Duplex with Rental
New
For Sale
$849,000
Pending
423 Beach 63rd Street, Arverne, NY 11692
Two residences provide a three-bedroom owner’s duplex and a separate, renovated rental with two bedrooms and two full baths.
Property Size1,932 SF
Days on Market6
Property Features for 423 Beach 63rd Street
General Information
Standard status
Pending
Size
1,932 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,895
Amenities
First Floor Bedroom
First Floor Full Bath
Granite Counters
Primary Bathroom
Recessed Lighting
Washer/Dryer Hookup
Building Details
Building Size
1,932 SF
Year Built
1940
Units
2
Listing Agency:
Keystone Realty USA Corp
Listed By:
Gabriel Kashi · License #10401217533
(347) 419-5268
Source:
Georgemcknight
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 27 at 4:29AM
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 Keystone Realty USA Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex at 423 Beach 63rd Street has an owner’s residence arranged as a three-bedroom, one-bath duplex, plus a lower-level, above-ground rental with two bedrooms and two full baths. The rental includes a walk-in entrance. Both units have been renovated, with wood flooring, recessed lighting, and updates to the electrical, heating, and plumbing systems. The owner’s unit includes a formal living area, dining space, kitchen, and a laundry and storage room downstairs.
Built in 1940, the property is near major transportation and close to schools, shopping centers, restaurants, cafes, and parks. Beach Channel Drive, Thursby Avenue, and Rockaway Beach Boulevard are nearby.
Built in 1940, the property is near major transportation and close to schools, shopping centers, restaurants, cafes, and parks. Beach Channel Drive, Thursby Avenue, and Rockaway Beach Boulevard are nearby.
Key Highlights
- Two‑family duplex at 423 Beach 63rd Street, Arverne, NY 11692
- Owner’s duplex: 3 bedrooms and 1 bath
- Lower, above‑ground rental: 2 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,227
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,540
$944.5K
Cap Rate 7%
$674,671
$674.7K
Cap Rate 9%
$524,744
$524.7K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$89.3K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$85.9K $44.44/SF
− OpEx
−$38.6K −$20.00/SF
NOI
$47.2K $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 Rate 5%
$944,540
Cap Rate 7%
$674,671
Cap Rate 9%
$524,744
Alternative Uses
Best Use
Apartment 5plus
$674.7K
$590.3K – $787.1K
NOI $47,227 @ 7.0% cap · market cap 5.56%
Second Best
Multifamily LT 5
$456.8K
$399.7K – $533.0K
NOI $31,978 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,700 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
740
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide a three-bedroom owner’s duplex and a separate, renovated rental with two bedrooms and two full baths.
Where is this duplex located?
The property is located at 423 Beach 63rd Street Arverne, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family duplex at 423 Beach 63rd Street, Arverne, NY 11692; Owner’s duplex: 3 bedrooms and 1 bath; Lower, above‑ground rental: 2 bedrooms and 2 full baths
