Renovated Duplex with Separate
For Sale
$890,000
6923 Hessler Avenue, Arverne, NY 11692
MULTI_FAMILY - Arverne, NY
Property Size2,300 SF
Lot Size0.07 Acres
Price / SF$386.96
Days on Market342
Property Features for 6923 Hessler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4A
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 4
Interior features
A/C Unit - Window, Dryer, Refrigerator, Stove, Washer
Subdivision
Arverne
Standard status
Active
Size
2,300 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4577
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Tile
Listing Agency:
Metro Realty Professionals
(718) 838-2600
Listed By:
Nam H. Sung
(718) 838-2600
Added: Aug 26, 2025
Changed: Jul 30
Last Checked: Aug 2 at 12:06PM
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.
Investment Insights
Based on property information with market context.
Renovated duplex featuring a wood-frame construction with hardwood flooring and tile roof. The property was completely renovated in 2018, including the sidewalk, hardwood floor, and high ceilings. Updates include two new gas energy-efficient boilers and a tankless water heater, along with three electric meters and two gas meters.
The second-floor rental unit has three bedrooms and two bathrooms. The owner-occupied first floor offers four bedrooms and two full bathrooms, with separate outside entrances plus front and back entrances.
Set on a 0.0689-acre lot with 2,300 square feet, the property is located in Arverne, Queens (Zoning: R4A). The home is very close to the A Train subway station and within a short distance to the beach. Interior features include window A/C and standard kitchen and laundry appliances.
The second-floor rental unit has three bedrooms and two bathrooms. The owner-occupied first floor offers four bedrooms and two full bathrooms, with separate outside entrances plus front and back entrances.
Set on a 0.0689-acre lot with 2,300 square feet, the property is located in Arverne, Queens (Zoning: R4A). The home is very close to the A Train subway station and within a short distance to the beach. Interior features include window A/C and standard kitchen and laundry appliances.
Key Highlights
- Completely renovated in 2018 including sidewalk, hardwood floors, and high ceilings
- Two new gas energy‑efficient boilers plus tankless water heater
- Second‑floor rental unit: three bedrooms and two bathrooms
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 | $106.3k | $46.20 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $102.2k | $44.44 |
| − OpEx | −$46.0k | −$20.00 |
| NOI | $56.2k | $24.44 |
2,300 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 6.32%
Second Best
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 4.28%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
691
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 - Renovated duplex on R4A zoning with separate outside entrances, plus 2018 upgrades including high ceilings and hardwood floors.
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: Completely renovated in 2018 including sidewalk, hardwood floors, and high ceilings; Two new gas energy‑efficient boilers plus tankless water heater; Second‑floor rental unit: three bedrooms and two bathrooms
