Arverne By The Sea
64-28 Ocean Avenue S, Arverne, NY 11692
MULTI_FAMILY - Arverne By The Sea, NY
Property size:
2,908 SFLot size:
0.07 AcresPrice / SF:
$410/SF- Added:
- Mar 4, 2026
- Days on Market:
- 103
- Last Refresh:
- Jun 15 at 11:06 am
Property Features for 64-28 Ocean Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 4
- Patio and Porch features
- Patio, Deck
- Interior features
- Central Air, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Refrigerator, Stove, Washer
- Standard status
- Active
- Size
- 2,908 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3953
Building Details
- Year built
- 2011
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing agent Yelnia Casilla (718) 634-3134
Listing office Rockaway Properties 417 Beach 129th St, Rockaway, NY (718) 634-3134
Listing date Mar 4, 2026
MLS# 499351
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 end unit in The Dunes at Arverne by the Sea planned community
- Owner’s duplex: 3 bedrooms and 2.5 baths with open‑concept living and dining area and spacious kitchen
- Second unit: 2 bedrooms plus a den, offering flexible space for a home office or guest room
- Private rooftop terrace for the second unit with ocean views
- Central air, dishwasher, microwave, refrigerator, stove, washer and dryer; deck and patio included
- Garage and private driveway parking; about 6 years remaining on tax abatement
Overview
This legal 2-family home is located in The Dunes at Arverne by the Sea, a planned community in Rockaway. The end unit features an owner's duplex with 3 bedrooms and 2.5 baths. The open-concept living and dining area, spacious kitchen, and central air conditioning provide year-round comfort. The layout offers natural light and functional living space suitable for everyday living and entertaining. The second unit includes 2 bedrooms plus a den, providing flexible space for a home office or guest room, along with a private rooftop terrace offering ocean views. Additional features include a garage and private driveway parking. The HOA provides community maintenance. Located moments from the beach, boardwalk, local shops, dining, and transportation. The property has approximately 6 years remaining on tax abatement. This property presents a strong opportunity for end-users seeking income potential or investors looking for a well-located multi-family property in a vibrant beachside community. The property is 2908 square feet and sits on a 0.0699-acre lot.
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 | $134.3k | $46.20 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $129.2k | $44.44 |
| − OpEx | −$58.2k | −$20.00 |
| NOI | $71.1k | $24.44 |
2,908 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$888.6K – $1.18M
NOI $71,084 @ 7.0% cap · market cap 5.95%
Second Best
Multifamily LT 5
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,067 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Arverne
- County
- Queens
- State
- New York
- Longitude
- -73.793908
- Latitude
- 40.589462
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Legal 2-family home in a vibrant beachside community.
Where is this duplex located?
The property is located at 64-28 Ocean Avenue S Arverne, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Legal 2‑family end unit in The Dunes at Arverne by the Sea planned community; Owner’s duplex: 3 bedrooms and 2.5 baths with open‑concept living and dining area and spacious kitchen; Second unit: 2 bedrooms plus a den, offering flexible space for a home office or guest room
