Two-Story Duplex with
New
For Sale
$699,000
558 Beach 67th Street, Arverne, NY 11692
MULTI_FAMILY - Arverne, NY
Property Size1,890 SF
Lot Size0.07 Acres
Price / SF$369.84
Days on Market5
Property Features for 558 Beach 67th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Finished
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
16033-0029
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3982
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2003
Number of units
2
Building materials
Stucco
Listing Agency:
YourHomeSold Guaranteed Realty · ERA Real Estate
(718) 324-6060
Listed By:
Abel Brea
(347) 203-1731
Added: Aug 1
Changed: Aug 5
Last Checked: Aug 5 at 2:06PM
MLS# 1033645
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.
Investment Insights
Based on property information with market context.
This two-story, two-family duplex in Arverne includes approximately 1,890 square feet with six bedrooms and five full bathrooms. The layout includes a first-floor bedroom and full bath, along with a basement, stucco exterior, baseboard heat, and window or wall units for cooling. The property was built in 2003 and requires renovation, though the work is not described as a full-gut project.
The 3,000-square-foot lot provides driveway parking for at least two vehicles. Public water and public sewer serve the property, with cable available. The home is near the ocean, shopping, schools, public transportation, and JFK Airport. The address is 558 Beach 67th Street, Arverne, NY 11692.
The 3,000-square-foot lot provides driveway parking for at least two vehicles. Public water and public sewer serve the property, with cable available. The home is near the ocean, shopping, schools, public transportation, and JFK Airport. The address is 558 Beach 67th Street, Arverne, NY 11692.
Key Highlights
- Two‑family duplex with approximately 1,890 sq. ft.
- Six bedrooms and five full bathrooms
- Built in 2003 on a 3,000 sq. ft. lot
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 | $87.3k | $46.20 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $84.0k | $44.44 |
| − OpEx | −$37.8k | −$20.00 |
| NOI | $46.2k | $24.44 |
1,890 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,200 @ 7.0% cap · market cap 6.61%
Second Best
Multifamily LT 5
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,533 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
666
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2003, the property includes first-floor bedroom and full-bath accommodations.
Where is this duplex located?
The property is located at 558 Beach 67th Street Arverne, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 1,890 sq. ft.; Six bedrooms and five full bathrooms; Built in 2003 on a 3,000 sq. ft. lot
