Renovated Duplex with Separate
6923 Hessler Avenue, Arverne, NY 11692
For Sale
$890,000
Residential, Arverne, NY
Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$386.96
Days on Market441
Property Features for 6923 Hessler Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Metro Realty Professionals
Listed By:
Nam H. Sung
(718) 838-2600
Added: Aug 26, 2025
Changed: Oct 28
Last Checked: Nov 9 at 5:06AM
MLS# 495310
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 2,300-square-foot duplex was renovated in 2018 and features a wood-frame structure, hardwood flooring, a tile roof, and high ceilings. The second-floor apartment contains 3 bedrooms and 2 bathrooms. The first floor has 4 bedrooms and 2 full bathrooms, with separate outside entrances plus front and rear access. The property includes 2 new gas energy-efficient boilers, a tankless water heater, 3 electric meters, and 2 gas meters. Interior appliances include a refrigerator, stove, washer, dryer, and window A/C units.
The 0.0689-acre property is located near the A Train subway station and within a short distance of the beach. It is zoned R4A and was built in 1920.
The 0.0689-acre property is located near the A Train subway station and within a short distance of the beach. It is zoned R4A and was built in 1920.
Key Highlights
- 2,300‑square‑foot duplex on a 0.0689‑acre lot
- Renovated in 2018 with hardwood flooring and high ceilings
- Second‑floor unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,835
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,700
$1.1M
Cap Rate 7%
$811,929
$811.9K
Cap Rate 9%
$631,500
$631.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$88.3K $38.40/SF
− Vacancy
−$7.1K −$3.10/SF
EGI
$81.2K $35.30/SF
− OpEx
−$24.4K −$10.59/SF
NOI
$56.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,136,700
Cap Rate 7%
$811,929
Cap Rate 9%
$631,500
Alternative Uses
Best Use
Multifamily LT 5
$811.9K
$710.4K – $947.3K
NOI $56,835 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,691 @ 7.0% cap · market cap 13.34%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
685
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
$650,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Arverne, NY
Properties on Market for Duplexes in Arverne
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels include a three-bedroom rental unit and a four-bedroom owner-occupied floor.
Where is this duplex located?
The property is located at 6923 Hessler Avenue Arverne, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex on a 0.0689‑acre lot; Renovated in 2018 with hardwood flooring and high ceilings; Second‑floor unit has 3 bedrooms and 2 bathrooms
