Ocean-View Duplex with
New
For Sale
$970,000
605 Barbadoes Drive, Arverne, NY 11692
Two residential units offer three bedrooms, two full baths, and a laundry room apiece.
Property Size3,420 SF
Price / SF$283.63
Days on Market6
Property Features for 605 Barbadoes Drive
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,706
Amenities
private ocean view balconies
yard
driveway
laundry room
Building Details
Building Size
3,420 SF
Year Built
2022
Buildings
1
Stories
3
Units
2
Listing Agency:
Winzone Realty Inc
Listed By:
Lina Chen
(917) 660-1256
Source:
Georgemcknight
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 3:31PM
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 Winzone Realty Inc
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.
Built in 2022, this three-story duplex contains two residential units, each with three bedrooms, two full bathrooms, a kitchen, living and dining areas, and a laundry room. A finished ground-level floor adds to the building’s layout. Private balconies with ocean views extend from the upper floors, and the property also includes a yard and driveway.
The home is located in Arverne, a short distance from the 67th Street Surfing Beach. Rockaway Beach concessions, restaurants, and banks are described as accessible by a brief bike ride.
The home is located in Arverne, a short distance from the 67th Street Surfing Beach. Rockaway Beach concessions, restaurants, and banks are described as accessible by a brief bike ride.
Key Highlights
- Two units, each with 3 bedrooms, 2 full baths, and a laundry room
- Three‑story building completed in 2022
- Ocean‑view balconies on the upper floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,600
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,672,000
$1.7M
Cap Rate 7%
$1,194,286
$1.2M
Cap Rate 9%
$928,889
$928.9K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$158.0K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.0K $44.44/SF
− OpEx
−$68.4K −$20.00/SF
NOI
$83.6K $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%
$1,672,000
Cap Rate 7%
$1,194,286
Cap Rate 9%
$928,889
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.05M – $1.39M
NOI $83,600 @ 7.0% cap · market cap 8.62%
Second Best
Multifamily LT 5
$808.7K
$707.6K – $943.5K
NOI $56,607 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,488 @ 7.0% cap · market cap 18.19%
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
443
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 residential units offer three bedrooms, two full baths, and a laundry room apiece.
Where is this duplex located?
The property is located at 605 Barbadoes Drive Arverne, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2 full baths, and a laundry room; Three‑story building completed in 2022; Ocean‑view balconies on the upper floors
