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Arverne Multi-Family Income Property

423 Beach 66th Street, Arverne, NY 11692

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Pending

$899,000

MULTI_FAMILY - Arverne, NY

HighLights

3‑family property with three separate units and total reported rental income of $6,100/month
Unit mix: first‑floor 4BR/2BA ($2,900/month), second‑floor 3BR/1BA ($2,000/month), third‑floor 2BR/1BA ($1,200/month)
Multi‑level layout includes a basement for extra storage space
Parking includes a garage and driveway
Utilities: natural gas available; water supplied by public; sewer via public sewer
Built in 1920 with aluminum siding; heating is baseboard and cooling is window/wall window unit(s)

We can help!

Contact an agent

Marjorie Tornatore

Pending

$899,000

MULTI_FAMILY - Arverne, NY

Added:: Jan 30, 2026
Days on Market:: 152
Last Refresh:: Jul 1 at 5:06 pm

Property Features for 423 Beach 66th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 9
Bathrooms: 4
Rooms: Bathroom 1, Bathroom 4, Bedroom 4, Basement, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 9, Bedroom 5, Bedroom 7, Bedroom 3
Parking features: Garage, Driveway
Interior features: First Floor Bedroom, First Floor Full Bath, Primary Bathroom, Master Downstairs
Basement: Unfinished, Full
Standard status: Pending
APN: 160400060

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 5169

Utilities

Utilities: Natural Gas Available
Sewer type: Public Sewer
Heating system: Baseboard
Cooling system: Window Unit(s), Wall/Window Unit(s)
Water source: Public

Building Details

Year built: 1920
Number of units: 3
Building materials: Aluminum Siding

We can help!

Contact an agent

Marjorie Tornatore

Listing agent Marjorie Tornatore License #10401265902

Listing office Compass Greater NY LLC 1468 Northern Blvd, New York, NY

Listing date Jan 30, 2026

MLS# 947481 Listing URL

HighLights

3‑family property with three separate units and total reported rental income of $6,100/month
Unit mix: first‑floor 4BR/2BA ($2,900/month), second‑floor 3BR/1BA ($2,000/month), third‑floor 2BR/1BA ($1,200/month)
Multi‑level layout includes a basement for extra storage space
Parking includes a garage and driveway
Utilities: natural gas available; water supplied by public; sewer via public sewer
Built in 1920 with aluminum siding; heating is baseboard and cooling is window/wall window unit(s)

Overview

This multi-family property in Arverne, New York, presents a rental income opportunity. The property features three distinct units. The first-floor unit includes 4 bedrooms and 2 bathrooms, generating a rental income of $2,900 per month. It features a spacious layout with a kitchen. The second-floor unit offers 3 bedrooms and 1 bathroom, with a rental income of $2,000 per month. The third-floor unit has 2 bedrooms and 1 bathroom, providing a rental income of $1,200 per month. Additional features include a basement for extra storage, a garage for parking and storage, and a backyard. The total rental income is $6,100 per month, with a cap rate of 8.14%. The property is located minutes from beaches, parks, and local amenities. The units are in good condition, with potential for updates to increase rental value. The property is sold as is.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Arverne
County: Queens
State: New York
Longitude: -73.795541
Latitude: 40.593656

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For sale
Multifamily properties
NY
Arverne
11692
423 Beach 66th Street

What type of property is this?

Multifamily property - Three-unit property near the beach with strong rental income.

Where is this multifamily property located?

The property is located at 423 Beach 66th Street Arverne, NY.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: 3‑family property with three separate units and total reported rental income of $6,100/month; Unit mix: first‑floor 4BR/2BA ($2,900/month), second‑floor 3BR/1BA ($2,000/month), third‑floor 2BR/1BA ($1,200/month); Multi‑level layout includes a basement for extra storage space

423 Beach 66th Street, Arverne, NY 11692

MULTI_FAMILY - Arverne, NY

Property Features for 423 Beach 66th Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Unit Duplex with Attached Garage

Arverne By The Sea Duplex

Arverne Three-Family Detached Home

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Two-Family Home with Rooftop Deck

Gut-Renovated Legal 2-Family Duplex

End-Unit Two-Family Townhouse

Arverne Duplex with Income Potential

Detached Two-Family Home

Two-Family Home with Backyard Access

Arverne Two-Family Brick House

Arverne Two-Family Home with Expansion Potential

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