in-ready interior for a range of household or tenant needs.
Key Highlights
- R5 zoned triplex on a 0.0918‑acre lot
- 2,206 square feet total with stucco construction
- Year built 1920 with forced air heating and natural gas
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
$53,924
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
5.99%
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%
$1,078,480
$1.1M
Cap Rate 7%
$770,343
$770.3K
Cap Rate 9%
$599,156
$599.2K
Market Conditions
NOI Build-Up for 2,206 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
$101.9K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.0K $44.44/SF
− OpEx
−$44.1K −$20.00/SF
NOI
$53.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,078,480
Cap Rate 7%
$770,343
Cap Rate 9%
$599,156
Alternative Uses
Best Use
Apartment 5plus
$770.3K
$674.1K – $898.7K
NOI $53,924 @ 7.0% cap · market cap 5.99%
Second Best
Multifamily LT 5
$521.6K
$456.4K – $608.6K
NOI $36,513 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,840 @ 7.0% cap · market cap 12.65%
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
688
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 triplex with stainless appliances and on-street parking, featuring multiple bedrooms and an unfinished basement.
Where is this triplex located?
The property is located at 341 Beach 67th Street Queens, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: R5 zoned triplex on a 0.0918‑acre lot; 2,206 square feet total with stucco construction; Year built 1920 with forced air heating and natural gas
