Two-Unit Duplex with Rear
407 Bch 66th St, Arverne, NY 11692
For Sale
$799,000
Pending
Two separately metered residences offer flexible owner-occupant or rental use near transit, shopping, waterfront amenities, and the boardwalk.
Property Size1,988 SF
Days on Market98
Property Features for 407 Bch 66th St
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Monika M. Krynska SFR
(516) 575-7500
Source:
Searchhomesinlongisland
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 8 at 7:15AM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2006, this 1,988-square-foot duplex contains two residential units, each with three bedrooms and two bathrooms. Separate utility metering supports distinct unit operations, while a shared community driveway provides access to the rear of the property.
The home is located at 407 Bch 66th St in Arverne, NY 11692, with shopping, A train service, NYC Ferry service, the beach, and the boardwalk nearby. The two-unit configuration accommodates a range of residential income or owner-occupancy arrangements, subject to applicable requirements.
The home is located at 407 Bch 66th St in Arverne, NY 11692, with shopping, A train service, NYC Ferry service, the beach, and the boardwalk nearby. The two-unit configuration accommodates a range of residential income or owner-occupancy arrangements, subject to applicable requirements.
Key Highlights
- Two residential units, each with 3 bedrooms and 2 bathrooms
- 1,988 square feet; built in 2006
- Utilities are separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,125
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,500
$982.5K
Cap Rate 7%
$701,786
$701.8K
Cap Rate 9%
$545,833
$545.8K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$76.3K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$70.2K $35.30/SF
− OpEx
−$21.1K −$10.59/SF
NOI
$49.1K $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%
$982,500
Cap Rate 7%
$701,786
Cap Rate 9%
$545,833
Alternative Uses
Best Use
Multifamily LT 5
$701.8K
$614.1K – $818.8K
NOI $49,125 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$694.2K
$607.5K – $809.9K
NOI $48,596 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,590 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
716
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
$650,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 separately metered residences offer flexible owner-occupant or rental use near transit, shopping, waterfront amenities, and the boardwalk.
Where is this duplex located?
The property is located at 407 Bch 66th St Arverne, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 2 bathrooms; 1,988 square feet; built in 2006; Utilities are separately metered for each unit
