2-Unit Brick
428 Beach 65th Street, Arverne, NY 11692
For Sale
$1,299,000
Residential Income, Arverne, NY
Property Size2,420 SF
Lot Size0.09 Acres
Price / SF$536.78
Days on Market191
Property Features for 428 Beach 65th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
private patio access
in-unit washer/dryer
dishwasher
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
SAINT WALKER REALTY INC
Listed By:
Rudolph Walker
Added: May 3
Changed: Nov 8
Last Checked: Nov 9 at 5:06AM
MLS# 11738606
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached brick duplex, built in 2005, contains 2,420 square feet and is offered vacant. The first-floor residence has three bedrooms, two full bathrooms, a dishwasher, and access to a private patio; it also has separate heat and hot water. The second-floor residence includes three bedrooms, two bathrooms, an open kitchen and dining area, a dishwasher, and an in-unit washer and dryer. A finished basement provides three rooms, each with an ensuite bathroom. Hardwood and tile flooring are among the interior finishes, and the property includes a deck.
The home is in Arverne, with Far Rockaway beaches, transportation, and shopping described as nearby. The lot measures 0.0918 acres.
The home is in Arverne, with Far Rockaway beaches, transportation, and shopping described as nearby. The lot measures 0.0918 acres.
Key Highlights
- Detached brick duplex with 2,420 square feet; built in 2005
- Two residences, each with 3 bedrooms and 2 bathrooms
- Finished basement contains 3 rooms with ensuite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,800
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,000
$1.2M
Cap Rate 7%
$854,286
$854.3K
Cap Rate 9%
$664,444
$664.4K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$92.9K $38.40/SF
− Vacancy
−$7.5K −$3.10/SF
EGI
$85.4K $35.30/SF
− OpEx
−$25.6K −$10.59/SF
NOI
$59.8K $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%
$1,196,000
Cap Rate 7%
$854,286
Cap Rate 9%
$664,444
Alternative Uses
Best Use
Multifamily LT 5
$854.3K
$747.5K – $996.7K
NOI $59,800 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$845.1K
$739.4K – $985.9K
NOI $59,155 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,884 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
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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
$650,000
Median Home Value
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Market
Average Price Trend$/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 - Both residences offer three bedrooms, while the finished basement adds three rooms with ensuite bathrooms.
Where is this duplex located?
The property is located at 428 Beach 65th Street Arverne, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Detached brick duplex with 2,420 square feet; built in 2005; Two residences, each with 3 bedrooms and 2 bathrooms; Finished basement contains 3 rooms with ensuite bathrooms
