Waterfront Triplex with Boat
New
For Sale
$1,199,000
6902 Bayfield Avenue, Arverne, NY 11692
Residential, Arverne, NY
Property Size3,932 SF
Lot Size0.26 Acres
Price / SF$304.93
Days on Market6
Property Features for 6902 Bayfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
13
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 13, Bathroom 11, Bathroom 9, Bathroom 10, Bathroom 3, Bathroom 1, Bathroom 8, Bathroom 12, Bathroom 7
Patio and Porch features
Deck, Porch
Interior features
Deck, Porch, Refrigerator, Stove
Basement
Full
Subdivision
Arverne
Standard status
Active
Size
3,932 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
5041
Amenities
private boat slip
newly installed bulkhead
Building Details
Year built
1920
Number of units
3
Flooring type
Hardwood, Laminate
Building materials
Block
Roof type
Flat
Buildings
1
Listing Agency:
Revived Residential
Listed By:
Louis Belisario
(929) 379-3750
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 31 at 3:06AM
MLS# 505628
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.
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.
This 3,932-square-foot, three-family property was built in 1920 and has block construction, a flat roof, laminate and hardwood flooring, a porch, and a deck. The unit mix consists of an owner's residence, a two-bedroom apartment, and a one-bedroom apartment. The parcel measures 0.2648 acres and borders Jamaica Bay, with a private boat slip and a recently installed bulkhead.
Current FAR allows for more than 11,000 square feet of buildable area. Any expansion or redevelopment plans should be reviewed with an architect to determine what may be permitted.
Current FAR allows for more than 11,000 square feet of buildable area. Any expansion or redevelopment plans should be reviewed with an architect to determine what may be permitted.
Key Highlights
- Three‑family property with an owner's residence, a two‑bedroom apartment, and a one‑bedroom apartment
- 3,932 square feet on a 0.2648‑acre parcel
- Waterfront location on Jamaica Bay with a private boat slip
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,115
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,300
$1.9M
Cap Rate 7%
$1,373,071
$1.4M
Cap Rate 9%
$1,067,944
$1.1M
Market Conditions
NOI Build-Up for 3,932 SF
Gross rent
$181.7K $46.20/SF
− Vacancy
−$6.9K −$1.76/SF
EGI
$174.8K $44.44/SF
− OpEx
−$78.6K −$20.00/SF
NOI
$96.1K $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%
$1,922,300
Cap Rate 7%
$1,373,071
Cap Rate 9%
$1,067,944
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,115 @ 7.0% cap · market cap 8.02%
Second Best
Multifamily LT 5
$929.7K
$813.5K – $1.08M
NOI $65,081 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,910 @ 7.0% cap · market cap 16.92%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
496
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?
Triplex - Three living units comprise an owner's residence and two apartments, one with two bedrooms and one with one bedroom.
Where is this triplex located?
The property is located at 6902 Bayfield Avenue Arverne, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three‑family property with an owner's residence, a two‑bedroom apartment, and a one‑bedroom apartment; 3,932 square feet on a 0.2648‑acre parcel; Waterfront location on Jamaica Bay with a private boat slip
