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    Arverne Two-Family Home with Expansion Potential Title is generated by Realmo AI

    552 Beach 68th Street, Arverne, NY 11692

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    For Sale
    $899,999

    MULTI_FAMILY - Arverne, NY

    Property size:
    2,289 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $393/SF
    Added:
    Oct 6, 2025
    Days on Market:
    269
    Last Refresh:
    Jul 1 at 3:06 pm

    Property Features for 552 Beach 68th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 4, Basement, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
    Parking features
    On Street, Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen
    Basement
    Finished
    Standard status
    Active
    APN
    16034-0025
    Size
    2,289 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4876

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1930
    Number of units
    2
    Flooring type
    Tile, Wood
    Building materials
    Frame, Vinyl Siding

    We can help!

    Contact an agent
    James Donald

    Listing agent James Donald

    Listing office EXP Realty 70 E Sunrise Hwy Ste 500, Hauppauge, NY

    Listing date Oct 6, 2025

    MLS# 921345 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Legal 2‑family residence with separate entrances and 4 total entrances
    • 2,289 SF home on a 4,000 SF lot with driveway and backyard space
    • 2‑bedroom ground‑floor unit with finished basement; 2‑bedroom unit includes a finished attic
    • Parking includes a large 2‑car garage plus driveway and on‑street parking
    • Public utilities: public water and public sewer
    • Year built 1930; radiant heat with window/wall A/C units

    Overview

    This legal two-family residence in Arverne, New York City, presents a prime investment opportunity with potential for expansion. The property could be converted into a four-family income-producing property or utilized as a large single-family home. It features a two-bedroom unit with a finished attic that offers the potential to be set up as an additional unit. There is also a two-bedroom unit on the ground floor with a finished basement, which could also be converted into another unit. A large two-car garage presents further living space possibilities via the NYC ADU program. Both units have separate entrances, with a total of four entrances to the property. The house, with 2,289 square feet of living space, is situated on a 4,000 square foot lot that includes a driveway and ample backyard space. The property is located minutes from JFK airport and within walking distance of public transportation, a senior citizen assisted living facility, and the YMCA. This property is suitable for large families, investors seeking income, or owner-occupants looking to offset their mortgage.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $105.8k $46.20
    − Vacancy −$4.0k −$1.76
    EGI $101.7k $44.44
    − OpEx −$45.8k −$20.00
    NOI $56.0k $24.44
    2,289 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $799.3K
    $699.4K – $932.6K (±1% cap)
    NOI $55,953 @ 7.0% cap · market cap 6.22%
    Second Best
    Multifamily LT 5
    $541.2K
    $473.6K – $631.5K (±1% cap)
    NOI $37,887 @ 7.0% cap · market cap 4.21%
    Theoretical Best
    Office A
    $1.69M
    $1.48M – $1.97M (±1% cap)
    NOI $118,123 @ 7.0% cap · market cap 13.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arverne
    County
    Queens
    State
    New York
    Longitude
    -73.797203
    Latitude
    40.596329

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    FAQs

    What type of property is this?
    Duplex - Legal two-family home with expansion potential in Arverne, New York.
    Where is this duplex located?
    The property is located at 552 Beach 68th Street Arverne, NY.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Legal 2‑family residence with separate entrances and 4 total entrances; 2,289 SF home on a 4,000 SF lot with driveway and backyard space; 2‑bedroom ground‑floor unit with finished basement; 2‑bedroom unit includes a finished attic
    (347) 495-7396
    We can help!
    Contact an agent
    James Donald
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