6923 Hessler Avenue Arverne, NY 11692
MULTI_FAMILY - Arverne, NY
Property Features for 6923 Hessler Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4A
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3
- Interior features
- A/C Unit - Window, Dryer, Refrigerator, Stove, Washer
- 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 agent Nam H. Sung (718) 838-2600
Listing office Metro Realty Professionals 6203 18th Avenue, Brooklyn, NY (718) 838-2600
Listing date Aug 26, 2025
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Investment Insights
Based on property information with market context.
The owner-occupied first floor has 4 bedrooms and 2 full bathrooms with separate outside entrances and both front and back entrances. The property is very close to the A Train subway station and within a short distance to the beach.
The configuration supports a clear separation between units, with exterior access to the first-floor living space. The seller invites offers.
Key Highlights
- Completely renovated in 2018, including sidewalk, hardwood floors, and high ceilings
- 2 separate rental/owner spaces: 2nd‑floor unit offers 3 beds and 2 baths
- 2nd‑floor rental currently listed at $2,500
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 | $106.3k | $46.20 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $102.2k | $44.44 |
| − OpEx | −$46.0k | −$20.00 |
| NOI | $56.2k | $24.44 |
