Renovated Duplex Near A
For Sale
$890,000
6923 Hessler Ave, Queens, NY 11692
Renovated duplex with rental income potential near the beach.
Property Size2,300 SF
Lot Size0.07 Acres
Days on Market314
Property Features for 6923 Hessler Ave
General Information
Standard status
Active
Size
2,300 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,577
Building Details
Building Size
2,300 SF
Year Built
1920
Stories
2
Listing Agency:
Exit Realty Professionals
Listed By:
Nam H. Sung
(718) 838-2600
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 7 at 12:05PM
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 Exit Realty Professionals
Investment Insights
Based on property information with market context.
This renovated property, updated in 2018 with a new sidewalk, hardwood floors, and high ceilings, features two new gas energy-efficient boilers and a tankless water heater. The building is equipped with three electric meters and two gas meters. The second-floor rental unit includes three bedrooms and two bathrooms and generates a monthly rental income of $2,500. The owner-occupied first floor offers four bedrooms and two full bathrooms, with separate outside entrances at the front and back. The property is conveniently located near the A Train subway station and within a short distance of the beach.
Key Highlights
- Renovated in 2018 with new sidewalk, hardwood floors, and high ceilings
- Income‑generating second‑floor rental unit (3 bedrooms, 2 bathrooms) with $2,500 monthly rent
- Energy‑efficient upgrades: 2 new gas boilers and tankless water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,222
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
$1.1M
Cap Rate 7%
$803,171
$803.2K
Cap Rate 9%
$624,689
$624.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$106.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.2K $44.44/SF
− OpEx
−$46.0K −$20.00/SF
NOI
$56.2K $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%
$1,124,440
Cap Rate 7%
$803,171
Cap Rate 9%
$624,689
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
716
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with rental income potential near the beach.
Where is this duplex located?
The property is located at 6923 Hessler Ave Queens, 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: Renovated in 2018 with new sidewalk, hardwood floors, and high ceilings; Income‑generating second‑floor rental unit (3 bedrooms, 2 bathrooms) with $2,500 monthly rent; Energy‑efficient upgrades: 2 new gas boilers and tankless water heater
